The post A quest for the memecoin which could displace Polkadot in 2024 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. As DeFi falters, the meme sector thrives with Pepe and the rising memecoin Raboo drawing attention in the crypto space It’s been ‘memecoin assemble’ for the past month, as the meme sector took a turn for the best. Even the frog memecoin Pepe followed the move closely as the DOT price took a big dip. The DeFi guard is falling, and it’s up to memes to revive the profits. But could Pepe be the answer? Raboo (RABT) is a new memecoin displaying more potential than we have seen in the crypto market. And with its project line-up and potential profits, Raboo has gone from a newbie to the toast of the crypto-verse. There’s hardly been a better time to launch a presale. DOT price falters despite platform upgrade The DeFi coins are not getting much from the market so far. Despite displaying a rather healthy network, Polkadot (DOT) is in danger of crashing soon. Daily holder counts and on-chain token volumes are at an all-time high, but the DOT price is down 10.38% in the past 7 days. The bad news is that analysts are tipping the token to hit another 13% loss before it starts to shape up for a spike. Polkadot users are in for a long wait if the reports are anything to go by. And it will be nothing pleasant. Already, the DOT price is making holders think of replacements for Polkadot in the short term–some meme coins come to mind. Pepe price fluctuations could cost it  When you think ROI, you think memecoins, and Pepe is one of the first meme tokens to come to mind. And for good reason. The token is arguably…

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Filed under: News - @ August 4, 2024 3:16 pm