As Cardano (ADA) approaches a bearish half-year and massive meme coin sell-offs plunge the market deeper; a bearish season may be in the offing for investors and whales. Yet, as usual, meme coins like Brett (Based) and newcomer AI meme coin Raboo are leading the charge and offering high profits for investors. While Brett has offered a few profits in the past, the selloff is now telling on its price movements.
With Raboo green all over and recording riveting presale successes, it goes without saying that ADA and Brett investors may have found their new catch.
What you'll learn 👉
Cardano trades below $0.39 as whales ignore ADA
Cardano has recently declined sharply to settle around $0.39, marking a challenging period for its investors. The continued decline has caused a streak of unrealized losses, reflecting a downturn in the ADA price trajectory.
The Global In/Out Trading Index reflects that with 3.31 million addresses now “out of the money.” It’s evident that a substantial portion of investors bought ADA at higher prices, now facing negative returns.
Approximately 74% of all ADA-linked addresses are currently facing losses, underscoring the widespread impact of the ADA price decline on its investor base. This reflects and paints a grim picture of significant market turbulence and caution among holders as Cardano navigates its current valuation challenges.
Usually, ADA has been a major beneficiary of heavy buy-ins from whales, but this doesn’t seem to be the case. The whales are testing new waters now.
BRETT surges amid new partnerships before diving to previous levels
Brett surged 14% to become one of the top crypto gainers three months after its launch. The cryptocurrency has also reached the position of the 58th largest crypto asset, boasting a market cap of over $1.5 trillion. Despite this impressive growth, Brett remains 21% below its all-time high of $0.1939.
The recent price surge followed an announcement by KuCoin on June 25 about a Twitter Space fireside chat with the Brett team. However, the bullish momentum appears to be fading, as Brett has declined by 8% recently. For all its potential and bull run, Brett is running out of steam and unable to deliver as expected.
As the momentum for sell-offs reaches a decline, it’s unlikely that Brett investors will hang around for much longer. Not when Raboo is delivering 233% ROI after launch and offering a huge reward bank. But, truly, how much can Raboo offer Brett investors?
New AI Meme Coin, Raboo leads the charge for meme coin resurgence
It’s the survival of the fittest now, and Raboo is proving to lead the charge to rejig confidence in meme coins. Raboo’s vision to purge the meme coin market has gone beyond just cleaning up tacky memes and raising the standards for meme coins. Now, it must save the day and defend the integrity of meme coins, and Raboo is doing a great job already.
With over 2,500 investors locking in almost $2M in presale volume, Raboo is restoring investors’ confidence in meme coins. Through its generative AI, Rabooscan, Raboo collaborates with its growing community to purge the meme coin sector and create refreshing and high-quality memes. Using the post-to-earn platform, the users post meme-worthy content on their social media, and Rabooscan generates top-quality memes from these accounts.
For every content Rabooscan uses in meme generation, there’s a reward token for the user from the 135M $RABT token bank available for grabs. Raboo’s quality assurance team ensures that only high-quality memes get into the mainstream meme-iverse.
Brett and Cardano whales understand what this could mean for their portfolios, and now they’re jumping into the Raboo train. With all the amazing prizes and use cases, the pertinent question you’d ask is, why not?
Conclusion
At Stage four of its presale, with almost $2M worth of Raboo tokens sold, Raboo has been tipped to become the biggest meme coin out of 2024. Investors and whales stand to earn 233% ROI on their tokens after launch, and there’s a huge reward bank for content creators.
You can participate in the Raboo presale here:
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