TRON’s price dropped recently while AEVO, after peaking in March 2024, has now fallen to $0.42. Meanwhile, a new meme token that has been tipped as a top altcoin to watch in 2024 has raised over $2 million. Raboo ($RABT) presale token has continued its upward trend in August 2024 with over 10,400 users capitalizing on its low entry price of $0.0048. Anticipations for Raboo’s launch continue to heighten, underscoring the presale token as one of the top cryptos to buy in 2024.
TRON declines amid broader market volatility
Over the past week, TRON saw its price decrease by 9.60% to $0.1244, despite expectations of an upward trend as August begins. Although the trading volume for TRON recently increased by 42.0%, while its circulating supply slightly decreased to 87.11 billion, placing its market cap at $10.8 billion, there are still notable indications of significant volatility amidst broader market dynamics.
Recently, H.E Justin Sun, TRON’s founder, unveiled a strategic roadmap aimed at solidifying TRON’s market position and fostering a new price rally despite the prevailing volatility and general bearish sentiment in the crypto market. Most of the new features proposed by Justin Sun revolve aim at integrating stablecoin payments, expanding TRON’s economic and trade management team with top talent, and utilizing memes to enhance resilience and popularity. TRON’s investors are now hopeful that these measures might solidify TRON’s leadership in blockchain and crypto, inspiring a new price rally.
Furthermore, forecasts from Changelly, a popular crypto data analytics platform, predicts TRON’s price to stabilize at $0.12 in August. On Top of that, TRON’s daily trade volume exceeds $270 million, highlighting strong investor confidence. Technical indicators such as the RSI suggest bullish prospects, reinforcing optimism about TRON’s future growth and market performance.
Aevo set to implement economic adjustments after major decline
AEVO, which peaked at $4.46 in March 2024, has now plummeted significantly, causing investors to reduce exposure to the token which was once regarded as one of the top cryptos to buy. In response to this drastic drop, the project has revised its economic model. However, staking rewards will remain fixed at 100,000 AEVO per week to maintain system sustainability.
In alignment with the original token economy approved by the DAO, excess revenue generated by Aevo DEX will be allocated for token buybacks, aiming to bolster token value. Within July to December 2024, at least 1 million AEVO have been allocated for repurchase and subsequent management by the DAO’s Treasury and Revenue Management Committee. These efforts emphasize transparency and stability, with repurchased tokens returned to the public DAO Treasury.
Despite the efforts to stabilize, AEVO’s price recently plunged due to a major token unlock event. The unlock released 82% of the total supply, leading to substantial sell-offs. Prominent crypto influencer Marius.capital criticized the move, highlighting the significant token holdings of the Aevo team and investors, and raising concerns over the project’s tokenomics and governance practices.
Raboo AI meme coin: Innovation meets memes in the crypto market
Raboo, an innovative AI meme coin crafted with advanced technology, offers $RABT holders the chance to earn tokens and win prizes even before its official launch. Built on the Ethereum ERC-20 network, Raboo allows meme enthusiasts to monetize their social media content through its ‘Post-to-Earn’ platform. The smart contract, audited by SOLIDProof, ensures security and reliability as Raboo merges the world of memes with digital assets.
Raboo also introduces Rabooscan, an exclusive AI-powered technology that scours social platforms for fresh memes, evaluating them against specific criteria to gather in-depth information. This data fuels the creation of AI-generated memes, enhancing the meme culture. Furthermore, Raboo will soon release exclusive branded merchandise, highlighting the meme token as one of the top altcoins to watch this year.
Raboo aims for listings on Tier 1 exchanges as it gains momentum, making it an irresistible option for major platforms. The presale token holders will have exclusive access to Raboo NFTs, showcasing the team’s creativity and offering potential rewards and perks. Additionally, an upcoming burn event will reduce the token supply, potentially increasing the value of $RABT holdings and ensuring long-term benefits for the community.
Conclusion
TRON’s price has recently declined, while AEVO faced significant drops, prompting adjustments to its economic model. Meanwhile, Raboo is outperforming other tokens as meme investors remain bullish on Raboo, noting its unique features and prospects for mass adoption. Raboo, which is currently holding a flash sale that doubles the automatic stage bonus from 10% to 20% has now been tipped as one of the top cryptos to buy in 2024.
You can participate in the Raboo presale here:
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
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