After what seemed like the beginning of a post-bitcoin halving rally, it's been a tale of different fortunes for Bitcoin and other altcoins in the crypto market lately.
Altcoins like Near Protocol and Shiba Inu (SHIB) are struggling to keep their head above bearish waters. Still, it's a different situation with AI crypto, Raboo ($RABT) Which has recorded a 60% price surge during the first four stages of their presale.
While Shiba Inu is already a top gun in the meme coin sector, Raboo is a new project that's raring to revolutionize the meme game. Investors can look forward to exciting times on the project.
One thing that sets the most successful crypto projects apart from the rest is how they bring their unique innovations into the DeFi industry. Experts are always looking for projects like this that stand out from the crowd, and that explains all the attention Raboo is getting.
Raboo is making waves for several reasons. One of them is how the project blends technology, Artificial Intelligence, and meme culture into a delightful SocialFi ecosystem with real-world applications and rewards.
The Raboo project aims to unify fun lovers and meme coin enthusiasts in a vibrant community. Members of the Raboo community will be able to create memes with generative AI and monetize their memes.
What's more? According to Raboo's tokenomics, a deflationary measure will be in place: 45,000,000 $RABT tokens will be burned to create a bit of scarcity and drive up Raboo's value. Raboo ($RABT) started at $0.003 and has now surged to $0.0048 in Stage 4 of presales. That's 60% profits for Stage 1 investors.
The crypto market has generally had irregular movements this year. Meme coins have a reputation for surprise price spikes, but it hasn’t been all glamour in the Shiba Inu camp until recently.
Shiba Inu's resurgence started on May 27, when it recorded a daily 8.2% surge. For the next three days, Shiba Inu crypto continued to impress, rising to $0.00002933 from $0.00002432 in a 20.6% surge in three days. The past 7 days have not been good for Shiba Inu investors with the token price plunging over 13%.
While the bulls are consolidating on the SHIB altcoin price, analysts have also identified a golden cross pattern on Shiba Inu's hourly charts. This means that Shiba Inu's short-term moving averages crossed its long-term moving averages.
Overall, this suggests that there could be even more surges in SHIB's price movements. But as always, you'll never really know how these things will work out in the crypto market.
Near Protocol is a leader in the AI sector of the DeFi industry. But somehow, the project has struggled to live up to expectations for some time now. Near Protocol's current ATH was set as far back as two years ago, and since then, NEAR has barely come close to achieving such a feat.
During the March Bitcoin-inspired rally, Near Protocol enjoyed a price spike that took its altcoin price to within touching distance of the $9 mark. Although it beat the $9 resistance level, the new interest in AI cryptos was enough to help the Near Protocol keep its head above water.
The coin eventually gained momentum in mid-May, but when NEAR investors were beginning to get excited, NEAR hit a decline. In the last week, NEAR has recorded daily losses, and right now, the coin is on a 19% weekly downtrend, dropping from about $7.36 to its current $5.99.
For many analysts, there's no end in sight for Near Protocol's downward spiral as investors are already looking elsewhere for gains.
Near Protocol is battling for survival, and the blustering Shiba Inu seems to be losing steam. Raboo, on the other hand, is raring to go for even more profits.
Experts are tipping Raboo to do a 233% pump by the end of its presale. There are still a lot of profits for the taking, and with its innovative features set to delight the crypto-verse, the $RABT token will enjoy many utilities that will spike its value with time.
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