The cryptocurrency market is witnessing a renewed surge of interest, especially with the introduction of new investment funds for Ethereum. Alongside Ethereum, tokens like PEPE, XRP, and Raboo have been making headlines with significant price movements and market activity. Let's delve into the major crypto stories and price changes capturing the attention of industry observers this week.

The PEPE token has been the star of the crypto world this week, experiencing an impressive surge of over 70% to reach a new all-time high of $0.00001725. Daily trading volumes for PEPE soared to over $1.8 billion across spot and futures markets, a significant jump from its usual range of $400-600 million.

Data from Santiment highlights PEPE’s rising momentum, showing an almost 100% increase in active addresses interacting with the token over the past seven days. Additionally, PEPE’s social dominance climbed from 0.81% to 3.55% in the same period.

Buoyed by these bullish indicators, analysts are forecasting further upside potential for PEPE. Projections suggest that the token could climb to $0.00007909 by 2024, driven by the surging interest and increased trading activity.

XRP faced a tumultuous week following the U.S. Securities and Exchange Commission's (SEC) ongoing allegations that Ripple Labs sold unregistered securities. This led many centralized exchanges to delist the token. However, there was a brief moment of optimism when Coinbase announced that New York customers could resume trading XRP after a nine-month hiatus.

The excitement was short-lived as the SEC's demands for Ripple Labs to produce additional documents dampened the market sentiment. This regulatory pressure led a major XRP holder to sell nearly 32 million XRP coins, worth approximately $16.4 million, causing further uncertainty about XRP’s future.

Many crypto market analysts predict a bearish outlook for XRP, expecting the price to potentially drop to $0.48 by April 7, reflecting the ongoing regulatory challenges and investor concerns.

Raboo, an AI-backed memecoin, has taken the market by storm with its remarkable presale success, raising over $1.5 million. The presale has attracted over 6,800 registered users and more than 2,100 token holders, signaling strong investor interest.

The excitement around Raboo is driven by its innovative social-fi model, which combines artificial intelligence (AI) and social media to create a dynamic meme-generating community. Unlike traditional memecoins, Raboo offers users the chance to earn additional tokens by participating in various challenges and giveaways.

Currently priced at $0.0042 in stage 3 of the presale, analysts predict that Raboo’s native token, $RABT, could see a 233% increase during the presale and an astonishing 100x growth on its official launch day.

This week, the cryptocurrency market has been characterized by significant movements and diverse investor reactions. PEPE’s meteoric rise, XRP’s regulatory hurdles, and Raboo’s presale success have each made headlines, showcasing the volatility and potential for gains within the crypto space. As these developments unfold, investors are keenly watching these tokens for opportunities in an ever-evolving market.