Pepe Coin (PEPE) and Shiba Inu (SHIB) have both recorded losses in the past weeks, causing doubts in their investors. However, today, the new market favorite, Raboo is offering something more and a rewarding crypto experience awaits its buyers as it prepares to launch. Raboo has raised over 1.8 million in its presale token event and analysts predict a 10,000% surge once it list on major exchanges. Keep reading to find out more.
SHIB continues on a downward trend with no signs of recovery
The original meme token, Shiba Inu, is currently seeing sluggish price movement. Many have referred to the SHIB price increase of 2021 as historic, signaling the start of a new phase of development and transformation for investors’ riches and fortunes.
SHIB has been trending southwards for several weeks now. The project is currently trading at $0.00001755 however has gained by 2.16% on the last day. SHIB’s poor performance has been worrisome to its investors leading them to seek for other investment ventures.
The SHIB millionaire stats have been significantly altered by the token’s gradual price increase. There has also been a notable decline in the number of SHIB billionaires or investors with $1 to $10 million SHIB in their accounts. According to information made public by Into The Block, 986 addresses have stabilized with SHIB assets of less than $1 million.
PEPE meme coin sinking
The activity of whales and large-scale investors in the Pepe (PEPE) cryptocurrency is significantly declining. The past month has seen a drastic decline in trading volume. This suggests a fall in trader participation, as evidenced by the 12% decline in unique addresses trading PEPE since early June.
Because of this, the price of PEPE has dropped below its 20-day Exponential Moving Average (EMA), which is frequently used as a bearish market indicator. The stability of the meme coin’s market and future demand may be impacted by this decline in activity from both small and large investors.
Pepe’s $5.1 billion market capitalization has experienced fluctuation in the last 30 days. However, Pepe has never gone through a bull cycle. In the upcoming months, Pepe is still one of the most anticipated memes for huge revenues, particularly during election season in November. Pepe entered the market during the bear run, making it one of the few currencies that made wise investors a sizable profit.
Raboo continues to make waves attracting more investors
Raboo has emerged as a market sensation, promising investors a return of up to 10,000% upon listing on key platforms. Meme coin aficionados can make money with Raboo while interacting with other like-minded cryptocurrency investors and engaging in the community.
Raboo is a new AI meme coin, which is crafted from the finest blend of cutting-edge technology, AI wizardry, and a dash of ruthless meme-hunting prowess. Good news for owners of $RABT: by participating in weekly, monthly, and quarterly challenges and special giveaways, they can earn $RABT and rewards by utilizing the exclusive Social-fi concept.
Raboo launched its presale token price at $0.003 but has grown 60% since then. It is now trading at $0.0048 and is in its Stage 4 presale. Analysts expect the price of Raboo to grow 233% during the presale, and 100x on launch day.
Conclusion
SHIB and PEPE have both been on a decline, providing no opportunity for investors to get in. Raboo on the other hand has been making waves despite still being in its presale. It provides an opportunity for people to experience the combination of SocialFi, MemeFi and blockchain. The meme coin has shown great potential and a promising future.
Visit here to find out more about Raboo presale.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.