The sentiment surrounding the cryptocurrency market currently seems mixed. On one side, concerns about the performance of Chainlink suggest a potential decline in the near future. Another suggestion hints at a further drop in Uniswap due to the increasing lack of confidence among its holders.
As a result of these uncertainties, investors are reportedly shifting their attention to a new AI-themed meme token called Raboo (RABT), in hopes of recovering their investments lost while investing in the bearish LINK and UNI tokens. Let’s see why investors might choose Raboo over the other two top altcoins.
21 million LINK tokens flood the market: Is Chainlink headed for a price crash?
There’s significant speculation going on concerning Chainlink recently after it flooded the market with 21 million new LINK tokens worth $295 million. This significant token release was simply part of Chainlink’s regular token unlock schedule, which ensures an annual LINK release rate of approximately 7% of the total circulating supply.
The speculation around Chainlink regarding the token release was predominantly whether a dip in the price of Chainlink could follow. These speculations have been further escalated, as Chainlink has declined by 18% over the past month to its current price of $14. Moreover, analysts are also anticipating the token price to plunge further if Chainlink does not witness any positive developments soon.
Base network integration boosts Uniswap adoption but UNI falters
Recent analysis reveals increasing numbers of users on Uniswap protocol, with experts attributing the increase to its recent integration with the Base network to make it easier for traders to handle tokens built on the Uniswap protocol. Although the increase was a positive development, Uniswap still grappled with selling pressure.
On-chain indicators, particularly Network Growth (which tracks new addresses making their first transaction), suggest the possibility of continued declines in UNI if current market selling pressure persists. This projection was believed to be likely due to the recent decline in the Network Growth value to 109. A decline in network growth implies a lack of adoption of Uniswap- a contributing factor to low demand and potential decline in the price of UNI.
Meme token Raboo soars in presale, offering stability and growth in volatile market
As investors are increasingly seeking refuge in innovative projects that offer stability and growth potential, Raboo, an AI-powered meme token, has emerged as a savvy choice for those looking to recoup their losses. With over 2,500 investors currently holding its presale tokens, it is increasingly becoming one of the most preferred alternatives to other top altcoins.
One good reason numerous investors flock to Raboo as a reliable option for a profitable cryptocurrency investment is its unwavering commitment to reliability and security. Another interesting factor is Raboo’s technological advantage, which utilizes advanced AI systems to scan and analyze memes across both Web2 and Web3, identifying the most engaging and high-quality content.
In the ongoing presale, Raboo has been able to deliver a 60% gain to early investors. Currently priced at $0.0048, the presale token is aiming to deliver more gains, potentially up to 100x post launch.
Conclusion
With so much uncertainty surrounding the market lately, investors have turned to a new AI-focused presale token called Raboo in hopes of recovering losses from the bearish LINK and UNI.
Raboo’s strong presale performance, commitment to reliability and security, as well as its AI-powered technology for identifying engaging memes, also gives it an edge over the others, making it one of the most preferred altcoins to invest in 2024.
You can participate in the Raboo presale here:
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
