Bonk’s wild price swings are routine among meme coins, and even though BONK is categorized as a meme coin, its price action is pegged on its burn process. A recent token burn event of 84 billion BONK saw the Solana-based meme coin surge over 10% on some days. Could BONK’s rally revive excitement about Solana as the king of crypto?
However, Raboo has entered the scene, and its $RABT token is already up 90% from its presale starting price of $0.003 to its current rate of $0.0057. Raboo is pioneering the world’s first SocialFi AI-backed meme coin.
Bonk’s price rally is imminent if a recent analysis pans out
Bonk (BONK) is touted as Solana’s first dog-themed meme coin founded and managed by the community. With 50% of BONK’s total supply in the hands of the Solana community, BONK holders are sure of fairness. This is unlike most meme coins whose token supply is in the hands of a few stakeholders. For this reason, BONK has always attracted a crypto-centric crowd that is focused on the performance of the token.
With BONK’s price action anchored to its token burn rate, the recent approval of a proposal to burn about 84 billion BONK saw the price of BONK surge over 25% as the bulls outmaneuvered the bears. BONK’s price fought against the grain as it gained after a market-wide sell-off saw most meme coins register double-digit losses. In the last 7 days, BONK has risen by 11% making analysts optimistic that BONK could soon resume its year-to-date uptick of over 8,742% and make Solana the king of crypto.
Raboo’s 90% surge attracts investors raising over $2.5 million
Weeks into Raboo’s ongoing presale, $RABT has registered a meteoric price hike of 90%, transitioning from a presale start price of $0.003 to its current rate of $0.0057. Raboo is a unique SocialFi AI-backed meme coin that rewards platform users through its Post-to-Earn ecosystem.
With Raboo, meme culture lovers can connect with like-minded individuals and earn passively from creating memes and sharing laughter with other Raboo users. At its core, Raboo is integrating the world of generative AI with meme culture through its flagship Robooscan, which is an AI-powered meme content generator. It’s capable of scouring the internet for the latest and most hilarious memes. Users of Raboo can leverage Rabooscan to produce content and post for a chance to earn $RABT.
Thanks to its focus on cultivating a community of crypto enthusiasts who love meme coins, Raboo is on track to become the king of crypto. It integrates the emerging AI industry estimated to be worth over $200 billion. With only 63% of $RABT’s 1.8 billion tokens up for grabs, now is the right time to jump in. Analysts predict further upside for $RABT by a whopping 233% before the presale ends.
Conclusion
BONK’s price might have stalled over the last month; however, BONK’s burn proposal of nearly 84 billion tokens has had analysts forecast a bullish resurgence for the Solana-based meme coin. Raboo is also on the rise and tipped to rally 10,000% on launch day.
You can participate in the Raboo presale here.
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