The past week was especially challenging for the top crypto coins as Bitcoin set off a profit-taking cascade. Many tokens have traded losses for the last seven days, and the top meme coins were not left out.
Dogecoin has had its second big dip in less than a month, and its whales have cooled off remarkably. Raboo ($RABT) is a likely destination for such investors.
But first, let’s see what the market looks like.
DOGE, top meme coins suffer from a bearish wave
Dogecoin has been the staple for many traders, as they only monitor the token for its surges and take profit before the token comes crashing again. Clearly, the cycle doesn’t favour DOGE whales, and they seem to have reduced their activity since the new month started.
The reduced activity could be whales simply evaluating their portfolios, however, it could also be a pause from investors who are observing the DOGE price since one of them recently transferred some 118 million DOGE tokens to Binance.
Currently, the DOGE price is still reeling from the effects of speculations. It is trading at $0.098, 1.4% less than yesterday’s rate and 7.52% down on the weekly timeframes.
Dogecoin Vs. Raboo: Top meme coin or the new project
That’s where the dilemma is at currently: will the DOGE whales stick to their investments or move over to the new meme project? The answer is not far-fetched now.
With Dogecoin firmly in the bears’ hands, the best thing is to find a new project that is very likely to break through the ranks this year. And Raboo fits the bill with its AI use cases and plans for the long term.
Dogecoin is out of commission for now, and most of the top meme coins alongside. Raboo is introducing a new order to the meme coin sector. Times are changing, and one can expect even the Dogecoin whales to move over to the new token, given their recent reduced activity.
More on Raboo is coming up now!
Raboo: AI at the head of meme coin change
Raboo’s mechanism for change is the most intriguing aspect of the project. We’ve had meme coins come in and promise the world to crypto traders, only to fade into silence when they launch–there’s a reason they are mostly called ‘Pump-and-Dump’ coins.
Well, Raboo’s is acting on its promises. The $RABT project is mainly about creating more high-quality memes that’ll enter the crypto market, which in effect, will phase out the tacky memes that have been spreading in the space for far too long. For that, the Raboo platform has to do more than usual in meme creation.
And it is. Rabooscan is going to be the brains behind Raboo’s meme success, as the generative AI will be very hands-on in sourcing memeable content from all over the internet. With a horde of multimedia material at its display, the AI will simply combine them to form creative, relatable memes.
Need $RABT tokens?
The Raboo presale is active, and while the DOGE price has been on a downturn, Raboo is navigating the bearish waves rather well. The presale is in its 4th stage, and with Rabooscan’s accelerated development (it’s in the mobile development stage already!), investors are eager to get some $RABT.
One $RABT currently sells for $0.0048, but not for long, Raboo has recently announced that Stage 5 will be priced at $0.0057, that’s 19% more than the current stage. Get yours today, and read up on Raboo’s features while you’re at it.
You can participate in the Raboo presale here.