Delighting many investors, Shiba Inu and Dogecoin are back in bull mode again after hitting new monthly highs. With meme coin momentum picking up steam, some have found what they think could be the next crypto to explode: Raboo. So how will these three projects fare over the coming months? Read on to find out.
Shiba Inu’s burn rate leaps 33,800%
After a launch in 2020 inspired by Dogecoin, Shiba Inu has become one of the best-recognized meme coins around. Initially an under-the-radar moonshot token, Shiba Inu has since developed an unshakeable spot in the meme coin market. It’s built an impressive ecosystem, including a decentralized exchange, NFTs, a Play-to-Earn mobile game, and even a Layer-2 scaling solution.
These features have helped fuel continued interest in Shiba Inu, with its deflationary token burns adding to bullish sentiment. So far, around 41% of all tokens have been removed from circulation.
After a 23% increase in a single day in late September, some speculated that it was due to a massive increase in the SHIB token burn rate, which jumped 33,800% over 24 hours. That’s helped SHIB notch a 32.2% rise over the past four weeks. Now, after breaking above July’s high at $0.0000193, worth $0.0000184 today, some think SHIB could be due for another leg higher.
Dogecoin’s new Trailmap triggers DOGE breakout
Even with tens of thousands of competitors, it’s hard to dispute that Dogecoin is the king of meme coins. It’s still going strong as the 8th most valuable crypto right now, with a market cap of $17.6 billion and priced at $0.1206.
Like Shiba Inu, DOGE has been moving higher in September, up 18.8% in the previous 30 days. Many have pointed to the unveiling of a “Trailmap” in early September as a key catalyst for recent DOGE bullishness. The Trailmap lays out the Dogecoin Foundation’s goals of making DOGE more scalable and accessible as a form of payment, including tools for merchants and social platform integration.
While not above its July high like SHIB, renewed positive sentiment after a month-long trough signals a further breakout is due.
Raboo zooms past $2.5 million amid 100x speculation
It’s clear that sentiment around meme coins is picking back up, and it couldn’t be more visible than in Raboo’s moonshot presale. $RABT is up 90% in its ongoing presale, reaching the 5th stage after a flood of more than $2.5 million poured in. Now, analysts are forecasting a potential 143% spike before the presale concludes, while some estimate $RABT could 100x when it’s listed on exchanges.
Similar to Shiba Inu, Raboo is focused on building an ecosystem packed with value. It includes regular contests that see $RABT investors generating and sharing memes on its Post-to-Earn model, using Raboo’s AI-powered meme creator for a shot at hefty rewards.
There are also generous staking rewards, an NFT project, and a token-burning mechanism that could create the kind of frenzied price action seen in SHIB. Worth just $0.0057 right now, Raboo’s low entry point has attracted plenty of investors looking to load up on what might be the next crypto to explode. The presale is gaining momentum, and many speculate $RABT could outperform DOGE and SHIB this year—check Raboo’s ICO out before tokens sell out.
You can participate in the Raboo presale here.
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