It’s the month of August and the question is which coin will be crowned the best performer in the month between Cardano, Raboo ($RABT) or Ondo. While Cardano and Ondo are currently trading red, things could possibly turn around before the end of the month. Raboo, however, has already proven that only good things can happen. Although the AI meme coin is yet to launch it has already provided a means to earn. Its growth is another proof of great possibilities. Raboo can potentially be placed among the top cryptocurrencies of 2024 if it continues in this direction.
Cardano starts the month with a price drop
Over the previous four months, Cardano (ADA) has seen a significant decrease. From its peak in March, its price had fallen to a low of $0.4479 by April, and then by 18% more to its current price of $0.374. This precipitous drop demonstrates the persistently pessimistic market attitude. Cardano has recently seen some improvement, but it is still well below its previous highs. The increasing negative funding rates indicate that top trading platforms such as OKX and Binance are still under significant selling pressure. These rates imply that the trend is still bearish.
Technical indicators, meanwhile, show Cardano’s future prospects poorly. The price has fallen 2.82%, and there is a chance that price drops will continue if nothing changes. Cardano price is trading below the 200-day and 50-day exponential moving averages (EMA), exhibiting a sequence of lower highs and lows. The critical support level is approximately $0.30. Should bears have the upper hand, ADA might drop to its annual low of $0.3165 and from its ranking in the top 20 cryptocurrencies of 2024.
Ondo continues on a downward trend
In the past, Ondo’s yield-generating stablecoin, USDY, and lending platform, Flux Finance, have drawn in investors and holders. Ondo gained recognition in the cryptocurrency sector by expanding access to interest in cryptocurrencies through financing and stablecoin offerings.
Nevertheless, despite the current surge in interest in DeFi, the price of the Ondo cryptocurrency coin has dropped by 7.3% over the last week and 8.75% in the last 24 hours. Ondo is now trading at $0.8743. Analysts claim that from the beginning of June, Ondo price charts have displayed a slide beneath descending resistance, which culminated in a $0.86 low earlier this month and led Ondo to break out of the $0.95 horizontal area.
Raboo’s potential ROI attracts more investors
Raboo has been the most talked-about meme coin in the cryptocurrency space. Raboo is a new meme coin that seeks to unite knowledgeable cryptocurrency investors as well as crypto newbies. Its objective is to build a community where meme coin enthusiasts can profit from their content and receive incentives for participating in various activities. The community is designed to help you network with industry experts to gain knowledge about the meme sector, making it a great place for beginners to begin their crypto journey.
Raboo has enormous value. This presale cryptocurrency’s starting value was $0.003, which has greatly increased since, as $RABT tokens now sell for $0.0048 in the 4th stage of its presale. This price will increase even further post launch. Experts estimate that the coin’s price will rise by 233% during its current presale, demonstrating the enormous potential of this coin.
There are now over 3,000 Raboo token holders, and more than $2 million has been raised. It is predicted that this coin will soon lead the meme coin market and place among the top 20, and there are many indicators in favor of this assertion.
Conclusion
Several coins are in the race to be crowned August’s top performer, these include Cardano and Ondo. While they are both popular coins, on the top of the list right now is Raboo, a new meme coin still in its presale. Now is the ideal time to purchase this coin. It is guaranteed to provide a superior return on investment compared to many other options.
You can participate in the Raboo presale here:
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