The crypto market has been quite busy over the past weeks with a series of drastic movements. A good example is Toncoin, which has been on a downward trend over 7% down on its 7 day chart to be specific. Dogecoin has also put investors at the edge of their seat as they watch whether it will remain bullish.
However, Raboo, a new project that is yet to launch, is showing potential to be the next money maker. Its entry level presale token price was $0.003, but is now selling for $0.0042. The crypto has surpassed the $1 million sale mark, proving that investors are interested. Analysts predict Raboo could grow 100% once it launches. Read on to find out why.
DOGE: Investors Question if It’ll Sustain the Bullish Spike
Dogecoin, since its launch has grown into a significant force in the cryptocurrency space. Its vibrant community and sizable large holder inflows makes it one of the best coins to invest today. Large holder inflows grew by 582% in the first week of May, a bullish sign indicating more people are becoming confident and investing in Dogecoin. It has a $23.8 billion market capitalization.
Dogecoin, over the past 7 days has made a modest upward spike of over 4%, peaking at $0.1735. This can be traced to Elon Musk’s tweet about the coin which is known to impact Dogecoin price. The billionaire’s affiliation with DOGE is a major factor. However, it was followed by a 8% decline, as it is currently trading at $0.1582.
Analysts predict that if Dogecoin price falls below $0.16 it could retract to the $0.14 support, which could lead to a full bearish take over. This possibility has led holders of the coin to look to Raboo as a way out.
Toncoin: Doubt amongst visitors as it fails to participate in crypto rally
Toncoin is among the top 10 cryptocurrencies with a healthy $22 billion market capitalization. Although it has notably been unable to participate in the crypto rally. Which has been a cause of concern to investors.
Despite the slow price movement, it continues to play a vital role in the cryptocurrency ecosystem. Toncoin price is currently trading at $6.18 with the bulls in charge. Coinmarketcap has brought attention to Toncoin’s remarkable rise since the start of the year. The number of non-empty wallets holding TON has shot up by 110%, now 16,800.
This implied that there is still a great deal of interest and confidence in Toncoin’s potential. With yearly growth of more than 220%, TON continues to be one of the market leaders. However, investors are looking to Raboo as a more secure investment.
Raboo: The newest meme coin already providing earning opportunities
Raboo is a new AI meme coin, crafted from the finest blend of cutting-edge technology. It is promising to be the next top meme coin aimed at building a strong community of memecoin enthusiasts by integrating social-fi and artificial intelligence elements. This allows its token holders to compete in fun-filled meme generating activities for a chance to win prizes and earn rewards.
Raboo is currently in Stage 3 of the presale. Fortunately, $RABT holders do not have to wait for the launch to earn $RABT tokens and win prizes. They can take advantage of the coin’s unique social-fi model to earn extra tokens by competing in weekly, monthly, and quarterly challenges and special giveaways to earn $RABT and rewards.
Memecoin enthusiasts can monetize their social media via the post-to-earn platform. Analysts Predict $RABT could surge by 10,000% once it lists on major exchanges.
Conclusion
Dogecoin has very recently been fluctuating between the greens and reds, which has caused doubt among investors. A spike up in the crypto market is quite common, the question is whether or not the coin will sustain a bullish trend. This is the case of Toncoin price. Both coins are great, but are currently operating on uncertainties.
This has caused their holders to look to Raboo has an opportunity. The new meme coin that has turned a challenge to an earning opportunity.
You can participate in the Raboo presale here.
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