Justin Sun, the creator of Tron, a leading DeFi platform, has sparked speculation about the future of Tron in the market after selling a massive 173 million TRX tokens. At the same time, experts are suggesting a potential sell-off of ENA tokens following a significant release of the altcoin into the market.
Despite these developments, investors are showing interest in the presale token, Raboo ($RABT), which has caught their attention with its AI-powered features and Social-Fi elements.
Tron’s price has dipped after Justin Sun’s large transfer of TRX tokens to Binance. Despite facing bearish market pressure, Tron had shown resilience in technical charts. However, the token has now succumbed to pressure due to Sun’s massive transfer of TRX tokens to the Binance exchange. Following the transfer, TRX declined by 0.56% to a current price of $0.12 within 24 hours, causing some investors to doubt Tron’s bullish outlook. Nonetheless, experts believe that Tron’s wide adoption, evidenced by its significant number of active addresses, could potentially reverse the downtrend.
On June 30th, a substantial 14.89 million ENA tokens were released into the market. Despite this being just 0.92% of the total supply, experts remain cautious about ENA, with a bearish outlook. Following the token release, ENA saw a slight 0.75% surge to a current price of $0.49, but it remains down by over 10% on a weekly chart. Experts fear that ENA still risks falling further, potentially leading investors to liquidate their holdings.
Raboo, a newcomer in the market, is aiming to establish itself as a top DeFi platform in the $62 billion meme token market by introducing AI-powered technology that investors can use to transform the industry. Raboo also aims to engage users through a “Post-to-Earn” model, which rewards community participation, generating significant interest from investors.
Raboo uses its AI-driven technology to enhance user interaction and content creation to foster a vibrant community. With a total supply of 1.8 billion $RABT tokens, its tokenomics is well-structured to support sustainable growth and community engagement. Currently in Stage 4 of its presale, Raboo’s native token $RABT is priced at $0.0048, with analysts predicting a potential surge of up to 10,000% once it is listed on the market.
In the midst of challenges surrounding Tron and ENA, the crypto market has a new contender capturing the attention of investors – Raboo ($RABT). Raboo aims to establish a dominant position within the meme sector using its innovative AI and Social-Fi technology. Analysts predict a staggering 100x surge of the presale token once it enters the market, making it one of the best altcoins to invest in this year.
You can participate in the Raboo presale here:
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official