Dogecoin Dips as Whale Offloads 90M Coins; SHIB and Raboo Investors Eye Bullish Turn

Dogecoin price took a minor dip after a crypto whale offloaded 90 million of their DOGE holdings on the open market. Likewise, its counterpart, Shiba Inu, has taken a slight dip over the past week. However, one meme coin that analysts and investors alike remain bullish on is Raboo, whose presale has raised over $1.5 million in just stage 3 of its launch. The smart money is queueing up to join the Raboo presale launch, which analysts believe could be the next 100x low-cap gem in 2024. Learn why you should get in on the early action, too. 

Dogecoin price action stalls as crypto whale dumps 90M DOGE

Dogecoin price action took a bit of a setback after a major Dogecoin crypto whale sold off 90 million tokens on the open market. The price is down 1.1% in the past 24 hours, reflecting. Currently, Dogecoin price trades at $0.16, with $0.20 as a firm target for Dogecoin holders in June.

However, Dogecoin is already losing ground to newer and shinier meme coins, with much of Dogecoin’s appeal being restricted to being an “index” of sorts for the broader meme coin market. Anybody expecting Dogecoin price action to recreate its parabolic 2021 charts in 2024 will be sorely disappointed. 

Shiba Inu better poised to outperform Dogecoin price in 2024

Shiba Inu price action followed the Dogecoin price action in 2021 when both dog-themed coins hit all-time highs. However, much like Dogecoin, Shiba Inu has lost much of its sheen as newer meme coins attract more liquidity from pump-chasing meme coin degens.

Unlike Dogecoin, Shiba Inu is better positioned to provide marginally better gains than its older cousin. That’s because Shiba Inu has shifted to a deflationary tokenomics regime, featuring quarterly burns that remove SHIB tokens from circulation and stabilise prices. However, the smart money is ditching Dogecoin and Shiba Inu in favour of Raboo, whose presale has drawn immense attention in 2024.

New SocialFi/AI meme coin Raboo poised for a parabolic run in 2024

Raboo is a new meme coin at the intersection of two crypto industry narratives: artificial intelligence and meme coins. Thus far, its presale has attracted over $1.5 million, entering stage 3 of its launch. Crypto whale investors are getting in on the act as they take out early positions into the promising SocialFi and AI-powered meme coin, which analysts are pencilling in for a potential 100x gain.

Raboo rewards holders using its AI meme generator and distributing memes across the internet and social media verticals. This post-to-earn mechanic is a major driver in Raboo’s growth, allowing investors to earn $RABT tokens for their efforts in propagating memes and shoring up Raboo’s growth. As of stage 3, $RABT token prices are available at just $0.0042, giving early adopters an early in for parabolic gains in 2024 and beyond. Better still, stage 3 joiners can still harvest a 233% gain in token price increases before Raboo launches.

The final word

In terms of parabolic growth potential in 2024, Raboo is the clear-cut choice. Dogecoin and Shiba Inu are yesterday’s news. Raboo, meanwhile, hasn’t come even remotely close to peaking. 

You can participate in the Raboo presale here.

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