Meme trends have had a significant impact on crypto investor behaviors in the last couple of years. By going viral, they’ve made meme coins, once joke tokens and worth little, serious considerations for crypto portfolios. That’s why there’s interest around meme coins like Dogwifhat (WIF), and Raboo (RABT) over THORchain (RUNE).
Investors are especially attracted to Raboo because of its tremendous moon potential. While in presale, $RABT has already made a 60% price gain. Since it’s yet to get on crypto exchanges, there is chatter that it could make a 100x gain before the year runs out. It’s not a surprise it’s an investor magnet.
What you'll learn 👉
Are crypto traders losing interest in RUNE?
THORchain is a liquidity protocol that helps crypto traders swap tokens across several blockchains. It’s basically a decentralized exchange platform that is governed by its native currency, RUNE.
RUNE has had a decent performance for the most part of the year, shooting up to $10 in early March. However, the token has since tanked, and is struggling to reclaim those highs. RUNE currently trades around $6.20, having gone through numerous corrections in the last fortnight.
Furthermore, RUNE’s daily trading volume has dropped to $100 million levels, a far cry from the $500 million it was in March. This suggests that investors are leaving the project for other coins, although RUNE’s market cap remains $2 billion strong.
Dogwifhat price is going through corrections
Dogwifhat became a prominent token by leveraging crypto meme trends. Launched on Solana, it has had an amazing price run- which started when an investor bought $9 million worth of WIF in its early days.
After hitting an all-time high of $4 in early April, the Dogwifhat price fell to $2. It has since bounced back to the current price of $3.27, but it has gotten more volatile. That’s because WIF went through several corrections over the last fortnight and is down 5% on the weekly chart.
There wasn’t a significant change in WIF’s daily trading volume, so the volatility and corrections could be down to anything. However, meme trends could play a role in the change and could boost the Dogwifhat price in the near future.
Newly launched token Raboo dominating meme trends
Raboo is a new crypto project that is already dominating meme trends. That’s because it doesn’t just employ a playful meme theme. It mixes the meme culture with SocialFi and artificial intelligence, which is quite rare.
The result is a throbbing hub of crypto meme lovers. Here, users can connect and participate in incentivized community activities, and earn rewards as a result. This comes in the form of crypto tokens, a share of the fees generated by Raboo, as well as access to NFTs crafted by the project’s proprietary AI tech.
In essence, Raboo is creating a strong vibrant community, which is mandatory for the success of any crypto token. This is why it is dominating meme trends. It’s also the reason its presale is an investor magnet.
It has raised over an impressive $1.6 million from the public, with more funds pouring in. The $RABT token, available for $0.0048, has increased by 60% during the presale. Experts predict it will make a 100x gain or more once it lists on exchanges.
Conclusion
RUNE holders are pivoting to WIF and Raboo, two meme coins riding the meme trend. However, Raboo is outshining WIF due to its superior use cases and potential. It’s still in presale and tokens are selling out fast. Don’t miss your last chance to be in at the start!
You can participate in the Raboo presale here.
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