Despite experiencing a significant drop of 22% in April, there’s still positive sentiment surrounding DOT’s future, as the token records an all-time high in its network activity. Similarly, Toncoin shares the same sentiments following a recent surge in its Total Value Locked (TVL).
However, investor sentiment was boosted more by Raboo ($RABT), an upcoming meme coin poised to revamp the $61 billion meme sector. Having surged 40% in its ongoing presale, let’s see what else this new presale crypto has in store for investors this year.
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Polkadot back on track? Price surges, network activity breaks records
Polkadot, an open-source cryptocurrency platform that focuses on supporting decentralized web applications, experienced a significant downtrend of about 22% in its native token DOT in April. According to data from CoinMarketCap, a crypto analysis platform, DOT traded at $6.41, which was its lowest price recorded that month.
Despite the massive decline, Polkadot network activity reached an all-time high for monthly active accounts for the first time since 2022 according to a recent tweet by the platform. As a result of this increased activity, many investors have become optimistic about DOT’s future. This optimism is already reflected in the price of Polkadot which is currently 15% higher than it was four weeks ago.
TON price stalls, but investors bullish as TVL soars 101.2%
Surprisingly, TON, the governance token for Toncoin, has not been in its best performance, as the token’s price has been fluctuating between $5 and $6 in the past several weeks. However, looking at the daily charts, the token has experienced a minor uptick in the past seven days, rising from $6.02 to $6.56, to mark a 8.9% increase as per CoinMarketCap data.
Despite TON yet to embark on a significant rally, investors are still confident in the token future. This sentiment is reflected in Toncoin’s recent breakthrough in its Total Value Locked (TVL), a metric for determining the total value of digital assets staked or locked. As per recent data from DeFiLlama, an on-chain analytics aggregator, Toncoin TVL raked in an incredible 101.2% growth in May.
Also, analysts expect this surge in Toncoin TVL to position the token for significant bullish momentum very soon. However, they added that while TON trades at $6.5 currently, its bull run may only happen if the token manages to break past its $7.5 resistance.
Raboo ($RABT) is the promising meme coin that has remained resilient in spite of market pressure and has continued to showcase positive sentiment alongside DOT and TON. With a potential to appreciate 100-fold, coupled with innovative features that focus on engaging users through meme generation and community building, this token is poised to become one of the best altcoins to buy in 2024.
As Raboo demonstrates positive sentiment despite market issues, investors are drawn to its strategic initiatives like the burn mechanism, which is designed to reduce the supply of $RABT tokens and potentially cause its value to appreciate.
They are also drawn to the platform’s efforts towards revolutionizing the meme sector, with AI-Social-Fi features, which combine Artificial IntelligenceI, social engagement, and meme culture to create a one-of-a-kind ecosystem for users to explore, interact, and monetize their content.
For anyone desiring to purchase $RABT tokens and participate in transforming the meme sector, they can join its ongoing presale and buy $RABT at just $0.0042 per token. At this modest price, $RABT presents itself as a good crypto to buy with a potential 233% gain in its presale, as well as a 100x gain post-launch.
Conclusion
Polkadot’s surge in network activity despite its token plunging 22% suggests positive long-term potential for the project. Similarly, Toncoin displaying resilience through a significant increase in its Total Value Locked signals that investors are increasingly confident in the token as a favorable crypto to buy.
However, the standout performer appears to be the presale token Raboo, which has already impressed in its ongoing presale and boasts innovative AI-powered and social features that could redefine the $61 billion meme token sector. Investors looking for a promising crypto project to invest in may want to consider this presale crypto as a potential opportunity for substantial gains.
You can participate in the Raboo presale here.
- Telegram: https://t.me/RabootokenPortal
- Twitter: https://twitter.com/Raboo_Official
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.