Memecoins
Shiba Inu, BONK and a hidden gem 100x
One crypto sector that has been buzzing with activity recently is the memecoin sector. Many projects are emerging, promising immense potential and great benefits. However, amid all this noise, analysts have selected three memecoins that will be memecoins to beat for 2024.
These memecoins have shown great potential in the markets while creating a vibrant community around their meme projects. These memecoins are Shiba Inu, Bonk and a new meme king on the block, Raboo. This article will explain why analysts believe this new AI-powered memecoin will become one of the biggest.
Why memecoins are making a buzz
In recent times, memecoins have become a mainstay in the crypto space, generating buzz and entertainment for crypto enthusiasts. However, many of these projects are trendy and have no real use. This causes them to die after a while. However, a new trend of these memecoins is emerging, with engaging communities and good use cases. A memecoin like Raboo is a good example.
Aside from their use cases, these memecoins typically have a low market capitalization and low entry price, making them easily accessible to different classes of investors. Plus, their low prices mean higher growth potential and better returns. So, these coins are generally preferred for scalping better gains.
Shiba Inu: the dogecoin killer
Born into the memecoin community in 2020, Shiba Inu ($SHIB) was created by an anonymous creator known as “Ryoshi”. He belonged to the same dog-themed family as DOGE and was called “The Doge Slayer.” With Tesla founder Elon Musk endorsing memecoin, Shiba Inu achieved a 4,000% increase in 3 months. This perfectly illustrates the trend followed by most memecoins, since the coin has lost more than 90% of its value.
However, Shiba Inu is up over 150% from its price at the start of the year. With various strategic partnerships in the works, Shiba Inu could be a memecoin to watch later in the year.
BONK: The Solana dog meme
Self-dubbed “The People’s Dog Play”, BONK was launched on the Solana network and offered as a free airdrop in 2022. After being listed on major exchanges like Coinbase and Binance, BONK saw a meteoric rise, creating many millionaires who didn’t spend a dime . Unlike most memecoins, the BONK project has found ways to bring utilities to the meme project, hosting several integrations with other products. With multiple integrations and gaming projects still in progress, BONK is a great choice of memecoin to watch this year.
Raboo: the new king of memecoins
Raboo ($RABT) isn’t being called the new king on the block just for the sake of it. Unlike most memecoin projects, Raboo comes with innovative functionality from the start. With the Rabooscan tool, which scans social media for authentic memes and provides insights into those memes, members can now learn more about their favorite memes and even get ideas for other memes.
The Raboo project combines two lucrative markets (the AI and memecoin markets) to create a project dubbed the most exciting memecoin of 2024. Currently at the pre-sale price of $0.0042, analysts predict this coin will make 233 % by the end of its pre-sale. With the team currently in the 3rd stage of its presale, they plan to launch various collaborations that will eventually bring this memecoin to Tier 1 exchanges. At this stage, the coin is expected to be worth 10.00% of its current price.
So, if you are looking for the next memecoin that can generate immense growth, Raboo is a great choice to invest in.
Conclusion
Although memecoins like Shiba Inu and BONK can still offer good returns to their holders, they are unlikely to reach their previous highs again. However, with new projects like Raboo, the future holds great potential. With the promise that Raboo has shown in its current pre-sale phase, indicators indicate that it will see a meteoric rise once it hits major exchanges. Enter before the meteor arrives and get pre-sale tokens here.
You can participate in the Raboo presale here.
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