Raboo ICO surpasses $1.6m as MEME and dogwifhat falter

Raboo’s ICO raises over $1.6 million, capturing investor interest amidst declining MEME and dogwifhat prices.

Investors are always on the lookout for the next big crypto, irrespective of market sentiments. Memecoin (MEME) and dogwifhat (WIF) used to occupy this sweet spot, but the recent depreciation of MEME and dogwifhat price has investors looking for other options. 

Raboo, a new token in the meme sector, is filling this void. Having raised over $1.6 million from the public, Raboo appears to have what it takes to be the next big crypto. It is currently in presale Stage 4, with analysts expecting a 100x gain or more once it lists on exchanges.

dogwifhat price tumbles, wiping out months of gains

dogwifhat is a top token in the crypto meme world and was seen by many as the next big crypto token when it launched. Modeled after a dog wearing a pink hat, it takes root from DOGE, the token that started the whole meme craze. Like most memecoins, WIF has no intrinsic utility; it’s just a meme. 

WIF was pushed to the limelight by a pro-meme crowd on Solana following its launch in December 2023. Since that time, dogwifhat price has seen a majorly upward trajectory. WIF hit a peak of $3.22 in March 2024 and followed it with an ATH of $4.85 on the 31 of March. 

Since then, WIF has had a turbulent period. It has fallen to $2.67 in the last month, wiping out periods of gains. On the weekly scale, WIF is down 21%, as corrections continue after the recent ATH. Being a top coin in the meme sector, WIF might recover and bounce back, but that hasn’t stopped it from leaking investors.

Memecoin slips as trader activity ebbs

Memecoin (MEME) entered the meme coin space with a huge ambition – to be the king of meme coins. This informed the token’s enigmatic name: Memecoin (MEME). However, after intervals of price surges, MEME seems to be towing WIF’s recent performance. 

The token peaked in December 2023 and March 2024 to hit highs near $0.06. Today, it has shed over half its value and trades around $0.024. In the last month and week, WIF fell 1.5% and 20%, respectively.

Additionally, MEME’s daily trading volume has dropped significantly. Not long ago over $100 million MEME tokens were traded. In the last 24 hours, MEME’s 24 hour trading volume has dropped by 13.30%. This suggests that investors could be ditching the token for other meme projects.

Raboo ICO keeps attracting crypto investors 

Unlike most memecoins that are DOGE derivatives and have no utility, Raboo comes bearing gifts. It blends meme culture with SocialFi and artificial intelligence to create a hub of crypto meme lovers. In this community, members can connect and earn money by participating in community activities. 

In return for their efforts, they get awarded tokens as well as NFTs crafted by Raboo’s proprietary AI tech. This incentive builds a strong vibrant community, which will keep Raboo’s fire burning and its price on an upward trajectory. 

The token is currently in presale Stage 4, having raised an impressive $1.6 million from investors. Even more, the token RABT, is now available for $0.0048, and has appreciated 60% during the presale so far alone. Industry experts expect RABT to further appreciate by 233% before the presale ends.

Conclusion

In recent times, the MEME and dogwifhat price suffered a drop, making crypto investors seek other options. And Raboo fits this sweet spot. It offers huge potential and could make a 100x gain once it lists on exchanges. That’s why investors are rushing its ICO, which keeps roaring on. 

Users can participate in the Raboo presale here, and reach out on Telegram: https://t.me/RabootokenPortal and Twitter: https://twitter.com/Raboo_Official.