There’s a search ongoing for the next big meme coin that could see major growth this year and two meme coins are being considered Floki Inu and Raboo.
Interestingly it’s believed that these two meme coins don’t just have the potential to substantially increase, but have the tendency to overshadow top altcoins like Avalanche. So which memecoin has the best chance of achieving that level of success? Let’s find out.
Avalanche staking drops as token price tanks
Due to increased volatility in the general crypto market, Avalanche has had difficulty gaining traction recently. While some top altcoins stood resilient in the face of market volatility, Avalanche dropped below to a crucial support level, $25, registering about 19% loss in the past week, with potential for further decline to $20 still present.
From an expert’s perspective, this decrease indicates the existence of internal bearish drivers within the AVAX ecosystem. In fact there’s currently a decline in the amount of AVAX coins invested in the protocol’s staking contracts, which is evident in on-chain statistics, hinting at the presence of a pessimistic trend among Avalanche’s long-term investors.
Floki Inu dips 15%: Whale selling casts shadow on future
Regardless of how volatile the market has been lately Floki Inu still shows slight signs of resilience. As a result of this, experts believe FLOKI may rise by as much as 25% should positive market sentiments improve. However investors must be wary of the widespread selling of FLOKI tokens by big investors, or “whales.”
A blockchain tracking platform recently revealed a massive sell-off of FLOKI tokens by Floki Inu’s largest holders—those with more than a million tokens. This selling pressure could jeopardize Floki Inu’s attempts at recovery, it should come as no surprise that FLOKI has been bearish for days, currently trading at $0.0001167 at the time of writing.
Raboo (RABT) soars 60% in presale, outshining rivals
In contrast to other altcoins that have been stuck in the red for a while, Raboo (RABT), a promising presale token, surprised investors by rising by 60% during the presale.
Investors are hopeful that the platform will surpass well-known coins like Avalanche because of its distinctive tokenomics, which allow users to engage with the community and earn rewards while also advancing the meme sector.
Raboo’s tokenomics are notable for their strategic allocation of all 1.8 billion tokens among different categories within the ecosystem. With 1.134 billion tokens allotted for the presale and 135 millionaire tokens designated for incentives, Raboo continues to demonstrate its dedication to enabling investors to safeguard their investment in the platform while allowing them to participate in engaging experiences.
With RABT up 60% during the current presale, analysts are confident in the token’s ability to rise in value. As a result, they advise investors to take advantage of the massive rise of the presale token by entering the presale at the current price of $0.0048.
Conclusion
It is clear that Floki Inu and Raboo, are emerging as potential competitors to the established altcoin Avalanche. While Avalanche has seen a recent drop in staking and token price, the meme coins have shown contrasting trends.
Floki Inu faces the risk of whale selling, but Raboo has surprised investors with a 60% surge during its presale, suggesting strong investor confidence in tokenomics. This now puts Raboo ahead of FLOKI as the next big meme coin that could potentially be the best cryptocurrency investment of the year.
You can participate in the Raboo presale here:
Telegram – Twitter
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
The post Floki or Raboo: A Hunt For The Memecoin That Could Displace Avalanche In 2024 appeared first on CaptainAltcoin.
