The post SHIB and Render holders remain bullish on tax-free token Raboo appeared on BitcoinEthereumNews.com.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. SHIB and Render are trending down. Investors are now eyeing Raboo for its tax-free status and growth potential. SHIB and Render coins are not an exception to the general downward trend currently seen in the cryptocurrency market. Consequently, the holders of these top altcoins have now turned to Raboo (RABT), a rapidly growing new presale token in hopes of experiencing gains from investing in it. Investors are optimistic about Raboo (RABT),  considering its tax-free status, but could Raboo turn out to be the profitable investment they’ve been searching for? Let’s find out. Shiba Inu’s burning campaign ignored by market as prices plunges  Significant amounts of  SHIB tokens are still being sent to a null address as part of the Shiba Inu team’s continuous burning campaign. According to data, 178 transactions totaling close to 380 million SHIB tokens were removed last month. On July 11, more than 70 million SHIB were destroyed, setting a record. On July 22, about 60 million SHIB were burned.  Although the monthly burn rate was impressive, it did not raise the price of SHIB; instead, it caused it to falter, falling 9.6% in the last month to $0.00001487, forcing investors to look for other investments. Shiba Inu’s dismal performance is in line with a wider market downturn, in which Ethereum sank to about $3,100 and Bitcoin momentarily went below $64,000. Render under pressure: Price drops 36% amidst bearish market Render (Render) is one of the top altcoins, currently experiencing a challenging market situation fueled by the overall bearish market. Over the past week, Render  dropped significantly by 28%.  Even the technical outlook suggests a bearish trend, as Render struggles to maintain its support levels due…

---

Filed under: News - @ August 4, 2024 6:04 pm