Between Bitcoin‘s struggles and the overall bearish market, crypto traders have been cautious in their trading over the past two months. Maybe now is the right time to explore impressive AI memecoins like Raboo ($RABT).
Even Nvidia’s recent announcement hasn’t been able to rouse excitement on the Render price; the traders are simply waiting for the token to make its move.
Bitcoin needs new highs to keep bullish streak
The Bitcoin price is pretty much in the balance now, as the token lost its charge on the $64,000 resistance level earlier in the week. Bitcoin is left with falling to its support levels at $58,000 and $57,000, and there are newer conditions for the token if it’s to continue its bullish trend.
The Bitcoin dip at the start of the week has been attributed to profit-taking, as many investors simply cashed out on the latest Bitcoin surge to keep their profits. As it is with profit-taking episodes, the Bitcoin price is expected to rise back up in a short while thanks to the depleting supply on exchanges.
It could be a rough few days for Bitcoin, that’s sure, but the token might be on its way up in a bit.
Render price unaffected by Nvidia announcement
The Crypto AI market in 2024 was predicted to be the fastest growing sector in the crypto-verse, but it is yet to deliver on that forecast. Render and FetchAI have been largely reliant on Nvidia’s market moving news, while they haven’t been able to record quite the adoption expected of them.
The Render price is still stuck in bearish waters, and Nvidia’s recent declaration of earnings could not help Render get out of its mess. The Render token has lost about 19% in the last seven days, and it is currently trading at around $5.
At any rate, Render is still tipped for a comeback. The token has a few more weeks in the bearish zone, but its surge will be ‘aggressive and rapid.’
At the moment, we have the presale tokens stealing the show in the crypto market. And Raboo is one of the outstanding ones out there.
Raboo: The new star among AI memecoins
Meme coins have been the butt of every trader’s jokes for the past few years or so since most of them abandoned longevity for instant profits. Raboo is on track to change that narrative, and its project depicts just that.
Longevity? Well, with AI taking a prominent role in the Raboo-verse, you can expect the meme token to enter the top ranks in cryptocurrency before long and, more importantly, hang around there.
Rabooscan is already in its second developmental stage, and developers are pulling all stops to have it ready by launch day. The AI feature will be scouring the internet for the best content for Raboo memes, it will then create fresh, funny and entertaining memes to put out there, ensuring that there is never a boring or repetitive meme in sight.
There are already 3,000 token holders in the Raboo-verse and about 11,000 registered users. The community is growing fast, and here’s your chance to hop on the Raboo train, too.
Learn more about the Raboo project
The top crypto coins are down, and there is not a better time to buy into a new project than now. Raboo is a lifeline back to profits, and whether you’re in for the short-term or long-term, $RABT coins are your best pick.
You can participate in the Raboo presale here.
