Dogecoin News: Pushes Price Up 70%, PEPE Drops To 40th Spot On CMC

As thoughts turn towards the next bull market following the imminent Bitcoin halving event, the Dogecoin price has surged by 70%. However, another meme coin, Pepe Coin, has seen its price drop, sending it to 40th spot on CoinMarketCap.

Meanwhile, a new meme coin is hitting the market with an intoxicating mix of meme culture and lucrative rewards, with an entry-level price of only $0.003. Say hello to Raboo, the next meme coin star.

Raboo: Gaining momentum by building community engagement

Raboo is hitting the market at the perfect time ahead of the next bull market, as it aims to make significant gains by strategically leveraging partnerships with influencers to maximize community engagement. This dynamic community is already attracting meme enthusiasts and crypto investors in their hundreds.

Raboo offers coin holders unique tokenomics combined with meme culture, providing a platform where users participate in exciting challenges to earn prizes and rewards. This engagement is built on prize draws, giveaways, and community events.

With 1.8 billion tokens allocated, Raboo has emerged as a candidate to capitalize on the imminent bull market by offering investors and meme enthusiasts the chance to take part in an epic adventure driven by a highly engaged community.

Dogecoin: March price surge fuels hope of bull market

Dogecoin, the original meme coin, has gone from strength to strength in March 2024, surging by over 70% to cement its position as the most valuable meme coin and fuel expectations of an imminent bull market after the Bitcoin halving event later this year.

Dogecoin was established by Billy Markus and Jackson Palmer as a light-hearted alternative to Bitcoin and Ethereum and forked from Litecoin in December 2013. Dogecoin came to prominence when it emerged that it was Elon Musk's favorite crypto, prompting the Dogecoin price to new highs in 2021.

Dogecoin is now increasingly used as a means of payment online, with rumors persisting that the native DOGE token could become accepted currency on X, the Elon Musk-owned social media colossus.

Pepe Coin: Victim of its own success?

Another meme coin that pumped ahead of the expected bull market is Pepe Coin, a frog-based meme that shot to stardom upon its release in April 2023. Initially hitting a billion-dollar market cap within a couple of weeks of release, it appeared that Pepe's star had burst as it fell back shortly after.

Despite lacking inherent value, Pepe Coin enjoyed a record-breaking rally in March 2024, hitting new price heights and exceeding a $2.5 billion valuation. Although its 30-day price has seen over 400% gains, it has fallen back by over 26% in the past week to $0.00000615.

Analysts are now asking whether Pepe is a victim of its own success or whether its fall to 40th on CMC is temporary ahead of the bull market.

Conclusion

Recent rises in the Dogecoin price point towards improving market conditions ahead of the next bull market, while Pepe's struggles could prove temporary. The best investment of all right now is unquestionably Raboo's exciting presale. With its strategic partnerships with influencers geared towards building community engagement and enticing rewards up for grabs, Raboo also offers unparalleled investor growth potential.

You can participate in the Raboo presale here.