The crypto market does not take prisoners, and crypto projects have to return profits. Else investors will quickly bail out to other crypto projects.
In recent crypto news, Uniswap (UNI) has been struggling to sustain its investors’ trust as the UNI price endures a downward trend. Elsewhere, Jasmycoin (JASMY) and Raboo (RABT) are exciting investors with uptrends and even more bullish potentials.
This article will explore each project’s background, current trending news, and price performance.
Contents
Uniswap suffers 9% price decline following upgrade delay
Uniswap is a leader in the Automated Market Maker (AMM) model. The project has impressed with its contribution to revolutionizing decentralized trading, and its user-friendly interface makes UNI a household name in the crypto market.
However, Uniswap has often been called out for its high gas fees. In the crypto market, most investors naturally go for cheaper networks with low or zero fees. So, it was only a matter of time before Uniswap quickly lost its pull.
Uniswap is one of the busiest DEXs in the crypto market, and that should normally make it a viable project. However, when Uniswap announced its scheduled protocol upgrade had been postponed, many users developed cold feet, and the UNI price declined to around 9% almost immediately.
With the alternative DEXes offering lower fees and innovative features, there’s reduced interest in the Uniswap project, and investors are now reevaluating their stake in the project. Experts are also pessimistic about the project’s future. UNI investors would be forgiven for moving their monies to other projects like Jasmycoin and Raboo, which have shown more promise in the crypto market.
JasmyCoin price: Record-setting market performance
Jasmycoin, also known as the ‘Japanese Bitcoin,’ has recorded a phenomenal rise to establish a new three-month high price. Recent news for Jasmycoin has been positive. In April 2024, news of the Jasmycoin project reaching a strategic agreement with a Japanese telecoms company sparked a surge in investor interest. While the specifics of this partnership still remain unclear, the crypto news has improved investors’ sentiments, as there have been noticeable improvements in Jasmycoin’s market cap.
Jasmy’s ongoing development of its data marketplace and secure storage solutions also generates excitement among crypto enthusiasts. JASMY has enjoyed a good run in the crypto market so far this year. The project has gained over 650% on a year-to-date basis, and this impressive rise has drawn investors from even the Uniswap camp to Jasmycoin
Combining AI and memes: Raboo’s revolutionary approach in the crypto market
Unlike other Meme coins in the market, Raboo has leveraged on building a meme coin with AI at its base. So far, in its ongoing presale, Raboo has raised over $1.6 million, and experts predict that it could skyrocket to 100x after listing.
Raboo is growing in popularity, with over 7,600 users and more than 2,400 token holders. Raboo stands out from the meme coins pool by offering meme coin creators the chance to earn through weekly, monthly, and quarterly promotions and additional bonuses.
Through its AI meme generator, Raboo ensures its holders can get creative and generate memes for the constant engagement and expansion of Raboo’s community. By participating in contests and content creation challenges, Raboo token holders can increase their total supply of $RABT tokens.
Stakeholders who invested at Stage 1 can make 250% profit before Raboo goes for listing. Many investors find Raboo’s idea of embracing meme culture and incorporating new technologies fascinating. With the future of Defi tilting towards innovations like that, Raboo investors are securing their stake for the times ahead.
Conclusion
The crypto market is constantly in motion, with projects like Uniswap, Jasmycoin, and Raboo driving the narrative. While Uniswap struggles to keep investors locked in due to delayed upgrades, Jasmycoin and Raboo are riding the wave of positive market sentiment.
Jasmycoin’s potential partnership and Raboo’s successful presale highlight the market’s appetite for both promising projects and new, innovative tokens. As the market continues to evolve, investors can keep a keen eye on these projects for profit potential.
Raboo (RABT) is fast selling at $0.0048 in its presale Stage 4. And if analyst projections are anything to go by, the $RABT token could do a 100x when it launches. You don’t want to snooze on Raboo.
The Raboo presale is happening here.
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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.