BNB Sees $555 Low, as Raboo Outruns Shiba Inu Down 80% From ATH

BNB has recovered from its dip to $555 while Shiba Inu’s 80% decline from its previous ATH has caused investors to consider a new presale token that analysts have tipped as to become of the top altcoins in the crypto world.

Raboo continues to surge with a 60% increase since Stage 1 and has raised almost $2 million. Currently in Stage 4 with over 8,000 registered users, Raboo’s growing ecosystem affirms it as one of the best cryptos to invest in 2024.

BNB declines amid struggles to gain momentum

BNB price is attempting a bullish recovery after posting a decline of 4.5 over the last thirty days. Although BNB dipped to $555 earlier this week, the token has since recovered with BNB currently trading at $577 as at the time of writing. 

BNB has struggled to surpass critical resistance levels, notably failing to break above $625 and reclaiming its 20-day EMA and 50-day SMA. These moving averages are crucial technical indicators used to gauge short-term and medium to long-term price trends. With BNB consistently trading below these levels since June 11th, it signals a bearish trend, indicating weakened buying momentum and suggesting potential further declines in the near future.

Supporting this bearish outlook is the Awesome Oscillator (AO), which has consistently shown red histogram bars since June 10th. The AO measures price momentum and reflects negative values during downtrends, indicating that selling pressure currently outweighs buying interest. This alignment of technical indicators underscores BNB’s current downtrend trajectory, suggesting continued downward pressure unless significant bullish catalysts emerge to reverse the trend.

Shiba Inu set for record surge in july

Although Shiba Inu is down 80% from its 2021 all time high, forecasts of a potential price surge to $0.00002 in July is causing a buzz amongst supporters of the token who claim that Shiba Inu is one of the best cryptos to invest in 2024. 

The forecasts for the potential surge was based on the significant increase in Shiba Inu’s burn rate which has seen almost 70 million coins destroyed in the past week alone, contributing to investor optimism. 

Furthermore, recent statements from Shiba Inu’s lead developer, Shytoshi Kusama, regarding the upcoming Web3 launch of Shiba Eternity and plans to enhance the burn mechanism with game-generated revenue, have acted as further catalysts for SHIB’s recent rally.

Raboo set to disrupt the memecoin ecosystem with innovative features and rapid growth potential

Raboo ($RABT) presale token, positioned as one of the top altcoins in 2024, is innovatively blending social-fi and artificial intelligence to cultivate a robust community of meme enthusiasts. With a unique proposition of zero buy and sell taxes, Raboo aims to attract users by offering a seamless transaction experience. Analysts are bullish on Raboo’s potential, forecasting a staggering 233% growth during its presale phase and an ambitious 100x increase on its launch day, highlighting its anticipated meteoric rise in value.

The core strategy behind Raboo’s vision revolves around fostering an engaged and vibrant community, which is seen as crucial to its success in the competitive cryptocurrency landscape. By integrating cutting-edge technology and emphasizing community participation, Raboo seeks to differentiate itself in the market. It aspires to achieve a top 20 ranking by market cap, underscoring its ambitious growth trajectory and market positioning in 2024.

Raboo promises an exciting convergence of SocialFi, MemeFi, and blockchain technologies, aiming to redefine the meme coin sector by bridging memes with digital realms and artificial intelligence. With almost 3,000 token holders already on board, Raboo’s innovative features distinguish it as one of the best cryptos to invest in 2024.

Conclusion

Both BNB and Shiba inu have declined this week in response to a broader bearish sentiment in the crypto market. Despite optimistic predictions of a potential surge for Shiba Inu’s price in July, investors have now turned to Raboo, a meme token that has been tipped as one of the top altcoins that will emerge 2024. 

With a low entry price of $0.0048 in the current Stage 4 of its presale, Raboo offers investors and memecoin enthusiasts alike an opportunity to be a part of the biggest revolution in the meme world.

You can participate in the Raboo presale here:

Telegram: https://t.me/RabootokenPortal 

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