Goldman Sachs Cools Crypto Predictions. How Will Bitcoin, Ethereum, and Raboo Do in the Second Half of 2024?
The first three months of 2024 witnessed a fantastic bull run, but April saw sentiments cool rapidly. Investment giant Goldman Sachs has warned against getting too optimistic about Bitcoin halving, saying a repeat performance of previous Bitcoin halving numbers is not guaranteed. Traditionally, Bitcoin (BTC), Ethereum (ETH), and even altcoins have skyrocketed after the halving. Not this time, says Goldman Sachs. In this uncertain environment, investors hedge in guaranteed returns, such as the Raboo (RABT) presale at just $0.0036.
Bitcoin (BTC): What bitcoin halving could mean according to Goldman Sachs
“History doesn’t repeat itself, but it often rhymes,” is a quote attributed to Mark Twain. Bitcoin’s halving history shows a supply shock drives the price excessively upwards! After the first Bitcoin halving in 2012, Bitcoin went up over 9,000%. But this is where the rhyming part comes in: in the two subsequent halvings, Bitcoin climbed substantially less, at 2,900% and 700%, respectively.
Goldman Sachs says there are other macroeconomic factors at play, too. The March rally we saw already had the Bitcoin halving spike ‘priced in,’ and the halving may just be a damp squib and will not impact the price that much.
Ethereum (ETH): Post-having boom or blues?
An adage states that Bitcoin sets the direction but not the pace. Wherever Bitcoin goes, other tokens tend to follow. But not nearly at the same rate – most coins move faster than Bitcoin, and historically, Ethereum has outpaced Bitcoin on both up and down cycles. During all three previous halvings, Ethereum gained a higher percentage yield than Bitcoin, indicating that Ethereum is a better investment.
Until the inevitable crash comes, Bitcoin holds its value as altcoins like Ethereum lose more value much faster. Whatever this halving brings, Ethereum will do it faster than Bitcoin. Investors can go long on Ethereum, but it is a risky move. A better alternative would be to invest in products with a guaranteed return.
Raboo (RABT): Presale guarantees price increase
The beauty of presales and ICOs is that a coin’s value is set by the issuing company and not dictated by the open market. This is the investment opportunity in the new meme-fi AI token Raboo. Raboo is a new take on the lucrative meme coin phenomenon, combining the allure of meme coins with the technological advancement of AI. As Shiba Inu, Pepe, and DogWifHat have proven, there is much more to meme coins than internet culture, but they are viable investment drivers.
Raboo (RABT) is currently in presale and available at $0.0036. It has gained over $1 million in liquidity from investors banking against the unpredictable nature of Bitcoin halving and with good reason. The presale is structured, and the price of Raboo will increase by 233% during the presale. When the presale concludes, it is expected to explode to 100x once it hits the open markets.
Conclusion
What Ethereum and Bitcoin will do in the second half of 2024 is anyone’s guess, but if Goldman Sachs is to be believed, it may not be as bullish as hoped. To safeguard investment dollars, it is better to invest in presales and ICOs like Raboo.
You can participate in the Raboo presale here.
