Are you looking for the best coin to invest in in 2024? You are not the only one. The cryptocurrency market is home to numerous opportunities, identifying them, however, may be difficult. While Injective and Bitcoin are top coins, now might not be the best time to invest in them. Ranking as one of the best investment options this year is Raboo, a new AI meme coin. The project is packed with numerous amazing features, aiming to foster an engaged and vibrant community. Keep reading to find out more.
What you'll learn 👉
Injective: can the bulls stay in control?
A tweet from the official Injective account states that the most recent article from INJ offers a detailed explanation of genesis, distribution and vesting schedule. In 2020, 100 million Injective tokens were distributed across different categories in order to maintain community involvement and balanced growth. But by 2024, all of Injective supply was in use, which was a big step forward for Injective.
After repeatedly pushing the $45 resistance, the Injective price surpassed and hit $52.50 by mid-March 2024, up 7x from the key demand zone at $7.5. By mid-April, the price had declined, it had a lower bottom, and was back at the $20 support level.
Furthermore, the price surged 6.6% this week from the $21 crucial support. Even after a 56% decline from its high in March, INJ has held the 44th position on Coin Market Cap. Its trade volume, which exceeds $90 million, is noteworthy.
Bitcoin price dips to $60K
Earlier last week, Bitcoin was unable to surpass the $62k resistance, which spurred concerns about possible future swings in the cryptocurrency market. However, investors seem to be remaining cautious in light of the recent unstable conditions observed in the cryptocurrency market as a whole, let alone the price of Bitcoin.
While a Bitcoin decline to $50,000 is possible. Analysts think the market will probably find strong support at this point. They contend that there is still a lot of interest in traditional finance, which is bolstered by global regulatory easing that may have stabilizing effects.
Raboo’s impressive growth attracts more investors
Raboo is a new AI meme coin that was created not too long ago, and is still yet to launch. However, all signs point to it being one of the best coins to invest in 2024. Since launching its presale, Raboo has accumulated nearly $2 million in liquidity. Its presale starting price was $0.003, but has quickly elevated into Stage 4 and is selling at a bargain price of $0.0048, which is a decent 60% gain for early investors.
Even in the presale phase, the newly created AI meme coin already has 10,000 registered users, which is simply incredible. This indicates that a significant portion of the population now recognizes Raboo as the greatest coin to buy right now.
And what more could Raboo do to amaze us now that it has accomplished so much in such a short period of time, even in its presale phase? Well guess what, analysts predict that Raboo will increase 100x at launch.
Conclusion
Raboo is clearly here to stay, as seen by its continued success. It is unquestionably the best coin to invest in because of its amazing presale coin price and quickly expanding community! Raboo offers investors a new and exciting chance while Injective and Bitcoin struggle. Don’t sleep on it, get involved.
You can participate in the Raboo presale here.
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