It’s been weeks since the Telegram CEO’s arrest, and the whole TON ecosystem is still reeling from the aftereffects. Toncoin continues to trade below $6 while many TON-based mini Telegram apps bite the bullet. In fact, the new DOGS meme token was not left out. This decline has had whales and investors hedging their bets with the hot new crypto underdog, Raboo. Raboo’s innovative AI-backed meme revolution has jumped an impressive 90% to $0.0057, with liquidation pushing past $2.4M in its ongoing presale. Could Raboo ($RABT) out-shadow Toncoin and DOGS? Let’s find out.
Toncoin’s downward spiral: CEO arrest and network woes trigger 22% plummet.
Weeks after Telegram’s CEO’s arrest in Paris, Toncoin is still reeling from the fallout. TON’s is currently trading below $6, reflecting a 22% drop over the last 30 days. Durov’s arrest on charges related to lack of Telegram moderation and regulation has agitated Toncoin’s troubled water even more.
Despite cutting ties with Telegram, Toncoin’s affiliation as the blockchain backbone of the app has put TON in the legal crossfire Telegram faced. Unfortunately, the recent network outage further eroded investors’ confidence. This exacerbated TON’s falling out of the top ten cryptos by market cap, however TON has managed to climb its way back in.
From hype to heartbreak: Mini telegram app, DOGS plunge 31% after tumultuous launch
The legal trouble Telegram faced took a dark turn on many mini Telegram apps. Not even the overhyped DOGS token could escape it! DOGS had a promising start. But its 31% decline after launch was nothing short of a surprise.
DOGS woes are multifaceted. Durov’s arrest sent a shockwave that knocked the TON ecosystem and Telegram apps like DOGS off their feet. The concerns of a pump and dump scheme and social media FUD that followed the DOGS launch also took a toll. Currently, DOGS has managed to rekindle some of its losses and is now hovering around $0.0010.
Hot new crypto, Raboo, takes the spotlight with double-digit gains. Set to outperform TON and DOGS
It’s a different story for the hot new crypto, Raboo, which has been dropping jaws for its inventive meme revolution and exciting presale that has amassed over $2.4 million. The reasons are clear! This hot new crypto represents an innovative fusion of the meme culture, cutting-edge AI technology and DeFi. Its SocialFi protocol provides a redefining outlook to meme culture and transforms its playful spirit into something more purposeful.
Besides, Raboo’s pioneering Rabooscan AI-powered tool, now in active model development, has struck a chord with meme enthusiasts. This unique ingenuity provides a fertile ground for meme-backed innovation to flourish.
That’s just half the allure! Anyone can monetize their social media and user-generated content with Raboo’s Post-to-Earn program. Additionally, Raboo presale offers an equitable chance to be a part of this meme revolution from rock bottom. Its price has increased a whopping 90%, thanks to growing demand, however it’s still at an enticingly low price of $0.0057, with over $2.4M raised already.
Conclusion
Market giants are stumbling in the tumultuous market conditions. Even popular Telegram apps like DOGS faced a downturn. But Raboo has stood tall with a community-driven focus on the meme culture. Raboo is about infusing value with camaraderie. Analysts have predicted a whopping 100x for Raboo. So, don’t wait by the sidelines.
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
Source: https://blockchainreporter.net/toncoin-and-dogs-toppled-by-dominating-break-out-star-raboo/