The recent bear market has put Solana in a precarious position. Bears clawing at the price chart has dragged SOL price down to a low of $121 this week. But even as this bright star teeters on the brink, Raboo’s meme-backed ingenuity has made headlines in recent crypto market news. This AI-backed meme revolution has seen massive presale traction that had even BONKinvestors in a hot sweat. Compared to Solana’s 6% 30-day drop, Raboo has blown a massive 90% to $0.0057 with over $2.4M raised already.
Death cross looms for Solana as analysts predict further fall in this bear market
For weeks, Solana has been teetering on the edge as it faces headwinds from the bear market. Recent crypto market news revealed that analysts predict an ominous death cross looming large. The converging 50-day and 200-day EMA and waning buying interest has painted a grim picture for Solana.
Apart from this, the failed US SOL ETF proposals have chilled institutional interest. Now, Solana’s price is under more bear market threat, and a fall to $100 from its current $136 markseems plausible. This month alone, SOL’s price has fallen 6%, while its trading volume has shed a whopping 6.11% to $1.5B.
BONK dropped 10%. Can it reach the new ATH this year?
Solana’s decline stunned its whole ecosystem. Even BONK wasn’t left out of the bear marketdownturn. A 10% drop in the past month has cast a shadow over its once-bright future. This left investors wondering: Can BONK still blaze to new highs this year?
In all honesty, BONK’s 2024 performance was impressive. But despite its 8,075% annual growth, BONK’s rise to a new high seems much harder, especially as disillusioned investors drop its fleeting fad for something more purposeful.
Raboo AI wizardry dominates crypto market news as presale flies high with a 90% gain
While BONK’s fleeting fad sets in, Raboo has remained at the precipice of meme innovation for marrying ingenuity with purpose in today’s burgeoning meme culture. The idea behind Raboowas to create one meme that topples the hype-driven, speculative, and fickle nature of meme coins.
Its proprietary Rabooscan tool pushes the boundaries of meme innovation. It allows meme enthusiasts to hone their meme skills and create meme-worthy content by leveraging data from Web2 and Web3. What attracted investors to Raboo was the deflationary tokenomics that features passive earning streams.
Besides, its Post-to-Earn and SocialFi concept that made crypto market news headlines as they gave a redefining look to monetizing social media and user-generated content. Raboo’s presale is still very much underway. Its limited supply is getting massively snapped up, and the presale has raised over $2.5M already.
Conclusion
For over a decade, the internet’s meme culture has been the lightheaded break from the crypto market drama. But in all these years, there has been little to no focus on innovation. In a market worth over $60B and counting, Raboo’s AI wizardry and meme innovation offer a much-needed breath of fresh air. The price is still at a rock bottom of $0.0057. Experts believe Raboo has everything it takes to go 100x regardless of the bear market pressure.
You can participate in the Raboo presale here.
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Source: https://cryptodaily.co.uk/2024/09/as-solana-bears-loom-raboo-rockets-full-steam-ahead-putting-bonk-investors-on-high-alert