Here is a look into three major players within the crypto market, TRON, WIF and Raboo. Tron experienced a major surge which has put smiles on its investors.
While WIF seems to be losing control to the bears according to the daily chart. Raboo, however, aims to become the biggest AI powered meme coin in 2024. The AI meme coin has a lot of features that sets it up for excellent performance. Keep reading to find out more.
TRON: massive surge puts smiles on investors
Notably, with 6.8 million transactions in the last day, the Tron Network surpassed 8.1 billion in transactions, setting a new record. Tron has also experienced a massive surge in the last day. It is now trading at $0.1356 with the bulls in control.
Furthermore, the network noted 7.5 billion transactions at the start of the year. In particular, the on-chain activity increased dramatically during the last month, peaking at 8 billion in mid-July. Also, as of July 23, there were 2.5 million active accounts on the Tron Network.
In the last 30 days, Tron’s network activity has increased and the number of daily active addresses on the Tron blockchain network has been comparatively high in July. Thanks to the 30 days of unprecedented growth in everyday transactions on the Tron network. Tron continues to do well in the DeFi arena; its Total Value Locked (TVL) is trending upward.
WIF volatility causes holders to tread with caution
WIF has daily trading volume of over $400 million, and its price is now trading at $2.39. However, the token has decreased by 8% in the last day. Upon closer inspection, the daily chart of the WIF offers some intriguing information. There is a consolidation period evident in the price as it is trading close to the middle Bollinger Band that is wide, indicating a volatile market.
Furthermore, the price is still above the 100-day and 50-day Exponential Moving Averages, suggesting that bullish momentum may be building. The WIF price has found support at $2.296, which is the 50% Fibonacci retracement level. A rise towards the 78.6% level might be indicated by a move above the 61.8% mark. As a result, this could cause a retest of the prior high, which was at $4.870.
The Convergence of the Moving Average Bullish momentum is shown by the divergence line being in the positive area. Moreover, the bullish view is supported by the positive histogram. The signal line’s closeness to the MACD line, however, indicates cautious momentum.
Raboo provides opportunities to earn before launch
Raboo aims to unite the global community of meme coin aficionados and lovers by providing a platform for communication and an opportunity to earn money while engaging with the community. Raboo is expected to take center stage in the meme coin ecosystem. It is skillfully designed using cutting-edge technology and aims to become the biggest AI-powered meme coin in 2024.
The objective of the AI meme coin is to enable token holders to participate in entertaining, meme-generated activities in order to win prizes. It enables these enjoyable activities by creating a vibrant community of meme fans by incorporating Social Fi and AI components. Those who are interested in cryptocurrencies can participate in Raboo, a community-driven project that has garnered positive feedback from analysts and professionals.
Many cryptocurrency professionals and enthusiasts have commented on Raboo, and because of the remarkable effort the Raboo team has done in presenting a worthwhile and trustworthy concept, all they have had to say about it is wonderful things. Raboo currently has over 10,400 registered users, over 3,000 token holders, and has raised over $2 million during its presale phase so far. Its presale is currently in Stage 4 and is selling for $0.0048, 60% up from its initial Stage 1 price of $0.003.
Conclusion
Attracting the attention of investors is Raboo, a new AI meme coin presenting lots of potential. While TRON is currently trading bullish, investors are not sure when things will change. WIF, however, is currently in the hands of bears with hopes that it recovers soon. With Raboo’s potential to grow 233% during presale and 100% on launch day, there is no better opportunity.
You can participate in the Raboo presale here.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
