Crypto News: JASMY Drops 100% From ATH, Raboo Pumps, And DOT’s Snowbridge Launches This Week

There have been some changes in the crypto market recently. JASMY reduced 100% from it’s all-time high (ATH). Meanwhile, Raboo is making waves with an impressive 60% pump, capturing investors’ attention. Adding to the excitement, Polkadot’s (DOT) Snowbridge is set to launch this week, promising new advancements. These events are set to be significant in the crypto market. Keep reading to get more detailed insights into these developments and what they could mean for your investments.

JASMY drops 100% from ATH

JasmyCoin (JASMY) has had a poor market performance, having declined greatly from it’s all-time high (ATH). As of 18 June 2024, the price of JASMY fell to $0.032, far below its ATH of $4.79. The decrease shows the volatility of the cryptocurrency market and identifies the problems faced by JASMY in managing its investors’ expectations.

Several factors have contributed to JASMY’s decline. The overall change in the crypto market has affected its value. Also, some requirements, including regulatory forces and competition within the IoT (Internet of Things) markets, are putting more pressure on JASMY. Even though it has tried to improve its platform’s security and data privacy, JASMY has faced external pressure, which has weighed heavily on its market performance.

DOT’s Snowbrigde launches this week

Announcements for the Polkadot (DOT) Snowbridge are lined up for this week, which is a great development in the blockchain space. Snowbridge is a bridge through which people can easily swap their assets from the Polkadot network to the Ethereum network and vice versa due to the improved connection between the two popular platforms. This bridge operates on Polkadot’s BridgeHub, a dedicated parachain for cross-chain interactions, ensuring secure and efficient transactions without relying on third-party intermediaries.

As a platform that allows for the direct and trustless transfer of stakes and other assets, such as the ERC-20 tokens, Snowbridge will improve the value proposition offered by both Polkadot and Ethereum platforms. This bridge takes advantage of the security that Polkadot has in its system and hooks into Ethereum’s DeFi ecosystem so that developers and users can benefit from the stronger points of both platforms. This interoperability is then expected to foster more innovative solutions within the blockchain ecosystem and new use cases for integrating such blockchains. With the Snowbridge launch, it’s expected that DOT will also experience an increased market performance, and the effect will ricochet to the rest of the crypto market. 

Raboo’s impressive presale performance 

Raboo has been making significant waves in the crypto market with its impressive presale performance, which has raised over $1.6 million. It is in stage 4, with a price of $0.0048, a 60% increase compared to Stage 1. Also, Raboo has over 8,000 registered users and over 2,500 token holders. This growth reflects Raboo’s strong potential and enthusiasm.

Raboo stands out with its unique features, combining AI-backed technology with a dynamic Post-to-Earn platform and a vibrant SocialFi ecosystem. These innovative elements allow users to create and monetize content, engaging with the community to earn rewards.

Raboo has been projected to grow 100x once it goes live and will go even higher as it approaches its public launch. Making an early investment in Raboo can yield high profits and become a profitable investment target for everyone who wants to make a hit with digital coins. 

Conclusion 

This week has seen some big moves in the crypto world. JASMY took a hard hit, dropping 100% from it’s all-time high, while DOT’s Snowbridge launch promises new advancements in blockchain. Meanwhile, Raboo has shown impressive growth, with a 60% increase in its presale and over 8,000 onboard users. Raboo’s unique features and strong presale performance make it a promising investment. Don’t miss the chance to invest early in Raboo and ride the wave of this exciting new opportunity. Stay ahead and catch the next big thing in crypto!

You can participate in the Raboo presale here.

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