The post Myro Treads Water, As Raboo Rides The Wave Leaving AVAX Sinking Under $30 appeared on BitcoinEthereumNews.com.

While in its debut, Raboo’s  presale coin (RABT) is already making its mark in the $62 billion meme sector by offering meme enthusiasts interesting opportunities within its ecosystem and in its ongoing presale that could yield the highest profits this year. Contrarily, two top altcoins, namely Myro and Avalanche, seem not to be living up to expectations, leaving investors to doubt any of their bullish price predictions. Will Raboo continue to outperform Myro and Avalanche for the rest of 2024? Let’s find out.  MYRO struggles to gain traction The meme coin Myro got its inspiration from a dog owned by Solana co-founder, Raj Gokhale. Myro exemplifies a blend of community spirit and blockchain technology, which fosters a more inclusive atmosphere within the industry. Although the platform is believed to have a strong foundation, Myro has not lived up to its hype in the market, as it has remained relatively unstable, causing investors to lose interest in the token. The price of Myro has fluctuated between $0.13 and $0.12 for the past two months. AVAX  plunges as large holders transfer millions to exchanges Avalanche (AVAX) has been struggling with market pressure recently and, as a result, is plunging towards a critical support level of $23.34. One major reason crypto analysts think contributed to the decline in AVAX price is the activities of large-scale token holders in its ecosystem. For instance, a particular large-scale holder reportedly transferred 1.96 million AVAX to exchanges, including Coinbase, Binance, and Gate.io. With such a substantial amount of AVAX tokens entering exchanges, the total supply of AVAX in the market is expected to rise, hence causing the price of AVAX to drop. Unsurprisingly, AVAX has already declined over 30% over the past month and is expected to drop further to the critical level, should the bearish pressure…

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Filed under: News - @ June 25, 2024 10:18 am