Meme cash are all the trend this 12 months. Frog-themed meme coin PEPE simply proved that it was a 100x meme coin after surging to new all-time highs in 2024. Then again, Elon Musk’s favourite Dogecoin has already confirmed its 100x meme coin. However as we enter the third quarter, neither PEPE nor DOGE are anticipated to recreate their epic 100x meme coin charts. As a substitute of PEPE or Dogecoin, analysts tip new AI and SocialFI meme coin Raboo as the subsequent 100x meme coin. Be taught why the good cash is taking out early positions in Raboo as of June 2024.
PEPE mints a brand new all-time excessive
Cartoon frog-themed meme coin PEPE has been on an absolute tear over the previous month, recording a 100% acquire for the reason that finish of April. PEPE at present trades at as of press time, with a market cap of $6.1 billion. PEPE just lately printed a brand new all-time excessive final Could twenty seventh, when it final modified arms at $0.00001717. The numerous enhance in market exercise foreshadows what may very well be one other new all-time excessive within the works for PEPE. PEPE delivered large time on its early promise as a possible 100x meme coin when it rose to prominence in 2023.
Dogecoin produces middling features regardless of Elon Musk backing
Regardless of the backing of Tesla and X CEO Elon Musk, Dogecoin (DOGE) costs have been soundly outperformed by PEPE and different new meme cash like Raboo. DOGE recorded a 13.7% acquire prior to now 30 days, reflecting the shortage of curiosity within the big-cap meme coin. It is not for lack of visibility, both—DOGE had been shilled closely on X (previously Twitter) by Elon Musk himself. DOGE acquired a lift in hype after Tesla adopted it as one in all its cost strategies, hinting at a possible use case as an alternative of a pure meme. At press time, DOGE was buying and selling at a lackluster .
Raboo well-positioned as the subsequent 100x meme coin of 2024
AI and SocialFi meme coin Raboo has made waves in 2024 after elevating $1.5 million as of stage 3 of its presale. Raboo has gained traction as the subsequent potential 100x meme coin with its distinctive AI, SocialFi, and post-to-earn traits. Raboo permits customers to earn $RABT tokens by creating and disseminating memes utilizing its AI meme generator.
By doing so, customers assist develop the Raboo group and transfer the needle in $RABT token costs. It isn’t simply one other meme coin—Raboo is a self-sustaining ecosystem with NFTs, staking, and incomes alternatives. Raboo leverages the meme coin and AI narratives that can drive the subsequent bull cycle, making it a robust candidate to develop into the subsequent 100x meme coin of 2024.
The ultimate phrase
PEPE and DOGE have already seen their absolute peaks. If you happen to’re in search of the subsequent 100x meme coin, you are already late to the dance in case you plan to purchase PEPE or DOGE. Raboo continues to be in its presale stage and its entry price of simply $0.0042 positions it higher for parabolic progress this 12 months. You are still early to the Raboo presale—do not miss out on a clear-cut probability for outsized ROIs.
Disclaimer: Analytics Perception doesn’t present monetary recommendation or steering. Additionally notice that the cryptocurrencies talked about/listed on the web site might probably be scams, i.e. designed to induce you to speculate monetary assets that could be misplaced perpetually and never be recoverable as soon as investments are made. You’re liable for conducting your personal research (DYOR) earlier than making any investments. Learn extra right here.