Ethereum ETF approval boosts Bitcoin, says Michael Saylor; Raboo Presale soars Ethereum ETF approval boosts crypto prices, benefiting tokens like Raboo ($RABT) which raised $1.5 million in presale, expecting a 100x gain. Michael Saylor anticipates a BTC boom post approval, aligning with Raboo's potential for significant price gains
The legitimisation of Bitcoin Exchange Traded Funds (ETFs) has had a positive effect on cryptocurrencies. So, it’s not surprising that an Ethereum ETF approval is towing the same line. It ushered in an influx of new investors, which boosted crypto token prices.Raboo ($RABT), a new kid on the block, is one of the biggest beneficiaries of this boost. Now, in presale, Raboo has raised an astonishing $1.5 million, which has been up 40% since its launch. Industry watchers expect $RABT to make a 100x gain before the end of the presale. That’s why investors are rushing it.
Swift Ethereum ETF approval boosts crypto prices
Crypto enthusiasts always believed that ETFs would boost crypto adoption. They allow traditional investors to get exposure to the tokens without directly owning them.
The SEC took almost a decade to okay the first Bitcoin ETF application. But once approved, it boosted crypto prices. Ethereum ETF applications didn’t take as long, and as expected, they’ve had a positive impact on the market.
Crypto prices have soared significantly in response to this development. ETH itself appreciated by 12% and drew near $4,000, which is remarkable. The Ethereum ETF approval is expected to spur the market on, with ETH set to appreciate further.
ETH ETFs positively impact Bitcoin
To Michael Saylor, Ethereum ETFs are good news for Bitcoin. According to him, they ‘serve as another line of defense for Bitcoin,’ and would make the blue-chip asset more stable price-wise.
Michael Saylor also thinks the development would accelerate institutional adoption of Bitcoin. Going by history, this would further boost crypto prices. Bitcoin has been trading around $70,000 in the last seven days.. It’s a considerable increase when compared with its price action last year. The general feeling is that BTC will appreciate further and hit new all-time highs before the year runs out.
Raboo presale magnets investors as crypto prices soar
Raboo is an enterprising new project primed to make substantial price gains, thanks to the Ethereum ETF approval. It infuses artificial intelligence with meme culture, birthing a dynamic space filled with engaged users. In essence, it provides a platform where crypto meme lovers connect, earn, and prosper.
The ecosystem boasts NFTs, AI-generated memes, exclusive merchandise, and other mouth-watering rewards. Even more, the smart contract has been examined by leading crypto audit firm Solidproof. This guarantees security, eradicates worries, and puts investors' minds at ease.
These unique offerings put Raboo ahead of the pack. Since it’s still in presale, there’s a decent chance it will appreciate significantly when it launches on exchanges. That’s why experts say it's poised to hit a 100x profit once the presale ends.
As Michael Saylor fancies a BTC boom following recent Ethereum ETF approval, Raboo is primed for huge price gains. That’s because it offers several benefits for investors and has significant moon potential. It’s still in presale, and for $0.0042, you can partake in this movement and benefit from the impending 100x price gain.
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
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This story originally appeared on: India Times - Author:Faqs of Insurances
