AI Meets Memes: Raboo Poised to Outpace The Graph and Injective in 2024
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/Raboo/ – The bear market in the second quarter of 2024 affects a broad range of cryptocurrencies. As the Fear and Greed Index increases to 76, token holders continue to buy irrationally. The growing interest in AI cryptos has diverted attention to The Graph, Injective, and Raboo, among others. Investors are particularly interested in the Raboo presale, which is predicted to surge up to 100x in 2024. This article explores the AI-backed prospect.
Market Sentiment Doesn’t Boost The Graph Token
The Graph has recently partnered with Ethereum and Solana to expand its ecosystem and make it easier for developers to build and deploy decentralized applications (dApps). This promising collaboration aims to simplify dApp development and improve user experience across both Ethereum and Solana.
As The Graph works to strengthen its position, its developers are focusing on strategies to increase its total value locked (TVL) metric. However, the announcement of the new partnerships did not boost the value of The Graph token. In fact, within 24 hours the price dropped 12.4% to $0.31 between May 22nd and 23rd.
With its current market sentiment, analysts are forecasting that The Graph token could see a slight rise from its current level if the overall market excitement persists. Their projections suggest the price of The Graph could increase to $0.33 by May 30th.
Injective Struggles As Price Continues To Plummet
Injective introduced a new liquidity program to incentivize liquidity providers to support emerging assets. This move has attracted dApps seeking to list on the platform. The recent Volan upgrade brings a wealth of significant changes to the Injective mainnet, including the addition of Real-World Assets (RWA).
Furthermore, Injective has announced its integration with MetaMask, enabling seamless trading experiences. This collaboration has expanded Injective’s reach, but it has not really done much to reverse the price deterioration.
Despite these integrations, Injective is in free fall. The Injective token has dropped by 4.5% over the past month. At $25.58 apiece, Injective’s market cap continues to creep below $2 billion, causing the token holders to turn to alternative tokens like Raboo.
Raboo Pioneers the Adoption of AI-Generated Memes
New cryptos tend to make many promises without concrete plans for fulfilling them. Raboo is a new crypto that distinguishes itself by having well-defined strategies for delivering on its promises. This innovative crypto combines AI-generated memes and Social finance into its ecosystem.
Raboo has a unique platform that encourages community engagement through NFT trading and selling special merchandise. By doing this, Raboo will gain immense popularity in the meme coin sector. Raboo’s ongoing crypto presale will feature the sale of $RABT tokens at an attractive rate of $0.0042 each.
$RABT tokens are the ERC-20 based native tokens that power the Raboo platform. $RABT token holders can use the platform’s innovative SocialFi model to earn extra tokens by participating in weekly, monthly, and quarterly challenges.
Conclusion
While The Graph and Injective are strong coin alternatives, their poor price activity has them in Raboo’s shadow. Raboo is ushering in a new era of AI cryptos and its success is evident from its presale. According to analysts, the true potential of AI-backed coins will play out in the third quarter of 2024.
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