Development is the key to maintaining a stable crypto platform, but it's the bull run, and traders are here to make profits. Chainlink's recent partnerships are not enough for the crypto traders if they don't reflect profits. On the other hand, Pepe is lacking in development, and profits are starting to wane.
So what to do? Balance it out with Raboo ($RABT), the meme coin sensation offering real-world applications and massive 100x profits. We have some information on the token's presale; hang on till the end!
Unimpressive Chainlink is closer to a 52% drop
From the yearly timeframe, Chainlink (LINK) seems to have done a great job raising its LINK price from about $6 in June 2023 to about $16.4 on Friday. But that won't be reflecting much of Chainlink's movements, as the token was deep in bearish waters last year, and the Bitcoin rallies this year have helped with LINK's revival.
However, we have seen whales selling off their LINK stash, causing a bearish cascade on the network. This started last week despite announcements of a partnership between Chainlink and Suku. The latter is interested in leveraging Chainlink's Oracle for its blockchain money transfers. While a partnership will be profitable for the LINK project, the whales are bent on opting out.
There are also some technical indications supporting a bearish LINK price prediction, as analysts think it has entered a descending triangle. The pattern is clearly bearish, and LINK could drop by 52% if the current trend continues.
Is Pepe taking a break, or is that the end of its bull run?
Meme coins have a deep link with the top crypto coins, especially Bitcoin, and with BTC losing its $68,000 support mark, we can expect a meme coin depression. Pepe is one of the affected memes too, as the PEPE price has plunged to over 3.80% weekly losses.
For context, Pepe was the star of the market in May, as the token maintained a steady profit streak through the month, setting and resetting its ATH in that time. Users expected the token to carry on with the momentum in June, but Pepe has disappointed again.
The scenario mirrors last year's June dip in Pepe after the token's stellar launch in April. Now, holders want to know if the PEPE price is simply taking a break or is out of the bull run season. If the Pepe bulls can hold the price above its current support, the token might be able to retest its ATH in the long run.
The next few days will be decisive as Pepe continues to fall from its newfound heights. Raboo is also coming up quickly on the top meme coin's heels, and its presale is quite the attraction already.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
Why is Raboo so special?
That's the question asked by most investors, especially those coming from failing DeFi coins. Raboo is a meme coin, so many are already biased against $RABT investments and for good reason.
This is due to Pepe and the rest of the top meme coins sporting so little in the way of utility, it leaves them so open to market actions. Instead of being a regular meme coin though, Raboo is changing the meme coin standard with its protocol, and that includes memes and profits.
The philosophy of Raboo is to purge the failing meme coin sector by putting out only high-quality memes for entertainment and humor. By circulating only the best memes, Raboo hopes to restore the meme coin order to what it originally was. The quality of Raboo is supposed to drive other meme coin projects to increase the standard of their memes or risk losing their communities completely to Raboo.
That's because meme enthusiasts will receive token rewards for posting memeable content on the Raboo-verse. Your images, videos, and GIFs will aid the generative AI on Raboo in creating fun and relatable memes while you earn $RABT tokens on the side.
In case you were wondering where the utility was, you have it there. And there's still the presale to consider.
Conclusion
$RABT tokens are the gateway to joining the Raboo paradise. As you might expect, there's quite a crowd at Raboo's presale already. The tokens cost $0.0048 each, as the presale is in Stage 4.
Apart from the 233% presale ROI, you have 100x gains to look forward to when top-tier exchanges list Raboo.
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
