Investors who bought Render Token (RNDR) and Toncoin (TON) recently, have not seen significant profits from their investments, as their respective token values have experienced a market slump. In a bid to recover their holdings, these investors are buying into Raboo ($RABT), an upcoming presale token, which several analysts forecast will surge in value by 100x when it launches.
Interestingly, $RABT has already increased by 40% in its ongoing presale, leading many experts to consider it as one of the best altcoins to invest in for 2024. Let’s find out what gives the meme coin its potential to rally remarkably and why Render and Toncoin investors may count on it to recover their losses.
Should you buy RNDR Now? Price drops after scalability issues emerge
Render (RNDR) is a network built on Ethereum, that helps connect digital artists and studios who need powerful computer graphics processing (GPU) power with people who have extra GPU capabilities, and are willing to rent out. After its native token, RNDR, peaked at $11.76 on May 22, within seven days it dipped by 6.62% to $10.11, as per CoinMarketCap, a data tracking platform.
Attributing this decline to the Render network’s recent struggle with scalability issues, many experts are now uncertain regarding RNDR’s future outlook. For this reason, they recommend investors looking for a cryptocurrency to buy now to seek other alternatives, as they believe RNDR might remain in the bearish zone until it resolves its scalability issues.
TON drops 2% in one week: Sell-off or buying Opportunity?
Toncoin, the native cryptocurrency of the decentralized layer-1 blockchain, The Open Network (TON). Looking at the weekly charts, its governance token, TON, declined by 2.01% within the past 7 days, and is trading at $6.37, as of writing time.
In light of TON‘s downtrend, top cryptocurrency news publishing platforms like AMBCrypto analyzed Toncoin‘s on-chain metrics to better understand the TON’s future outlook. According to the platform’s analysis, the TON’s supply on exchange platforms declined along, indicating that Toncoin is experiencing selling pressure and is used less often in transactions.
Meme coin recovery? Raboo ($RABT) presale offers a chance to offset altcoins losses
Raboo ($RABT) is the unrivaled meme coin project, offering hope and opportunity to investors seeking to restore their losses incurred from declining altcoins. Due to its innovative approach of bringing memes and AI together, to elevate the $62 billion meme market, and its potential to surge 100x, Raboo, is poised to becoming one of the best altcoins to invest in this year.
To ensure that many investors have the opportunity to participate in Raboo’s ecosystem and be part of a vibrant community of meme enthusiasts, Raboo allocates 1.134 billion tokens for its presale. The platform also allocates 135 million tokens for in-game rewards in order to engage participants through interactive and rewarding experiences.
Moreover, with burn events, buyback and liquidity control mechanisms, investors are poised to witness a potential appreciation of their investments and enjoy long-term sustainability of the meme coin project. Anyone willing to participate in this potential 100x ROI on $RABT can buy the token now in Stage 3 of its presale for just $0.0042.
Conclusion
The current market struggles of Toncoin and Render Token may have caused investors to lose their holdings. However, it presents an opportunity to try out Raboo ($RABT), the new presale token, which has strong potential to appreciate by a 100 fold, offsetting their losses. With the token’s strategic tokenomics and intriguing AI-powered features, investors can rely on $RABT withstanding any potential downward market pressure when it launches.
You can participate in the Raboo presale here:
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