Two contradictory narratives are currently dominating the crypto market. On the positive side, Raboo ($RABT), the trending meme coin that is seeing notable growth. Conversely, SUI has lost its weekly gains as it approaches a significant token unlock, and Floki Inu has tanked nearly 20% in just 24 hours.
But what’s particularly intriguing is Raboo’s impressive growth in user registrations and token holders. Discover why this new meme coin could be one of the best coins to invest in 2024.
FLOKI Plunges Nearly 20% daily Amid Recent Partnership
The University of Miami Athletics recently announced its partnership with Floki Inu for its 2024–2025 campaign. This partnership will focus on promoting Floki Inu’s blockchain game called Valhalla—a Massively Multiplayer Online Role-Playing Game (MMORPG).
The Floki Inu Community reacted favorably to the news of this partnership, and this caused FLOKI’s daily trading volume to soar to above $500 million. Unfortunately, the news could not prevent FLOKI’s price from falling. In just 24 hours FLOKI plunged by 17% to a current price of $0.000125. This decline has left several analysts uncertain on whether Floki Inu would be worth investing in days to come.
SUI price takes a hit ahead of anticipated token unlock
SUI Network is about to witness its next token unlock, which is believed to be one of the largest kind. In this token unlock, about $81 million worth of SUI tokens will be released, representing around 3.23% of SUI’s total market value.
Amidst the token unlock, SUI’s price has fallen by 21% weekly. This is not surprising, as token unlocks can often lead to price drops. CoinMarketCap tracks the price of SUI at a current price of $0.801, but experts believe SUI may trade lower than this in the coming days, unless SUI Network backs the unlock with a notable development within its ecosystem.
Why Raboo could be the next meme coin sensation
Top DeFi projects like SUI and FLOKI are experiencing losses, but investors are keen to cash in on the expanding meme industry, particularly Raboo. With over 11,000 users enrolled in its presale and more than 3,000 presale token holders, Raboo is poised to become one of the most sought after tokens in the $62 billion meme sector.
Raboo has made significant progress with Rabooscan, its AI meme generator. The development team recently completed the initial development phases, which focuses on data acquisition and organization to enhance platform performance. They are now working on creating the model itself, the next crucial step.
In addition to its AI meme generator, Raboo plans to launch with a Zero Buy and Sell Tax which means that users won’t be paying any taxes. Interested in Raboo’s benefits and potential earnings? You can buy the presale token for just $0.0048 and watch for a possible 10,000% price increase upon listing on major exchanges.
Conclusion
The current development surrounding Raboo is really emerging as a notable asset in the meme sector, thanks to its rapid user growth , Zero Tax policy and its AI-driven Rabooscan feature. On the contrary, SUI’s declining performance reflects the risks associated with token unlocks.
Similarly, Floki Inu’s sudden fall, despite its recent partnership shows how volatile the market can be.
However, regardless of the difficulties presented by these top DeFi projects , investors may still find innovative projects like Raboo as a profitable alternative.
You can participate in the Raboo presale here:
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
Source: https://blockchainreporter.net/trending-memecoin-raboo-pumps-whilst-sui-and-floki-sheds-weekly-gains/