Pepe

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
AI memecoin Raboo surges while Link dipped and Pepe fell sharply, highlighting market volatility.
In today’s thriving cryptocurrency market, Raboo, an AI-backed memecoin is making headlines with astounding increases. Link briefly touched $15 earlier this week but has now relinquished control back to the bears.&nbsp;
Pepe, however, is on an unexpected drastic decline after a week of greens, underscoring the volatility and difficulties present in the same market. These patterns play a critical role in influencing investor mood and guiding the dynamics of the market as they develop. Read on to which of these coins have the most potential to be among the top 20 cryptocurrencies.&nbsp;
<h2 class="wp-block-heading" id="strong-link-declines-after-touching-the-15-price-strong">LINK declines after touching the $15 price</h2>
Following a daily surge, Chainlink (LINK) saw intraday sideways movement in an effort to stabilize. The Chainlink price gain has paused at the $14.7 resistance due to consolidation, but the creation of a bullish reversal pattern suggests that a breakout may be imminent.&nbsp;
The Chainlink coin was able to bottom out of its current corrective trend at $12.2 during the market recovery in July. The multi-month support that has been in place since January 2024 has kept the LINK holds from significantly improving.
Currently, a high accumulation zone is formed by the horizontal level’s near alignment with the 200W EMA and the 38.2% Fibonacci retracement level. The asset rose from $12.2 to $14.4 in a bullish turnaround, and the market capitalization increased to $8.75 billion.&nbsp;
LINK, however is now trading red and is <a href="https://coinmarketcap.com/currencies/chainlink/#Overview" target="_blank" rel="noopener noreferrer nofollow">currently selling for $12.62</a>. Investors are still optimistic with the belief that since the $15 range has been tested, the price will eventually break through it.&nbsp;
You might also like: <a href="https://crypto.news/kaspa-declines-pepe-struggles-to-rebound-as-raboo-steals-the-spotlight/" rel="noopener noreferrer nofollow"> Kaspa declines, Pepe struggles to rebound, as Raboo steals the spotlight </a>
<h2 class="wp-block-heading" id="strong-pepe-bulls-struggle-to-take-control-for-long-strong">Pepe: bulls struggle to take control for long</h2>
Pepe’s price rose on Wednesday, making it one of the best-performing memecoins in the industry.&nbsp; It rose by 8.2%, reaching a high of $0.00001308, its highest point June 26.&nbsp;&nbsp;
Pepe’s recovery coincided with the futures market’s open interest reaching its highest level since June 7. The majority of the open interest, almost $155 million, came from Bitget and OKX. The Pepe token has increased by more than 72% from its lowest point this month, which can be explained by indications that whales, or large holders, have continued to amass the token.&nbsp;
According to coinmarketcap, the number of Pepe holders has increased this month. On Wednesday, they passed 264,000, and if the market keeps rising, this pattern might continue. On Monday, there was no obvious trigger that sent Pepe higher.&nbsp;
However, there has been a major decline in Pepe’s price as it is now <a href="https://coinmarketcap.com/currencies/pepe/#Overview" target="_blank" rel="noopener noreferrer nofollow">trading at $0.00001133</a> after a 7.98% decrease in the last 24 hours. This has brought to question the authenticity of the initial price surge.&nbsp;
You might also like: <a href="https://crypto.news/dot-drops-below-support-level-raboo-dominates-crypto-as-ethena-revamps-tokenomics/" rel="noopener noreferrer nofollow"> DOT drops below support level, Raboo dominates crypto as Ethena revamps tokenomics </a>
<h2 class="wp-block-heading" id="strong-raboo-hits-new-presale-milestone-strong">Raboo hits new presale milestone&nbsp;</h2>
Raboo has raised over $2 million during its presale, attracted over 10,400 registered users, and more than 3,000 token holders, among other noteworthy accomplishments. This outstanding result shows that investors are very interested and confident in Raboo’s novel strategy.&nbsp;&nbsp;
Raboo’s unique AI-backed meme concept and Post-to-Earn technology, which lets users monetarily generate revenue from their social media posts, set it apart in the Memecoin market. This feature increases user engagement while also providing actual value.
According to analysts, Raboo has the potential to become among the top 20 cryptocurrencies with a growth of 233% during the presale and 100x after launch. Raboo’s community-driven strategy, coupled with its strong engagement tactics and flash sale that offers double stage bonuses, has generated a lively and engaged user base. Raboo presents a strong investment opportunity as a result, particularly considering its strategic goal of competing with well-established memecoins.
You might also like: <a href="https://crypto.news/cardano-encounters-bearish-pressure-as-raboo-outpaces-rival-pepe/" rel="noopener noreferrer nofollow"> Cardano encounters bearish pressure as Raboo outpaces rival PEPE </a>
<h3 class="wp-block-heading" id="strong-conclusion-strong">Conclusion&nbsp;</h3>
Joining the Raboo revolution seems like the next big thing, especially for meme lovers. The fact that the presale is still open is the finest part. Since Stage 4 RABT tokens are selling quickly, the only way to ensure that investors acquire tokens is to purchase them early.&nbsp;
Each token costs $0.0048, and in addition to the 233% presale earnings, investors might potentially profit 100 times over when the coin launches.&nbsp;
For more information, visit <a href="https://rabootoken.com?&amp;utm_source=marketing&amp;utm_campaign=CRNE&amp;utm_id=2607-9" target="_blank" rel="noopener noreferrer nofollow">Raboo’s presale website</a> or follow the project on <a href="https://t.me/RabootokenPortal" target="_blank" rel="noopener noreferrer nofollow">Telegram </a>or <a href="https://twitter.com/Raboo_Official" target="_blank" rel="noopener noreferrer nofollow">X </a>for the latest updates.
Read more: <a href="https://crypto.news/the-breakout-the-pro-the-veteran-latest-news-on-raboo-kaspa-xrp/" rel="noopener noreferrer nofollow"> The breakout, the pro, the veteran: Latest news on Raboo, Kaspa, XRP </a>
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Race for memecoin king: LINK briefly touches $15 as Raboo and Pepe Succeed

Innehållsförteckning

crypto.news

Andra artiklar publicerade 26 juli 2024

Grayscale Ethereum ETF sees over $1 billion in outflows since its debut

Investing in High-Growth Altcoins: Bitgert, Ondo, Dogecoin, Render, and Dogwifhat Tips from Indus...

Dotcoin Tap-to-Play Game Set to Launch on Venom (26 Jul)

$TEA Raises $3.4M in 10 Minutes: What’s Behind the Historic Presale?

Sen Marshall Withdraws Support for Sen Warren’s Controversial DAAMLA Act

Bitcoin’s transformation from risk asset to digital gold hints at new all-time highs

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!