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Arbitrum (ARB) and Cardano (ADA) are making headlines in crypto news these days, but not for good reasons. While Arbitrum has dropped below a key level of $1, Cardano’s 30-day chart shows a huge plunge in price.
Meanwhile, upcoming memecoins like Raboo ($RABT) are taking center stage. Raboo has generated more than $1.8 million in 4 presale rounds and is expected to give early buyers at least 233% in profits when it’s concluded.
Raboo has carved a unique niche for itself by focusing on MemeFi and community, pushing aside other cryptocurrencies, and getting ready for the future.
Why is Arbitrum going below $1?
Analysts familiar with the Arbitrum price action believe that the $1 is a key psychological level for the coin. When key levels like this fail to hold, it is almost certain the crypto is reaching lower lows.
ARB fell from the $1 level on May 13 and successfully reclaimed it a week later. However, this success was short-lived as the coin is now reaching the $0.8 level, a nearly 90% drop from its all time high five months ago.
Token unlocks are yet another factor that might make Arbitrum price sink even harder. In April 2024, the token’s team released about 93.65 million Arbitrum into the market, causing a gradual slump in price. With all this dreary crypto news on ARB, attention turns to fast-rising Raboo.
Cardano bleeds heavily across 30-day chart
Cardano, from many predictions, was supposed to be the next Ethereum. Shortly after its launch, many crypto news outlets dubbed it the ‘Ethereum Killer,’ saying it would flip Ethereum in a matter of time. Safe to say that has not happened.
A quick look at Cardano’s charts, especially the 30-day window, shows the popular coin is gasping for air. The coin has steadily declined since 2021, leaving many enthusiasts and investors sorely disappointed. Although it made some brief uptrends earlier this year, there’s still a huge gap between where ADA price is and where it should be price-wise.
ADA is trading at a 20.5% monthly loss at the moment. While a handful of experts believe that ADA could still rise in the next bull run, investors don’t. Investors are massively pulling out their Cardano investments and putting them in upcoming memecoins with a bright future, like Raboo.
Raboo Token Remains Unmatched As Presale Price Surges
Investors have continued to put their money on an upcoming memecoin, Raboo, that has surprisingly attracted a lot of attention in a short while. This meme coin lies at the intersection of meme and AI and could be one of the instrumental ways we can harmonize both concepts seamlessly.
Anyone can use Raboo to create top-quality AI-generated memes free from the repetition and blandness of many memes out there. Raboo will also champion MemeFi, a way of earning where users can make money from their generated memes through gameplay, social media, or even new ways that are yet to be invented!
Raboo is an upcoming memecoin that a lot of experts agree will 100x by the year’s end. Utility, hype, innovation, and community are all combined into this rabbit-themed memecoin. It’s a refreshing break from the barrage of Pepe and dog-themed derivative memecoins currently littering the crypto space.
Conclusion
Raboo’s presale will soon be completely sold out! Do not miss this opportunity to grab $RABT, the native token of Raboo, and prepare yourself for the future of AI memes.
This AI meme coin has all it takes to become one of the biggest memecoins by market cap in the next few months and even make crypto news headlines. Anyone ready for the future would clearly not miss all that Raboo has for investors, its community, and the entire Defi industry.
$RABT is up 60% from its Stage 1 of its presale when the project opened at $0.003. The token now goes for $0.0048, and there’s still up to 233% ROI up for grabs.
Buy Raboo now if you’re big on long-term and short-term gains.
You can participate in the Raboo presale here.
