It is no longer news that the $62 billion meme market has been dominated by dog-themed meme coins like Shiba Inu (SHIB) and Dogwifhat (WIF). However, a new hopeful contender, Raboo ($RABT) has emerged with a great value proposition that could shake things up. Having gotten over 3000 people to buy the $RABT token in the ongoing token presale, let's see whether SHIB and WIF, still has the chance to outperform Raboo this year.
SHIB still down despite Shiba eternity's web3 upgrade
Shiba Inu has gained market attention as Shiba Eternity, a card game with a Shiba theme, was updated to a web3 platform. The digital cards in the game can now be traded, sold, or held as NFTs, granting players full ownership rights to in-game assets.
Many experts see the Shiba Eternity upgrade as a notable development for the Shiba Inu ecosystem, because of its potential to make web3 gaming more appealing, attracting gamers to its network. Unfortunately, SHIB is yet to respond positively to the upgrade, as it still plunges 5.63% weekly and 3.28% monthly, the altcoin price is currently trading at $0.0000168. Unless SHIB changes its current trend it could be displaced by other rallying meme coins.
WIF price pullback: Can It break the $2.70 barrier
Dogwifhat (WIF) in the past week has been impressive with the altcoin price up by 8% and is currently at $2.63. However, WIF's momentum appears to have slowed down as it approached the key resistance level of $2.60. Given the market volatility surrounding Dogwifhat, experts are questioning whether the token can be successful in the long run.
In the daily charts, WIF has climbed by 3.77%, indicating that buyers were trying to push its price up again to test the strong resistance level of $2.60. Analysts believe that if buyers fail to push WIF's price past the resistance level and keep it there, the meme token could drop to even its lowest price in the month.
Raboo: Can this newcomer shake up the meme coin market?
Raboo is not just your regular meme coin; it is a revolutionary force that could redefine the industry and also a serious challenger to the dominance of dog-themed coins, such as DOGE, SHIB and WIF.
Raboo's ecosystem offers a range of opportunities for investors, including staking, exclusive NFT launches, and crypto burn events aimed at reducing the token supply and increasing its value. Moreover, with a total of 1.8 billion $RABT tokens issued, Raboo has already positioned itself as a challenger to established meme coin giants like Shiba Inu and Dogecoin.
Raboo's token presale has been generating a lot of excitement, with analysts predicting a 100x surge in the $RABT token price once it hits the market. But what's more impressive is that investors can acquire this 100x potential token at just $0.0048 per token while in Stage 4 of the presale.
Conclusion
The analysts’ prediction of a potential 100x surge in the $RABT token price once it hits the market, makes it an enticing investment opportunity compared to the recent price fluctuations of SHIB and WIF. If Raboo can continue to deliver on its value proposition and gain mainstream adoption, it could very well displace the established dog-themed meme coins as the new leader in the rapidly evolving meme coin market in 2024 and eventually emerges as one of the best altcoins to invest in ever.
You can participate in the Raboo presale here:
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
