Memecoins
Toncoin demand drops, new memecoin trend
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The global crypto market cap stands at $2.54 billion with the growth of Cardano, Toncoin and emerging memecoin Raboo. Raboo is gaining ground with more than 8,000 presale users.
The global cryptocurrency market capitalization increased by $10 million and now stands at $2.54 trillion. Several major cryptocurrencies have played a role in this, including Cardano and Toncoin.
Another contributor is the new memecoin, Raboo. The project quickly became popular in the market due to its exciting features and promising opportunities. Although it is still in pre-sale, Raboo has over 8,000 registered users and over 2,500 token holders. Learn more about the new project.
Experts Advise Investors to Buy Cardano Ahead of Chang Fork
In early April, Charles Hoskinson, co-founder of the Cardano network, revealed an update on the highly anticipated Chang for the Cardano network in an article published on X. This upgrade is expected to take place in June 2024 and promises to be the largest yet. The last one happened in 2022.
The Chang Update is the first hard fork of Cardano’s roadmap since the Voltaire era. It intends to provide community governance to the Cardano ecosystem. When the Chang upgrade is implemented, ADA holders will be able to use their tokens on proposals, which will be a big step towards complete decentralization of the network.
According to expert analysis, investors can take advantage of this crucial upgrade to witness a notable rise in the altcoin. Although Cardano price is currently red, trading at $0.413. Experts advise investors to consider acquiring enough Cardano tokens in order to potentially witness a positive rally that will be triggered by the upgrade, scheduled for the end of June.
Toncoin tokens fall despite reaching ATH
Toncoin price hit a new all-time high (ATH) today, starting June strong with an 8.6% increase. The Telegram-based asset closed above $6.8 for the first time in three weeks thanks to this tremendous increase.
Until June 14, when Toncoin reached a new all-time high of $8.12, TON maintained its upward trajectory. This amount exceeded the previous all-time high (ATH), reached on June 7 at $7.53. Even though significant declines took place in the days that followed, Toncoin ended up increasing by 16.88% over the last 30 days.
In contrast, during the week, Toncoin’s on-balance volume (OBV) generally declined. It went from 155.3 million to 127.8 million tokens. Toncoin is currently trading at $7.85 with an increase of 5.30% in the last 24 hours.
Raboo pre-sales soar, attracting more investors
Raboo is one of the best altcoins to buy this year. This unique meme currency initiative uses AI and creative technology to transform the $62 billion meme market. Raboo moved from stage 1 to stage 4 of its presale, seeing a 60% gain, going from $0.003 to $0.0048. This has attracted the attention of other investors, including Ethereum holders, who now recognize the token’s potential to grow the Ethereum network.
Since Raboo uses both Web2 and Web3 technologies, it sets a new benchmark for meme quality and ensures that only the best memes succeed on the platform. This makes Raboo unique.
Apart from its uniqueness, Raboo’s roadmap charts a clear path for its continued growth in the meme industry. Raboo focuses on building the team in the first phase, bringing together a group of highly skilled and committed developers to ensure the stability and robustness of the project on the blockchain.
Conclusion
It is evident that the much-anticipated Cardano Chang upgrade, which is expected to bring community-focused governance, and the remarkable 60% increase in the value of the new memecoin Raboo (RABT) during its presale are two of the events keys which will cause great consequences. enthusiasm in the industry in the second quarter of 2024. Investors can consider buying Raboo and prepare to make profits once it launches.
For more information, visit Raboo pre-sale site or join online communities at X And Telegram.
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