Cardano And Hedera On A Decline, Can New Altcoin Help To Recover Holdings?

After the prices of Cardano and Hedera took a nosedive early last week, investors began to look into newer altcoins as a way to potentially recover losses. With Raboo already making headlines as one of the most preferred alternatives. Due to its innovative technology with AI capabilities, analysts are now hinting at Raboo ($RABT) being one of the most suitable altcoins to invest in today.

Let’s find out if  Raboo is really the right choice for a remarkable rally that will offset investors losses in Cardano and Hedera.

Cardano (ADA) price drops due to declining dApp interest

Cardano is among the altcoins that have struggled in the market within the past seven days. As per CoinMarketCap, Cardano's native token, ADA, experienced a dip from $0.48 to $0.43, marking a 10.9% decline in the matter of days. Due to the decline, many who bought into ADA the week previous experienced a loss in their holdings.

Many experts attributed this decline to the reduced interest in decentralized applications (dApps) built on Cardano's ecosystem. The decline in investor interest was revealed in Cardano's total value locked (TVL), a metric for determining the amount of tokens locked or staked in a DeFi platform.

According to data from Artemis, an crypto analytics platform,  Cardano's total value locked (TVL) dipped from $430 million to $230 million. Experts believe that should the interest in Cardano's ecosystem continue to diminish, ADA's current decline may persist for an extended period.

Hedera down 14%: Can security focus reverse investor sentiment?

Hedera is popular for its relentless pursuit towards providing a secure environment for decentralized applications and transactions while protecting its network against potential threats. Recently, Hedera announced it has become a member of the newly founded Crypto Information Sharing and Analysis Center (Crypto ISAC), an organization focused on improving security across the cryptocurrency landscape.

Despite Hedera's groundbreaking membership, HBAR is still down about  14%  within the past week from $0.1055 to $0.088 as per CoinMarketCap.  As a result of this decline, investor optimism regarding HBAR's future has started fading, and they are now searching for better alternatives.

$RABT to the moon? Presale coin targets top 20, challenges meme coin giants

In a week marked by declines for HBAR and ADA, investors were still  able to spot a groundbreaking meme coin known as Raboo, which promises opportunities for investors to regain their investments and also excel in the market. Notable for its real-world applications of virtual economies, this presale token has received a significant boost from experts as one of the most rewarding meme coins in 2024.

Raboo is an intriguing post-to-earn platform aimed at becoming a top 20 cryptocurrency by market cap, challenging meme coin giants such as SHIB and DOGE. The platform’s  fame stems from its cutting-edge technology that merges AI and Social-Fi features into its ecosystems, in effort to revolutionize the meme sector.

Moreover, with a roadmap that includes engaging in strategic partnerships, NFT and DEX launches, and integration of smart contracts, Raboo positions itself as a forward-thinking project with a clear vision for long-term success.

Currently in Stage 4 of its presale, $RABT tokens can be acquired at $0.0048, and as it keeps progressing in its presale, early investors can anticipate a greater increase in the token's value. Upon entry into the market, Raboo is believed to have the potential to deliver a 100x ROI, making it one of the most profitable altcoins  to invest in today.

Conclusion

While Cardano and Hedera have disappointed investors with their respective price declines, Raboo has captured their attention, promising a potential surge that can offset their losses and still return incredible gains. As a meme token with innovative AI and social features, experts believe Raboo could garner substantial investor attention in its presale, with the demand for its token skyrocketing remarkably, making it one of the most profitable presale tokens of the year.

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