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Polkadot is facing resistance. Ethena is restructuring token economies for long-term staking, while Rapoo is enjoying the pre-sale frenzy.
Polkadot (DOT) is facing a lot of resistance at the moment, even as whales believe the token is still redeemable. Ethena (ENA), one of this year’s DeFi launches, has introduced new terms for its tokens to encourage long-term signing of its ecosystem rather than short-term trading and scalping.
With the DeFi sector in slow recovery mode, many investors may turn to memecoins for profits. There is hardly a better project than Raboo (RABT), which has long-term potential and short-term profits. No wonder everyone is all over the RABT pre-sale.
DOT price falls below the support level
Polkadot posted a 44% decline from its March high during the week, and so far, the DOT price is well below its $6.19 support. A few days ago, analysts confirmed that Polkadot’s decline was ideal for traders looking to buy the dip. According to the report, coin holders may make long-term profits if DOT remains above its support levels.
However, with losses of 9.8% in the past week, Polkadot appears to be sinking further into bearish territory. Open interest rose 80% during the week, indicating large open long positions on Polkadot futures trading options.
Polkadot’s price at the moment may not be a reason to panic, as Michael Van Poppe mentioned That support levels It ranged from $5.67 to $6.11. The price action may be worrying, but the current price of $5.69 is still in the accumulation zone.
Ethena is looking to raise the price of ENA through a token review
The ENA token was one of the most high-profile DeFi projects launched in 2024. Aside from doubling its launch price days after hitting the charts, Ethena also offers a synthetic stablecoin, USDe, which offers a wide range of trading and staking options.
Recently, PetGate Announced a partnership With Ethena to introduce USDe into its exchange services, especially Bitget Savings and Coin Margin contracts. The deal will see USDe serving more use cases outside of the Ethena blockchain. USDe has already seen a bid of around $3.5 million since its launch in March, and there is promise of more to open on the Ethena platform.
The deal with Bitget comes after Ethena blockchain increased token locking conditions on its network. Users who acquire new ENA coins will have to lock at least 50% of them for long periods. This was to reduce short-term speculators and encourage long-term investments.
DeFi coins have to adjust their features in the face of recent market expectations, but here we have Raboo, the new meme that has almost completely popped up.
Raboo memes launch and ROI
Memes were supposed to be the soul of the cryptocurrency pool, but today’s memes seem to have thrown the hit list out the window in search of profits. It’s funny that not many of them have enough utility to stay afloat in the world of cryptocurrencies.
Raboo is here to conduct a meme purge using his unique protocol, eliminating any meme project that refuses to keep up with the new order. What will the new system be? A stream of high-quality, fun, relatable memes that don’t happen every day!
While the memes being circulated may not be as corny every time, they are repeated so often that crypto traders must have forgotten what the sector used to feel like. With superior meme creation at the core of its philosophy, Raboo has integrated a generative AI platform, Rabooscan, to search its users’ social media sites for meme-worthy content.
Apparently, the more content there is, the less chances there are for some memes to be repeated again. RABT users will be the big winners here too; Post your memes through the Post Earn feature and earn Raboo Tokens in return.
But this is just an incentive. Check out the Raboo pre-sale to see the profits that got everyone talking!
Conclusion
Pre-sale earnings on Raboo were pegged at 233%, but that’s for those who earned the token in Phase 1. The pre-sale has already reached Phase 4, and the tokens now cost $0.0048, from an opening of $0.003.
This represents a 60% increase for early buyers, but the real catch is the potential for 100x growth when Raboo is listed on high-profile exchanges like Binance.
For more information visit Rapoo pre-sale site Or join online communities at X And cable.
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