The post Analysts’ Dive Into Meme Coins: DOGE, Raboo and Pepe appeared first on Coinpedia Fintech News
DOGE, Raboo ($RABT) and Pepe are currently trading under $1, and sit under the radar of top crypto analysts. This is due to the constant speculation and buzz surrounding their respective future projections.
Raboo ($RABT), a new AI meme coin has particularly attracted greater attention and sparked heightened speculation. One of which includes a potential 1,000% rise in the Raboo presale token from its modest price once it launches on Tier 1 exchange platforms. Even though it is yet to launch, its potential for greatness is undeniable thanks to its amazing features. Let’s explore what makes these three coins worth reviewing.
DOGE: investors anticipate a bullish breakout
Analysts see a pattern in which the two prior DOGE Log Breakouts were followed by greater runs, and they think this could be happening right now. With regard to the approaching parabolic price pump, analysts appear to be very confident and upbeat. They claim that DOGE holders should anticipate a $10 DOGE price, due to a run of more than 8,600% for Dogecoin, that’s if the historical chart pattern holds true.
In the last week, Dogecoin (DOGE) recorded a 6% drop in value. This decrease is part of a broader trend affecting various cryptocurrency segments. Dogecoin is currently priced at $0.1146. The current fear and greed index for DOGE is neutral which is a sign of uncertainty in market direction. This neutrality in sentiment suggests that the future of DOGE could vary depending on broader market trends and investor reactions.
Pepe continues to show signs of weakness
Over the last two weeks, the Frog-themed meme coin PEPE has shown signs of weakness despite the general market improvement. On the weekly chart, PEPE’s price alternately forms green and red candles, indicating that neither buyers nor sellers have clearly started to drive the asset. The daily Relative Strength Index slope reflects the market participants’ indifferent attitude. An inverted head-and-shoulder breakout precedes this consolidation, according to a more thorough technical chart study.
Often seen at the bottom of the market, the bullish reversal pattern indicates a shift in the sentiment of the market with a fresh high-low formation. PEPE’s coin price currently trades at $0.000001004, with a market cap of $4.2 billion. A potential breakout from the neckline resistance for PEPE will signal a significant reversal and provide buyers with suitable support for a further rally.
Raboo: AI integration said to be a game changer
Early in the year, there were a lot of predictions made in the cryptocurrency community about the use of AI within the market. Raboo is one cryptocurrency that plans to integrate AI into its functionality. Raboo will introduce AI to the generation of cryptocurrency memes. The AI behind the new currency, called Rabooscan, is a generative program that searches social media pages for material that has the potential to become memes. The algorithm can produce an enormous number of memes per day with such content at its disposal.
Although the Raboo presale token is currently in its fourth presale round, the team has decided that consumers who purchase tokens now will instantly receive a double bonus on their investment. That is, the initial deposit’s 10% incentive, which is now 20%, but only for the duration of the stage. The cost of a $RABT token is just $0.0048. By the end of the presale, there’s a potential 233% return on investment and an additional 100x increase when the AI meme coin lists on a tier-one exchange.
Conclusion
Dogecoin is approaching a crucial price point that could lead to a rise or fall in value. In contrast, Pepe has dropped significantly over the last week and an AI-predicted decline is anticipated to persist. However, the innovative approach, smart tokenomics, and massive marketing efforts of the presale-focused Raboo token set it apart and attracted the attention of analysts who saw the project’s potential for huge profits.
You can participate in the Raboo presale here:
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
#PressRelease [Source: Coinpedia]