Crypto News: Shiba Inu Could Face Mass Resignation, Raboo Pumps and ALGO Nearly 100% Down From ATH

Bitcoin's consolidation continues to be the hottest trend on crypto news. However, three other coins, Shiba Inu (SHIB), Raboo ($RABT), and Algorand (ALGO), are also making headlines for different reasons. ALGO is down nearly 100% from its ATH, with no signs of recovery, while Shiba Inu could also see a devastating fall as investors plan to exit the project.

Meanwhile, investors are keying into the AI trend and shifting their focus to the best AI cryptos like Raboo. With a booming presale expected to deliver more than 200% gains to investors, the $RABT is blazing and making headlines for ALL the right reasons.

Shiba Inu: Investors lose interest after continuous lows 

Shiba Inu has continued to endure massive investor dumping. The once-beloved meme coin is not having the best of times on the price charts right now, having declined 31% over the last month. Hence why it’s come as a surprise that many investors have decided to dump the sinking ship, or so it seems.

The only thing that can save Shiba is renewed investor interest. With this, it could reach $0.000028, a level it held in April. If this fails, Shiba Inu could have a very rough summer ahead causing it to lose all the profits it has accumulated since February this year.

With the new wave of meme coins hitting the crypto market, it is clear that Shiba Inu is past its glory days and is now retreating into the shadows. Attention is now on Raboo, one of the best AI cryptos in the market, leaving meme coins like Shiba Inu in the dust.

ALGO price down almost 100% from ATH

When the crypto market experiences dips, it is usually seasoned L1s and L2s that remain profitable regardless of market conditions. This line of thought may have spurred Algorand investors to pour money into the L1 coin, believing it would deliver gains as it did in 2021.

However, ALGO has yet to recover from its post-2021 dips, as it is still 95.8% down from its ATH of $3.28, trading at $0.148. If the bears continue to take over ALGO, analysts predict it could fall a further 25%, eroding any year-on-year earnings investors could have made.

Experts are yet to identify any glimmer of hope for the Algorand project, and it's the bears who continue to have a field day on the project.

Raboo surprises the crypto market with a stellar presale 

While many crypto projects are currently bearing the brunt of Bitcoin's long consolidation, Raboo is dazzling investors with an exceptional presale, raising almost $2 million within a short time. This AI meme coin is taking over the market with incredible utility, and its investors are already positioned to take profits.

According to Scan Masters, the SocialFi market will be worth $9.5 billion by 2031, which is 4 billion dollars more than it was worth in 2023. Raboo is prepared to take a slice of this SocialFi cake and give its investors huge ROIs.

By empowering its community to create and earn from memes, Raboo wants everyone to enjoy SocialFi. Users can post these memes on social media via Raboo's Post-to-Earn platform and earn $RABT tokens.

But wait, the community has yet another thing to gain from Raboo, 135,000,000 $RABT tokens have been put aside for in-game rewards. Meaning there’s even more rewards for active participation in the Raboo community.

The coin is bearing brighter profit prospects than altcoins like the Shiba Inu and ALGO, both of which are presently bleeding.

Conclusion

While Shiba Inu is coping with a massive investor dump, ALGO is battling to survive before it completely bleeds out. On the other hand, Raboo is enjoying a great presale and impressing the market with its unique features.

For just $0.0048 per $RABT, you can grab this token now in its fourth stage of presale.

You can participate in the Raboo presale here:

Telegram: https://t.me/RabootokenPortal 

Twitter: https://twitter.com/Raboo_Official