New altcoins come and go, but two in particular—Raboo and Sui—are looking particularly enticing right now. Raboo's new AI meme coin is expecting a 100x surge this year, while Sui's outstanding DeFi growth could indicate an imminent breakout. Meanwhile, Litecoin, an old favorite, is struggling to impress investors after a lackluster performance this year.
Could Raboo and Sui rise up the ranks and knock out Litecoin? Let's find out.
Raboo's presale turns heads after $2.5M raise
A new altcoin is on the block and preparing to challenge top meme coins like DOGE and SHIB for a spot in the 20 top cryptos.
Known as Raboo, this under-the-radar token has some analysts projecting a 100x surge on its exchange debut after hitting the $2.5m milestone in its ongoing presale. $RABT tokens are already up 90%, reaching $0.0057 after thousands of backers fell in love with its AI-driven SocialFi ecosystem, and with a forecasted 143% left to grow before the presale's conclusion.
Raboo's edge lies in its place at the crossroads of the AI and meme coin markets. Using Rabooscan, an AI-powered tool that allows users to generate memes, investors can compete in meme contests to earn extra $RABT tokens. Similarly, its Post-to-Earn model allows creators to monetize their memes by sharing them on social media.
Boosted by a deflationary token-burning mechanism and no buy/sell taxes, Raboo is projected to be a major player in these fast-moving sectors. It is also working to introduce generous staking yields complemented by an NFT project. With this new altcoin gaining considerable traction in recent weeks amid rumors of an imminent presale sellout, we could have a potential 100x moon-bound rocket on our hands.
Litecoin disappoints despite Bitcoin ATHs
Litecoin is well-known in the crypto market as the silver to Bitcoin's gold. Debuted back in 2011, Litecoin became the go-to for those looking to make quick and affordable transactions, at least compared to Bitcoin's often slow and costly network.
Litecoin has held onto a position high in the ranks of the top cryptos, at #20 right now with a market cap of just over $5bn, and worth around $67.5. Yet, LTC investors have been somewhat disappointed this year, with Litecoin topping $100 in March, well below its 2021 ATH of $412—even as Bitcoin jumped to new highs. Now, many fear that LTC could tumble down the ranks as new projects like Raboo and Sui attract more attention.
Sui's DeFi value spikes 59%
As always, the fresh crypto faces tend to outperform. That's been the case for Sui, a relatively new Layer-1 blockchain launched in mid-2023 that's managed to secure a market cap of $4.7bn, currently priced at $1.75, placing it 21st on the list of top cryptos.
Much of the bullishness around Sui has been due to its incredible theoretical transaction speeds which are not far off 300,000 transactions per second, thanks to its use of the Move programming language. As such, Sui's DeFi dominance is growing, with just shy of $1b locked on-chain—a figure that has seen an approximate 59% boost over the past month.
Some are comparing Sui's rise to Solana's 2021 bull run, predicting that it could skyrocket as momentum continues. With its fast-growing ecosystem and DeFi presence, SUI is one to watch this year.
You can participate in the Raboo presale here.
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