Polkadot (DOT) and Stellar (XLM) have been struggling at a low ebb for a while now. Major declines in user activity have stunted the coins’ growth, and as usual, the investors are exploring other options.
As the content creation market gets even bigger, a new AI meme coin is taking the crypto market by storm. This new coin, Raboo (RABT), has raised over $2 million in presale, with investors lined up to lock into the high-profit project.
Keep reading for more.
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DOT user activity declines, holders seek alternatives
Between May and June 2024, analysts predicted a bullish trend for DOT in July. However, this was far from the case as the coin witnessed a 7.31% decline in the last seven days, with analysts now predicting a bear run for the DOT price. The active addresses of Polkadot‘s relay chains and parachains are facing significant lows following the massive drop in its network activity in June 2024.
Analysts project even deeper lows for Polkadot, as its Relative Strength Index (RSI) is at 42.88. The plunge suffered in June has trailed into the latter days of July.
For many DOT holders, Polkadot‘s partnership with Web 3 foundation, Heroic esports, and Polimec funding protocols may not be enough of a buffer for recent losses. As a new meme coin poses to lead the SocialFi crypto market, investors are contemplating a move over to the market favorite.
Stellar bear run is far from over
For the most part, XLM has underperformed in the bull run of 2024. Earlier this month, the coin saw a substantial surge in its price, driving it to its highest resistance at $1.60. According to analysts, this signaled the beginning of the range-bound price action for XLM. However, this surge was short-lived.
Over the last month, XLM has had 18/30 green days and 7.97% price volatility. Predictions show that XLM price is expected to decrease by 0.23%. The coin’s Relative Strength Index at 35.44 indicates that more XLMs are sold than accumulated in the market, indicating that the XLM bear season is far from over.
Currently priced at $0.1019, XLM holders are now exploring other options to rev up their crypto portfolio. With Raboo, the new AI meme coin, crossing the $2 million presale volume and offering high-profit use cases, XLM holders have found their answers.
Raboo: AI meme coin for SocialFi
Raboo is an AI meme coin that combines the power of generative AI, the meme coin rave, and content creation to create wealth for its investors. With over $2 million raised, Raboo’s presale is becoming the delight of investors looking to scale their portfolio.
There are over 200 million content creators in the world today, with the global content market predicted to hit $38.2 billion by 2030. Rabooscan, Raboo’s generative AI, is the project’s boldest initiative as it leverages the ongoing content creation craze to generate wealth for its users.
Rabooscan searches social media for meme-worthy content created by its users and pools this content to create high-quality memes. In return, users whose content is selected by Rabooscan get $RABT tokens.
Join Raboo to create wealth from SocialFi
With $2 million already raised in presales, it’s easy to imagine how high Raboo is bound to soar when it launches. Already, analysts have estimated that the Raboo token price will jump to 233% upon launch, with a 100% uptrend also predicted after the token lists on major exchanges.
Looking to make a big break in the second half of 2024? The $RABT token promises a presale 233% price uptrend and 100% ROI after the coin is listed on major exchanges. Investors are queuing up to max out these benefits and are fast joining the Raboo presale.
You can participate in the Raboo presale here.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.