Shiba Inu, the second-largest memecoin, and Raboo, the new innovative presale token, have been on an exceptional trajectory over the last few weeks. These tokens have outperformed Jupiter, the Solana-based token, which has been down by almost 3% within the last seven days.
Shiba Inu is currently up by over 21% in the last thirty days, while Raboo has generated over $1.5 million in token sales in its presale, which is currently in Stage 3. What’s behind these tokens’ performance? Let’s find out.
Shiba Inu soars amid whale activity
Shiba Inu is currently enjoying significant growth in its average transaction size, signaling an increasing presence of big players in the market. This surge indicates that these players are becoming more active in Shiba Inu’s ecosystem and its status as one of the best crypto to buy in 2024.
Currently there’s relative stability in the price of Shiba Inu which is atypical for a memetoken. This stability in the price of Shiba Inu suggests that larger investors are holding onto their positions despite occasional fluctuations. This steadiness provides a solid foundation for potential future price increases. Additionally, there has been a marked increase in the number of large transactions.
The total volume of large transactions peaked at 11.65 trillion SHIB, highlighting substantial liquidity and market activity. Also, Shiba Inu has gained over 190% in its year to date analysis at the time of writing, suggesting an increase in investor’s interest and strong fundamentals. With a rising bullish influence in the SHIB token, its price is on the verge of testing its resistance trendline this week. As whales continue to accumulate and trade larger amounts of Shiba Inu, increased market volatility is expected, reflecting the growing influence of major players in the SHIB token.
Jupiter continues to struggle, lags behind Shiba Inu and Raboo
Jupiter, which debuted on January 31st, has faced challenges since its launch. After an initial drop, Jupiter has shown some signs of recovery, with price predictions suggesting it may reach $3.29 in 2025. Despite this, Jupiter has struggled to gain the same momentum as other tokens in the market. This is why it has struggled to keep up with tokens like Shiba Inu.
Jupiter, a leading liquidity aggregator for Solana’s decentralized exchange activity, launched its native Jupiter token alongside a community airdrop, following successful Solana ecosystem airdrops that had driven a bullish trend in late 2023. However, while Solana’s price stabilized amidst recent interest in bitcoin ETFs in the US, Jupiter’s debut did not significantly boost the ecosystem as anticipated.
Despite offering free aggregation services, Jupiter charges fees on dollar-cost averaging (DCA) orders, perpetual swaps, and limit orders to sustain growth. Nonetheless, over the next few months, Jupiter is expected to see a modest recovery from a bear market that has reduced its trading activity and slowed down its growth pace.
Raboo sparks analyst interest with innovative AI integration
Analysts are excited about Raboo, the innovative memecoin, which integrates AI technology. This excitement is tied to the fact that Raboo ($RABT) offers investors and crypto enthusiasts the opportunity to engage fellow memecoin enthusiasts.
With cutting-edge technology and AI integration, Raboo promises an amazing experience for all investors, and this is one of the reasons why analysts are excited to tip Raboo as one of the best altcoin to buy in 2024.
Its unique approach in unifying AI and memes as well as its potential to redefine the meme ecosystem makes it one of the best altcoin to buy in 2024. Analysts’ excitement continues to rise as investors and players in the crypto industry anticipate Raboo’s official listing, given that analysts expect the price of Raboo to grow 233% during the presale, and 100x on launch day.
Conclusion
Although Shiba Inu and Raboo have outperformed tokens like Jupiter this week, crypto analysts are particularly excited at the potentials of Raboo. Apart from its novel features, forecasts of massive ROI up to 100x on the launch day has contributed significantly to widespread excitement amongst analysts and crypto enthusiasts’ generally. Raboo’s blend of AI technology sets it apart in the memecoin ecosystem and the crypto market at large.
