Finding the right coin to invest in this period has become quite difficult. This is because of the fluctuating market. Coins such as Solana and Bonk are currently trading red, causing concern for investors. Raboo, however, has served as a beacon of hope to investors looking for investment opportunities.
Raboo is a new AI meme coin designed with various features, promising 100x before the end of the year. Find out more.
Solana price continues to record lows
Solana is yet another attractive cryptocurrency with several aspects of the system seeming to be quite enticing, and the chain is one of the brightest examples of innovation. Solana’s fees are exceptionally low, just $0.00001, while the transaction time is incredibly short, 2.5 seconds maximum, or up to 65,000 TPS- the proof of blockchain’s high effectiveness and operational capacity.
The Solana price, the most volatile altcoin in the cryptocurrency market, has dropped 1.43% in the last day and dropped by 17.5% in trading volume. The average of the Relative Strength Index (RSI) has been steadily declining, and it has not been able to rise above its neutral position. Because of this, the trendline has been continuously moving near its oversold zone, further pointing to a rise in selling pressure in the cryptocurrency market.
The Solana coin price may resume pace and challenge its resistance level of $155, if the market keeps it above its critical support level of $127. Furthermore, if market mood turns more optimistic, the price of Solana cryptocurrency may advance toward its upper resistance level of $181.50.
Bonk: downward trend continues with no signs of retracement
Bonk’s price continuous decline sends shockwaves through the cryptocurrency market and casts doubt on the company’s future. However, the coin is doing everything possible to climb back up. Bonk has been gradually expanding its functionality to incorporate integration for decentralized finance (DeFi). Among other crypto market ecosystems, the project integrates with NFT marketplaces and cross-chain messaging protocols.
Bonk is currently at $0. 00002043 and has decreased by 16.9% on the weekly chart. This has been a trend for weeks now and investors have been concerned about it. $0.000020 has been a strong support since mid-March, as the price has pierced through the level only once. In previous instances when BONK bounced from the $0.000020 area, BONK was also gaining support from its DMAs.
While there is no guarantee that BONK will bounce again this time around. Investors are optimistic.
Raboo presale continues to make waves
All signs point to the creation of the AI-backed meme coin as one of the top currencies for investment in 2024, and the final few months of the presale splash have further demonstrated this. Raboo began trading at $0.003 and is currently in stage 4 at $0.0048. Raboo has grown in the most important areas. The token price has risen significantly, rising from the first stage to the fourth stage at a 60% increase.
Even in the presale phase, 8000 people have registered for the newly created AI meme coin, which is simply incredible. Raboo is the greatest coin to invest in right now. Approximately 2500 people have purchased Raboo tokens.
Raboo has done so much in a short while and all this at the presale stage, so what more could be done to shock us currently? According to analysts, Raboo is on the path to seeing a 100x increase at launch.
Conclusion
Raboo is clearly here to stay, as seen by its continued success. It is unquestionably the greatest coin to invest in right now because of its amazing presale growth and expanding community! Raboo continues to increase at each stage, offering investors like you a new and exciting chance while Dogecoin and Bonk struggle. Don’t let the thrill pass you by!
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.