Institutional Investors Snap up $6M in SOL, Raboo Presale Soars, UNI Founder Calls Out U.S. President

The post Institutional Investors Snap up $6M in SOL, Raboo Presale Soars, UNI Founder Calls Out U.S. President appeared first on Coinpedia Fintech News

With so much happening in the cryptocurrency market, a couple of things have caught the attention of both investors and watchers. Solana which has been on a bearish trend for a while is now back up, as institutional investors show major interest. The founder of Uniswap has also called out United States President, Joe Biden for not supporting crypto. 

However, Raboo, the newest crypto project continues to soar in its presales after recording over $1.3 million in presale coins. Experts believe RABT  could grow by 233%  by the end of the presale. Let’s discuss more about these happenings in the crypto market. 

Solana: Institutional investors put the coin on a bullish run after investing $6M

Solana started the year off as one of the top-performing coins in cryptocurrency. According to Solana News, the coin has continued attracting independent and institutional investors. Although it recently experienced a drop in price due to Bitcoin’s performance, it seems like interest is back up, as institutions have resumed buying the asset.  

SOL is currently trading at $185. At the top of Solana news is its record of $6 million worth of SOL Coin buy from institutional investors. This took its net flow from $11 million to about $17 million. These institutional investments have boosted the project’s confidence and attracted more investors. 

Solana also has a positive Relative Strength Index (RSI). Experts predict a new potential surge for SOL if it’s RSI goes above 59. 

Raboo Continues to Do Big Numbers in Its Presale After Exceeding $1 Million 

Raboo is a new meme coin that is drawing attention due to its imminent potential. The coin is crafted from the finest cutting-edge technology, incorporating every necessary feature to ensure a great performance. It is now mentioned as one of the biggest AI-powered meme coins in 2024 and it uses the Ethereum ERC-20 network. According to analysts, RABT could surge by 10,000% once it lists on major exchanges. 

Raboo is without a doubt one of the best coins to invest in today. The project is designed to connect memecoin enthusiasts worldwide and build a vibrant like-minded community. It is operating to become one of the top 20 cryptocurrencies by market cap, safe to say it is currently on the right path. Additionally, Raboo enthusiasts don’t have to wait for the launch to earn. They can simply monetize their social media content through the post-to-earn platform. 

Raboo is currently in its stage 3 presale and has made a total supply of 1.8 billion. The $RABT presale token started selling at $0.003 but is now selling at $0.0042. Holders of this coin can experience the combination of MemFi, SocialFi and blockchain, bringing together memes and digital worlds. Analysts predict a growth of 233% by the end of the presale and another 100x growth once it launches.  

Uniswap founder calls out U.S. president for not supporting crypto 

Uniswap remains one of the best coins to invest in 2024. Its founder Heyden Adam has openly expressed his disappointment with United States President Joe Biden’s choice to not support crypto. The Biden administration has been under fire, especially after US former president Donal Trump leveraged Joe Biden’s perceived anti-crypto stance as a campaign tactic. 

The Democratic administration made a formal announcement about its lack of interest in the emerging economy, expressing its intentions to amend any current laws permitting banks to hold cryptocurrency in the nation should they win reelection in the next presidential election.  

Industry figures like the founder of Uniswap coin, Hayden Adams have criticized the government for its seeming hostility to the cryptocurrency space. He called Joe Biden’s approach to crypto legislation a serious “political misstep” in a long essay on X. Adam also added that Bidden can still turn the table in his favour if he reverses his stance on crypto and reigns in the SEC and Senator Warren’s anti-crypto effort. 

Conclusion 

Solana is in a good place thanks to the massive investment from institutional investors. The project’s confidence level is at its highest and is a promising long-term bullish trend. Citizens of the United States are waiting to see if Biden will change his initial position on crypto after backlash. 

Raboo proves to be a good investment opportunity, attracting investors from all over the world. You can be sure to find news on Raboo in many popular crypto-buying guides. The presale tokens are still up for sale at an affordable price, so anyone can purchase them. 

You can participate in the Raboo presale here.

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