The bearish reports continue on Shiba Inu (SHIB), as the token’s price is yet to hit the heights we expected despite its deflationary measures. Solana (SOL), on the other hand, has slipped to a 45-day low, as the SOL price tested its support at $138 on Tuesday.
The crypto bull run has taken a bearish turn since June started, and even the top altcoins can’t find their way back into profits. Token holders have turned to the new meme coin, Raboo (RABT), for ROI, as its presale promises a happy ending to this summer’s struggles.
What’s more, Raboo is AI-powered; the long-term potential is quite secure.
Shiba Inu burn rate nears 13,000%
Since the community room over the affairs of the Shiba Inu platform, deflation has been a constant feature. There has been some development, especially with the Shibarium fork, but token burning has been a major focus for the meme coin.
Meme coins launch with vast token supplies, and Shiba Inu had a quadrillion tokens at the start. It wasn’t all too surprising then to find that the community prioritized deflationary measures over most other features. The burn rates are skyrocketing by the day, and in the past 24 hours, Shiba Inu has recorded a 12,842% increase in the burn rate, burning about 12 million tokens in that timeframe.
But burn rates seem to be the only updates from Shiba Inu these days. The SHIB price is still trading on 21% weekly losses, and a surge seems far-fetched, although it has gained 1.34% in the last 24 hours. Raboo might get a relatively smooth takeover in the meme coin sector at this rate.
Solana dips to even worse lows
Shiba Inu is also not the only top altcoin that feels left behind–Solana was dubbed ‘Ethereum Killer,’ but it has only tried to eclipse Ethereum briefly. Solana’s concerns have been even more emphasized lately, as Ethereum’s ETF news reduced the Solana ecosystem to the background.
Already, Solana has the bearish market to contend with, as a massive sell-off about two weeks ago left most crypto projects struggling. Now, its main competitor, Ethereum, is running away with all the attention and momentum. Worse still, the L2 networks–Arbitrum, Base, and Optimism–are already spotting higher Total Locked Values than Solana, and investors are starting to get really worried.
Solana was on track to its $180 resistance level at the start of the month, but market forces saw it decline to support levels at $160 and $150. The token is down even worse now, as the SOL price is around $136.
The predictions are also not too good for Solana and Shiba Inu, as there seems to be little opportunity for a spike ahead. If you’re wondering why their holders are moving to Raboo, the next section is for you.
Join the new meme order with Raboo!
They say change is the only constant, and Raboo says it’s time for some change in the meme sector. The number and quality of memes have decreased over the years, and most of the top meme coins seem more preoccupied with gaining profits than offering real-world utility.
That’s why Raboo will be heading a revolution soon enough. One of its rather innovative steps is the integration of a generative AI in the meme creation process. Raboo can see the growing AI trend in the crypto market, and the project intends to be one of the top players in the AI market soon.
Rabooscan will work hand-in-hand with the members of the Raboo-verse, scouring through their social posts for memeable content from which to create memes. With the growing meme community on Raboo, the crypto-verse will get a regular stream of fresh, fun, and relatable memes.
The impact on other meme coins will be massive, especially the top meme projects. Raboo’s innovations will force Dogecoin, Shiba Inu, and Pepe to return to creating ideal-quality memes. If they don’t, most of their users will troop over to the Raboo-verse–before long, Raboo will absorb their value.
Conclusion
Raboo’s presale has been quite the catch in the crypto market, and even though it’s in the fourth stage, investors are still buying into the project.
There’s a 233% profit potential for the presale, but the real deal is in the 10000% potential when $RABT tokens make it to a top-tier exchange.
$RABT tokens cost only $0.0048; hop on the presale here and watch your profits rise.
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