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Cryptocurrency News Articles
RCO Finance (RCOF) Presale Surges as Dogecoin (DOGE) Faces Winter Market Risk
Sep 29, 2024 at 03:00 am
Over the past week, the Bitcoin-fueled crypto bull run has seen top meme coins like Dogecoin (DOGE) surge by double digits. However, analysts believe
Cryptocurrency prices have surged over the past week, with meme coins like Dogecoin (CRYPTO:DOGE) leading the charge.
However, while some altcoins are poised to continue soaring, others may be setting themselves up for a downturn.
Here's a closer look at an altcoin that could be preparing to enter a crypto winter and another that's positioned to continue surging.
What Happened: Dogecoin has been one of the best performing altcoins over the past seven days. On Sept. 20, the price of DOGE was trading around $0.1067.
After days of mostly flat price action, DOGE picked up bullish momentum on Sept. 26, as Bitcoin (CRYPTO:BTC) surged past $65,600.
Historically, the altcoin market has mirrored Bitcoin’s price movements and this time was no different. Dogecoin (CRYPTO:DOGE) soared and hit a high of $0.1247 on Sept. 27, before leveling off at around $0.1239. At this price, DOGE is up 16% over the last seven days.
Related Link: Best Meme Coins to Buy in 2023
The 24-hour trading volume for Dogecoin is up 52%, indicating more demand from investors.
One factor that could be concerning is DOGE whales are known to sell off their holdings quickly when the altcoin surges, leading to large selloffs. This is why some analysts are warning that DOGE could be setting itself up for a downturn.
The price of DOGE is up 100% year-to-date.
Another altcoin that has surged in 2023 is RCO Finance (CRYPTO:RCOF). The token is currently available in a presale, which has seen strong demand from investors.
RCOF is an upcoming Ethereum altcoin with a limited supply of 800 million tokens and a deflationary mechanism to combat inflation. Both of these features have made RCOF an attractive investment.
The altcoin is also safe to invest in. RCOF had its token smart contract audited by SolidProof, a leading blockchain security firm. The audit found the token to be secure and meeting industry standards.
This step has helped build confidence among investors in RCOF, which is why it has raised $2.17 million during its presale.
On Sept. 27, RCOF was trading at $0.0344 in Stage 2 of its presale. The price of the token will continue to increase as it progresses through the presale stages.
Investors that purchase in Stage 2 are ultimately set to see large returns, as RCOF is expected to conclude its presale at a price of $0.4 to $0.6.
Analysts are predicting RCOF to follow in the footsteps of DOGE, which enjoyed a rally of over 1,000% in 2021. If RCOF were to enjoy a similar rally, it would be trading around $0.4 to $0.6 by the end of 2024.
The altcoin is expected to continue surging in the coming months and years, making it an attractive investment for those looking to add a new altcoin to their portfolio.
Why It Matters: RCO Finance has several features that are designed to help both new and experienced investors trade like a pro.
One of the crown jewels on the RCO Finance platform is its robo advisor, which provides users with tailored investment suggestions.
The robo advisor uses artificial intelligence and machine learning to monitor and collect actionable data from the 120,000 crypto and tokenized real-world assets (RWAs) that RCO Finance supports.
This game-changing trading tool then uses this data to pinpoint the optimal times for an investor to enter or exit positions.
This approach helps investors to make informed decisions rather than relying on emotions and cognitive biases, ultimately leading to increased profits and less exposure to risky assets.
Notably, RCO Finance also allows investors to fully automate their accounts, giving the robo advisor the authority to trade on their behalf.
Unlike traditional financial advisors, the robo advisor works efficiently around the clock.
This allows investors to rest easy knowing that the robo advisor is keeping their portfolios in tip-top condition.
Another feature that has made RCO Finance a favorite among investors is its debit cards, which help to boost financial inclusion.
Additionally, RCO Finance supports non-KYC registration, which helps to lower the barrier to entry while maintaining user anonymity.
For these reasons, RCO Finance is a must-consider investment platform.
To learn more about the RCO Finance Presale:
Visit RCO Finance Presale Join The RCO Finance Community
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Disclaimer:info@kdj.com
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