It's Time To Put The Leash Back On, As DOGS And Dogecoin Continue To Trend Downhill

Trending news in the crypto space for some past days has been mostly about DOGS, Dogecoin and Raboo. DOGS is a newly launched crypto that has already started making waves. Dogecoin, however, has been on a downward trend for several weeks. 

Providing comfort and assurance of good returns is Raboo, a new AI meme coin. Despite still in its presale phase Raboo ($RABT) has proven to be a good opportunity. Its innovative features are a major attraction. It now has over 11,000 registered users and over 3,000 token holders. It is without a doubt one of the best altcoins to invest in in 2024. 

DOGS surges upon launch 

DOGS is a newly launched TON meme coin and is one of the most trending topics in the crypto space at the moment. It has already debuted on Binance and other major crypto exchanges. Within hours of its listings on Binance, DOGS experienced a drastic price surge of 150% from its launch price of $0.00054. DOGS also recorded a mouthwatering $2 billion trading volume on its launch day, which is proof of the excitement and speculative interest surrounding multiple listings.  

DOGS reached its current all-time high of $0.001644 only two days ago after posting consecutive gains within just a few days of going live. Unfortunately, after the initial spike was a sharp correction with the $DOGS price hovering between the $0.00121 and $0.00128 range at press time. 

The question on every investor’s mind now is whether DOGS will see a rebound in price before September or will continue its downtrend?

DOGS price prediction 

DOGS officially launched only this week and quickly captured the attention of the crypto community. Over 40 million people participated in the airdrop, reflecting the strong engagement and interest in the DOGS community. Its listings on top-tier exchanges like Bitget, Binance, MEXC and even Bybit fueled the initial price appreciation. 

Historically, any meme coin listed on the mentioned exchanges gets significant trading volume, which can lead to a price increase. It is no surprise that the trading volume reached $2 billion within the first ten hours of launch. Additionally, DOGS surprisingly surpassed major meme coins like Dogecoin, Bonk and Shiba Inu.   

Dogecoin whale net flow increases

Dogecoin is known to be one of the top cryptocurrencies to invest in. The net flow of Dogecoin (DOGE) into wallets of large holders has increased significantly, indicating strong bullish activity in the cryptocurrency market. From 67.85 million to 148.36 million tokens, equivalent to $14.84 million, DOGE's net flow surged by 118%, demonstrating significant investor interest and strategic market positioning. Understanding the sentiment of the market, especially among whales that own more than 0.1% of the DOGE supply, depends heavily on the net flow measure.

A surge in net flow typically comes before a price increase since it signifies that major holders are adding more tokens to their collection. But rather than a significant increase in inflows, it appears that a decline in outflows is the true cause of this bullish momentum. Whale wallet withdrawals decreased by 45.9% to 111.41 million tokens, whereas inflows saw only a slight decline of 5.13% to 259.77 million DOGE tokens. The fact that there is less selling pressure now may indicate that whales are holding onto their DOGE in anticipation of a bigger price surge coming shortly.

Raboo: AI powered meme coin set to dominate 

Raboo is expected to see a 233% price increase during its presale and even a 100x price increase on launch day, solidifying its position as one of the top cryptocurrencies to invest in. It is forecasted to become the largest AI-powered meme coin of 2024. Beyond its commercial goals, Raboo presents Rabooscan, a cutting-edge Artificial Intelligence tool intended to transform memes and make meme token investing entertaining and captivating. 

Raboo is one of the best altcoins to invest in 2024 because of its creative strategy, which not only engages users but also promotes having a strong community. $RABT allows users to receive regular tokens at lucrative return rates, contributing to the long-term viability of the project. Raboo intends to increase the reach of its marketing initiatives by collaborating with influential people and important platforms.

Conclusion  

With so much happening in the crypto space, investors are waiting to see how well DOGS will perform. Dogecoin has experienced an increase in net flow and investors are holding out to see if there will be a bullish take over. Raboo is still on a good wave in its presale, providing investors a chance to earn before launch. 

You can participate in the Raboo presale here:

Telegram: https://t.me/RabootokenPortal 

Twitter: https://twitter.com/Raboo_Official