The post The Limelight Continues To Shine On Raboo As Avalanche And Solana Investors Take Notice! appeared first on Coinpedia Fintech News
Avalanche (AVAX) and Solana (SOL) are two of the most popular cryptocurrencies in the market. They’ve had some of the largest gains in the industry over the last year and there seemed to be no slowing down until recently. Problems with both have led their investors to look for the next breakout token to add to their portfolios. That search has led to Raboo ($RABT), a presale token which experts are predicting to rise by 10,000% when it is eventually launched on exchanges. What is special about Raboo and why are AVAX and Solana investors interested in the token? Let’s find out!
Whale action and its implications on AVAX: Is there an end in sight?
Avalanche has been a huge favourite among both developers and investors for a long time. The recent crypto market plunge has been tough on Avalanche and it has gone through a significant drop in value over that time leading to investor concerns.
Recent speculation from CryptoPotato indicates that a whale moving huge amounts of Avalanche has led to its loss of value. Avalanche is down more than 80% from its all-time high, to its current trading price of $25.57 according to CoinMarketCap. With competition from other Layer 1 solutions like Ethereum 2.0 and Binance Smart Chain, there is less of a focus on Avalanche leading to such declines.
Solana crisis: What are the problems?
Solana (SOL) which became popular for its amazingly fast transactions and strong ecosystem has also fallen into a crisis of sorts recently. Over the last 24 hours, Solana has fallen in value by 4.56% to $135. This is even worse when you account for the fact that the whole crypto market has dropped by just 3.67% in the last day. Meaning Solana is performing pretty badly.
Some of the problems faced by Solana can be explained by network usage. The network congestion has led to outages which makes people worry about its reliability and stability. There is also the fact that the decline in the price of Solana corresponds with a stagnant total value locked (TVL) metric across the Solana ecosystem.
Raboo: Is this new AI token the answer to the problems?
Raboo presale performance has been causing a lot of stir in the crypto market lately. It is a very promising token that is going to solve a lot of problems in the crypto market but mainly disrupting the meme coin space. The coin has raised almost $2 million in just its presale phase alone, which is proof that Raboo is supported within the crypto space.
Raboo has also created a great marketing strategy that will make sure the coin’s community is forever growing and engaged. Raboo is a presale token ready to dominate all meme coins and it has been touted as one of the best coins to invest in 2024. The community development factor is novel in its approach, using a SocialFI model that gives users incentives to engage in the community and this engagement is rewarded. Another huge feature of $RABT is the Post-to-Earn model, which allows users to monetize their social media content.
This approach allows the community to grow quickly but remain engaged. The users are strongly rewarded and Raboo stands out more as an attractive option. Raboo is built on a great foundation meaning that there is long-term stability which is very attractive for investors looking to pivot into it. Raboo is now in its fourth presale stage priced at an attractive $0.0048, 60% up from its initial entry price of $0.003. It is easily one of the fastest-growing tokens on the crypto market.
Conclusion
Avalanche and Solana are two of the biggest cryptocurrencies and strong investors in those tokens are now looking towards Raboo, which tells you all you need to know about the growth and potential of this new coin. The presale phase is still ongoing and you can get involved at an easy price of $0.0048. With Avalanche in decline and Solana going through major problems, you can stand a chance to grow your portfolio in leaps and bounds with Raboo tipped as one of the best coins to invest in this year.
You can participate in the Raboo presale here:
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official