In a few words, the bull run is not going quite as planned. While many traders grasped months of profit streaks on many projects, we have seen a stellar first quarter followed by a mediocre second. Top meme coins like Dogwifhat (WIF) are deep in losses, while Ethereum ETFs are yet to activate the desired effect.
New launches have been the saving grace so far, and Raboo ($RABT) is joining that list of spectacular launches. The meme token is offering zero buy-and-sell tax, and investors are interested in what more $RABT has in store for its users.
Hang around for more of that.
Bearish June for Dogwifhat
The Solana meme coins were the fans’ favourites in the first quarter of the year, as their airdrops and active bulls kept crypto users in the green. Post-Bitcoin-halving, Dogwifhat has not been as impressive as it once was, and the WIF price worsened in June.
Dogwifhat has succumbed to the market sell-off that scarred the opening days of June. As Bitcoin dipped, WIF, along with the extra-sensitive meme tokens, followed in a steep dive, landing the token in 43% losses in the past month. More than $16 million worth of WIF tokens were sold in the last week, and even more users are moving their assets to exchanges now.
It’s tough being a meme token in such times, as they are usually the most volatile projects. While other coins have bottomed out or are at least holding onto support levels, Dogwifhat is trading below $2 and still falling.
When Ethereum ETFs?
The Ethereum ETF approval was met with much excitement in the crypto market, as ETH went on to claim some Bitcoin’s dominance during the period. Most Ethereum-based projects got ripple effects of the announcements, and traders can’t wait for the ETFs to launch.
That does seem to be taking a while, too, and the SEC was behind it again. The Commission’s position on securities and commodities put Ethereum in a tough spot until last week when the token was approved as a commodity. Now, with full commodity status, all that’s left is to get the Ethereum ETFs live.
The news of Ethereum’s switch to commodity status caused a 3.8% spike in the ETH price timeframes, but that has done little to lift the token out of the red. Ethereum still battles with 8.64% losses on the thirty-day chart.
Even though meme coins like Dogwifhat are down, Ethereum ETFs are a beacon of hope for traders and tokens on the ETH network, which is why Raboo is one investment that makes sense this summer.
The meme coin is making a bold entry, one that could shake the foundations of the meme-verse.
Raboo: Stealing the summer show in the crypto market
Between the extremely volatile market and the ongoing asset sell-off, the most logical step is to hold on to a token with prospects or a new project. And here we have Raboo, checking both boxes with ease.
The $RABT philosophy entails improving the outlook of memes in the crypto-verse with memes of its own. Raboo wants to restore funny, relatable memes back, as the point of memes was to provide entertainment in the crypto-verse, not chase profits.
To handle the meme revamp, we have a generative AI program, Rabooscan, that will be doling out fresh new memes daily to keep users entertained. The AI set-up will be getting a constant feed of memeable content from the Raboo community, which will comprise meme enthusiasts from all over the crypto market.
Raboo will reward its participants for their engagement, as long as the user posts their meme-worthy content through the Post-to-earn feature on the platform. Raboo also offers its users the opportunity to win prizes by taking part in competitions and games, and you don’t have to wait until launch to start winning prizes!
So, prospects and profits, checked. Wait, there are still more profits, too.
Conclusion
Raboo is pulling all the stops in its run-up to launching, and the presale is another major attraction for crypto users.
Looking forward to recouping your losses from the recent bearishness? $RABT tokens offer 233% ROI from the whole presale; you’re a little behind on that, as the presale is currently in Stage 4, but there’s bigger fish to catch.
Raboo is expected to rally 100x when it gets a major listing. The tokens are only $0.0048 now after initially being priced at $0.003 in Stage 1 of its presale.
You can participate in the Raboo presale here:
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
