LINK Underperforms Against Meme Coin Icon Raboo Whilst MATIC Erases Q1 Gains
The crypto market is a very unpredictable place. Two coins, LINK and MATIC, that many investors hoped would do well are currently in the trenches as they have yet to impress with their losses.
Meanwhile, Raboo, a presale token, is creating a buzz in the crypto community. With over $2 million already raised, this meme coin is set to outperform even well-known tokens and give investors a 10,000% ROI. Before we turn to Raboo ($RABT) in detail, let’s examine how Chainlink (LINK) is doing.
Chainlink underperforms, causes crypto market panic
Chainlink isdown 32.12% from its 3-month high of $18.77, leaving the crypto marketdisappointed. Many investors had high expectations for this coin, but those expectations have slowed down now as LINK’s price action still looks weak.
On the daily chart, the 50 EMA is still over the 20 EMA, signaling that the bears are in control. The price will need to break the $16 resistance level before investors have any hope of profits.
If this fails to happen, then Chainlink could make even more losses, causing its beloved holders to panic even further. Some Chainlink investors are already moving their funds to Raboo.
MATIC erases Q1 gains as bears turn vicious
The bears are tearing MATIC apart, as the coin has been bleeding constantly since March. After reaching an impressive price of$1.29 on March 16, MATIC has not returned any gains since then, prompting investors to move to other projects.
While the RSI is currently at 49.96, indicating a bit of neutrality, MATIC’s candles are largely bearish, with huge red candles indicating the bears are not done yet. For MATIC price to yield meaningful gains, the bulls must push the price to the psychological level of $1 before investors can believe again.
Raboo set to outperform top crypto projects with exciting utility
The crypto market loves projects with utility. These projects usually remain relevant for a long time, and Raboo won’t be an exception. This utility-packed meme coin could be the darling of crypto investors and traders as it is set to change the meme coin sector’s dynamics for good.
The project features Rabooscan, which checks the internet for relevant and unique memes. The internet is flooded with many memes, mostly overspun used up or dry jokes. Rabooscan will clean up the web space and take only worthy memes.
Users whose content the Rabooscan finds worthy would then be able to earn $RABT tokens via the project’s post-to-earn feature. Raboo users gain two key things from this SocialFi feature. First, they can earn from their memes. Two, they get to connect with fellow meme enthusiasts from around the world, building a solid meme culture and making meaningful connections.
Conclusion
Why wait endlessly for LINK and MATIC to recover when you can put your money on Rabooand enjoy the profit on your investment when the project goes live in a few weeks? Invest in the future of the internet today and thank yourself later for it.
Raboo, currently at Stage 4 of its presale, is running a time-limited offer where you get an automatic stage bonus of 20% instead of 10%! Take advantage of this opportunity to bag some Raboo at $0.0048, which is still ridiculously cheap.
You can participate in the Raboo presale here.
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