The post BOME Trades Green But Meme Coin Moonshot Raboo Attracts DOGE Investors With 20% Flash Sale appeared first on Coinpedia Fintech News
Many eyes are currently on the meme coin market as BOME continues to experience upticks in the face of an overall market downturn. But what’s more captivating is the fact that the rapidly rising presale crypto Raboo ($RABT), with its recently introduced 20% flash sale, seems to be attracting even DOGE holders to its ongoing presale. Let’s explore more information about these interesting updates.
BOME breaks out: 10% surge outpaces crypto market
The Book of Meme’s native currency, BOME, had remarkable growth over the last week, rising in value by 10.30%—more than the overall crypto market, which saw a rise of just 0.70%. BOME’s price is currently $0.009269, and its market cap value has climbed to $639,731,583, as per the crypto tracking platform CoinMarketCap.
According to a recent analysis, BOME’s Relative Strength Index (RSI) stands at 63.50. Even though BOME’s price has increased rapidly and is on the verge of being “overbought,” this value indicates that there is still an opportunity for BOME to rise further before hitting the crucial RSI threshold of 70.
Dogecoin in freefall: Investors worry as price crashes below key level
Dogecoin’s price, currently at $0.117, has been declining recently with over 9.6% of its current value lost within the past week. DOGE’s price has fallen below an important technical indicator called the 50-day Exponential Moving Average (50 EMA). When the price drops below the 50 EMA, it indicates a shift to bearish momentum. This raises concerns about Dogecoin’s short-term outlook and price potential.
The fact that Dogecoin has failed to maintain its price above the 50 EMA is worrisome to some investors, even though other altcoins are also generally weak. This failure suggests that selling pressure is outweighing buying interest in Dogecoin. As a result, DOGE is expected to decline further, making it an unfavourable crypto to invest in.
Raboo’s flash sale ignites presale frenzy, tokenomics promises long-term value
Raboo has continued to display exactly why it is a good crypto to invest in, by how it keeps attracting numerous investors, including Dogecoin holders to its platform. The presale token has quickly reached an astounding $2 million milestone raised in its ongoing presale and it’s expected to gain more for introducing an attractive flash sale where the automatic stage bonus is boosted from 10% to 20%.
Apart from the flash sale, Raboo’s dedication to preserving token value and scarcity is believed to keep attracting investors to its platform. Raboo has adopted a carefully designed tokenomics model with a token burn mechanism. In contrast to other cryptocurrencies that rely on an endless supply, this mechanism attempts to continuously reduce the circulating amount of $RABT tokens, increasing the token’s value and guaranteeing its long-term sustainability.
Moreover, estimates suggest that when $RABT gets listed on cryptocurrency exchanges, the presale crypto might skyrocket by a factor of 100x. To potentially witness such phenomenal increases, investors can participate in the presale and buy $RABT for a mere $0.0048 per token.
Conclusion
The meme coin market is currently in the spotlight, with BOME experiencing a 10% surge that outpaced the broader crypto market. However, the real captivating story is the rapidly rising Raboo, which has attracted even Dogecoin investors with its recently introduced 20% flash sale. Due to Raboo’s potential to be 100x when it is listed on exchanges, savvy investors may want to consider participating in the presale by purchasing $RABT while it is very affordable.
You can participate in the Raboo presale here:
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
#PressRelease [Source: Coinpedia]