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Experts attribute the decline in PEPE trading volumes to investors flocking to new and promising memecoins such as Raboo (RABT).
PEPE has been experiencing a decline in its trading volumes lately and experts are attributing it to the influx of investors leaving PEPE for Raboo (RABT), a debut memecoin, with the potential to rank among the leading defi coins and increase in value by 100 times after its listing. Also, the legal case between Ripple and the US Security Exchange Commission is reported to be ending soon. Let’s dive into the details.
PEPE rises, but warning signs emerge as trading volume plummets
Pepe (PEPE) has seen a 1.3% increase over the past month and is currently trading around $0.0000117, as per CoinMarketCap Data. The Pepe token has been experiencing high volatility, with prices between $0.00000828 and $0.0000132, providing lucrative opportunities for investors who can navigate the ups and downs of the market effectively.
However PEPE’s trading volume was on a steep decline with CoinMarketCap recording over 33% drop over 24 hours indicating that the number of people investing or using PEPE were reducing. From a technical perspective an immediate support lies at $0.000010, and a drop below this level could see PEPE testing $0.0000065.
Trump’s crypto stance fuels XRP rally amid impending verdict
Ripple (XRP) has risen by around 26% over the past 30 days and is currently trading a little below the $0.60 price mark, likely due to the positive sentiment from Donald Trump’s speech at the Bitcoin conference regarding the ongoing Ripple-SEC lawsuit. Because Trump is a supporter of cryptocurrencies, there’s much belief that him winning the upcoming US election could positively influence the outcome of the Ripple court case.
Remarkably, it seems that the Ripple-SEC lawsuit might end much earlier than when the U.S. elections conclude, however this is not certain. According to attorney Fred Rispoli’s prediction, the Ripple-SEC lawsuit ruling is expected by the end of July 2024, with Judge Analisa Torres delivering the final verdict.
Investors bet big on Raboo’s potential for massive returns
Experts in the crypto space have been giddy with anticipation over Raboo’s ground-breaking features and its potential to generate up to 233% gains for early adopters ever since its presale began.
Raboo, which is in Stage 4 of its presale phase and only selling tokens for $0.0048 each, has distinguished itself from other tokens and established a reputation as one of the best DeFi coins this year. Its capacity to use AI to advance online meme culture is one of its distinctive qualities that investors look for.
Raboo’s presale is a fantastic opportunity for investors to be a part of something groundbreaking, since the platform intends to leverage the AI-Social-Fi-Blockchain merger technology to totally transform the meme industry.
Moreover, Raboo’s tokenomics encourage community interaction and will reward early participants, making it arguably one of the top altcoins to watch this year. As the platform expands, token holders will reap special advantages and incentives that will boost their cryptocurrency holdings.
Conclusion
The drop in PEPE’s trading volume illustrates how investor mood is changing and how they might be looking for other chances like Raboo- the memecoin positioning itself to be recognized among the top altcoins to watch in the $62 billion meme market. In the meantime, there is conjecture that a resolution to the ongoing SEC-Ripple legal over the status of XRP will no longer be delayed than intended.
Interested users can participate in the Raboo presale here, and check out Raboo’s Telegram and Twitter.
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