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Raboo Surges With Supercharged Momentum While Render and LINK Trade Red Despite Bull Run

Raboo Surges With Supercharged Momentum While Render and LINK Trade Red Despite Bull Run

Surprisingly for some, two top altcoins – Render (RNDR) and Chainlink (LINK) – are currently experiencing a bearish market trend, even when the overall market is on a bullish run. However, this is not the case for the new presale coin, Raboo (RABT), on which many currently depend for substantial gains.

Will Raboo maintain incredible momentum as Render and Chainlink see their token values decline? Let’s look into the developments of these cryptocurrencies and how they impact them.

Chainlink growth stalls as unrealized losses mount

It’s obvious that Chainlink (LINK), has been underperforming in its network and its native token, LINK, lately. As anticipated, the platform’s poor performance finally surfaced significantly in June 2024, after the altcoin saw a notable surge in the number of Ethereum blockchain addresses holding LINK facing unrealized losses.

The percentage of such addresses jumped from 31.43% to 43.15%, suggesting that LINK holders were growing more pessimistic about the cryptocurrency’s performance. A significant portion of the addresses holding the token are now in a state of unrealized losses. LINK is currently trading at $13.42, representing about an 11% loss within the past seven days.

Will Render bounce back? Market downturn tests decentralized GPU project

Render is also among the top altcoins that have faced market challenges and uncertainty. CoinMarketCap currently tracks the value of RNDR at $7.01, marking an approximately 4.5% drop within the past 24 hours and a 14% drop in the past seven days.

Despite Render’s market dip, traders still hope the altcoin may recover. This hope was pinned on Render’s utility in decentralizing GPU resources. Users believe that Render’s innovative solution for sharing computing power may attract long-term interest regardless of the fluctuations in the current market.

Raboo: AI-powered meme coin takes flight with booming presale and 100x potential

Raboo is the new presale coin aiming to make its mark in the industry with its impressive growth momentum, which has already delivered about 60% in return. As one of the most intriguing AI-powered meme tokens of 2024, users are heavily attracted to its ongoing presale, which currently offers $RABT tokens at just $0.0048.

Despite offering $ RABT tokens at a remarkably low price, analysts still have a bullish outlook on Raboo. They indicate that it has the potential to deliver 233% returns by the end of the presale and achieve a 100x increase when the $RABT token launches.

A notable reason many flock to Raboo’s ecosystem is its innovative tokenomics, which allow holders to earn passive income by simply staking their $RABT tokens. Furthermore, Raboo plans to initiate key partnerships with cryptocurrency experts and prominent media influencers to boost confidence in the meme token’s success. These collaborations are also projected to increase the project’s utility and adoption, laying a solid foundation for future expansion.

Conclusion

While Render and Chainlink have struggled, with growing unrealized losses, the new presale coin Raboo has rallied incredibly. This has inspired analysts to predict that the AI-powered meme token could deliver 233% gains by the end of its ongoing presale and even achieve a 100x increase upon launch.

Enticed by Raboo’s innovative tokenomics and plans for key partnerships to drive utility and adoption, many are flocking to this upcoming meme coin project, betting it can capitalize on the market’s current bullish trajectory in a way the struggling Render and Chainlink have so far failed to do.

You can participate in the Raboo presale here:

Telegram: https://t.me/RabootokenPortal

Twitter: https://twitter.com/Raboo_Official


Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.

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