Raboo ICO surpasses $1.6 million as MEME and dogwifhat falter

Raboo ICO raises over $1.6 million, garnering investor interest amid falling MEME and dogwifhat prices.

Investors are always on the lookout for the next big cryptocurrency, regardless of market sentiments. Memecoin (MEME) and dogwifhat (WIF) used to occupy this sweet spot, but the recent price depreciation of MEME and dogwifhat has investors looking for other options.

Raboo, a new token in the meme sector, is filling this gap. Having raised over $1.6 million from the public, Raboo appears to have what it takes to be the next big cryptocurrency. It is currently in Stage 4 pre-sale, and analysts are expecting a 100x or more profit once it is listed on the stock exchanges.

Dogwifhat price drops, wiping out months of profits

dogwifhat is a major token in the crypto meme world and was seen by many as the next big crypto token when it was launched. Modeled after a dog in a pink hat, it has its roots in DOGE, the token that started the entire meme craze. Like most memecoins, WIF has no intrinsic utility; It's just a meme.

WIF was thrust into the spotlight by a pro-meme crowd on Solana after its launch in December 2023. Since then, dogwifhat's price has seen a significant upward trajectory. WIF peaked at $3.22 in March 2024 and followed it with a ATH of $4.85 on March 31.

Since then, the WIF has gone through a turbulent period. It has fallen to $2.67 in the last month, erasing periods of gains. On the weekly scale, WIF is down 21% as corrections continue following the recent ATH. Being a major coin in the meme sector, WIF could rally and recover, but that hasn't stopped it from losing investors.

Memecoin falls as trader activity declines

Memecoin (MEME) entered the meme coin space with one big ambition: to be the king of meme coins. This informed the enigmatic name of the token: Memecoin (MEME). However, after intervals of price increases, MEME appears to be dragging down WIF's recent performance.

The token peaked in December 2023 and March 2024 will reach highs close to $0.06. Today, it has lost more than half its value and is trading around $0.024. In the last month and week, the WIF fell 1.5% and 20%, respectively.

Furthermore, MEME's daily trading volume has decreased significantly. Not long ago, more than $100 million worth of MEME tokens were traded. In the last 24 hours, MEME's 24-hour trading volume has fallen by 13.30%. This suggests that investors could be abandoning the token for other meme projects.

Raboo ICO continues to attract crypto investors

Unlike most memecoins that are derivatives of DOGE and have no utility, Raboo comes with gifts. Combine meme culture with SocialFi and artificial intelligence to create a hub of crypto meme lovers. In this community, members can connect and earn money by participating in community activities.

In exchange for their efforts, they receive tokens and nfts made by Raboo's proprietary ai technology. This incentive builds a strong and vibrant community, which will keep the Raboo fire burning and its price on an upward trajectory.

The token is currently in Stage 4 pre-sale, having raised an impressive $1.6 million from investors. Even more, the RABT token is now available for $0.0048 and has appreciated 60% during the pre-sale alone so far. Industry experts expect RABT to appreciate further by 233% before the pre-sale ends.

Conclusion

In recent times, the price of MEME and dogwifhat suffered a drop, causing cryptocurrency investors to look for other options. And Raboo fits this sweet spot. It offers huge potential and could make a 100x profit once it is listed on the exchanges. That's why investors are rushing its ICO, which continues to roar.

Users can participate in the Raboo pre-sale hereand contact Telegram: https://t.me/RabootokenPortal and twitter: twitter.com/Raboo_Official” target=”_blank” rel=””>https://twitter.com/Raboo_Official.