Demand for Toncoin declines, new meme coin becomes trend

Global crypto market cap rises to $2.54 trillion on growth from Cardano, Toncoin and emerging meme coin Raboo, which gained momentum after attracting over 8,000 users in its presale.

The global cryptocurrency market capitalization has increased by $10 million and now stands at $2.54 trillion, with several major cryptocurrencies including Cardano and Toncoin contributing to this.

Another contributor is the new meme coin, Raboo. The project is quickly gaining popularity in the market due to its great features and promising opportunities. Still in presale, Raboo has over 8,000 registered users and over 2,500 token holders. Find out more about the new project.

Experts Advise Investors to Buy Cardano Before Chan Fork

In early April, Cardano network co-founder Charles Hoskinson revealed the Cardano network’s long-awaited Chan update in a post published on X. The upgrade is expected to take place in June 2024 and is expected to be the most significant upgrade to date, following the previous one in 2022.

The Chang Update is the first hard fork in the Cardano roadmap since the Voltaire era. It aims to provide community-driven governance to the Cardano ecosystem. Once implemented, the Chang Upgrade will allow ADA holders to use their tokens in proposals, marking a major step towards full decentralization of the network.

According to expert analysis, investors can take advantage of this important upgrade and witness a remarkable rise in the altcoin. Cardano’s price is currently in the red, trading at $0.413. Experts advise investors to consider acquiring enough Cardano tokens so that they can witness the positive rise caused by the upgrade scheduled for late June.

TONCOIN token falls despite hitting record high

TONCoin price hit a new all-time high (ATH) today, starting June on a high note with an 8.6% gain. This incredible rally saw the Telegram-based asset close above $6.8 for the first time in three weeks.

TON maintained an upward trend until Toncoin hit an all-time high of $8.12 on June 14. This amount surpassed the previous all-time high (ATH) of $7.53 recorded on June 7. Although there was a significant drop in the following days, Toncoin has increased by 16.88% in the past 30 days.

Meanwhile, TONCoin’s on-balance volume (OBV) has declined overall this week, dropping from 155.3 million tokens to 127.8 million tokens. TONCoin is currently trading at $7.85, up 5.30% in the past 24 hours.

Raboo presales surge, attracting more investors

Raboo is one of the top altcoins to buy this year. This unique meme currency initiative is using AI and creative technology to transform the $62 billion meme market. Raboo has progressed from stage 1 to stage 4 of its presale, registering a 60% increase from $0.003 to $0.0048. This has caught the attention of other investors, including Ethereum holders, who now see the token’s potential to further develop the Ethereum network.

Because Raboo uses both Web2 and Web3 technologies, it sets a new benchmark for meme quality and ensures that only the best quality memes succeed on the platform – this is what makes Raboo unique.

Besides being unique, Raboo’s roadmap lays out a precise path for continued growth in the meme industry. Raboo will focus on team building from the very beginning, assembling a talented group of developers dedicated to ensuring the stability and robustness of the project on the blockchain.

Conclusion

The long-awaited Cardano Chang upgrade, which is expected to bring community-driven governance, and the 60% increase in value of new meme coin Raboo (RABT) during its presale are clearly two key events that will create a lot of excitement in the industry in Q2 2024. Investors can consider buying Raboo and prepare to profit after launch.

For more information, visit Raboo’s presale website or join our online community. X And Telegram.