The altcoin rally has begun, with Polygon and Cardano making headlines with attractive gains. However, many cryptocurrency investors remain eye-focused on a presale coin named Raboo,(RABT) as it aims to bring memes and AI together, driving the $62 billion meme market to new heights. Having already smashed its presale with a 40% gain, will Raboo top the list of best altcoins to invest in for 2024, surpassing Polygon and Cardano? Let's find out.
Polygon (MATIC) price nears resistance: Can it break through for higher gains?
Polygon is the cryptocurrency known for its user-friendliness when it comes to Ethereum scaling. The token is also regarded as one of the best altcoins to invest in due to its current uptrend that has extended over the past month. According to CoinMarketCap, Polygon saw a modest 1.39% increase over the past month, while over the past week, polygon raked an impressive 12.5% gain.
As polygon currently trades at $0.73, it is nearing a resistance level of $0.72, while maintaining a support level at $0.60. According to analysts, should Polygon break the $0.72 resistance level, Itcould potentially rise, observing a higher resistance level at $0.84, depending on the overall market sentiment.
Cardano (ADA) up 13.4%, as ecosystem booms with development activity and growing transactions
Cardano is a proof-of-stake blockchain platform that aims to bring about positive global change through its decentralized, secure, and transparent network. In the past 10 days, the platform’s token, ADA, embarked on a steady uptrend, with a 13.40% gain from $0.4267 to $0.4839, its price as of writing time.
According to analysts, Cardano’s uptrend aligned with a sharp increase in the platform’s development activity over the past week. Firstly, Lace v.1.11, a new update that comes with enhanced NFT features was launched on the platform.
Furthermore, a division of ADA's scaling team, called the Mithril team, released the new distribution, 2418.1, an update aimed at avoiding memory fragmentation within the platform. Aside from upgrades, Cardano's ecosystem also witnessed an increase in its total number of transactions, exceeding 90 million, giving it a promising outlook.
Don't miss out: Raboo presale rockets 40%, experts see continued growth
Raboo (RABT) is the promising presale token that has left investors surprised by rallying up by 40% in its presale, and has captured attention more than most other altcoins. With a unique tokenomics that allows investors to engage with the community and earn rewards while contributing towards enhancing the meme sector, the platform has brought about a strong sense of optimism among investors that it skyrocket more in its presale, potentially increasing by 233%.
One of the key highlights of Raboo's tokenomics is how it strategically distributes all its 1.8 billion tokens across various categories within the ecosystem. With 1,134,000,000 tokens allocated for its presale and 135,000,000 tokens for in-game rewards, Raboo keeps showing its commitment towards allowing investors to secure their stake in the platform and engage them through interactive and rewarding experiences.
As $RABT gained 40% in its ongoing presale, progressing from $0.003 to $0.0042, experts are convinced about the token's rallying potential. Hence, they recommend investors to join the presale now by buying the token at its current price of $0.0042 so that they can benefit from the expected mega rally of the presale token.
Conclusion
The current growth experienced by Polygon and Cardano indicates they might be among the best investments for 2024. However, with the emergence of Raboo, a meme cryptocurrency that analysts believe will deliver incredible gains in its presale and enhance the meme market with AI and Social-Fi features, investors are now presented with a better chance of experiencing remarkable returns in the crypto world.
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
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