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Cryptocurrency News Articles
Shiba Inu (SHIB) and Dogecoin (DOGE) Investors Embrace RCO Finance (RCOF) Despite Ongoing Bull Run
Nov 09, 2024 at 10:00 am
The renewed bullish sentiment in the crypto market has seen top coins like Shiba Inu and Dogecoin pump, with the latter taking the lead.
Shiba Inu (SHIB) and Dogecoin (DOGE) have both seen a surge in price over the past week, as the bullish sentiment in the crypto market continues to build. However, one altcoin that has outperformed both of these meme coins is RCO Finance (RCOF), a new DeFi project that is currently in its presale stage.
Shiba Inu Surges 3% in a Week: Will Bulls Intensify?
After mirroring Bitcoin’s (BTC) price movement and surging past the $72,000 level for the first time since June, SHIB attained a price of around $0.00001847 on October 30. Notably, Shiba Inu plunged as Bitcoin corrected sharply after setting a new all-time high (ATH).
However, Bitcoin began another leg up on November 5, setting a new ATH at $75,361. As Bitcoin surged again, setting a new all-time high at $75,361 on November 6, it triggered another altcoin rally, and Shiba Inu was no exception to this surge, which also coincided with the bullish news of Donald Trump winning the US election.
As a result, Shiba Inu (SHIB) surged as high as $0.00001965 before pulling back slightly and finally stabilizing at around $0.00001890. At this price, the meme coin has surged by 3% in a week.
Moreover, experts predict that Shiba Inu will continue pumping due to the current bullish sentiment in the crypto market.
Dogecoin Jumps 14% in a Week: More Growth in the Pipeline?
Over the past week, Dogecoin has performed exceptionally well, clocking double-digit gains. On October 30, DOGE was trading around $0.1758 before plunging and trading around the $0.1500 level for days.
However, as Bitcoin price action mimicked the previous breakout on November 5 when it reclaimed the $70,000 level again, Dogecoin also surged higher, setting a weekly peak at $0.2133 before correcting downward and finally stabilizing at around $0.2021 on November 6. At this price, the meme coin has gained 14% in a week.
Furthermore, analysts predict that Dogecoin will continue its uptrend due to the marketwide bullish sentiment. Also, Dogecoin has cleared the vital $0.2000 resistance level, positioning it for more growth.
RCOF Poised To Outshine DOGE and SHIB During Its Presale
While Shiba Inu and Dogecoin are trading bullishly, investors are flocking to RCOF. Unlike the above meme coins, this new DeFi altcoin has utility within the RCO Finance platform, which positions it for sustainable long-term growth as the platform scales.
SolidProof, a famed blockchain security firm, also audited RCOF’s smart contract, authenticating that this altcoin is safe for investors. In addition, RCOF has emerged as a top investment pick among crypto investors because its presale has showcased splendid growth thus far.
As of November 6, RCOF proceeded with Stage 3 of its presale. Investors can now stock up on RCOF at $0.0558. This price means Stage 3 investors are set to enjoy massive ROIs when this altcoin concludes its presale at $0.4-$0.6.
Furthermore, experts predict that RCOF will surpass Shiba Inu’s 1,100% surge in Q4 2021 by the end of 2024. This growth potential explains why RCOF is causing a stir in the crypto market.
Shiba Inu and Dogecoin Investors Want To Maximize Returns During the Ongoing Crypto Bull Run. To This End, They Are Shifting to RCO Finance, An Upcoming DeFi Platform With Modern Trading Tools
Specifically, RCO Finance tools are powered by AI and blockchain technology. Among the RCO Finance tools, the AI-powered robo advisor stands out.
This robo advisor purely runs on machine learning and sophisticated algorithms. The AI-driven architecture enables the robo advisor to analyze the market in real time, gathering actionable data.
The robo advisor then uses this data to offer investors custom investment recommendations. In this case, custom means the robo advisor matches specific assets to an investor’s financial goals and preferences on risk.
As such, investors can make the highest possible profits while mitigating risk exposure. This approach also helps investors avoid investing based on emotions and risk.
The robo advisor also starts an investor’s investment game by automatically trading. This means the robo advisor spots opportunities that match an investor’s preferences and purchases them early, increasing chances of profitability.
Shiba Inu and Dogecoin Investors Opt for RCO Finance
Disclaimer:info@kdj.com
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