Polkadot’s massive drop since March has continued to plunge its crypto coin price into deeper red, and DOT, with all its promises, is delivering below its potential. Many indications point to a drop in user demand and less sales volume, causing investors to look out for better alternatives.
The new AI meme coin, Raboo, has crossed the $2 million presale threshold and has attracted a variety of investors to its offerings. Investors of DOT, ONDO, and many others queue behind the new market favorite.
Read on to find out more.
What you'll learn 👉
DOT’s June drop haunts its crypto coin price
With a 5.97% drop in the past week and a predicted bear run for the Layer-0 giant, Q3 of 2024 is looking a bit unfavorable for DOT. Analysts attribute this downtrend to its network activity, which has suffered an even deeper plunge. This massive drop in user demand in June led to a 15% month-over-month decline in active addresses and other parachains.
When coin transfers on parachains increased from 10% between May and June 2024, the market predicted a bullish reversal for DOT. But this is far from the case, as the effects of the June plunge are still very much in play.
Worse, DOT’s Relative Strength Index (RSI) stands at 42.32 and suggests a potential bearish run in the coming weeks. The RSI demonstrates that DOT tokens are getting more sold than accumulated in the market. The gloom in the DOT ecosystem is far from reassuring at the moment.
ONDO delivers below its potential
Ondo’s lending platform, Flux Finance, and its yield-generating stablecoin, USDY, have combined to pull in investors and holders in the past. By enhancing access to crypto interest through stablecoin offerings and lending, Ondo built a reputation in the crypto market.
However, the past week has seen a 8.89% drop for the Ondo crypto coin price despite the recent spike in interest in DeFi. According to analysts, Ondo price charts have, since the start of June, shown a decline under a descending resistance, culminating in a $0.86 low earlier this month, causing Ondo to break down from the $0.95 horizontal area.
The bearish sentiment around Ondo leaves its holders with no option but to seek out better alternatives. Now, they’re on to the new market favorite, Raboo.
Raboo’s presale hits $2 Million: A sign of more to come
With $2 million raised so far in its presale, Raboo has been well-received by the crypto market. The reason is not far-fetched: Raboo’s combination of memes, content creation, Post-to-Earn, AI, and community building is a blockbuster move that continues to win hearts.
The generative AI market is primed to hit $1.3 trillion in the next ten years, and $RABT holders are about to become some of the biggest beneficiaries of the industry. Rabooscan, Raboo’s AI tool, has been programmed to collect memeable content, whether pictures or videos, posted by users and generate high-quality memes from them.
Users whose contents are selected are entitled to free $RABT rewards earmarked for the purpose, meaning there’s more than enough for everyone! Raboo is currently in its presale phase, with an estimated 233% price uptrend during its presale and a 100x price jump after listing on major exchanges.
Raboo: Turn your finances around!
Raboo presale momentum picks up as investors queue behind the newest high-profit project in the DeFi space. They are posturing to take advantage of the predicted 233% ROI price jump during its presale and 100x ROI after the AI meme coin lists on major exchanges.
With Raboo, your $100 could become $10,000 within a matter of months, and many more benefits in view. $RABT tokens are currently selling for $0.0048 in Stage 4 of its presale, 60% up from its Stage 1 price. This is one you’ll regret missing!
You can participate in the Raboo presale here.
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