Meme Coins Bome and Raboo Outperform Cardano, Will the Triumph Continue Across August?

BOME has surged over the past week showing strong bullish momentum while Cardano’snetwork activity has significantly declined since March. Meanwhile, the presale token Raboocontinues to cruise on in its presale that has generated over $2 million. 

With almost 11,000 registered users and a price of $0.0048, Raboo has seen over a 60% surge over the course of its presale which is currently in Stage 4. Forecasts of 100x returns upon launch make investors bullish, affirming Raboo ($RABT) as one of the best altcoins to invest in 2024.

BOME surges significantly in a week

BOME has seen a remarkable price increase lately, significantly outperforming the global crypto market’s 0.70% rise, highlighting growing interest. Additionally, BOME outperformed other cryptocurrencies, which collectively dropped by 5.50%, affirming speculations that BOMEmight be one of the best cryptos to buy right now. 

Technical analysis suggests strong bullish momentum for BOME, with the price breaking through the upper band of the Bollinger Bands. With BOME’s market capitalization inching closer to $700,000,000 alongside high-value NFT transactions, crypto experts believe there is a strong market interest in BOME, with spikes observed in early May and late June. The fluctuating trends in unique addresses purchasing significant amounts of NFTs and open interest per exchange underscore the market’s volatility and investor interest in BOME.

Cardano faces transaction volume slump

Cardano’s network activity has declined significantly in 2024 with statistics affirming a 90% downward spiral since March.  Despite this, Cardano’s valuation relative to network activity remains relatively low, suggesting potential undervaluation. While the situation is concerning, the upcoming Chang hard fork and recent SEC developments could be catalysts for Cardano’sturnaround.

Cardano’s price has dropped significantly with Coinmarketcap showing that Cardano is currently trading at $0.3765 reflecting a 8.71% decline in July. Although Cardano is currently testing a crucial support level, analysts have predicted that a breakout above the 50-day EMA could signal a 25% rally for Cardano. 

Also, Cardano’s investors are hopeful that the recent decision of the United States SEC to withdraw its request to classify certain cryptocurrencies as securities alongside Cardano’s Chang hard fork which is now being implemented will boost investor confidence and restore positive sentiment around the token. While the Chang Hard fork upgrade seeks to enhance scalability, security, and decentralization, analysts believe that more developers and users will potentially be attracted to Cardano and hop on the ecosystem in August. 

Raboo: The AI-powered meme coin revolution

Raboo ($RABT) presale token is on track to disrupt the meme coin ecosystem with its groundbreaking innovation that fuses meme culture and artificial intelligence. Currently in Stage 4 of the presale with an entry price of $0.0048, Raboo’s mission is to build a thriving community of meme enthusiasts by offering novel features in the crypto market like its ‘Post-to-Earn’ which would allow meme enthusiasts to monetize their social media activities. 

To ensure transparency and security, Raboo’s smart contract has been audited by SOLIDProofwhile the token is based on the Ethereum ERC-20 Blockchain, offering users and investors maximum security. Exclusive NFTs will also be available to presale holders, offering potential rewards and benefits. A token burn event is planned to increase token value, and Raboo will be listed on multiple exchanges for wider accessibility.

Rabooscan, the AI-powered meme feature, has been tipped to revolutionize the way memes are discovered and created by scouring social media platforms to discover and generate new memes. Also, Raboo will unveil merchandise plans that seek to foster a community-driven token. Raboois poised to create a comprehensive ecosystem for meme lovers worldwide, underscoring the meme token as one of the best alctoins to invest in 2024.

Conclusion

BOME is expected to see a major price rally in August, contrasting with Cardano’s 8.74% decline in July. Meanwhile, Raboo presale token is trending, offering a flash sale with a doubled stage bonus from 10% to 20% for a limited time. Analysts are particularly bullish on Raboo, considering it one of the top altcoins to watch for investors seeking substantial returns in the crypto market. This makes Raboo a promising option for those looking to capitalize on market opportunities.

You can participate in the Raboo presale here:

Telegram: https://t.me/RabootokenPortal  

Twitter: https://twitter.com/Raboo_Official

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the viewsof Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.