Can RoboApe (RBA) Gain Prominence in the Cryptocurrency Market like TRON (TRX) and Polygon (MATIC)?
The cryptocurrency market witnesses new cryptocurrency launches almost every day. While some of these coins rise to prominence within a short time, some of them fail to make the grade. RoboApe news…
These colossal failures can be attributed to many things, including unclear or no unique use case, publicity issues, security threats, lack of community support due to unethical behaviors, etc.
Successful cryptocurrencies that gained market prominence like TRON (TRX) and Polygon (MATIC) and meme coins like Shiba Inu (SHIB) have quite a few factors working in their favour. These are:
- Strong use cases
- Users’ trust: which is dependent on the blockchain technology upon which the network is built.
- Endorsement from prominent figures like Elon Musk or Jeff Bezos is dependent on hype and buzz (publicity) around the project.
In this article, we will review which of these factors that RoboApe (RBA) token can leverage, to become one of the few meme tokens to gain crypto market prominence like TRON (TRX) and Polygon (MATIC).
It took TRON (TRX) only two years after its launch in 2017 by the TRON foundation to become one of the top 10 cryptocurrencies in the market, in terms of market capitalization. TRON’s (TRX) Initial Coin Offering (ICO) generated about $70 million for the development of its ecosystem and moved from the ERC-20 token on the Ethereum blockchain to its blockchain technology within a year of launch.
The TRON ecosystem uses a Decentralized Autonomous Organization (DAO) management, which allows democratic network development based on the community guidelines. It relies on the Delegated-Proof-of-Stake (DPoS) consensus mechanism for blockchain security.
The TRON network provides users with passive income opportunities through staking. Users can freeze their holdings on the wallet’s network to get TRON Power. The more times a user stakes, the more TRON power they gain. TRON Power can be converted to TRON (TRX) token.
The platform aims to allow users to create dApps (decentralized applications), share media content, and earn from their creations without third-party interference. It’s designed to give users control over their digital creations and help them earn. The TRON blockchain platform boasts high transaction speeds with zero transaction fees.
TRON (TRX) use cases, blockchain security, incentive mechanism, and the right community management approach have contributed greatly to its prominence in the crypto market. The cryptocurrency currently sells at a market price of about $0.05, with an all-time high of $0.231 and an all-time low of $0.001. Despite the market decline over the years, the token still ranks #15 on Coinmarketcap at the time of writing. Its low price, strong use case, and constant effort towards project development, and improvement will help it retain its prominence for a long time.
One of the factors that contributed to Polygon’s (MATIC) crypto market prominence is its leverage on the Ethereum blockchain. Ethereum (ETH) is the second-largest cryptocurrency which has added to the blockchain’s popularity.
Polygon’s (MATIC) utility includes governing and securing the Polygon platform and paying transaction fees. The platform itself exists to develop and connect Ethereum-compatible blockchains and projects. It uses a modified proof-of-stake consensus mechanism to operate the platform, allowing users to earn passive income from staking.
The platform has invested over $100 million in projects enabling a seamless transition to Web 3.0 (decentralized internet). It currently supports over 7,000 blockchain projects, and it solves the Ethereum-block chain issues of high transaction fees and slow processing time.
Polygon (MATIC) currently ranks #19 on the Coinmarket cap with a current market price of $0.39, which is still significantly rising from its daily price of $0.003012 when it was at its all-time low (ATL). It has a total supply volume of about 10,000,000,000, and the circulating supply is 7,956,181,045. Experts still believe the token can surpass its all-time high (ATH) value of $2.92 in 2021.
New crypto RoboApe (RBA) has been widely tipped as the future of meme coins. The decentralized ERC-20 token aims to improve holders’ economic status, by creating myriads of valuable opportunities to choose from. RoboApe (RBA) is a community-driven project with strong and applicable use cases, that can help the RoboApe (RBA) token gain prominence in the crypto market like Polygon (MATIC) and TRON (TRX). The platform will allow users access to Decentralized finance (Defi), Dex, NFT marketplace, etc. It will also be applicable in gaming, eSports, and NFTs purchase.
RoboApe will also have an academy that fosters crypto education for beginners and intermediate learners. The platform adopts a DAO management system to foster members’ activeness and community development. The RoboApe (RBA) token would be a means of payment for services on the RoboApe ecosystem. Also, a big selling point of the crypto is its incentive mechanisms that reward its holders.
RoboApe’s (RBA) meme approach, especially the ape adoption, could be leveraged to get an endorsement from top crypto influencers due to the high interest and sentiments towards animal-theme memes, particularly apes. This can also improve its prominence and value in the crypto market.
There will be a 900,000,000 supply of RoboApe (RBA) tokens, with 45% of it going to investors. This means that the supply may not reach the demand, which could make it potentially more valuable. It’s best to get in early now, at a low entry price of $0.006173. This could be your best decision yet, in the cryptocurrency market.
Join the presale here, and follow news about the project before its launch on 29th August 2022 via the platforms below: