DeFi
Raboo Rises While AAVE and SNX Gain Momentum This Week
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Raboo is rising as Aave and Synthetix gain momentum this week, highlighting growing interest in defi and memecoins.
Decentralized finance is the best blockchain invention since cryptocurrency itself. Aave and Synthetix are big gainers this week, with Aave’s price at 9.66% gains for the week and Synthetix at just under 2.44%. Holding challenge coins is a great way to enter the lucrative challenge market. Among these, the new AI meme-fi piece Raboocurrently in its third pre-sale phase, stands out.
Aave: 15% increase in TVL in one month
Aave isn’t the biggest challenge coin, but it’s most certainly one of the fastest growing, growing 15% in the last month, outpacing challenge giant Lido. Since the Bitcoin halving, defi has seen a steady recovery and the defi market is at levels last seen two years ago.
The price of Aave has taken a big hit since the crash of 2021. But as any fighter knows, it’s not how many times you fall but how often you get back up. The price of Aave has doubled since September, and with a Gain of 9.66% For the past week and the challenge market to be picking up speed, Aave might just be a coin to watch.
Synthetix: an old coin that adapts to new tricks
As one of the first defi coins, Synthetix has been around since 2018. Along with the rest of the crypto market, Synthetix saw a peak in 2021 before coming back down to earth during the crypto winter that followed. Synthetix has been relegated to a footnote in crypto history. However, Synthetix has regained some ground by gaining a third of its value in just ten days, even surpassing the big guys.
Can Synthetix Reach 2021 Highs Again? If last week is anything to go by, Synthetix could be a challenge coin worth speculating on.
Raboo: Challenge and memecoin combined into one
Memecoins are about the only coins more popular than challenge coins, and new entry Raboo is getting in on the action on both fronts. As a memecoin, it is part of the $62 billion market that leverages Internet culture, but it supports the well-being of the Internet with staking capacity, which places it firmly in the defi sphere.
Raboo token holders can lock tokens to earn rewards, improving network stability and increasing potential yield for all participants.
Raboo has already earned over $1.5 million in cash. With nearly 7,000 subscribers and over 2,100 token holders, Raboo is currently one of the hottest crypto presales in the crypto sphere. By creating a meme-based challenge platform and backing it all up with an AI engine, Raboo is sure to rule the roost.
Conclusion
Investing in defi coins is a double win, as investors benefit from the lucrative defi market as well as the price appreciation of the coins. As the Aave price has shown, there are profits to be made. And getting into projects like Synthetix can generate good returns. However, Raboo’s enormous potential makes it an ideal choice for investing in the hottest crypto right now. Raboo is available at $0.0042.
Users can participate in the Raboo presale here or contact us on Telegram Or Twitter.
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