TRON Holders are starting to experience a TRX price correction after a meteoric rally in August that saw TRX’s price surge by over 40%.
It has now turned into a sideways move, bringing about a drop of 5% in the last 30 days. Is it time for TRX holders to look elsewhere?
Meanwhile, crypto market news is buzzing about Raboo’s ongoing presale that has drawn in investors who have already raised more than $2.5 million, resulting in the 90% price surge of Raboo’s $RABT. Analysts are predicting a 10,000% price increase for $RABT from its current rate of $0.0057.
Tron (TRX) moves sideways as Investor interest wanes
TRX’s price has shed 5% of its gains over the last 30 days after a sideways move that saw the token price correct from a 40% rally in August. Tron has built a reputation for facilitating a stablecoin infrastructure that is not only cheap but fast as well. Tron has introduced innovative features such as gasless stablecoin transactions, which account for 75% of stablecoin transfers.
With TRON taking the lion’s share of USDT transactions, TRX holders have witnessed a price surge for TRX. However, in the past few days, TRX prices have started to move sideways. According to technical indicators, TRX’s price is likely to dip further by 12% in the short term. However, if capital starts to flow into the network, a trend reversal could occur.
Vitalik Buiterin has also come out to promote Celo, which is an Ethereum scaling solution that is looking to rival Tron’s dominance.
Raboo’s $RABT presale captivates investors, raising over $2.5 million
Raboo’s ongoing $RABT presale token is all over the crypto market news, and for a good reason. $RABT has surged over 90% weeks after the start of the presale when its price was only $0.003. Now that $RABT is exchanging hands at $0.0057, analysts are forecasting a further 143% uptick for the Social-fi and AI-backed meme coin.
The meme coin craze is taking over, and Raboo’s $RABT is leading the charge with a community-centric platform geared towards meme culture lovers. At its core, Raboo’s Social-fi ecosystem empowers meme lords to earn from their love for memes through Raboo’s Rabooscan. With Rabooscan, users can leverage generative AI that scours social media to create the most hilarious and viral memes. These memes can then be posted on Raboo to earn $RABT. Users who engage with content on Raboo also get rewarded. What’s more, the platform offers daily and weekly challenges, giving participants a chance to earn various perks.
Thanks to its focus on the growing generative AI market valued at over $100 billion, not to mention the meme culture movement taking over crypto market news headlines, Raboo is projected to be a top 20 cryptocurrency by market cap. Analysts are forecasting a 10,000% price increase when it launches on major exchanges.
Conclusion
When it’s all said and done, TRX’s price still shows great potential for a bullish resurgence. TRX holders might still recover, but Rabooo’s $RABT is where all the gains are at the moment. $RABT’s presale is in its 5th Stage, making now the right time to jump in.
You can participate in the Raboo presale here.
- Telegram: https://t.me/RabootokenPortal
- Twitter: https://twitter.com/Raboo_Official
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.
