.png){kind=logo}
Despite the rollercoaster of sentiment rolling in the crypto market, Bitcoin and Ethereum ETF's debut in Hong Kong has sparked optimism among investors. While the good news dominated the headlines, AI cryptos NEAR and Raboo are making bold strides with their thriving surge and compelling, innovative use cases. This invites the question – will AI-powered Raboo and NEAR outshine these Hong Kong Bitcoin ETFs? Let's find out.
A few days ago, six Bitcoin and Ethereum ETFs were listed on the Hong Kong Stock Exchange, marking a key milestone in the growth of regulated cryptocurrency products worldwide. The ETFs, issued by China Asset Management, Bosera Asset Management, and Harvest Global Investments, debuted at HKD 50.540 for Bitcoin ETFs and HKD 25.340 for Ethereum ETFs.
At the early hour of the day, the ETF saw $12M in trading volume before retiring at $200M at the end of the day. However, the duo has been trading below expectations—a similar "sell the news" trend seen with the previous Bitcoin ETF. Currently, Bitcoin (BTC) has fallen below the $58k mark for the first time since January, while Ethereum hovers around the $3050 mark with an over 8% downturn in 30 days.
Despite the unprecedented fall that followed Hong Kong Bitcoin ETFs, NEAR Protocol has shown impressive resilience and stability while fostering the proliferation of its AI-fueled dream. Right from the start, NEAR Protocol has outperformed the conventional layer one yardstick with an efficient and scalable Nightshade sharding-based network.
Recently, NEAR Protocol (NEAR) partnered with Indian Koda after its collaboration with Dar Blockchain for Web3 advancement in regional Africa and the Middle East. That's not all. NEAR Protocol is advancing its Data Availability solutions and cross-chain communication in a recent alliance with NodeKit. All these have shone the light on AI cryptos, particularly Raboo and NEAR Protocol.
The synergy between AI and crypto has proven to be the gravity-defying talk of the town for this year, and Raboo has been at the forefront of this innovative change. The AI-powered meme-backed platform blends the novel Social-Fi with advanced AI. While the aim is to rewrite the meme standard, Raboo goes beyond reinventing to empowering the crypto community.
While memes may have initially drawn attention, Raboo's innovative features go far beyond superficial appeal! Its innovative features are nothing unlike any crypto project has offered. Its inclusivity and focus on stability with carefully crafted tokenomics, audited contracts, and deflationary mechanisms set it apart. Over 5,200 investors are already aboard, demand is growing exponentially, and the price has shot up to $0.0042 as valuation surpasses $1M in the third stage.
The introduction of Bitcoin (BTC) and Ethereum ETFs in Hong Kong marks a new dawn for cryptocurrency investment and asset trading. However, AI cryptocurrency has proven to be an invincible force. Notably, Raboo has experienced an energetic surge, showcasing its potential to lead the way in this evolving market.
You can participate in the Raboo presale here.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
