Are The Old Guards Back: Ethereum And Bitcoin Change Their Fortunes

bitcoinistPublished on 2024-09-30Last updated on 2024-09-30

Abstract

Rumours of the old guards’ demise have been greatly exaggerated. Bitcoin and Ethereum are STILL alive and kicking. Bitcoin price,...

Rumours of the old guards’ demise have been greatly exaggerated. Bitcoin and Ethereum are STILL alive and kicking. Bitcoin price, for instance, has broken past resistance as it trades above $65K, while the Ethereum price finally broke out of its slump and broke past $2.6K as of press time. And as we all know, the current Bitcoin price is always a tide that lifts all ships—including the broader altcoin sector. Case in point: new meme coin presale sensation Raboo ($RABT) has turned on the jets with a 90% gain since, making it among the top investment opportunities as we enter the final quarter of the year. 

Bitcoin price retakes support at $65K

Great news for Bitcoin price watchers. Bitcoin has retaken support at $65K and holding firmly at the level. That makes the Bitcoin price just a stone’s throw away from its all-time high of $73K. A new Bitcoin ATH is well within the realm of possibility before the year ends, But investing in Bitcoin is no longer an option for investors looking to get more out of their investments. It is, after all, the largest cryptocurrency by market cap. That limits its upside compared to lower-cap investment opportunities that have more upside for price appreciation. Make no mistake, however—if the Bitcoin price rally sustains its current pace, it could mean a 100x trajectory for altcoins like Raboo. 

Ethereum price finally shows signs of life

The Ethereum price has greatly underperformed expectations this year. Constant sell-offs by whales including the Ethereum Foundation has left the Ethereum price floundering between the $2.2K to $2.3K range. Despite experts pegging Ethereum to set new all-time highs, the smart contract platform has fallen woefully short of bullish expectations. Nevertheless, the recent 10% gain in the final two weeks of September has been reason for Ethereum holders to hold out hope for another rally back to $4K. But before $4K, Ethereum bulls need to break past $3K and hold strong at that level. In other words, it’s unlikely for Ethereum to hit anywhere close to $4K this year. Ethereum holders, better luck next year. 

New AI-powered meme coin Raboo set for parabolic growth

Investors looking for a better return on investment won’t find it with Bitcoin or Ethereum because of their gargantuan market caps. The parabolic gains will instead be found in low-cap gems with the potential to blow up whenever Bitcoin rallies and lifts the rest of the market along with it. That opportunity has arrived with Raboo. Entering Stage 5 of its presale, Raboo has raised over $2.5 million and its token price has turned in a 90% gain rising from $0.003 to $0.0057.

The meme coin sector often pumps each time the market heats up. And given Raboo’s unique value proposition introducing a flourish of AI to the lucrative meme coin format, its native token $RABT has nowhere to parabolic in the next bull run. Raboo blends SocialFi and AI to create a platform where users can create memes with its Rabooscan tool and earn $RABT tokens through competitions and by sharing their creations across the internet. Rabooscan leverages advanced AI algorithms to create viral-ready memes, making it a cut above your garden-variety meme coins. If you’re looking for the next 100x candidate, Raboo is your best bet this year.

You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official

Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Reads

From Gas Limit to 'Keyed Nonces', How to Understand the Next Step in Ethereum Scalability?

Ethereum’s scalability efforts are shifting toward a user-centric approach—focusing not only on higher TPS, but on translating technical upgrades into lower costs, smoother operations, and better wallet experiences. Two recent developments highlight this direction: - **Raising the Gas Limit to 200 million**: Following the Fusaka upgrade that increased it to 60 million, a consensus has formed around a potential future increase to 200 million. This would boost Ethereum’s execution capacity, but it is planned alongside other upgrades—such as ePBS, Block-Level Access Lists (BAL), and EIP-8037—to manage state growth and keep node operation viable for average participants. - **Keyed Nonces (EIP-8250)**: This proposal aims to improve how transactions are queued. Instead of a single linear nonce per account, it introduces multiple independent nonce domains. This prevents different types of transactions—such as private payments, session keys, or batch operations—from blocking each other. Vitalik Buterin views this as a foundational step toward better privacy support and more flexible state scalability. Together, these upgrades are part of a broader move to push complexity from wallets, DApps, and relays back into the protocol layer. For everyday users, this means future Ethereum interactions could become less congested, more intuitive, and safer—especially as core improvements in account abstraction, cross-L2 interoperability, and node decentralization continue to progress. Ultimately, Ethereum is evolving to handle not just more transactions, but more varied and complex on-chain use cases while preserving its decentralized foundation.

marsbit20m ago

From Gas Limit to 'Keyed Nonces', How to Understand the Next Step in Ethereum Scalability?

marsbit20m ago

Leaving OpenAI, How Much Has Their Net Worth Increased?

Former OpenAI employees have collectively accrued near-trillion dollar valuations through ventures and investments, charting AI's future. The article highlights two main paths: founding high-value companies like Anthropic and Perplexity, or applying insider insights as investors. Leopold Aschenbrenner exemplifies the investor path. After being fired from OpenAI, he leveraged firsthand knowledge of AI's massive energy demands to make hugely successful public market bets on nuclear and fuel cell companies, practicing "cross-industry cognitive arbitrage." Other alumni, like the Zero Shot VC fund founders, use their technical foresight for early-stage investing. Their key advantage lies not just in picking winners, but in knowing which technical approaches are likely dead ends—a "veto list" derived from internal OpenAI experience. Angel investing within the network, as seen with Mira Murati and Sam Altman, operates on deep, pre-existing understanding of a founder's capabilities, reducing due diligence to near zero. This creates an ecosystem bound by a shared belief in AGI's imminent arrival, differing from networks like the "PayPal Mafia" which were built on shared past struggles. The shift of these builders to investors signals a profound conviction: their situational awareness of the AI landscape is now so clear that deploying capital based on that judgment is more efficient than building themselves. They are allocating bets on the future they helped shape from the inside.

marsbit31m ago

Leaving OpenAI, How Much Has Their Net Worth Increased?

marsbit31m ago

Countdown to the AI Bull Market? Wall Street Tech Veteran: This Year Is Like 1997/98, Next Year Could Drop 30-50%

"AI Bull Market Countdown? Wall Street Veteran: This Year Feels Like 1997/98, Next Year Could Drop 30-50%" In an interview, veteran tech analyst Dan Niles draws parallels between the current AI boom and the 1997-98 period of the internet boom, suggesting the bull run isn't over yet. The core new driver is identified as "Agentic AI," which performs multi-step tasks and consumes vastly more computing power than conversational AI. This shift is expected to boost demand for cloud infrastructure and benefit CPU makers like Intel and AMD, potentially pressuring GPU leader Nvidia. However, Niles warns of significant short-term overbought conditions in semiconductors. His central warning is for a potential major market correction of 30-50% starting in early 2027. Drivers include a slowdown from high growth comparables, the outsized capital demands of companies like OpenAI, and a wave of massive tech IPOs sucking liquidity from the market. A J.P. Morgan survey of 56 global investors aligns with this view, finding that 54% expect a >30% U.S. stock correction by 2027. Among mega-cap tech, Niles favors Google due to its full-stack AI capabilities and cash flow, expresses concern about Meta's user growth, and sees potential for Apple's AI Siri and foldable iPhone. Niles advises investors to be nimble, hold significant cash, and closely monitor the conflicting signals from equities, oil prices, and bond yields, which he believes cannot all be correct simultaneously.

marsbit1h ago

Countdown to the AI Bull Market? Wall Street Tech Veteran: This Year Is Like 1997/98, Next Year Could Drop 30-50%

marsbit1h ago

Trading

Spot
Futures

Hot Articles

What is $BITCOIN

DIGITAL GOLD ($BITCOIN): A Comprehensive Analysis Introduction to DIGITAL GOLD ($BITCOIN) DIGITAL GOLD ($BITCOIN) is a blockchain-based project operating on the Solana network, which aims to combine the characteristics of traditional precious metals with the innovation of decentralized technologies. While it shares a name with Bitcoin, often referred to as “digital gold” due to its perception as a store of value, DIGITAL GOLD is a separate token designed to create a unique ecosystem within the Web3 landscape. Its goal is to position itself as a viable alternative digital asset, although specifics regarding its applications and functionalities are still developing. What is DIGITAL GOLD ($BITCOIN)? DIGITAL GOLD ($BITCOIN) is a cryptocurrency token explicitly designed for use on the Solana blockchain. In contrast to Bitcoin, which provides a widely recognized value storage role, this token appears to focus on broader applications and characteristics. Notable aspects include: Blockchain Infrastructure: The token is built on the Solana blockchain, known for its capacity to handle high-speed and low-cost transactions. Supply Dynamics: DIGITAL GOLD has a maximum supply capped at 100 quadrillion tokens (100P $BITCOIN), although details regarding its circulating supply are currently undisclosed. Utility: While precise functionalities are not explicitly outlined, there are indications that the token could be utilized for various applications, potentially involving decentralized applications (dApps) or asset tokenization strategies. Who is the Creator of DIGITAL GOLD ($BITCOIN)? At present, the identity of the creators and development team behind DIGITAL GOLD ($BITCOIN) remains unknown. This situation is typical among many innovative projects within the blockchain space, particularly those aligning with decentralized finance and meme coin phenomena. While such anonymity may foster a community-driven culture, it intensifies concerns about governance and accountability. Who are the Investors of DIGITAL GOLD ($BITCOIN)? The available information indicates that DIGITAL GOLD ($BITCOIN) does not have any known institutional backers or prominent venture capital investments. The project seems to operate on a peer-to-peer model focused on community support and adoption rather than traditional funding routes. Its activity and liquidity are primarily situated on decentralized exchanges (DEXs), such as PumpSwap, rather than established centralized trading platforms, further highlighting its grassroots approach. How DIGITAL GOLD ($BITCOIN) Works The operational mechanics of DIGITAL GOLD ($BITCOIN) can be elaborated on based on its blockchain design and network attributes: Consensus Mechanism: By leveraging Solana’s unique proof-of-history (PoH) combined with a proof-of-stake (PoS) model, the project ensures efficient transaction validation contributing to the network's high performance. Tokenomics: While specific deflationary mechanisms have not been extensively detailed, the vast maximum token supply implies that it may cater to microtransactions or niche use cases that are still to be defined. Interoperability: There exists the potential for integration with Solana’s broader ecosystem, including various decentralized finance (DeFi) platforms. However, the details regarding specific integrations remain unspecified. Timeline of Key Events Here is a timeline that highlights significant milestones concerning DIGITAL GOLD ($BITCOIN): 2023: The initial deployment of the token occurs on the Solana blockchain, marked by its contract address. 2024: DIGITAL GOLD gains visibility as it becomes available for trading on decentralized exchanges like PumpSwap, allowing users to trade it against SOL. 2025: The project witnesses sporadic trading activity and potential interest in community-led engagements, although no noteworthy partnerships or technical advancements have been documented as of yet. Critical Analysis Strengths Scalability: The underlying Solana infrastructure supports high transaction volumes, which could enhance the utility of $BITCOIN in various transaction scenarios. Accessibility: The potential low trading price per token could attract retail investors, facilitating wider participation due to fractional ownership opportunities. Risks Lack of Transparency: The absence of publicly known backers, developers, or an audit process may yield skepticism regarding the project's sustainability and trustworthiness. Market Volatility: The trading activity is heavily reliant on speculative behavior, which can result in significant price volatility and uncertainty for investors. Conclusion DIGITAL GOLD ($BITCOIN) emerges as an intriguing yet ambiguous project within the rapidly evolving Solana ecosystem. While it attempts to leverage the “digital gold” narrative, its departure from Bitcoin's established role as a store of value underscores the need for a clearer differentiation of its intended utility and governance structure. Future acceptance and adoption will likely depend on addressing the current opacity and defining its operational and economic strategies more explicitly. Note: This report encompasses synthesised information available as of October 2023, and developments may have transpired beyond the research period.

363 Total ViewsPublished 2025.05.13Updated 2025.05.13

What is $BITCOIN

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of BTC (BTC) are presented below.

活动图片