Pre-Q4 2024: Render, Floki Inu and Raboo Emerge as Top DeFi Projects With Bullish Forecasts

Two top DeFi projects—Render and Floki—are experiencing significant growth and bullish forecasts, leading investors to wonder if their rallies will continue into Q4  2024

With the fourth quarter of 2024 approaching, several cryptocurrencies have experienced varying degrees of growth and garnered attention from investors. Among these digital assets, Render (RNDR), Floki Inu (FLOKI), and Raboo ($RABT) have sparked interest due to their promising outlooks and potential for generating profits. Here's a closer look at each of these cryptocurrencies and the factors contributing to their appeal.

Coinbase listing fuels Render’s rally: Analysts forecast $7.00 target

Over the past week, Render (RNDR) has maintained an upward trend, rising nearly 30% on the weekly charts. According to CoinMarketCap, the price of RNDR at the time of writing is $5.86. However, analysts predict that this price level is set to rise in the near future, as technical indicators like the Chaikin Money Flow (CMF) continue to indicate strong upward momentum in the DeFi crypto.

One factor driving RNDR's surge was the recent announcement by Coinbase to launch Render perpetual futures. This marks a significant milestone for the platform, as traders will now be able to use leverage to trade RNDR and potentially capitalize on its price movements. According to crypto experts, this development could propel Render to a substantial price increase, with analysts predicting a potential resistance at the $7.00 level.

Javon Marks highlights hidden bull divergence for FLOKI, predicts price surge

Over the past week, Floki Inu (FLOKI) has been trending upwards on the charts, increasing by 22% and reaching a current price of $0.0001516. However, what caught the attention of many FLOKI investors was a recent post by crypto analyst Javon Marks on X, highlighting a recent Hidden Bull Divergence for FLOKI—a technical sign that usually precedes price increases.

According to Marks' analysis, FLOKI could reach a price of $0.0002761498, with potential for further gains up to $0.0005467298—a 260% increase from its current price. Meanwhile, FLOKI's active addresses have fluctuated, peaking at over 11.2k in July and settling just below 8k in August. This range-bound activity indicates ongoing interest in Floki Inu but suggests user engagement hasn’t fully regained previous highs.

Raboo offers huge growth potential with strategic tokenomics

Recent developments and progress made by Raboo, especially in its ongoing presale, have positioned it as a promising investment choice for the next quarter of the year. However, the main attraction to this meme coin lies in its relentless pursuit of enhancing the meme sector with its innovative AI and Social-Fi features. Moreover, the meme token possesses noteworthy growth potential, thanks to its well-crafted tokenomics that focus on incentivizing and engaging the platform’s community.

Raboo's tokenomics is notable for its strategic allocation of all 1.8 billion tokens among different categories within the ecosystem. This tokenomics enables every caliber of investors to engage in the platform's rewarding activities. This is evidenced by the 1.134 billion tokens allotted for its presale and the 135 million tokens designated for rewards and incentives within the platform.

Given that RABT increased 60% during the current presale, crypto experts are optimistic about the possibility for the token to deliver substantial gains in the near future. To participate in the presale token’s massive increase, they advise investors to join the presale today by purchasing the DeFi crypto while it still sells at a modest price of $0.0048.

Conclusion

As the crypto market gears up for the fourth quarter of 2024, Render's recent bullish momentum, fueled by its Coinbase listing, positions it for potential price increases, while FLOKI's technical indicators suggest significant upside potential. Also, Raboo's innovative approach and strategic tokenomics have generated enthusiasm, particularly as its presale demonstrates substantial gains. With such a promising outlook for this meme coin, it is safe to say that Raboo deserves to be included alongside other top DeFi projects that could generate profits in the coming months.

You can participate in the Raboo presale here:

Telegram: https://t.me/RabootokenPortal

Twitter: https://twitter.com/Raboo_Official

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