Based on news and research from the cryptocurrency community, interest has faded in some of the most well-known cryptocurrencies in recent times. The fluctuation in the stability of coins such as Shiba Inu and Dogecoin has affected their potential to attract investors and whales. Currently, meme coins, especially Raboo, are taking over the crypto world. With an estimated 233% increase in its presale phase alone, Raboo is regarded as the best coin to invest today.
A Layer 2 solution network called the Shibarium blockchain network was built on Ethereum for the Shiba Inu ecosystem. This blockchain network has been experiencing a massive decrease in activity, with available data indicating that there has been a decrease in users' accounts. The amount of accounts that are active on the blockchain network has decreased from 677 to 133 in about 2 days. Also, the whole transaction volume of Shibarium has reduced drastically with the volume dropping to 524 from 6,353.
This massive drop in the metrics of shibarium has been said to affect the price of Shiba Inu. Experts have identified this as one of the reasons behind the recent, consistent drop in the price of Shiba Inu, which has dropped by over 7% in the past week and is currently trading at $0.00001731. This drop in Shiba Inu’s value has caused investors to move their money to better options such as the Raboo presale token.
The cryptocurrency community had long held Dogecoin in high regard and anticipated its ascent to prominence in the ecosystem. Even though Dogecoin didn't appear like it would ever reach its full potential for the longest time, Dogecoin has begun to gain some market balance. Although it has been gaining gradually over the past month, its trading volume is currently falling.
Experts are currently working hard to ascertain the cause of the 32.68% decline in trading volume of Dogecoin over the last 24 hours, and figure out how long the drop could last, as it has not been linked to a single cause.
Raboo, predicted to become the new face of meme coins in the cryptocurrency ecosystem, has a main goal of creating a cohesive, like-minded global community of meme coin lovers and enthusiasts, facilitating their communications and enabling them to make money while engaging with the community.
As an AI-powered coin, Raboo is well crafted with state-of-the-art technology and it has a goal of allowing its token holders to compete in fun activities that are meme-generated to earn rewards. By bringing in Social Fi and AI elements, it facilitates these fun activities by fostering a strong community of meme enthusiasts. Raboo provides enthusiasts with an opportunity to be involved in a community-driven cryptocurrency project that has received high praise from experts and analysts.
A lot of cryptocurrency enthusiasts and experts have weighed in on Raboo and all they had to say were splendid things, due to the impressive work done by the Raboo team in bringing forth a worthy and reliable project. Currently, Raboo has over 10,400 registered users, and in excess of 3000 token holders, additionally Raboo has raised more than $2M so far in its presale phase. These figures show how much growth Raboo has experienced in a short while. Currently, Raboo is offering a flash sale in which the stage bonus has been increased to 20% from 10% for a limited time. This is the best thing to key into the project for investors looking for the best coin to invest today.
The Holders of Shiba Inu and Dogecoin have begun to pivot their investments from these coins because their interest in holding is fading. The lack of high-profit margins in recent times is responsible for this lack of interest in holding and Raboo's presale token is offering an opportunity of stability and high profit long term gains.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.