The post Polkadot and XLM Topped by SocialFi Sensation Raboo Poised To 100x appeared on BitcoinEthereumNews.com.

Polkadot (DOT) and Stellar (XLM) have been struggling at a low ebb for a while now. Major declines in user activity have stunted the coins’ growth, and as usual, the investors are exploring other options. As the content creation market gets even bigger, a new AI meme coin is taking the crypto market by storm. This new coin, Raboo (RABT), has raised over $2 million in presale, with investors lined up to lock into the high-profit project.  Keep reading for more.  DOT user activity declines, holders seek alternatives Between May and June 2024, analysts predicted a bullish trend for DOT in July. However, this was far from the case as the coin witnessed a 7.31% decline in the last seven days, with analysts now predicting a bear run for the DOT price. The active addresses of Polkadot‘s relay chains and parachains are facing significant lows following the massive drop in its network activity in June 2024.   Analysts project even deeper lows for Polkadot, as its Relative Strength Index (RSI) is at 42.88. The plunge suffered in June has trailed into the latter days of July.  For many DOT holders, Polkadot‘s partnership with Web 3 foundation, Heroic esports, and Polimec funding protocols may not be enough of a buffer for recent losses. As a new meme coin poses to lead the SocialFi crypto market, investors are contemplating a move over to the market favorite.  Stellar bear run is far from over For the most part, XLM has underperformed in the bull run of 2024. Earlier this month, the coin saw a substantial surge in its price, driving it to its highest resistance at $1.60. According to analysts, this signaled the beginning of the range-bound price action for XLM. However, this surge was short-lived. Over the last month, XLM has had 18/30…

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Filed under: News - @ July 28, 2024 5:24 pm