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Decentralized finance took a huge hit this year, especially after Bitcoin’s price kept finding new lows through the summer. Exchanges like Uniswap seemed to be above all the bearish waves, but some developments have caused significant dips in the Uniswap price.
Decentraland (MANA) has also been unable to get its groove back from the good ol’ days. NFT trade is not quite the priority anymore. Now, the question is, between the Uniswap price dip and MANA’s struggles, which token could deliver bigger profits, and where do meme coins such as Raboo ($RABT) stand in all of this?
Uniswap price trades downward after a surge
While the rest of DeFi fell into the hands of the bears this summer, Uniswap stayed afloat. In fact, the exchange got quite busy, and its network fees stacked up pretty nicely based on all the activity.
But it does seem like even UNI will be falling to selling pressure soon. Some whale transactions have placed the token in a precarious position, as some 902,500 UNI tokens were sold on the FalconX platform. Already, Uniswap’s price is down 8.76% on the daily timeframe as a result, even falling past its support levels at $6.3 and $6.0.
For now, the fate of Uniswap is firmly in the bears’ hands. There’s a resistance to beat at $7, but UNI’s focus is getting over this bad patch.
Decentraland falls to second choice
The market in 2024 started with huge promises for every sector, even though some held more prospects than others. Decentraland might have had a strongly bullish year on the cards, but the turnout has not been as promising.
NFTs and virtual real estate are the mainstays on Decentraland, and it’s sad to see how they have fallen off the priority list. While virtual real estate was the rage in 2021 and 2022, MANA and its Metaverse chums are definitely not feeling the love now.
For all the bearish market is worth, the MANA price is not so far off its $0.29 predictions for August. The token is up by 2.7% in the past week, trading at $0.28.
Profits are the currency at the moment, and DeFi is not looking encouraging. Try a meme, perhaps?
Raboo is standing by to take your calls.
Meme meets AI on Raboo
It’s a popular perception that meme tokens are not very serious projects, with most of them fading into non-existence soon after launch. But you know why that’s the case with most memes?
Most times, meme coins launch without plans for longevity or utility, and that’s why Raboo has more potential for success. Apart from the pull from social media, the Raboo project is on a roll currently, and it’s not going to end with the presale and launch.
Why? The Raboo-verse will be powered by an AI tool that’s been trained to create funny, high-quality memes from random content on social media. Rabooscan is designed to get the hard part of meme creation done: scouring for memeable content. After gathering the media, the AI churns out the best memes into circulation, slowly replacing the tacky memes we are already tired of.
What’s cooking on Raboo’s presale?
Rabooscan is already past the first stage of building, and the AI is in Model Development now and looking to be completed before launch.
So, while UNI and MANA weather the bearish storms, why not choose Raboo for your summer profits? There’s a 233% presale profit pool to benefit from, and the $RABT tokens are tipped for a 100x spike when they list on major exchanges.
