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Shiba Inu and Pepe continue to face price declines amid broader cryptocurrency market volatility. As investors seek profitable opportunities in Q3 2024, Raboo ($RABT), a new AI-powered meme coin, stands out as one of the best altcoins to invest in.

With Raboo ($RABT) presale token raising nearly $2 million and its innovative AI technology revolutionizing meme culture, Raboo aims to disrupt the memecoin ecosystem and has been tipped as one of the best cryptos to buy in 2024. 

Shiba Inu yet to recover from month-long decline

The general volatility in the crypto market alongside the  recent delisting announcement of TUSD pairs by Binance has impacted Shiba Inu negatively with Shiba Inu now trading at $0.00001698, reflecting a 5.15% decline this week. 

The lack of an optimistic forecast from crypto experts on Shiba Inu’s potential rally timeline has also contributed to dwindling investor confidence,  impacting trading dynamics and potentially influencing market sentiment against Shiba Inu.

Furthermore, the disparity in profit among Shiba Inu holders has narrowed, with a substantial portion now holding assets below current market prices, contributing to the overall cautious sentiment in the meme coin market.

Pepe coin faces price drop amid declining demand and whale sell-off

Pepe faced a significant downturn recently, breaking below its ascending trendline support. On-chain data indicated a decrease in active addresses, highlighting reduced demand for the network and reinforcing the bearish outlook. The coin’s price closed below key support levels, suggesting further downside momentum if resistance at $0.0000124 isn’t breached in upcoming trading sessions.

Santiment’s data on Daily Active Addresses also pointed to declining network usage, correlating with the broader market sentiment of lower demand. Despite the high volatility and substantial trading volume exceeding $523 million, Pepe faced additional scrutiny following a large transfer of coins by an Ethereum whale to Kraken, potentially signaling profit-taking and influencing market sentiment negatively.

In derivatives markets, Pepe maintained a presence that provided some stability amidst the sell-off, although positions were subject to liquidation due to Pepe’s volatile trading nature. This context underscores ongoing market uncertainties and the impact of significant whale activities on Pepe’s price dynamics, complicating its short-term outlook.

Raboo: Revolutionizing memes with AI and socialfi, targets top 20 cryptocurrency status

Raboo, the innovative AI-powered meme coin that has been tipped as one of the best altcoins to invest in, blends advanced technology to cultivate a vibrant community of meme enthusiasts. Central to Raboo’s vision is integrating SocialFi and artificial intelligence, offering a unique Post-to-Earn platform where users monetize their social media content. This approach incentivizes engagement, rewarding users as they interact and contribute within the Raboo community.

Analysts have tipped Raboo as one of the best cryptos to buy that offers significant growth potential, with expectations of a 233% increase during the presale phase and a promising 100x surge upon its official launch, aiming to secure a spot among the top 20 cryptocurrencies.

Raboo distinguishes itself through Rabooscan, an exclusive AI technology designed to enhance meme creation. By scanning social platforms for trending memes and analyzing them against specific criteria, Rabooscan extracts valuable data to generate AI-enhanced memes. This innovative process not only enriches the meme ecosystem but also underscores Raboo’s commitment to leveraging cutting-edge technology for community engagement and content creation.

Furthermore, Raboo’s smart contract integrity is reinforced by a thorough audit conducted by SOLIDProof, ensuring robust security and reliability for users participating in the ecosystem. This foundational security measure aims to build trust among investors and stakeholders, supporting Raboo’s ambitious trajectory to lead the AI-powered meme coin space in 2024 and beyond.

Conclusion

Both Shiba Inu and Pepe continue to decline amidst overall market volatility and notable whale transfers. As investors anticipate a fresh start with the beginning of July and the start of Q3, they are turning their attention to Raboo. The presale token offers a low entry price of $0.0048 and is currently in Stage 4 of its presale phase, boasting a growing community of over 8,000 registered enthusiasts. With these attributes, Raboo emerges as one of the top altcoins to watch in 2024 for potential sustainable profits that promises to outpace both Shiba Inu and Pepe’s trajectory.

You can participate in the Raboo presale here:

Telegram: https://t.me/RabootokenPortal 

Twitter: https://twitter.com/Raboo_Official

 *This article was paid for. Cryptonomist did not write the article or test the platform.