The final week of May has seen the crypto market kickstart another rally, with Bitcoin leading the charge after breaking past the $70,000 mark. However, DEX projects Uniswap and CAKE have seen flights of instability and wild price swings. Meanwhile, new meme coin Raboo is gaining serious traction as its presale goes live with Stage 3 amid massive hype. Learn why this new meme coin is being tipped for a 100x gain upon launching.
Uniswap: Ethereum DEX token prices oscillating wildly
Uniswap, the leading decentralized exchange (DEX) for the Ethereum network, has lost most of the gains it had made. Last March, UNI prices hit the $15.76 mark in March after trading in the $7 range for most of February. However, Uniswap whales have been dumping copious amounts of tokens since, tanking prices all the way to $6.34 last April. Since then, Uniswap has recovered nicely, bouncing back to the $9.30 range where it trades as of press time. Uniswap bulls need to sustain this rally to break and hold past $10.
PancakeSwap: CAKE prices floundering for most of 2024
CAKE serves as the native token of the PancakeSwap DEX ecosystem on the Binance Chain. While CAKE plays a major role in facilitating crypto swaps, it hasn’t exactly translated into tangible gains for CAKE holders this year. Since hitting a yearly high of $5 earlier in March, CAKE token prices have stayed firmly below the $3 mark where it currently trades as of press time. Nevertheless, CAKE holders remain bullish about the token, given its leading status in the Binance ecosystem and the constant stream of new meme coin launches occurring on the chain. CAKE looks like good value to retest its March highs in the coming weeks.
New meme coin Raboo tipped for a 100x post-launch gain
New meme coin Raboo is fast making a name for itself in the crypto market with its much-awaited presale launch. Thus far, Raboo has raised over $1.2 million, entering just Stage 3 of its presale, which indicates a groundswell of support for the new meme coin with unique AI and SocialFi features. One of Raboo’s major draws, other than being a new meme coin, is its SocialFi post-to-earn mechanic, rewarding users for creating and distributing memes using Raboo’s AI generator. This incentivizes holders to engage and grow the Raboo community.
Analysts are bullish about the new meme coin and its growth prospects. Early investors will be in line to gain 233% in programmed token price increases and a potential 100x gain once the new meme coin launches on exchanges worldwide. Raboo is, without a doubt, one of the best presale investment opportunities of 2024.
Conclusion
PancakeSwap’s CAKE hasn’t exactly set the world alight in 2024. Uniswap, meanwhile, will need to pick up the pace after losing a good deal of its gains in March. Between CAKE, Uniswap, and new meme coin Raboo, Raboo is best positioned to turn in substantial gains in 2024. Its status as a low-cap gem in its presale phase gives it a legitimate shot at breaching 100x this year. With the broader crypto market already showing signs of recovery, Raboo is the clear-cut choice.
You can participate in the Raboo presale here.
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.