Everyone seems to have hit a snag recently, especially with the latest labor report from the US and the massive sell-off that followed. Dogecoin (DOGE) has tried–and failed–again to string profits together, but the market seems to be against it.
Dogecoin (CRYPTO: DOGE) and Notcoin (CRYPTO: NOT) both suffered losses last week as the market continues to experience turbulence.
In contrast,立ち遅れている meme coin Raboo ($RABT) witnessed a surge in interest with its presale, powered by a unique AI integration.
Dogecoin encountered double-figure losses once again. The dog-themed meme coin's price and trading volume both declined significantly over the past month. Despite efforts to regain momentum, even whale accumulation failed to propel DOGE's price to new heights.
The release of US labor reports had a detrimental effect on the coin. While the reports were generally unfavorable for the market, Dogecoin experienced the worst of it.
After Friday's losses, DOGE showed no signs of recovery, and both its trading volume and the number of active addresses suffered.
Over the past two weeks, several whales had been accumulating DOGE tokens in an attempt to drive up its price; however, their activity now appears to be cooling off.
As both trading volume and the number of active traders decreased, it serves as a clear indication of bearishness. Currently, Dogecoin's price is down 12% over the past week, suggesting that the meme coin may be in urgent need of an altcoin rally.
Notcoin's uptrends appeared to have reached a plateau.
The token, which initially garnered substantial hype, now seems poised for a price correction to $0.02. Upon closer examination, it becomes evident that the token's strength was largely superficial, lacking in several key metrics.
For instance, the Relative Strength Index (RSI) remained below the neutral mark throughout, indicating that Notcoin was frequently overbought. This scenario made the current price correction almost inevitable.
Furthermore, the weighted sentiment across the crypto-verse pointed towards mass Notcoin holders selling off their investments, attempting to cash out whatever they could before the token's price took a drastic downturn. With a loss of about 21% over the past week, Notcoin's recovery from this setback is unlikely to be easy.
As the top crypto coins hesitate on their next move, their investors are either watching the charts cautiously for the first signs of trouble or jumping ship to more promising projects.
Raboo stands ready to receive their calls.
Multiple crypto analysts have predicted 2024 to be the year for AI development in the crypto-verse. Even Bloomberg anticipates the generative AI market to be valued at over $1 trillion by 2030.
With this vast prospect, Raboo certainly aims to be a major participant in that economy. The Rabooscan is Raboo's own generative AI, designed to revolutionize meme production.
It gathers users' memeable posts from their socials to create fresh memes, ultimately purging the crypto-verse of the substandard memes we've come to know. In a way, Raboo is preparing for war against the top meme coins.
Yet, even amidst this battle, $RABT users have nothing to worry about. They're set to generate a passive income through the Post-to-earn feature on Raboo.
For every memeable GIF, picture, or video you post, you get rewarded from the Raboo token supply.
Raboo is also giving meme enthusiasts a chance to stack up $RABT tokens even before the launch. Below is your own slot.
Get started on Raboo now by purchasing $RABT tokens. Each token is priced at $0.0048, and there's a 233% profit pool for each user to tap into.
This is separate from the expected 100x when $RABT coins are listed on a top-tier exchange. So why wait? Head over to the presale site today and begin your Raboo journey!
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
News source:https://www.kdj.com/cryptocurrencies-news/articles/raboo-aipowered-meme-coin-dogecoin-doge.html
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