The altcoin market is messy right now. Most altcoins depend on Bitcoin for a rally. Ripple holders monitor the Bitcoin price to see where the XRP crypto price could be headed, especially with the latest token unlock. In Shiba Inu’s case, no one seems to want the meme coin as Binance and many whales are considering new projects.
It can’t be too difficult to guess where their attention is directed, as Raboo ($RABT) stands tall among the new tokens that are in their presale period. The rest of the altcoin market is failing, but Raboo is impressing.
Ripple users record losses as fresh XRP floods the market
Ripple’s elongated legal battle with the SEC has caused some strife among the whales in the past week. The XRP crypto price has been at a relative standstill all year, and the lack of bullish trends leaves many holders thinking Ripple might be a poor investment choice.
One of the main downsides to holding XRP tokens now is the possible token supply expansion in July. Ripple will release about a billion tokens in a few days, and investors are worried that the added tokens will cause a bearish movement on XRP’s time frames. It’s traditional for Ripple to reel out these tokens, and they are scheduled to keep coming till January 2025.
While the unlocking will mostly affect short-term price actions in the altcoin market, there are no serious gains forthcoming for Ripple. Especially not while most traders are trading at losses. FX Street analysts predicted a 3.5% dip from its $0.47 to about $0.45.
No one wants Shiba Inu
It’s quite mellowing to think that the ‘Dogecoin killer’ would be a coin that most people don’t want anything to do with. Shiba Inu has been trying to increase its projects for almost two years, but the lack of interest has been crawling up slowly for the meme coin.
According to AmbCrypto, the SHIB crypto price will struggle to climb out of its current bearish trends. On-chain data reveals that both retail investors and whales are reducing their Shiba Inu stashes. Retail investors sold about 31% of their SHIB tokens amid the falling trading volume on the platform, and even Binance is delisting several trading pairs, including the SHIB/TUSD.
The Shiba Inu tokens are in a difficult place, as the altcoin market is still in turmoil, and its whales are leaving. The SHIB crypto price is down 4.89% on weekly trends and 37% over the last month. But on the positive side, we have a more vibrant meme coin coming.
Raboo: Meme coin fun, dream profits, and member welfare.
Meme coins rarely launch with a clearly defined roadmap, especially since all they do is produce memes in the crypto market. That’s why Raboo’s AI innovation surprised most traders; who thought meme coins could play the real-world use case game, too?
Two things set Raboo apart from every other meme coin out there: the Rabooscan software and Raboo’s tokenomics. Rabooscan is an artificial intelligence interface that scans through the social media platforms for pictures, videos, and GIFs.
Rabooscan is the project’s way of placing its stake in the growing generative AI market. Additionally, the $RABT tokenomics is an indication of Raboo’s commitment to long-term viability. The presale offers 63% of the tokens to the community, while they have access to a further 7.5% in the form of rewards for contributing to the meme creation process.
Out of 1.8 billion tokens, Raboo has set aside 2.5% for burning. Deflation is a trend among meme coins where they ‘burn’ some of their tokens to induce scarcity and raise the $RABT coin price.
Conclusion
A meme coin in presale is rarely ever complete without its ROI, the $RABT presale is tipped for 233% profits this summer and is already 60% up.
Raboo is also readying for a 100x surge when the token hits major exchanges. Don’t miss your opportunity to take part in 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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