May has come to an end and there have been a lot of changes in coins such as Jupiter and Solana. Learning about these changes will help you make better investment decisions. Both Jupiter and Solana have been experiencing a downward trend over the past few days.
Raboo is a new AI-themed meme coin that is still in its presale. It has sold over $1.5 million presale tokens. The project continues to show signs of great investment opportunities and is growing to be a top coin in the industry.
Jupiter: Drop in price raises concerns among investors
Jupiter’s price dropped below $1.09, a crucial support level, indicating a decline in interest from buyers at higher prices. The selling demand is getting stronger around each support line as the price of JUP is currently falling below the EMA trend lines. The price of JUP is currently trading at $1.09, and down more than 6.91% over the past week.
The well-known cryptocurrency trading platform Robinhood Crypto has revealed that it is now able to trade Jupiter (JUP) for Europeans. The announcement has garnered substantial attention from the worldwide cryptocurrency community, since the company has expanded the incentives for trading the aforementioned tokens. However, despite the support, Jup is still traded in the red.
Buyers must, however, firmly defend the $1 level in order to stop this downward momentum. Should the market recover from this point, the Jupiter price may move closer to the critical resistance level of $1.2.
Solana: Fluctuations results in indecisiveness among investors
Solana made a bullish spike yesterday. This spike was influenced by the favorable governance vote for Solana validators and the influence from the strong performance of Solana based memecoins. However, SOL has dropped back down and is now trading at $165.42.
Solana has been experiencing major fluctuations over the past few days. SOL saw a 5% gain on May 27, rising from $161 on May 26 to $171. The increase heightened investors’ expectations for further gains, particularly considering that SOL had only a few days earlier reached $173.97. Holders of the coin believe that the project’s plan to boost validator returns instead of burning tokens may cause a significant rise in price.
Solana currently has a market value of over $76 billion, making it top 10 crypto to invest in. While it is a good investment opportunity, the current fluctuations behind the coin is a cause of concern.
Raboo: A new meme coin with potential to make great profit
Raboo’s explosive climb to prominence following its incredible achievement of generating over $1.5 million during its ongoing presale has dominated this week’s cryptocurrency news. With over 2,400 token holders and over 7,500 registered users, the AI-backed memecoin has grown rapidly.
What’s causing the excitement for Raboo? The presale enhanced rapidly from Stage 1 to Stage 3- and very nearly into Stage 4, and the outlook is even more encouraging. The price of $RABT, the native token of Raboo, is predicted by analysts to increase by 233% during the presale and by an astounding 100x on the day of the actual launch.
Raboo’s uniqueness is in their novel social-fi approach, which skillfully combines social media and artificial intelligence (AI) to build a thriving community that produces memes. Raboo offers its members the chance to earn extra tokens through weekly, monthly, and quarterly challenges in addition to unique giveaways, which sets it apart from regular memecoins.
Conclusion
Jupiter and Solana have been unstable over the past few days and are currently on a downward trend. Raboo, on the other hand, is still in its presale stage. But is showing great potential. Holders of Solana and Jupiter are now rallying to Raboo to get presale tokens before they skyrocket in price.
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
