Meme Coin Mania: Jasmy and Raboo Leap Ahead, As Shiba Inu Lags In The Crypto Sprint!

Latest on meme coin mania: JASMY and Raboo continues to grow stronger, while Shiba Inu experiences a lag.

2024 has been a year for the memecoin market. Many new meme coins have been emerging and existing coins making power moves. Investors have been fortunate enough to witness the sensational gains from coins like JASMY, Raboo and Shiba Inu. However, Shiba Inu has recently experienced a lag in the crypto sprint.

Raboo is the newest meme coin in the market. Although it is yet to launch and still in its presale token, it is already making waves and showing great investment opportunities.

JASMY: 75% growth in June puts smiles on investors 

The price of JASMY increased by 75% between May 30 and June 4. Owing to this sudden upswing, investors in JASMY may decide to book profits, which would cause a retreat. Furthermore, the higher highs that have developed since June 1 do not match the lower highs for the same period in the Relative Strength Index (RSI). This phenomenon, known as a bearish divergence, frequently results in a trend reversal or a brief correction.

Should this selling pressure continue, the price of Jasmy may break through the $0.0367 weekly support level and retest the $0.033 support level, which represents the midpoint of the 75% rally that took place between May 30 and June 4.

JASMY is currently trading at $0.038 with a decrease of 1.96% in the last 24 hours. However, its investors are still confident that it would regain upward momentum.

Shiba Inu remains a top meme coin despite recent lags

Despite its recent lag, Shiba Inu is still a top meme coin. In just two weeks, big investors sent a staggering 4 trillion SHIB to exchanges. Nine wallets spent a total of $35.2 million earlier this month to purchase 1.35 trillion SHIB tokens in a single 12-hour period. Notably, cryptocurrency whales own two of the nine wallets.

Additionally, on June 5, a credible source revealed that an Ethereum whale had paid $18.44 million for 715.9 billion SHIB. These exchanges demonstrate the increasing demand for memecoins, particularly Shiba Inu. The ICO coin has been experiencing serious fluctuations in the past couple of days. Shiba Inu is currently trading at $0.000023 with a 1.08% increase in the past 24 hours.

Raboo continues to convince investors of its potential 

The goal of Raboo, the newest popular meme coin, is to unite meme enthusiasts worldwide. Token holders are incentivized to engage in entertaining meme-generating activities through the integration of artificial intelligence and social-fi elements.

Raboo gives investors the chance to profit as they do tasks and take part in activities that advance the project. The gained rewards are then exchanged for actual currency. Tokens can be earned by Raboo holders without waiting for a launch date. All they have to do is take part in challenges every day.

Raboo launched its presale token price at $0.003. The project is now in its Stage 4 presale and is selling for $0.0048 per token. Experts forecast that it will be the most lucrative meme coin driven by AI in 2024. It is also tipped to grow by 233% during the presale and 100x on launch day. Early investors are said to benefit the most from this growth.

Conclusion

Meme coins are growing to become the most sought after, with projects like JASMY and Shiba Inu. Raboo even before its launch has proven to be a trustworthy memecoin, with lots of potential. It has caught the attention of investors worldwide, hence its increase in the number of presale tokens.

Find out more information on Raboo presale here.

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