Two of the top twenty cryptocurrency tokens have failed to beat the bearish waves in the market, and for different reasons, no less. Trust in Binance Coin's (BNB) tokenomics has seemed to dip following a shocking discovery of Changpeng Zhao's holdings. On Polygon's end, the MATIC token has dropped dramatically over three months, as the dollar target seems elusive for the L2 network.
Then there's Raboo ($RABT), a new meme coin with so much potential for longevity and profits. The $RABT token is keen on forming a community of meme enthusiasts that will ensure consistent quality from the Raboo-verse.
Crypto drama and a bit on the new meme coming shortly.
BNB might lose holders to 'trust issues'
While many token projects try to keep the community at an advantage when it comes to tokenomics, it is rather shocking that Binance Coin doesn't operate similarly. Analysts recently uncovered the true nature of founder and ex-CEO Changpeng Zhao's BNB holdings, and the BNB price has been falling ever since.
CZ, as he is popularly called, owns about 64% of the circulating BNB tokens, amounting to some 94 million tokens. The Binance Coin founder was recently sentenced to a California prison on charges of skirting sanctions and facilitating money laundering. Even while he was in prison, the recent BNB price pump saw his token stash rise to over $61 billion, making CZ the 24th richest person in the world.
Implications for Binance Coin? The next few days might not be so good for BNB price, as the token is already decidedly bearish. It is down 20% from hitting its ATH, and 5.9% down on the weekly timeframes. We might see more BNB traders scouring other projects soon.
Polygon can't seem to pull out of the bearish zone
While most of Ethereum's coins have a splendid year, Polygon's charts have been unimpressive in 2024. The altcoin rallies and bull runs in the first quarter of the year have done little to affect the MATIC price, and the MATIC token sits rather stubbornly in the $0.50 - $0.60 range.
From the Bitcoin-inspired rallies, the MATIC holders had set a target on the $1 level, and March was the last time Polygon was even close to scaling a dollar, pricing at $1.27 on March 14th. The $0.75 level has been quite the resistance for Polygon so far, and it's on 23% monthly losses already.
The altcoin price is not the only MATIC metric in the red. Polygon's market cap is at $5.4 billion, down 7.7% as of press time. Despite a 60% spike in derivatives, the MATIC price is sporting bearish signs for the short-term future.
At the current momentum, Polygon might not be able to make a bullish trend even when Ethereum's ETFs get launched. But the new Raboo coin has a surprise for users.
We'll find out in a bit.
Experience memes differently with Raboo!
Most meme tokens have members solely for distributing their memes, with very few plans for the users. On Raboo, the members develop a sense of belonging from their involvement in the meme-crafting process.
There is a post-to-earn feature on Raboo through which users can post memeable content on their social media to aid the generative AI that will create the memes. The user community on Raboo will become a meme community where everyone is like-minded on meme generation and crafting.
All that effort won't be for nothing, either. Raboo's tokenomics features some 135 million $RABT tokens dedicated to rewards to members who actively contribute to the meme creation process. In other words, the more you post memeable pictures and videos, the more Raboo tokens you can earn.
Smooth, right? It gets even better! You can start earning your tokens now before the Raboo coins go live. By launch, you must have gotten quite the stash if you start now.
Remember, the presale is the only way into Raboo's paradise.
Conclusion
Raboo investments are the next best thing in the crypto-verse, and even though the presale is in Stage 4, you still have ample opportunities to scale your portfolio up.
The presale offers 233% ROI to the earliest buyers, and you can still tap into that. And it gets even better, analysts predict 100x gains when $RABT is listed on major crypto exchanges.
Don't sleep on Raboo–get your tokens today at $0.0048 each, and get ready for summer profits.
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
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