Is It Time To Hold Or Sell Bonk And Toncoin As New Altcoin Raboo Set To Dominate?
The post Is It Time To Hold Or Sell Bonk And Toncoin As New Altcoin Raboo Set To Dominate? appeared first on Coinpedia Fintech News
The market value of both BONK and Toncoin is reportedly found at critical levels, which has left investors uncertain about whether to buy or sell their respective tokens. Amid this uncertainty, a new DeFi crypto named Raboo ($RABT) has risen, and investors are looking forward to it dominating both Web 2 and Web3 with the best kinds of memes as it utilizes its incredible AI-powered and Social-Fi features.
Currently a presale token, Raboo is already setting the tone for dominating the meme ecosystem and investors are now more interested in it over other altcoins like Bonk and Toncoin
BONK tests key resistance: Is a bullish trend imminent?
Bonk (BONK) in the crypto market had a tough week, having declined 10% within the past seven days. However, there are signs that BONK might be turning things around.
The 12-hour chart, as shown by the blockchain news platform AMBCrypto, indicates that Bonk’s price broke above the $0.0000277 resistance level, which is a positive sign. Bonk also set a higher low at $0.0000282, which has not been breached yet.
BONK’s price breaking below the $0.0000282 level would be a bearish signal, indicating a potential reversal in the market trend. However, the prices have actually climbed higher from this support level.
Despite the recent drop, is Toncoin’s long-term potential intact?
Toncoin performed very well during the recent general market pullback. However, as soon as most digital assets recovered and went back up, Toncoin quickly lost most of its momentum, dropping below $7 and even below 50 EMA support level- an important support level.
Despite its recent performance, some investors see Toncoin as a potential hedge or safe haven against the broader crypto market. This is largely due to Toncoin’s integration with Telegram – a widely used social media platform. This integration gives Toncoin access to a pre-existing audience, which increases the chances of widespread adoption.
Raboo: The AI-powered meme coin that is disrupting the meme ecosystem with its innovative solutions
Raboo is the highly anticipated DeFi crypto project that intends to upend the competition in the meme industry by attracting investors into its presale with its AI and Social-Fi-enabled platform. Many investors are becoming more confident in the platform’s potential to soar by almost 250% during its presale and rise by 100x following launch due to its unparalleled features.
Because of Raboo’s significant emphasis on community engagement through competitions that allow token holders to win prizes for their innovative AI skills, investors see $RABT to be a more appealing option rather than BONK and TON. In addition, the token has an interesting roadmap that calls for the establishment of fascinating NFTs and varied exchanges in order to grow internationally and appeal to a wider audience.
1.134 billion $RABT presale tokens have been allotted by Raboo, and each token was first sold for $0.003. However due to increased demand, the token’s presale has advanced to Stage 4, and it is now selling for $0.0048. As $RABT moves through the presale and launches, its value is anticipated to continue rising.
Conclusion
Given the challenges faced by BONK and Toncoin, with BONK struggling to maintain its price levels and Toncoin losing momentum in the broader market recovery, the newly launched Raboo project appears to be an enticing alternative for investors. With the presale token already selling at a higher price due to heightened demand, Raboo seems poised to disrupt the meme coin market and potentially emerge as one of the best altcoins to buy in the crypto market this year.
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official