Meme coins ushered a new era into the world of cryptocurrencies. These internet-driven tokens often went viral and generated massive buzz around crypto. They created increased crypto awareness, attracted new investors, and ultimately boosted crypto prices.
If there was ever a token that benefitted from meme coins, it would be Ripple. XRP’s price surged significantly after its launch, even though Ripple had problems. But the biggest beneficiary of the meme coin boom is Raboo.
This project utilizes SocialFi to create a unique offering, and that’s why investors are keen. The Raboo presale is roaring on, and experts believe that the coin will appreciate 100x once it launches.
How XRP price benefited from the meme coin craze
Ripple’s troubles with the United States government are well documented. Soon after it was launched, the SEC deemed XRP a security token and accused Ripple of distributing it illegally. This adversely affected the XRP price and saw it shed a significant portion of its value.
However, XRP’s price found some solace after Dogecoin went viral. The exposure pushed the XRP price above $1.75 for the first time in years. Yet, Ripple’s problem with the SEC was far from over, so its gain was followed by a correction that tanked its price again.
Today, Ripple trades around $0.58 following a recent victory against the SEC. This is a 0.06% increase over the last week, but concerns linger. Should the SEC appeal the last judgment, Ripple could depreciate significantly again.
Experts anoint Raboo upcoming king of meme coins
The internet meme craze took the crypto world by storm. As soon as they were launched, meme coins like Pepe, Shiba Inu, and other top tokens were embraced by the meme community and appreciated significantly.
In fact, the meme coin space had so much success in the past few years that it is valued at over $62 billion today. But this success didn’t come without disadvantages. It led to the creation of derivative meme coins, which proliferated the space and diluted its overall value. Thus the arrival of Raboo is timely and needed.
Unlike most meme tokens, Raboo packs real utility. It combines SocialFi and Artificial Intelligence to create a platform where like-minded crypto lovers can connect and earn. Raboo’s bleeding-edge Roboscan AI technology scans the internet, looking for the freshest new memes being shared online. It scans those memes, gathering a variety of data it uses to produce memes with even more viral appeal for the market.
Additionally, Raboo will offer branded merchandise and a collection of NFTs.
Raboo is expected to rise to the top of the meme coin market; it is currently in presale, available for just $0.0057 per token. This low entry price is particularly attractive, since it opens up room for more appreciation. When Raboo launches later on exchanges, crypto experts believe the token will 100X. However, there’s no telling how high it could soar given its massive potential.
$RABT holders don’t have to wait until launch before raking in gains. Although it’s still in its presale phase, $RABT is expected to appreciate by 233% before its presale ends. This is the reason it’s a crypto investor magnet today.
You can participate in the Raboo presale here.
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Source: https://www.crypto-news-flash.com/xrp-and-raboo-analyzing-the-impact-of-meme-coins-on-established-cryptos/?utm_source=rss&utm_medium=rss&utm_campaign=xrp-and-raboo-analyzing-the-impact-of-meme-coins-on-established-cryptos