Though the Dogecoin worth motion hasn’t precisely set the world ablaze, it stays the meme market’s undisputed chief because the #1 meme coin by market capitalization. Nevertheless, as evidenced by the rise of newer, extra thrilling meme cash like SLERF and Raboo, Dogecoin is going through stiff competitors. Raboo, in the meantime, is ready to turn into one of many largest gainers within the meme market of 2024, and its presale is being tipped as one of many can’t-miss funding alternatives of the yr.
Dogecoin worth rebounds after tough begin to Might
Dogecoin is the highest canine within the meme market, and that a lot is for certain. And, with a $21.6 billion capitalization, it’s simply a family identify. Dogecoin worth peaked to excessive heavens in 2021, registering eye-watering beneficial properties and minting fortunes for early Dogecoin holders in its once-in-a-lifetime parabolic run.
Nevertheless, not even essentially the most deluded Dogecoin moonboy will consider that it may recreate its 2021 chart in 2024—not with its market cap. At this level, Dogecoin is extra of an “index” for the meme coin market somewhat than an funding with the potential to go on one other 100x within the subsequent cycle. The Dogecoin worth took a tumble to start out Might, falling to $0.12, however has since Dogecoin worth predictions peg the meme coin to run wherever from 2x to 5x within the subsequent bull cycle at most.
SLERF loses steam
SLERF is among the meme cash that made waves throughout Solana’s meme market growth section through the first quarter of 2024. Like most meme cash, SLERF depends closely on its mascot representing a drooling sloth and its ironic humor to garner traction amongst meme coin degens.
SLERF took over the Solana meme market like a home afire, surging to a $400 million market cap inside a number of days of its launch because it peaked at $1.25 final April. Since then, SLERF has considerably cooled off, falling to $0.2745 at press time. Even nonetheless, SLERF has outperformed Dogecoin worth motion in 2024, with merchants who bought on the high making severe banks.
Raboo poised to outperform SLERF and Dogecoin worth in 2024
SLERF and Dogecoin have gotten their quarter-hour of fame, with meme coin buyers transferring on to the subsequent potential 100x gem ready within the weeds. Raboo has emerged as one of many high contenders for the subsequent meme coin diamond within the tough, with its distinctive integration of meme coin attract, AI-powered worth proposition, and SocialFi post-to-earn mechanics. This provides Raboo a big benefit over Dogecoin or SLERF, which lack the identical degree of utility other than chasing meme pumps.
Not surprisingly, good cash is shopping for large time into the Effectively into stage 3, Raboo’s worth of simply $0.0042 represents an ideal entry level for people chasing the parabolic development of a meme coin with a story that might see it hit stratospheric heights.
Conclusion
Raboo is a low-cap blue chip meme coin on the verge of a breakout yr—and now could be YOUR likelihood to get in on the motion earlier than the remainder of the market catches on.
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