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The meme coin market has been quite a roller coaster with WIF nonstop decline and Shiba Inu still fluctuating. Both of these coins have put doubt in their investors, causing many of them to withdraw. Raboo on the other hand although is still in its presale has been making waves. The new AI meme coin has shown potential to generate great returns and has already raised over $1.6 million. Keep reading to find out more. 

WIF: Investors withdraw due to continuous price decline 

The WIF price has declined by more than 40% over the last four weeks, and it is currently trading at $1.60. Dogwifhat, as well as other tokens has been negatively impacted by the shift in sentiment towards meme coins in the cryptocurrency market.   

Even though WIF is showing occasional signs of weakening bearish momentum, the Moving Average Convergence Divergence (MACD indicator hasn’t stopped signaling a bearish crossover for WIF. This crossover indicates that the downward trend might persist, indicating that the WIF price will continue to go down. 

The bearish movements with no signs of recovery has caused WIF investors to withdraw their funds. There has been a notable outflow of capital since June 8th. WIF market volume has declined by 14% in the last 24 hours. This significant reduction in how much the coin was traded reflects a lack of confidence among investors and a shift away from WIF. 

Shiba Inu shows potential for a upward breakout 

Shiba Inu price has been trading downwards since May 30th. Shiba Inu is trading over 80% down from its all time high on October 28th 2021. Analysts predict Shiba Inu could see a surge and if the breakouts are a success, it could lead to a bullish rally potentially taking SHIB to its previous levels.

The optimistic look on Shiba Inu is also backed by on-chain data. SHIB has over the past week seen an uptick in buying pressure. It is currently trading at $0.0000177. This trend shows investors interest in potential reinvestment. In any case, it is crucial to understand that MACD remains on the bearish side, providing a clear indication that Shiba investors should exercise caution. Investors should measure these mixed signals carefully and stay updated with the latest market trends and technical insights. 

Raboo: the hottest meme coin in 2024

Aiming for a slice of the $62 billion market, investors have focused on Raboo’s ($RABT) crypto presale, encouraged by predictions from analysts of 233% profits during the initial coin offering (ICO) and a possible 100x increase after launch. 

The excitement surrounding Raboo’s cryptocurrency presale is intensifying. $RABT tokens started at a ridiculously low price of $0.003 and has swiftly progressed to Stage 4 of its presale, selling for $0.0048. It now has over 8000 registered users and over 2,500 token holders. Even though it is still in its presale Raboo has raised over $1.6 million. This is all thanks to the amazing features it presents to the market. 

Raboo wants to build one of the biggest communities for meme coins possible. It presents competitions where users compete to create the best memes using cutting-edge AI, providing large prizes in addition to continuous amusement. But that’s only the beginning. Social media postings can also be turned into cash with its innovative Post-to-Earn program, and the addition of NFTs together with abundant staking rewards portends a prosperous and eventful year. 

Conclusion 

Meme coins are still on the rise, even though not all are currently doing great. WIF is still on a downward trend and Shiba Inu is struggling to surge. Investors have now looked to Raboo, the newest AI meme coin with great potential as an opportunity to benefit from the market. Raboo presents loads of opportunities, with goals to make its investors lots of money. 

You can participate in the Raboo presale here.

Telegram: https://t.me/RabootokenPortal

Twitter: https://twitter.com/Raboo_Official

*This article was paid for. Cryptonomist did not write the article or test the platform.