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Bitcoin, Raboo and Ondo are trending this week, why are analysts excited?
The cryptocurrency market was a hub of activity last week, although only a few areas were particularly affected. Bitcoin (BTC), Ondo (ONDO)and Raboo ($RABT) have been trending across networks, all for different reasons.
The price of Bitcoin and its attack on the DMM exchange, ONDO’s record breaking and Raboo’s 60% surge in pre-sales were talking points during the week.
We have more cryptocurrency buzz here, especially on Raboo’s 100x presale.
The price of Bitcoin momentarily touches bearish waters
Bitcoin has fallen into the eighth largest crypto hacking case ever, as the Bitcoin exchange DMM has been violated, leading to the loss of approximately 4,502.9 BTC tokens. Add that to the massive outflows from BTC ETFs lately and you’ll see why Bitcoin’s price has been stuck below $70,000 as of this writing.
The result is a decline in trading volume on Bitcoin exchanges, particularly on Binance and Coinbase. Bitcoin investors appear to be pooling their BTC assets from exchanges into safer wallets in anticipation of Bitcoin’s bull run. And the effect is a rather stagnant Bitcoin chart.
With the bearish outlook on the price of Bitcoin, many traders are turning away from the giant crypto currency.
ONDO Finance maintains its bullish trend in the DeFi sector
ONDO has had great success this year, along with many new DeFi initiatives. With many traders favoring its real-world asset applications, ONDO has extended its all-time high since March.
Already in June the token once again extended its highest trading price to around $1.48. ONDO has seen a 1.52% increase in altcoin value over the past 24 hours, making it one of the biggest gainers in the cryptocurrency market. And it’s not just the symbolic price; Futures Open Interest also increased by 10.26%, supporting the bullish momentum around ONDO Finance.
ONDO is trending for the right reasons, but CoinGape indicates that the token may be slightly overbought. Considering the consecutive profits, this would be expected, so investors should be prepared for a price correction very soon.
It can’t all be rosy, and when DeFi coins fail, it’s up to memes to fix it.
Raboo is trending and you can almost guess why analysts are excited.
Raboo: The Complete Meme Coins Experience
According to Raboo, the last pure meme coin experience would come when memes were new to the crypto-verse. Over time, social media influence and the hunt for power have made meme tokens lazy: the effects trickle down to all their memes.
Now we have memes that are no longer funny, in fact often repeated, and meme coins are the picture of volatility. Raboo wants to change all that now, as his philosophy on memes revolves around producing only quality memes for entertainment. This is where $RABT’s revolutionary AI use case comes into play.
With the development of artificial intelligence, more and more cryptographic tokens are finding use in technology. Raboo included. With generative AI, Raboo will create new meme content from its community’s posts. Users are encouraged to participate in the ecosystem by posting content via the Post-to-earn feature on Raboo.
Users get token rewards for contributing to the creation of Raboo memes, and the memes that come out of the platform will be of the highest quality, thanks again to cutting-edge AI technology.
Conclusion
Raboo preaches the full meme coin experience: fun with meme creation, rewards through memes, and the desire to reach the top of cryptocurrency. This hunger is driving the pre-sale right now, as investors have pushed it to over $1.6 million in revenue.
What’s the problem? There is a 100x ROI to be earned once the token hits the big exchanges – now, this has got everyone excited.
You can participate in the Raboo presale here:
Disclosure: This is a sponsored press release. Please do your research before purchasing any cryptocurrency or investing in any project. Read the full information Here.