DOGE's recent significant surge in large transaction volumes indicated heightened whale activity, while PEPE, after a notable gain, has declined amid bearish signals hindering its recovery. Meanwhile, Meme enthusiasts are bullish on Raboo ($RABT), the innovative presale token that guarantees significant ROI. Currently in Stage 4 with a doubled stage bonus from 10% to 20%, Raboo is tipped by analysts as one of the top altcoins to watch in 2024.
Dogecoin whale activity surges amidst market volatility
DOGE recently witnessed a significant spike in large transaction volume, reporting $1.1 billion indicative of whale activity, according to IntoTheBlock data. Large transactions, defined as those above $100,000, surged 29.27% within 24 hours, amounting to 8.15 billion DOGE. This surge coincides with a nearly 100% increase in transaction numbers on the Dogecoin network, rising from 95,390 on July 26th to 196,300 on July 27th, suggesting active buying or selling by large holders.
Although DOGE has now briefly declined, technical indicators affirm that the current price level might be a good time to buy DOGE, even the token's supporters believe that DOGE could be one of the top cryptos to buy in 2024 . DOGE could find support around $0.116, where 49.9 billion tokens were historically purchased, potentially setting the stage for a rebound to $0.175 if sustained.
Can PEPE achieve a new All-Time High in August?
PEPE, despite its late market entry, has seen significant gains for investors, recently rising 86% following the approval of Spot Bitcoin ETFs. However, the price dipped lately $0.0000115 from a high of $0.00001296. Analysts believe PEPE could reach a new all-time high although PEPE is still trading 33% below its peak of $0.00001718. They suggest a rapid liquidation wick might occur if the price drops further before rising.
Projections from other platforms suggest PEPE could hit $0.0000411 in August 2024, with an average trading price of $0.0000274 and a potential dip to $0.0000136, still higher than its current value. PEPE's community is strong, ranking fourth among meme coins on X with 675.4K followers, behind Dogecoin and Shiba Inu. As PEPE aims for new highs, its community remains optimistic and engaged.
Despite the optimistic outlook, PEPE's price faces challenges, primarily from short-term holders who dominate 20% of the supply and are prone to quick selling. This group’s increased activity, along with 25% of active addresses being in profit, adds selling pressure. The combined influence of short-term holders and profit-taking investors presents a bearish signal, potentially hindering PEPE's recovery and growth.
Raboo: The next top meme coin with strong community and cutting-edge technology
Raboo is emerging as the next top meme coin, powered by advanced AI technology and a vibrant community of over 10,000 registered users and over 3,000 token holders. With over $2 million raised, Raboo continues to foster an engaged community essential to its success. Currently, Raboo is holding a flash sale, doubling the automatic stage bonus from 10% to 20% for a limited time, attracting more investors to its Ethereum ERC-20 network, which has already seen a 60% increase since Stage 1.
Raboo aims to challenge other meme coins like Dogecoin, and Pepe even as it aspires to become a top 20 cryptocurrency by market cap. Its unique Post-to-Earn platform which allows meme enthusiasts to monetize their social media content underscores why Raboo has been tipped as one of the top altcoins to watch this year. Additionally, Raboo is launching exclusive NFTs for presale token holders, showcasing the creative work of the Raboo team and offering potential rewards and perks for holders.
To increase token value, Raboo is planning a crypto burn event, deliberately removing tokens from circulation. The $RABT token will soon be available on various exchanges and DEXs, broadening its reach globally. With its strong community, innovative technology, and strategic initiatives, Raboo is set to become a hot commodity in the crypto world.
Conclusion
DOGE has recently experienced a significant surge in large transaction volume, indicating heightened whale activity and potential for a bullish surge in August while PEPE recently declined but analysts suggest it could reach new all-time highs in August 2024. On the other hand, meme enthusiasts in the crypto industry are switching to Raboo ($RABT), a new presale token with a strong community of over 10,000 users. Raboo continues to gain adoption, highlighting its position as one of the top cryptos to buy this year.
You can participate in the Raboo presale here:
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
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