Raboo stands tall among the new tokens that are in their presale period. The rest of the altcoin market is failing, but Raboo is impressing.
The altcoin market is in a state of disarray, with most altcoins hitching a ride on Bitcoin's rally. Ripple holders are keeping an eye on the Bitcoin price to gauge the possible direction of the XRP crypto price, especially with the upcoming token unlock.
In the case of Shiba Inu, no one seems to want the meme coin, with Binance and several whales reportedly considering new projects.
It's not hard to guess where their attention is headed, as Raboo ($RABT) is making waves among new tokens currently in their presale phase. While the rest of the altcoin market flounders, Raboo is turning heads.
Ripple holders record losses as fresh XRP floods the market
Ripple's drawn-out legal battle with the SEC has caused some friction among whales over the past week. The XRP crypto price has been at a relative standstill all year, and the lack of bullish trends has left many holders wondering if Ripple is a poor investment.
One of the main drawbacks to holding XRP tokens at the moment is the potential expansion of the coin's supply in July. Ripple will be releasing around a billion tokens in the coming days, and investors are concerned that the additional tokens will lead to a bearish movement in XRP's time frames.
These tokens are typically released by Ripple and are set to continue until January 2025. While the unlocking will mainly affect short-term price actions in the altcoin market, there are no major gains on the horizon for Ripple, especially with most traders trading at a loss. FX Street analysts have predicted a 3.5% dip from its current price of $0.47 to around $0.45.
No one wants Shiba Inu
It's quite amusing to think that the 'Dogecoin killer' is a coin that most people want nothing to do with. Shiba Inu has been trying to ramp up its projects for nearly two years, but a lack of interest has been slowly creeping up on the meme coin.
According to AmbCrypto, the SHIB crypto price will have a hard time climbing out of its current bearish trends. On-chain data shows that both retail investors and whales are decreasing their Shiba Inu holdings.
Retail investors sold around 31% of their SHIB tokens amid the decreasing trading volume on the platform, and even Binance is delisting several trading pairs, including SHIB/TUSD. The Shiba Inu tokens are in a sticky situation, with the altcoin market still in turmoil and its whales heading for the exits. The SHIB crypto price is down 4.89% on weekly time frames and 37% over the past month. On the bright side, there's a more promising meme coin on the way.
Raboo: Meme coin fun, dream profits, and member welfare
Meme coins hardly ever launch with a clear roadmap, since all they do in the crypto market is churn out memes. So Raboo's AI innovation came as a surprise to most traders, who thought meme coins were incapable of playing the real-world use case game.
Two things set Raboo apart from every other meme coin on the market: the Rabooscan software and Raboo's tokenomics. Rabooscan is an artificial intelligence interface that scours social media platforms for images, videos, and GIFs.
The project's way of entering the generative AI market is through Rabooscan. Additionally, the $RABT tokenomics are a testament to Raboo's dedication to long-term sustainability. The presale gives 63% of the tokens to the community, and they can access another 7.5% in the form of rewards for contributing to the meme-making process.
Out of 1.8 billion tokens, Raboo has earmarked 2.5% for burning. Deflation is a trend among meme coins, where they 'burn' some of their tokens to create scarcity and drive up the $RABT coin price.
Conclusion
A meme coin in presale is rarely ever complete without its ROI; the $RABT presale is set to yield 233% profits this summer and has already gone up 60%.
Raboo is also preparing for a 100x surge when the token hits major exchanges. Don't miss your chance to join the presale and start earning your free tokens!
You can participate in the Raboo presale here:
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
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