Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Despite their recent bullish performance, Tron and Dogwifhat holders are joining Raboo’s latest competition, which offers 60k tokens.
Both Tron and Dogwifhat had been performing fairly bullish recently. Tron’s bulls drove the token up, setting it up to breach major resistance levels. On the memecoin side, Dogwifhat has been performing considerably well, as the WIF price is up 11.8% over the past 30 days.
With the top crypto coins recently performing bullish, one wonders why their holders are still actively investing in the new memecoin token Raboo (RABT). Sure, Raboo’s memecoin nature might be attractive to short-term traders, but investors are also buying into the new meme.
Here’s why.
Tron: Why is TRX up this time?
Sentiment is the main driver in the crypto market, even for the top crypto coins. And Tron is no exception to the rule. So, simply put, the Tron whales and holders are behind the token’s rise in the past week.
Their accumulation activity has driven the TRX price to its resistance at $0.14, and a breach beyond this level could see Tron chase down its ATH of $0.3. Technical analysis reveals that Tron’s Relative Strength Index has crossed the 50% level and is on the 70% mark.
A rising RSI metric indicates TRX is strongly bullish at the moment, but it might also be entering the overbought zone. ATH might be on the cards, but the overbought status might cause concern very soon.
Dogwifhat climbs the memecoin ladder
The memecoins sure stepped up this past month, and Dogwifhat has led the charge throughout the crypto market. The WIF token hit a 50% spike in less than 30 days, leaving Pepe, Dogecoin, and Shiba Inu in its trail.
The WIF market cap also got a boost from the price surge, as it hit $2.8 billion before correcting to its current value of $2.3 billion. Dogwifhat might be 52.68% below its ATH in March, but the current wave, especially from the US political scene, might be taking WIF even further. Still, given the uncertainty, more solid plans like Raboo are more appealing to traders all around.
Raboo tops memecoins with AI backing
Predictions were all over the crypto-verse at the beginning of the year regarding AI within the market, and Raboo is a crypto that will adopt AI into its utility. Away from the defi world, Raboo will be bringing AI into crypto meme creation.
The new token’s AI, Rabooscan, is a generative algorithm that sweeps and collects large amounts of memeable content from social media networks. With such material at its disposal, the program can churn out a colossal amount of memes daily.
Why meme creation though? Raboo has identified a certain disregard for the quality of memes lately, as many meme projects simply copy one another’s memes for circulation. Raboo, has resolved the issue, as its AI feature handles the memecoin creation. So, in quantity and quality, Raboo will be raising the standard of meme-making in the crypto market.
It will be a case of grow or be eaten. Projects like Dogwifhat will have to offer something more than just sentimental price movements to keep their communities, as Raboo will be on the prowl for their users.
RABT presale
The Raboo tokens are in their fourth presale stage, but the team decided that users who buy RABT tokens now will get a double bonus on their investment on the spot. That is, the 10% bonus, now 20% on the initial deposit, but only while the stage is on. RABT tokens are only $0.0048 each.
There’s also 233% ROI to be gained by the end of the presale, but the big catch is the 100x spike expected when Raboo lists on a tier-one exchange.
Interested users can participate in the Raboo presale here, or check out Raboo’s Telegram and Twitter.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
