The volatility in the crypto market has been very alarming with lots of coins experiencing major declines. Among the coins currently experiencing a downward trend are BNB and Floki. While the attention of BNB holders is on the latest Rabooscan update, Floki is being dismissed as a rival coin.
Still putting smiles on faces is Raboo ($RABT), a new AI meme coin. Investors of this coin are able to earn even before it launches. This is as a result of its amazing features such as its AI integration, Social-Fi and Rabooscan. Another major attraction is Raboo’s potential for a 100x surge once it launches, making it one of the best coins to invest in 2024. Keep reading to find out more.
BNB downward trend raises concerns for its holders
Following significant changes to its executive team, Binance has demonstrated resilience and recovery potential. The value of Binance currency (BNB) first decreased following the departure of CEO Changpeng Zhao, who was involved in legal issues. In spite of this early setback, the cryptocurrency has shown a positive trend.
After a long period of decline, on August 31st, 2024, Binance Coin showed an upward tendency but didn't manage to maintain the momentum, resulting in the price of BNB to trade at $520. The general sentiment of the market is still bearish. The cryptocurrency has lost up to 0.15% of its value in the last 24 hours.
While BNB holders have been impressed by the Rabooscan update and its undeniable potential. It is difficult to totally give up on BNB since it is well-positioned in the market. BNB is anticipated to maintain its dominant position in the cryptocurrency market, and has the potential to become even more useful for its users.
Floki puts doubt in both investors and analysts
FLOKI has demonstrated some resiliency in a volatile market. Due to factors like the impending Simon's Cat (CAT) airdrop and a robust user base, the coin was able to regain its monthly high point.
However, Floki is currently facing significant resistance at the $0.000162 level. If FLOKI can't make a breakthrough, it might decline even further with other popular meme coins in a larger market correction.
Floki is currently on a drastic downward trend, trading at $0.0001197. Floki has dropped by 20% over the past week and 2.20% in the last 24 hours. Its chances of being one of the top memecoins is in threat.
Raboo set to attract more investors in its presale
Raboo has not yet entered the market, but it has already finished the first phase of development and is moving on to the next. As the coin enters the model stage of development, it has more than 3,000 token holders and 11,000 registered users. These numbers will only increase since people now believe it to be one of the best coins to invest in 2024.
Raboo's current market value is $0.0048, up 60% from the $0.003 Stage 1 $RABT token price. Analysts predict that once the AI meme coin goes live, its value could increase by approximately 100 times, providing holders with enormous returns on their initial investments. Additionally, this meme token is predicted to become the dominant coin within the $62 billion dollar meme market in the near future, based on how well it has performed in the market thus far.
Conclusion
What exactly is the right investment choice right now? BNB investors are hanging by a thread hoping for a reversal as soon as possible. While analysts have dismissed Floki as a rival cryptocurrency. The obvious answer seems to be Raboo, the meme coin that has already raised over $2 million in its presale. Raboo is presenting great opportunities and potential. It is not too late to jump on the ride.
You can participate in the Raboo presale here:
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
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