After the prices of Near took a nosedive early this week, investors were prompted to look at other altcoins as a way to potentially recover their losses. GameStop’s frenzy has inspired a bullish momentum around memecoins, as Raboo, is currently making headlines as one of the best altcoins to invest in 2024, due to its zero tax feature and AI technology.
Investors have now tipped the presale token Raboo( RABT) as one of the best cryptos to buy in 2024. Let’s find out if Raboo is truly the right choice for a remarkable rally that will offset investors losses in Near.
Near protocol’s token continues descent despite market uptrend
Despite the broader market uptrend, NEAR has experienced a 1% decline over the past 24 hours, settling around $7.6. This dip contrasts with the positive performance of other leading cryptocurrencies. Despite its scalability features, highlighted by its Nightshade sharding solution, NEAR has faced volatility, with its price journey marked by peaks and troughs over the last three months.
Starting February around $3, NEAR surged to $9 in mid-March before retracing back to approximately $6, indicating a strong psychological support level. Despite some momentum from buyers and the potential for a broader market recovery, NEAR continues to experience downward pressure.
Current trends suggest ongoing volatility, with NEAR’s price trajectory reflecting uncertainty among investors. This suggests that while recovery to $9 or beyond remains achievable, challenges persist amid market fluctuations. In light of recent fluctuations, NEAR’s price trajectory reflects the uncertainties within the cryptocurrency market.
Gamestop rockets 19% higher as ‘roaring Kittyunveils $181.4M investment on reddit
GameStop’s (GME) stock witnessed a remarkable surge of over 14% in overnight trading following Keith Gill’s disclosure on Reddit about his substantial investment in Gamestop, totaling $181.4 million. Known as “Roaring Kitty,” Gill’s revelation on June 2 ignited significant market activity. His disclosure included a screenshot displaying his acquisition of 5 million Gamestop shares valued at $115.7 million, along with a $65.7 million investment in call options, projecting a bullish outlook for Gamestop.
Gill’s disclosure has reignited speculation and excitement surrounding the stock, inspiring an immediate spike in Gamestop’s price, surging by 19.19% within just 20 minutes, reaching $27.58 in Robinhood’s overnight markets. The surge in GameStop’s stock price is reflective of the renewed interest and confidence sparked by Gill’s return to the public forum. GameStop token on the other hand has also been remarkably bullish over the past few weeks, with over 1700% price increase within the last 30 days and over 200% in the last 7 days alone.
Raboo dominates headlines, attracts investors massive 100X growth potential
Raboo, the new memecoin, is rapidly capturing attention with its infusion of cutting-edge technology with a vibrant community-driven approach. Raboo aims to empower holders through innovative social-fi models, offering opportunities to earn additional tokens through challenges and giveaways. Analysts are bullish on Raboo’s potential, predicting a staggering 233% growth during the presale phase, with expectations of a 100x surge on launch day, positioning it as one of the best altcoins to invest in this year.
By offering a Post-to-Earn platform, Raboo enables memecoin enthusiasts to monetize their social media content, further driving community engagement and participation. Analysts’ forecast of exponential growth for Raboo presents an enticing opportunity for early investors seeking substantial returns in the volatile cryptocurrency market. With the Raboo ($RABT) presale token now in Stage 4 and having amassed a cumulative total of $1.6 million, its momentum remains strong.
The project has garnered over 8,000 registered users and has witnessed a notable rise in token holders, affirming its status as one of the best altcoins to buy in 2024. With projections of a potential 100x surge once listed on major exchanges, Raboo represents an exciting prospect for investors looking to capitalize on the intersection of memes and AI technology.
Conclusion
Amid Near’s ongoing decline, investors are exploring newer altcoins as part of their recovery strategy in the crypto market. Despite GameStop’s recent surge, Raboo has emerged as one of the best cryptos to buy ahead of Near and GameStop. Its potential for 100x returns is one of the several reasons why it has been tipped as the top pick for 2024 investments.
You can participate in the Raboo presale here:
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official