Cardano’s Chang Fork update: Toncoin demand drops, new memecoin trending

Global crypto market cap rises to $2.54T with growth from Cardano, Toncoin, and emerging memecoin Raboo. Raboo gains traction with 8000+ users in presale.

The global cryptocurrency market capitalization has increased by $10 million and is now at $2.54 trillion. Several top cryptocurrencies played a role in this including Cardano and Toncoin. 

Another contributor is the new memecoin, Raboo. The project has quickly grown popular in the market due to its great features and promising opportunities. Although still in its presale, Raboo has over 8000 registered users and over 2,500 token holders. Find out more about the new project. 

Experts advise investors to purchase Cardano before Chang Fork

In early April, Charles Hoskinson, a co-founder of the Cardano network, revealed an update on the much-awaited Chang for the Cardano network in an article published on X. This upgrade is anticipated to take place in June 2024, promising to be the most important one yet.  The last one happened in 2022. 

The Chang update is the first hard fork of Cardano’s roadmap since the Voltaire era.  It intends to provide community-driven governance to the Cardano ecosystem. When the Chang upgrade is put into effect, ADA holders will be able to use their tokens on proposals, which will be a big step toward the network’s complete decentralization. 

As to experts’ analysis, investors can take advantage of this crucial upgrade to witness a noteworthy increase in the altcoin. Although Cardano price is currently red, trading at $0.413. Experts advise investors toto consider acquiring enough Cardano tokens in order to potentially witness a positive rally that will be sparked by the upgrade, which is scheduled for late June.

Toncoin tokens drops despite hitting ATH

Toncoin price hit a new all time high (ATH) today, starting June strong with a 8.6% increase. The Telegram-based asset closed above $6.8 for the first time in three weeks thanks to this tremendous increase. 

Up until June 14th, when Toncoin achieved a new all-time high of $8.12, TON kept up its upward trajectory. This amount exceeded the previous all-time high (ATH), which was reached on June 7th at $7.53. Even though there were significant drops in the days that followed, Toncoin ended up increasing 16.88% over the last 30 days. 

On the other hand, during the week, Toncoin’s on-balance volume (OBV) generally decreased. It went from 155.3 million to 127.8 million tokens. Toncoin is currently trading at $7.85 with a 5.30% increase in the last 24 hours. 

Raboo presale soars, attracting more investors 

Raboo is one of the top altcoins to buy this year. This unique meme currency initiative is using AI and creative technology to transform the $62 billion meme market. Raboo has advanced from Stage 1 to Stage 4 of its presale, seeing a 60% gain from $0.003 to $0.0048. This has attracted the attention of other investors, including holders of Ethereum, who now recognize the token’s potential to further the Ethereum network. 

Because Raboo uses both Web2 and Web3 technologies, it sets a new benchmark for meme quality and makes sure that only the finest memes are successful on the platform. This makes Raboo unique. 

Apart from its distinctiveness, Raboo’s roadmap lays out a precise course for its continued growth in the meme industry. Raboo concentrates on team formation in the first phase, assembling a highly qualified group of developers committed to guaranteeing the project’s stability and robustness on the blockchain. 

Conclusion 

It is evident that the much awaited Cardano Chang upgrade, which is expected to bring community-driven governance, and the remarkable 60% increase in value of the new memecoin Raboo (RABT) during its presale are two of the key events that will cause great excitement in the industry in the second quarter of 2024. Investors can consider purchasing Raboo and prepare for profit once it launches. 

For more information, visit Raboo’s presale website or join the online communities on X and Telegram.