As a memecoin explosion seemed imminent, investors looked to Pepe and Dogecoin in hopes that they would be their next big buy. But after Raboo’s ($RABT) AI update, some PEPE and DOGE supporters poured money into the $RABT presale as speculation of a 100x explosion grew. Read on to learn more.
Can Pepe make a comeback?
After becoming one of the top 20 cryptocurrencies in 2024, Pepe has experienced a turbulent few months. In February, Pepe was worth just $0.000001; just three months later, at the end of May, it jumped to $0.00001718, a gain of 1,618%. At its peak, Pepe had a market cap of nearly $7 billion, ranking among the top 20 cryptocurrencies at the time.
Since then, PEPE has been in a strong downtrend, recently falling to a low of $0.00000603. Many pointed to the launch of new meme coins including Raboo, Brett, and Sundog as the main reason why attention has turned elsewhere. However, after setting a higher low of $0.00000644 on September 6, PEPE appears to have ended its recent downward momentum, rising to $0.00000764. Now, investors are waiting for further bullish signs amid a possible recovery in PEPE.
Dogecoin whales flock to the
Like Pepe, Dogecoin has been a relative underperformer over the past few months. While still one of the most popular meme coins with a market cap of $15.71 billion, Dogecoin has been on a downtrend since its highs around $0.22 in early April and is currently testing the $0.10 region.
Most people in the cryptocurrency community remain generally bullish on Dogecoin. On September 10, whales traded more than $800 million in Dogecoin, and Elon Musk’s continued support has also bolstered bullish sentiment. However, as Raboo has gained popularity, some Dogecoin investors have turned their attention to the RABT presale.
Raboo's AI update sparks investor interest
Raboo is quickly becoming one of the most sought after meme coin projects. Blending the worlds of AI and meme coins, Raboo is a community token built on the SocialFi model.
Its flagship feature, Rabooscan, searches for memes in social media and feeds them into an AI-driven meme generation tool. Users can use AI-generated memes to participate in regular competitions and win community votes for a chance to win a large number of $RABT tokens. In a recent update, the Raboo team announced that the data collection phase of Rabooscan is now complete, and the next step is the model development phase.
Other avenues of monetization within the Raboo ecosystem include the Post-to-Earn program, where users can monetize their social media posts, an upcoming staking pool, and an NFT project currently in the pipeline. Add to that the fact that there are no transaction taxes and fully audited smart contracts by SolidProof, and Raboo is poised to become one of the top 20 crypto superstars.
Currently, Raboo is in Phase 5 of its presale and has raised over $2.4 million from thousands of investors. The current price is $0.0057, up 90%, and is expected to continue to rise by 143% during the presale.
