It’s only been about two months since the huge bearish dip took the crypto market by storm. With Bitcoin and Ethereum out of commission, the rest of the top altcoins soon followed.
Polygon’s past week has been chaotic, with the token raking up the losses. MATIC traders are jumping ship to more profitable projects like AI meme coin, Raboo ($RABT), and SUI, which are showing bullish signs.
Let’s see how the tokens are holding up.
Polygon’s losses could take MATIC out of top altcoins list
The top crypto coins list constantly shuffles, with the most consistent gainers heading up the list while losers slip down the ranks. Polygon has been among the top trending tokens, but the MATIC price is finding profits hard to come by, and the bears might just take over.
The past week saw MATIC dip by 22.22%, falling to its support levels at $0.41. Polygon’s dip followed a spike in NFT sales and cryptocurrency exchange traffic on the ecosystem, leaving traders with one big question: why?
However, with a new transition underway, network activity has spiked on Polygon. Some analysts tip the MATIC price for a reversal in the coming days despite its notably bearish outing this week.
SUI keeps piling pressure on Ethereum and its L2 chains
Maybe token prices are not everything. The SUI token hasn’t escaped the falling market any more than Polygon has recorded profits, but the exchange token has something MATIC still lacks: popular adoption.
While Polygon has other L2 chains to compete with, SUI has won over users’ hearts since launching early this year. With the SUI token unlock coming up, analysts are expecting the SUI price to dip to a support level of $0.7 before picking up pace.
Already, SUI is making swift progress in DeFi. Its Total Value Locked is well over $600 million despite a bearish outlook for the SUI coin. Watch out for SUI’s movements.
There’s still one more, rather straightforward solution to plug the bleeding MATIC token. Raboo the meme is stepping onto the big stages.
Raboo is changing meme dynamics!
The meme coins are the current joke of the market, and it’s for a rather simple reason. Meme coins have abandoned their core missions, providing memes, and gone on ahead to chase bull runs.
With little to no utility on their platforms, many meme tokens simply launch and fade into irrelevance. Raboo is charting a different course for itself, and AI is an integral part of that journey – the developers have left no stone unturned to make Raboo a masterpiece among meme projects.
With Rabooscan, they just might have made that masterpiece. The AI is a generative algorithm that will collect meme-worthy material from all over the internet and combine them into memes that are relatable and funny.
Rabooscan already handles the hard part of meme creation, so the members of the Raboo community will be able to focus on the more creative aspects of the memes. It’s the dream place for any meme enthusiast to have fun and make some profit for their creativity through Raboo’s post-to-earn feature.
Raboo is here!
The $RABT tokens are already up for sale via the presale, and many traders from the top altcoins have taken to the presale website for some Raboo coins of their own.
Each one of them goes for $0.0048 currently in Stage 4. However, this stage is close to ending and the price will increase by 19% to $0.0057. While MATIC and SUI brace for bearish impact, you can buck the trend with Raboo here.
You can participate in the Raboo presale here.