Numerous investors appear to be leaving Ethena (ENA) as the altcoin plunges almost 40%. However, there is significant interest garnered around an AI-powered meme coin called Raboo ($RABT) for making one of the most unexpected gains in the industry , which has been reported to have outperformed Tron’s annual gains in a matter of weeks. Is the new presale coin the next big thing within the meme sector? Let’s find out.
Ethena generates 3.6 Billion USDe stablecoins, but price struggles
Ethena began to draw attention recently after generating a substantial supply of 3.6 billion USDe tokens. USDe tokens are stablecoins that facilitate arbitrage trading, but with very limited liquidity. With such a significant amount of USDe generated by Ethena, more investors are given the opportunity to acquire and stake them to potentially earn high annual percentage yields. USDe token holders also stand a chance to witness an airdrop promised by Ethena.
Surprisingly, Ethena’s achievements have yet to overturn ENA’s current slump, which is at the rate 38.4% from the previous month. The reason is that the value of staked USDe depends on the price outlook for ETH or the broader market. With ETH currently down 11% weekly, it is believed to have caused the USDe stablecoin to lose its peg to the US dollar and potentially make investors shy away from investing in Ethena.
Tron topples Shiba Inu for 11th spot: market cap soars despite price lag
Tron has once again shown it is one of the top altcoins to keep an eye on this year, after displacing Shiba Inu from its position as the 11th largest digital asset by market capitalization. Tron’s achievement was largely attributed to its high daily trading volume of USDT on the TRC-20 network, which has outperformed many competitors.
CoinMarketCap tracks Tron’s market capitalization at a current value of $10.71 billion. However, TRX has only managed to increase by around 59.5% from $0.07458 to $0.119, over the last year, causing many other altcoins to outperform it.
Raboo outshines Tron: Meme coin presale soars 60%, community takes center stage
While Tron has historically been a reliable performer, Raboo’s substantial rise has put it in the shade. In Raboo’s presale, its token has been able to surge 60% from its starting price, outperforming Tron in terms of annual gain, and it has done so in a matter of weeks, leaving the crypto community in awe.
A key to Raboo’s success is how it implements a fair and equitable token distribution model that empowers a diverse community of holders. The meme coin project plans to allocate a significant portion of $RABT tokens to community initiatives and strategic partnerships.
Raboo has also fostered a loyal and engaged community, which has rallied behind the project’s vision. By using Raboo’s native token, $RABT, the platform’s community is allowed to participate in the project’s governance, vote on key decisions, and even contribute to the development of new memes.
With more stages to go before the presale ends, Raboo offers investors the opportunity to grab its presale coin at just $0.0048, so as to witness potential gains when Raboo transitions to another presale stage and eventually launches.
Conclusion
While Ethena (ENA) has struggled, losing nearly 40% of its value, the emerging meme coin Raboo ($RABT) has surged in its presale, outperforming even top altcoins like Tron (TRX) in terms of annual gains.
As Raboo performs remarkably in its presale and attracts widespread attention from the crypto community with its focus on fair token distribution and community empowerment, investors who participate in its presale could potentially witness the best gains in cryptocurrency investment this year.
You can participate in the Raboo presale here:
Telegram: