The meme coins are back in the mix, as the top altcoins attempted to cause a bullish price reversal in the crypto market. Shiba Inu's token burning and Shibarium's new milestones might be sufficient to sustain the trend, while Pepe looks to overtake the Dogecoin killer very soon.
It could all take a dramatic turn when Raboo ($RABT) launches right in the middle of the bull run. The top crypto coins are chasing their ATH prices, but analysts agree that $RABT's presale is going to eclipse that.
SHIB and PEPE are not ready for Raboo's smoke.
It's no news that the Shiba Inu token has struggled for gains in the second quarter of the year, as its last remarkable spike was in March. The platform looked to have resigned to fate in May and June, as its bearish conditions seemed rather long-term.
But you can never really write off a meme coin. The news of Shibarium's new milestones has sparked hope in the Shiba Inu network. The L2 blockchain recorded over 420 million transactions, and its active wallet addresses have passed 1.8 million. The past day has also shown a 100% increase in daily transactions, and the SHIB crypto price is looking to cancel its losses soon enough.
Shiba Inu is on a 0.79% loss in the past week, and the next question from traders is whether the token can go all the way to resetting its ATH before Raboo. Not very likely.
PEPE has had the run of the quarter, as the PEPE crypto price went neck and neck with top DeFi coins before the June dip. PEPE was on day-on-day profits throughout May, eventually setting and resetting its ATH price during that time.
Meme coin prices have been heavily correlated with Bitcoin, but the decline from the top token has gone on for too long. The meme projects are leaning towards their strengths, and PEPE will be looking to leverage its social media standings to oust Shiba Inu from its ranking.
While SHIB looks to Shibarium for upward momentum, PEPE is purely memetic, and that leaves a lot to chance. For PEPE, reaching its ATH is one thing; flipping Shiba Inu, on the other hand, will require a 200% spike.
That's upward momentum PEPE can't seem to attain just yet. And for traders, the crypto market is too sentimental to place all your hope on a coin that's subject to market sentiments.
It's a common mantra among crypto specialists to avoid meme coins, mainly for their lack of or inadequate utility. This holds true for a lot of the previous launches, but Raboo is joining the meme coins and providing some utility in the crypto-verse.
What utilities? Memes, and it's memes in their most classical form. The meme market now is filled with irrelevant, unrelatable, and repeated memes. They are so much it has taken the lure out of anticipating memes, and that's Raboo's first challenge.
Well, Raboo intends to approach the situation with brute force of its own. And the first step was to get an AI program in the project. Rabooscan is a generative AI tasked with ‘looking’ for the memeable content that will eventually become Raboo's memes. And because the project revolves around its community’s interests, the AI will generate memes using the Post-to-Earn feature, where users can post anything meme-able and receive rewards!
With a horde of picture, video, and GIF content to pick from, Raboo presents an easier solution to meme-making. This time, the only result is high-quality memes that are funny as well as relatable and, more importantly, do not repeat.
Raboo's mission extends to offering profits, too. The meme coin is as profitable in the short term as it is in the long run, but, of course, holding your $RABT tokens long-term is always a better-recommended tip.
The presale is almost over, and $RABT tokens are going for $0.0048, already 60% within a 233% ROI expectation. Raboo tokens are expected to hit a 100x surge when they list on a major exchange.
Your $500 investment in the presale, could very well become $50,000 within a few months! So what are you waiting for?
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