The crypto market has been unstable for a number of coins, including Dogecoin and Ethereum. The states of uncertainty in these coins has been a cause for concern for their investors. Raboo, on the other hand, has continued to surge in its presale numbers, attracting more investors worldwide. The AI integrated meme coin shows potential for great returns and promises other rewards. Keep reading to find out more!
Dogecoin: bulls prepare to take over
Dogecoin has not been performing well for a few weeks. But the bulls are now gradually pushing to take over. Dogecoin’s price is currently at $0.1218 that is a decrease of 1.22% in the last day.
Dogecoin’s price was up by 2% on Thursday. Dogecoin’s on-chain data reveal and derivatives show key insight that may help predict its price movement. Dogecoin might however be looking to go bullish.
The on-chain data company Santiment recently published a study on the 30-day MVRV (Market Capitalization by the Realized Capitalization) of six of the top 10 cryptocurrencies, including Dogecoin. . According to the analysis, a cryptocurrency’s likelihood of seeing a potential short-term price spike increases with its MVRV. Dogecoin has the lowest MVRV, -16.7%, which translates to “very bullish.”
Hope for Ethereum as it stays above support zone
Since June 7th Ethereum has been trading red, although it has seemed to stabilize around the $3,500 price point. ETH has been showing some positive signs, surpassing $3,550 multiple times over the last seven days. However this week, Ethereum has not been able to exceed $3,650. On June 17th the price increased to $3,647 but swiftly tumbled to a weekly low of $3,378. Ethereum’s price is currently trading at $3,478, which reflects a 0.85% price decrease over24 hours.
It is possible that Ethereum could begin yet another significant downturn if it is unable to break through $3,560. The first downward support is located close to $3,485. The Ethereum price could fall, heading towards $3,420 if there is a clear break below the support level. If the price does continue to decrease, Ethereum could see its price moving towards the vicinity of $3,350. The battle between bulls and bears will determine the next phase of Ethereum price.
Raboo surpasses $1.8 million in presale
Raboo is a new initiative that combines artificial intelligence, social media, and memes. Essentially, it forges a close-knit group of enthusiasts for cryptocurrency memes who has a strong incentive to make constructive contributions to the community. Raboo believes this community is the key to the success of their movement.
Raboo has gone through various stages of its presales and has raised over $1.8 million. It is now in Stage 4, selling its presale token for $0.0048. Raboo presents its token holders with a chance to earn and win prizes even before its launch.
$RABT holders can take advantage of the project’s unique social-fi model to earn extra tokens by competing in weekly, monthly, and quarterly challenges and special giveaways to earn $RABT and rewards. All of its amazing features have led analysts to expect the price of Raboo to grow 233% during the presale, and 100x on launch day.
Conclusion
Both Dogecoin and Ethereum are popular coins in the market, known to give their investors good returns. However they are currently in that phase of uncertainty. Raboo on the other hand has proven to be a good investment opportunity despite still being in its presales stage. It is 2024’s most exciting memecoin expected to 100x this year.
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
This news is republished from another source.
