Dogecoin’s price has been a hot topic recently, with some seeing its recent uptrend as a key demonstration that DOGE is gearing up for a rocket-bound adventure. However, new meme coins like Raboo are stealing some of its thunder. Will DOGE keep its momentum, or will Raboo’s AI meme coin be the one to watch? Let’s take a deep dive into these two projects.
Dogecoin has long been considered the king of meme coins. After a relatively quiet debut in 2013, DOGE hit the mainstream in 2021 after the Gamestop short squeeze and the subsequent rise of meme-based cryptocurrencies. Dogecoin price was further boosted by Elon Musk, who frequently tweeted about the coin and even purchased a Shiba Inu pup himself, helping it pump from around $0.003 in December 2020 to a near-unfathomable $0.73 by May 2021.
While DOGE has since slowly bled out since then, hitting a low of around $0.055 in mid-2022, it still attracts a massive, loyal fanbase. There are few use cases for DOGE besides a means of payment and microtransactions, meaning it relies heavily on its brand. For an inflationary crypto like DOGE, that doesn’t bode well for its long-term price potential.
In 2024, DOGE shot higher, almost tripling between late February and April to a peak of $0.22. After declining to $0.095 in September, DOGE seems to have cleared a significant resistance level at $0.11—seen as key for a further bullish movement to $0.15. It seems there is potential for DOGE to reach $0.15 and possibly $0.22, but with new competitors like Raboo on the scene, future gains may be somewhat limited.
It’s no secret that many new meme coins have outperformed Dogecoin in 2024. Now, after raising more than $2.5 million in its ongoing presale, Raboo looks likely to be its next biggest threat.
Raboo has already jumped 90% from $0.003 to $0.0057, reaching the 5th stage of its presale, with analysts forecasting an approximate 143% surge before the presale’s conclusion. Beyond there, some think it has 100x potential post-launch.
Raboo’s USP is its AI-powered meme generator. Using Rabooscan, a proprietary AI tool, Raboo scrapes memes from social media and allows users to create their unique memes. They can then be monetized, either by winning regular contests or through Raboo’s Post-to-Earn feature—a practical, interactive edge, something few other meme coins offer.
Raboo also plans to introduce NFTs and staking pools into its SocialFi ecosystem, aiming to build one of the largest meme-based communities in Web3. Plus, with no buy or sell tax, a token-burning program, and a secure platform built on the ERC-20 standard and audited by SOLIDproof, Raboo is well-positioned to dominate in 2024.
The team recently announced that they’d be moving on to the AI model development phase, following a rigorous data collection process. It seems the Raboo team is priming $RABT for takeoff. Community spirits are at an all-time high, and there are projections the presale could sell out in a matter of weeks. Don’t miss an early position in Raboo—tokens may never be this cheap again.
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
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