Panic from the stock markets has spread to the crypto market, and even the meme sector has been torched. Dogecoin and Pepe have seen significant portions of their circulating supply get liquidated on several exchanges.
The bearish waves started early last week, and the massive liquidations have exacerbated their effects; even top tokens are left struggling.
However, Raboo ($RABT) is plotting its meme sector takeover with the strongest plan for memes yet. The addition of AI to its functionalities makes the $RABT tokens even more desirable, and there are over 3,000 users who have bought their stake on the Raboo platform.
You should too, but before that, we have some insight into Raboo’s plans.
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Dogecoin could get even more bearish in the crypto market
The pioneer meme coin seemed impervious to the general meme crash last year, as it kept its place among the top ten cryptocurrencies then. Now, it’s more than just a crypto winter, and the DOGE price can’t be more bearish.
It mostly stems from Bitcoin’s dip, as Dogecoin has a strong correlation with the top crypto token. With Bitcoin missing out on a break above $70,000, Dogecoin and other closely related tokens were the first to hit the slump.
To avoid a long-term bearish trend, Dogecoin must maintain its stance above $0.118. Data from the liquidation event, however, doesn’t indicate that the DOGE price can hold out much longer.
Pepe battles liquidation too
The top memes are losing their holders and traders to the massive sell-off that stemmed from the drop in market optimism. Pepe, like Dogecoin, is one of the badly hit tokens, as it also has a strong relationship with Bitcoin.
By Saturday, about $2.85 million worth of Pepe had been liquidated, leaving the Pepe token trading at 40% losses for the week. While the liquidations might not be telling, they indicate that traders are more cautious than greedy at the moment.
Since Pepe is not as closely correlated with Bitcoin as Dogecoin is, the token might make a quicker recovery. Nothing is certain, however, and with the loss of interest in Pepe, recovery might take a while from now.
Raboo is looking like a last stand for meme tokens.
Raboo sailing with utility
The meme sector has been quite unreliable for stable investments in the past, and the tokens have been associated with being pump-and-dump projects for years. As if we needed any proof, even the top meme coins–Dogecoin and Shiba Inu–have struggled for consistency.
Raboo is here to change the narrative, and its AI feature is gaining popularity among the crypto market. The project has over 10,000 registered users, with 3,000 token holders; everyone wants a bit of Raboo, traders and investors alike.
Raboo’s AI solution will revamp meme creation in terms of quality. There’s a lot of dry jokes flooding the crypto-verse at the moment in the name of memes. But with Rabooscan’s activity, Raboo will circulate better quality memes and get rid of the boring old stuff that manages to circulate.
Meme-making is about to upgrade and become more rewarding. Raboo has a prize system where meme creators are rewarded for their best work, and that explains why the huge migration to Raboo. Everyone wants to have fun and get paid for it.
Raboo: Popularity and profit
The Raboo presale has already raised over $2 million, and it’s enough to put any top meme project on edge. The tokens are currently priced at $0.0048, and there’s more to it than just presale ROI.
The current presale stage offers a double profit boost for buyers, where you’ll get a 20% bonus–instead of the usual 10%–before the stage progresses into Stage 5. Stock and time is limited; your best chance to get the bonus is now.
Even post-launch, Raboo is tipped to dazzle even more. The tokens could spike by 100x once they list on a major exchange; your $200 investments would look a lot more appealing in a few months.
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.