Two top DeFi projects—Render and Floki—are experiencing significant growth and bullish forecasts, leading investors to wonder if their rallies will continue into Q4 2024. Meanwhile, debut meme coin Raboo ($RABT) has emerged with promising outlook and recommendations from analysts as a worthy addition to investment portfolios before year-end. What do these altcoins possess that has sparked such investor enthusiasm in them ahead of Q4? Let’s find out.
Coinbase listing fuels Render’s rally: Analysts forecast $7.00 target
Render has been seeing consistent growth lately, increasing by nearly 30% in the weekly charts. CoinMarketCap currently tracks its price at $5.86, but according to analysts, this price level is set to rise in the near future, as the technical indicators, like the Chaikin Money Flow (CMF), keep showing signs of strong upward momentum in the DeFi crypto.
One factor driving RNDR’s surge was the recent announcement by Coinbase to launch Render perpetual futures. This milestone is significant, as it means traders can use leverage to trade RNDR and profit from price movements. With Render’s development experts believe RNDR is positioning itself for a substantial rise that could take it to the $7.00 resistance level.
Javon Marks highlights hidden bull divergence for FLOKI, predicts price surge
The latest charts show that Foki Inu is trending upwards, with price having seen a 22% increase to a current value of $0.0001516, in the past week. But what captivated FLOKI investors the most was the recent post of Crypto analyst Javon Marks on X noting a recent Hidden Bull Divergence for FLOKI—a technical sign that often precedes price increases.
Marks forecasts that FLOKI could reach $0.0002761498, with potential for further gains up to $0.0005467298—a 260% increase from its current price. Meanwhile, FLOKI’s active addresses have fluctuated, peaking at over 11.2k in July and settling just below 8k in August. This range-bound activity indicates ongoing interest in Floki Inu but suggests user engagement hasn’t fully regained previous highs.
Raboo offers huge growth potential with strategic tokenomics
Recent progress made by Raboo, especially in its ongoing presale, makes it a worthy investment choice for the next quarter of the year. But the real interest in this meme coin lies in its relentless pursuit of enhancing the meme sector with its inventive AI and Social-Fi features. Moreover, the meme token possesses noteworthy growth potential, thanks to its well-crafted tokenomics that focus on incentivizing and engaging the platform’s community.
Raboo’s tokenomics is notable for its strategic allocation of all 1.8 billion tokens among different categories within the ecosystem. The tokenomics enables every caliber of investors to engage in the platform’s rewarding activities. This is evidenced by the 1.134 billion tokens allotted for its presale and the 135 million tokens designated for rewards and incentives within the platform.
Given that RABT increased 60% during the current presale, experts are confident in the possibility for the token to deliver substantial gains in the near future. To take part in the presale token’s massive increase, they advise investors to join the presale today by purchasing the DeFi crypto while it still sells at a modest price of $0.0048.
Conclusion
As the crypto market gears up for the fourth quarter of 2024, Render’s recent bullish momentum, fueled by its Coinbase listing, positions it for potential price increases, while FLOKI’s technical indicators suggest significant upside potential.
Also, Raboo’s innovative approach and strategic tokenomics have generated enthusiasm, particularly as its presale demonstrates substantial gains. With such a promising outlook for this meme coin, it is safe to say that Raboo deserves to be included alongside other top DeFi projects that could generate profits in the coming months.
You can participate in the Raboo presale here:
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
Source: https://blockchainreporter.net/can-render-and-floki-maintain-momentum-heading-into-fourth-quarter/