Fear and Greed Index Neutral. Why Investors are Taking Advantage of the Dip, Buying Bitcoin, Solana, and Raboo
The post Fear and Greed Index Neutral. Why Investors are Taking Advantage of the Dip, Buying Bitcoin, Solana, and Raboo appeared first on Coinpedia Fintech News
The fear and greed index is a tool that aims to measure the overall sentiment of investors in the crypto market. It has a characteristic score that ranges from 0 to 100. A score less than 25 signifies extreme market sentiment while 75 to 100 means extreme greed.
At the moment, the fear and greed index is neutral following Bitcoin’s price correction, with the resulting ripple causing a depreciation in the Solana price.
Nevertheless, investors are taking advantage of the dip, and savvy ones have an eye on Raboo, an innovative meme coin that is set to shake up the industry. Now in presale stage 3, Raboo has raised over $1.2 million and is available for just $0.0042. Read on to find out why veteran investors expect RABT to 100x this year.
Bitcoin rebounds as investors start buying the dip
Bitcoin’s highly anticipated April 19 halving event was quite uneventful. Although the blue-chip asset appreciated slightly following the halving, it depreciated significantly ten days later, falling below the $57,000 mark.
At this moment, the fear and greed index, which had been indicating greed, swung in the opposite direction. However, experienced Bitcoin investors started buying the dip, and the coin has since recovered. At the writing of this piece, the BTC price is over $62,000, and investors are hopeful it will resume its bullish trend and break new all-time highs.
Crypto analyst predicts unprecedented Solana rally
Immortal, a pseudonymous cryptocurrency analyst with over 200,000 followers on X, believes that Solana has witnessed its last major correction for the current market cycle. SOL had appreciated significantly in the last Bitcoin-induced bull run, going close to $200 and surpassing it. But it had depreciated massively over the last month, hitting lows of $120.
In a post, Immortal shared a SOL price chart with the caption: “Last dip ever.” Since they have been correct on several occasions in the past, investors prefer to believe their predictions.
Apart from that, Solana has been one of the fastest-growing cryptocurrencies in the last year. Investors assume the Solana price will rally significantly in the near future – so long as Bitcoin doesn’t crash.
Hotly contested Raboo presale now an investor magnet
At the top of crypto investors’ list is Raboo, a new token tipped to be the biggest AI-powered meme coin in 2024. It appeals particularly to investors buying the dip because it leverages several trending concepts including meme culture, artificial intelligence, and SocialFi to build a strong online community.
Raboo utilizes the fun concept of memes to revolutionize how like-minded crypto lovers interact on the blockchain and incentivizes participation with its earning potential. It has massive room for appreciation since it’s still in presale and could easily 100x when it lists on exchanges.
Conclusion
Crypto investors are always looking for opportunities to buy the dip, irrespective of what the fear and greed index says. Appreciations in Bitcoin and the Solana price may have prompted many to opt for these coins but savvy traders are choosing Raboo. It’s the investor magnet tipped to x100 in 2024.
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
