A renowned Bitcoin (BTC) trader has turned heads after claiming that the recent market crash was only the first wave, suggesting that a second round might be underway. This assertion has spooked many traders, with some questioning how intense the possible impact of the second wave would be.
However, RCO Finance (RCOF) has emerged as a saving grace for investors looking to leave the storm unaffected.
Read to discover why RCOF is immune to the market whirl.
Arthur Hayes, co-founder of the BitMEX crypto exchange, claims the market has just experienced what he believes to be the first wave of depression. He shared this take in a tweet on the X platform on August 5. This comment comes as the crypto market tries to recover from the crash that erased 17% of its total valuation, supposedly triggered by war anxiety in the Middle East.
Although the market is still bouncing back, Hayes believes this is only a temporary reversal. He says more pain lies ahead, and market participants will feel it before August 9. In the meantime, he sarcastically urged investors to enjoy the short-term respite.
Hayes also remarked on over-leveraging in Traditional Finance (TradFi). He opined that the situation might soon burst out of hand and trigger the second wave of the market crash. All this rests on whether the United States Federal Reserve will settle for a bailout, in which case the market will have to brave another agony by August 9.
The Fear and Greed index currently sits at 34, suggesting fear amongst market players. Nevertheless, Bitcoin has managed a 3.54% rally to $55,930. With the flagship crypto expected to crater soon, a new crypto has been identified as a cover against potential losses.
RCO Finance has proven to be a haven from the tumultuous market condition as its token presale and price progress nonstop. Savvy investors have taken a position in this sale, aiming to benefit from the gains attached and shield against the general market decline. RCOF's success lies in its fundamentals, utility, tokenomics, and community support.
One of the fascinating details about RCO Finance is its dual adoption of blockchain and AI technology. This allows it to provide transparency and privatized investment solutions to help investors make well-grounded AI-backed decisions.
The AI tool, robo-advisor, uses its machine-learning ability to spot the best investment option from the myriad showcased on RCO Finance's trading platform by evaluating trends, sentiments, historical patterns, and price actions.
RCO Finance unveils a platform where users can trade stocks, shares, derivatives, exchange-traded funds, and real-world assets using cryptocurrencies and not only fiat.
This time-saving concept is also visible in its no KYC policy, allowing users to onboard the platform quickly and maintain their privacy. All the assets on RCO Finance are tradable with up to 50X leverage to boost returns.
The platform is highly secure, per the audit report issued by SolidProof. At launch, RCO Finance will base its operations on the content of the European Union's Market In Crypto-Asset (MiCA) provision. Also, it has solid tokenomics, which is reflected in its token distribution.
Market experts are vouching for RCOF as the key to sustenance during the second wave of the market crash. Considering its offerings and capabilities, the Ethereum token stands out in many ways its contemporaries don't, making it more appealing.
For instance, RCOF holders will receive incentives ranging from quarterly dividends to access to airdrops, voting privileges, and priority customer support.
The token is now valued at $0.0343 in Stage 2 of its presale, preparing to make another jump to the next stage. This jump will see RCOF soar 75% higher than its current price. At the end of its presale, the Ethereum token is expected to trade between the $0.4 and $0.6 ranges, delivering up to 1,800% in gains to new investors.
For more information about the RCO Finance Presale:
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