The post Latest on Solana, Toncoin Phishing Scam and Viral Altcoin Raboo appeared first on Coinpedia Fintech News
Solana’s market value has sharply declined while Toncoin is grappling with an increase in phishing scams. Consequently, investors have turned to newer altcoins like Raboo with robust security measures.
The presale token has continued to advance rapidly in its presales with almost $2 million raised so far. Crypto analysts have attributed Raboo’s rapid rise to its hosting on the Ethereum network that guarantees secure transactions, affirming it as one of the best altcoins to invest in.
Solana faces market turbulence and regulatory uncertainty amid $3 billion drop in market cap
Solana, a prominent L1 blockchain network and contender in the crypto space, has faced significant turbulence recently, shedding a staggering $3 billion in market value amid a broader market downturn that saw major cryptocurrencies like Bitcoin and Ethereum also plummet.
Currently trading around $137 at the time of writing, SOL has declined by about 17% in the past month and remains distant from its previous all-time high, reflecting a challenging market environment where sentiment has turned notably neutral.
Compounding Solana’s woes is speculation surrounding a potential investigation into the blockchain network, as suggested by analyst Crypto Bitlord. Despite unconfirmed reports, the mere suggestion of regulatory scrutiny has triggered widespread concern among investors, highlighting the vulnerability of Solana’s current valuation.
Solana’s future hangs in the balance as the crypto community grapples with these developments. Analyst predictions of a potential price plunge below $100 in the event of confirmed regulatory issues cast a shadow over the blockchain network’s immediate prospects. Investors and stakeholders alike are on edge, closely monitoring any updates that could sway Solana’s trajectory in either direction, as the broader market continues to navigate uncertain terrain.
Rising phishing scams threaten Toncoin users amid telegram integration
Phishing scams are on the rise within the Toncoin ecosystem powered by The Open Network (TON), particularly leveraging ties to the Telegram app. These scams, especially the ones that relate to Toncoin, often involve perpetrators posing as legitimate entities to deceive users into revealing sensitive information or executing unauthorized transactions.
According to a recent Scam Sniffer report, such schemes have drained $300 million from over 320,000 victims in 2023 alone, highlighting their significant impact on Toncoin and other participants in the crypto industry.
SlowMist, a blockchain security platform, has noted a surge in these fraudulent activities within the Toncoin ecosystem. SlowMist founder, Yu Xian, emphasized that phishing attacks often exploit users through fake airdrops and other enticing offers disseminated through groups and channels. These attacks typically target vulnerabilities like anonymous Telegram numbers or promises of non-fungible tokens (NFTs), illustrating the diverse tactics used to compromise TON wallets.
Crypto experts have published safety guidelines for Toncoin investors, emphasizing the implementation of two-step verification security measures and safeguarding against such scams. By implementing two-step verification alongside security measures that are unique to other tokens, Toncoin’s investors and general crypto users can safeguard their assets from fraudsters and scammers.
Raboo emerges as 2024’s leading AI-powered meme coin with 100X launch potential
Raboo, a new presale token positioned to emerge as the leading AI-powered meme coin of 2024, continues to generate considerable buzz in the crypto market. Raboo’s rapid ascent has been traced to its robust security structures with its operations hosted on the Ethereum ERC-20 network and its smart contract audited by SOLIDProof, guaranteeing safe and smooth transactions for investors and crypto enthusiasts.
Raboo offers investors a remarkable opportunity to gain massive returns on their investments. Currently in Stage 4 with a low entry price of $0.0048, investors can expect a massive 233% increase during the presale while a monumental increase of 100x on the launch day awaits them. With ambitions to become one of the top 20 cryptocurrencies by market capitalization, Raboo has been tipped as one of the best altcoins to invest in this year and beyond.
Raboo has already witnessed a 60% increase since Stage 1, underscoring its increasing adoption with over 8,000 memecoin enthusiasts and almost 3,000 token holders already onboarded into its ecosystem. Retail and institutional investors have an opportunity to maximize their returns with a zero-tax feature on buy-and-sell transactions, affirming Raboo’s appeal as one of the best cryptos to buy in 2024.
Conclusion
Investors are nervous amid rumours of a Solana investigation, while Toncoin scams persist, causing losses. Meanwhile, Raboo stands out in the crypto market with novel features that excite meme enthusiasts alongside its potential for massive returns. Raboo’s ability to infuse AI technology into meme culture while creating a secure token underscores its potential to emerge as one of the best cryptos to buy in 2024.
You can participate in the Raboo presale here:
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
