The cryptocurrency market has seen investors return in full force after a long period of price suppression. Tokens such as Toncoin (TON) and Avalanche (AVAX) are on the rink of a price drop, and profit-taking is likely to start.
On the other hand, RCO Finance (RCOF), a presale coin, is set to offer its holders a 1,600% profit. Can RCOF perform better than top cryptos TON and AVAX?
The popularity of Toncoin has grown significantly, leading to massive uptake and increasing activity on its network. Data from the on-chain analysis platform IntoTheBlock showed that Toncoin had the second most network activity after Solana (SOL). Consequently, Toncoin has enjoyed a massive price surge and investor demand.
However, all these achievements may halt after Telegram, TON’s base platform, agreed to a raft of regulatory changes, including sharing user IP addresses and phone numbers with authorities.
Analyst Ali Martinez, a prominent crypto trader, predicted a likely price downturn for TON due to these changes.
As holders gauge these new developments, TON has continued to perform impressively. Between September 21 and September 28, 2024, Toncoin’s price jumped 9% from $5.58 to $6.06 as the crypto market rebounded from recent bearish conditions.
Technical analysis shows a bullish market sentiment, with TON trading above the 200-SMA. Price forecasts show it may reach $7 in Q4.
With the crypto market experiencing a bullish phase, investor activity has surged, leading to a price surge in most tokens. Avalanche is one of the cryptocurrencies that is seeing renewed demand and price increases.
Between September 21 and September 28, AVAX’s price spiked from $27.60 to $30.73. Upcoming Avalanche environment updates and its new bid to attract developers to the platform with a $40 million kitty are some factors causing a price surge in AVAX.
Despite these new investor attractions, AVAX faces headwinds that may impede its continued price spike. The most pressing is the upcoming quarterly token release, with almost 2 million AVAX coins expected to be introduced. A rise in supply may cause reduced demand and lower prices.
Technical analysis shows a drop in investor interest, with traded volumes dropping. However, price predictions indicate Avalanche's price may rise to $50 in Q4.
Can Avalanche outperform the raging presale coin RCO Finance?
RCO Finance is the latest market entrant with significant potential for profitability to crypto enthusiasts who get in early. RCO Finance presets a DeFi platform that transforms the TradFi practice of investment advice and management via its AI-powered robo-advisor.
RCO Finance cuts out the complexities of financial advisory services by delivering advanced solutions for everyone regardless of their financial savvy.
With the cutting-edge tools provided by RCO Finance, one can get customized fiscal advice to help meet individual investment and wealth goals. RCO Finance intends to make premier money advice available to all by eliminating human involvement.
Because of its blockchain platform and machine learning algorithms, RCO Finance accesses and analyzes massive market data to assist individual users in finding the best entry point into profitable trade setups. Additionally, it helps you develop and adjust an asset portfolio in real-time.
As a KYC-free platform, RCO Finance offers privacy and anonymity. Moreover, it provides access to over 120,000 assets. Further, it has been audited by Solidproof, a reputable audit company, ensuring all investors are guaranteed the safety of their investment.
RCOF is an ideal investment for all types of investors. Valued at $0.0343, RCOF presets the best buy low sell high scenario. Furthermore, with the presale in Stage 2, the success of its first stage, which saw inflows close to $2 million, offers confidence to new investors.
Buying RCOF now allows you to enjoy a 1,600% gain when it reaches its $0.6 launch price, a profit level that TON and AVAX may not deliver.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.