Raboo, the new innovative presale token, has been on an exceptional trajectory over the last few weeks. This token has outperformed Shiba Inu, the second-largest memecoin and Jupiter, the Solana-based token, which has been down by over 11% within the last seven days.
Shiba Inu is currently down by over 7% in the last seven days, while Raboo has generated over $1.5 million in token sales during its presale, which is currently in Stage 4. What's behind this tokens' performance? Let's find out.
Shiba Inu Lacking Growth But Stable
Shiba Inu is currently experiencing stagnated growth and a reduction in its average transaction size, signaling a decreasing presence of big players in their market. This dip indicates that these players are becoming less active in Shiba Inu’s ecosystem and its status as one of the best crypto to buy in 2024 may be at risk.
Currently there's relative stability in the price of Shiba Inu which is atypical for a memetoken. This stability in the price of Shiba Inu suggests that larger investors are holding onto their positions despite occasional fluctuations. This steadiness provides a solid foundation for potential future price increases.
The total volume of large transactions peaked at 11.65 trillion SHIB, highlighting substantial liquidity and market activity. Also, Shiba Inu has gained over 115% in its year to date analysis at the time of writing, suggesting an increase in investor's interest and strong fundamentals. With a rising bullish influence in the SHIB token, its price is on the verge of testing its resistance trendline this week. As whales continue to accumulate and trade larger amounts of Shiba Inu, increased market volatility is expected, reflecting the growing influence of major players in the SHIB token.
Jupiter continues to struggle, lags behind Raboo
Jupiter, which debuted on January 31st, has faced challenges since its launch. After an initial drop, Jupiter has shown some signs of recovery, with price predictions suggesting it may reach $3.29 in 2025. Despite this, Jupiter has struggled to gain the same momentum as other tokens in the market. This is why it has struggled to keep up with tokens like Shiba Inu.
Jupiter, a leading liquidity aggregator for Solana’s decentralized exchange activity, launched its native Jupiter token alongside a community airdrop, following successful Solana ecosystem airdrops that had driven a bullish trend in late 2023. However, while Solana's price stabilized amidst recent interest in bitcoin ETFs in the US, Jupiter's debut did not significantly boost the ecosystem as anticipated.
Despite offering free aggregation services, Jupiter charges fees on dollar-cost averaging (DCA) orders, perpetual swaps, and limit orders to sustain growth. Nonetheless, over the next few months, Jupiter is expected to see a modest recovery from a bear market that has reduced its trading activity and slowed down its growth pace.
Raboo sparks analyst interest with innovative AI integration
Analysts are excited about Raboo, the innovative memecoin, which integrates AI technology. This excitement is tied to the fact that Raboo ($RABT) offers investors and crypto enthusiasts the opportunity to engage fellow memecoin enthusiasts.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
With cutting-edge technology and AI integration, Raboo promises an amazing experience for all investors, and this is one of the reasons why analysts are excited to tip Raboo as one of the best altcoin to buy in 2024.
Its unique approach in unifying AI and memes as well as its potential to redefine the meme ecosystem makes it one of the best altcoin to buy in 2024. Analysts’ excitement continues to rise as investors and players in the crypto industry anticipate Raboo's official listing, given that analysts expect the price of Raboo to grow 233% during the presale, and 100x on launch day.
Conclusion
Although Shiba Inu and Jupiter are more established players in the market, crypto analysts are particularly excited at the potential of Raboo. Raboo’s blend of AI technology sets it apart in the memecoin ecosystem and the crypto market at large. Currently priced at $0.0048 which is a 60% increase from its Stage one price of $0.003 forecasts of massive ROI up to 100x on the launch day has contributed significantly to widespread excitement amongst analysts and crypto enthusiasts' generally.
You can participate in the Raboo presale here
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