Can BNB recover? Raboo continues to trend as Polygon sticks in the Red zone Raboo, a new presale token, is gaining momentum as one of the best altcoins to invest in this year
BNB’s recovery is uncertain due to its recent reduction in trading volume on Binance, as Polygon’s decline streak continues. Meanwhile, a new presale token, Raboo, has sustained its upward trend, making it one of the best altcoins to invest in this year.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} Raboo continues to gain momentum with almost $2 million raised and over 8,000 registered memecoin enthusiasts in its ecosystem. Now currently in Stage 4 of its presale, Raboo has now been tipped as one of the best cryptos to buy in 2024.
BNB recovery timeline unpredictable after binance’s market share declines
BNB’s price is at risk of further losses after falling to around $580 at the time of writing, reflecting a 4.6% decline this week.. Although BNB witnessed a strong rally early this June, profit-booking has caused a notable downturn in BNB’s price. This decline suggests that the bullish momentum around BNB may be waning.
Binance's trading volumes are also on a decline, influenced by regulatory challenges in the U.S. CCData reveals that Binance’s market share fell by 17.3% in May, continuing a downward trend. CoinGecko data further highlights a significant drop in daily trading volume from $61.05 billion on March 15th to $10 billion on June 10th, reflecting the exchange's struggle to maintain its market position.
BNB’s price decline alongside the reduction in Binance's trading volumes have caused crypto experts to be conservative in their outlook, contrasting with claims from hardline investors that BNB is still one of the best cryptos to buy in 2024.
Mixed signals for polygon as price struggles to recover
Polygon's price is hovering between $0.56 and $0.60 at the time of writing, after failing to recover from its recent consolidation phase. Despite crypto whales accumulating over 33 million MATIC worth more than $18.6 million this June, the network's growth is at its lowest in over a year, raising concerns about its market traction. Like many other assets, Polygon has faced a bearish June, impacting its price performance.
Whales who are holding between 1 million and 10 million Polygon, have significantly added to their holdings, which typically influences price action positively. However, despite this accumulation, the overall participation in the network is declining. Existing investors are skeptical, and potential investors are hesitant, as indicated by the declining rate of new addresses forming on the network.
The mixed signals could lead Polygon to a period of consolidation if a recovery does not occur soon. Trading below $0.60, Polygon may struggle to breach resistance levels at $0.60 and $0.64. If Polygon holders avoid selling to offset losses, the price could stay above $0.53; otherwise, it risks dropping below $0.50, extending the current bearish trend.
Raboo: The next top meme coin integrating social-fi and AI
Raboo is emerging as the next top altcoin in the meme niche, fostering a strong community of meme enthusiasts through the integration of social-fi and artificial intelligence. By blending cutting-edge technology with the vibrant world of memes, Raboo aims to create an engaged and dynamic community. With a smart contract audited by SOLIDProof, Raboo seeks to integrate security and reliability for its users, underscoring crypto analysts' belief that Raboo is one of the best cryptos to buy in 2024.
Furthermore, crypto analysts predict that Raboo ($RABT) presale token could grow by 233% during presale and achieve a 100X increase once it lists on major exchanges. Currently in Stage 4 with an entry price of $0.0048, Raboo has almost 3,000 token holders, reflecting its sustained upward trend. This growth highlights Raboo's potential to disrupt the memecoin ecosystem significantly while delivering massive profits to investors.
Raboo has a tax free feature for buy and sell transactions and a unique Post-to-Earn platform that allows investors and memecoin enthusiasts to monetize their social media content for more profits in the Raboo's ecosystem. By connecting memecoin enthusiasts worldwide, Raboo nurtures a vibrant, like-minded community. As Raboo continues to integrate memes and AI, it stands out as a promising investment and community platform in the crypto space.
Conclusion
The Binance coin BNB price dip, coupled with the Polygon token slowing recovery, has resulted in losses for some investors. Consequently, investors are turning to newer tokens for potential profits this June. Raboo ($RABT) presale token stands out as one of the best altcoins to invest in. This token aims to join the top 20 cryptocurrencies, and is expected to deliver huge ROIs for early investors.
Click here to participate in the Raboo presale.
Telegram: https://t.me/RabootokenPortalTwitter: https://twitter.com/Raboo_Official
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This story originally appeared on: India Times - Author:Faqs of Insurances
