Tether, the world’s leading stablecoin, has quietly become a key player in the world of meme coins, offering liquidity and stability to an otherwise volatile market. But what role has Tether played in the rise of Dogwifhat?
In this article, we’ll explore how Dogwifhat and Raboo have captured the attention of investors across the globe and offer a glimpse at what might be in store for both of these meme coin darlings.
Dogwifhat’s rise fueled by Tether
Launched on Solana back in late 2023, Dogwifhat has regularly topped lists of the best meme coins to buy. Unlike many crypto projects, Dogwifhat offers no utility, including staking or token burns. Instead, it relies solely on speculation and community hype—factors that have propelled it into the 49th spot in the top 100 cryptos with a $1.7 billion market cap, worth more than $4.5 billion at its peak.
It’s now the third largest meme coin by size, but many are unaware of stablecoin Tether’s (USDT) effect on Dogwifhat. Tether itself is the third largest token by market cap, with over $119 billion USDT in circulation. Tether provides a stable trading pair for Dogwifhat, with its widespread adoption making WIF trading highly accessible.
Given its huge presence in the market, USDT acts as an on-ramp for many traders, increasing the pool of investors able to trade Dogwifhat. This ease of trading undoubtedly helped push Dogwifhat’s price from just $0.15 in January to more than $4.7 in March, with high-profile exchange listings, such as Binance, helping to increase its visibility.
While Dogwifhat’s price has hit $2 today, some speculate it could be due for a serious bullish run in the coming weeks, potentially reclaiming the $4 mark. However, with Raboo in the picture, gains might be limited for current WIF investors.
Raboo’s new AI crypto rakes in $2.4 million
After raising more than $2.5 million in its ongoing presale, Raboo’s epic run is just getting started. It’s already surged 90% to hit $0.0057, up from its original price of $0.003, with a projected 143% left to climb before the token launches. Some, however, think Raboo has 100x in store when it hits exchanges, set to follow in Dogwifhat’s footsteps.
Raboo is a new project where memes and AI collide. It uses an AI tool, Rabooscan, to scrape and generate the hottest memes, allowing users to enter them into competitions for profit and monetize their meme-making skills on social media via a Post-to-Earn feature.
Like Dogwifhat, Raboo is also aiming to build one of the largest meme-based communities in Web3, with thousands already locked in. Many point to the 0 buy or sell taxes, a deflationary token-burning mechanism, and upcoming staking pools as key incentives for users to join in on the action.
With momentum building in the generative AI and meme coin sectors, Raboo looks like the perfect opportunity to ride this wave. This under-the-radar opportunity might just be the best meme coin to buy right now. Spaces are filling up in the presale, and there are rumors it could sell out in weeks—don’t sleep on Raboo.
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
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