.png){kind=logo}
Recent assumptions have been made about Dogecoin (DOGE), Sui (SUI), and RCO Finance (RCOF) prospectively rekindling the debilitating crypto bull run.
This speculation stemmed from experts' opinions and assertions that bullish patterns existed on the price charts of these assets.
Excited, investors are keenly monitoring these top crypto coins, waiting for the perfect moment to arrive. This piece will consider the factors behind this speculation.
Trader Tanigrade, a popular commentator in the crypto community, has predicted that Dogecoin will experience a rally soon. In a post on September 8, he called attention to a bullish pattern formed on DOGE's chart.
The pattern was an inverse head and shoulders pattern, which is often considered to be bullish.
Tanigrade noted that DOGE has arrived at the right shoulder of the pattern, gearing up for an upswing. Despite DOGE trading well below its previous high, the analyst remains optimistic about its potential price increase. Other analysts, including Crypto Tony, share Tanigrade's opinion.
Crypto Tony asserted that DOGE could achieve a massive price surge if it first reclaims $0.11. He believes this price level will create a solid entry point for investors investing in Dogecoin. DOGE has risen 0.46% in the last 24 hours to $0.095.
Sui demonstrated an impressive performance on September 6, rising 8% despite the market's downturn. The market decline was fueled by Bitcoin dropping to $55,000, causing sellers to dump their assets.
However, due to recent progressive developments in the Sui ecosystem, SUI maintained a bullish stance.
The asset's recent performance was not entirely surprising, as SUI was a top-performing asset amid the August selling spree. While other top crypto coins crashed, SUI recorded a 50% price growth, outperforming the entire market.
Its stability can be attributed to strong holder ships, network updates, and large over-the-counter bids.
Besides, asset management company Grayscale launched an investment trust for SUI, causing the asset to rally to levels not seen since the middle of June. Specifically, the coin rose above $1.2 at the time. Today, SUI is trading at $0.87, up 9.39% in the last seven days.
RCO Finance is gaining more visibility because market participants want to leverage its automated offerings. Chief among these offerings is its robo-advisor, an AI-driven tool designed to help traders enhance their success rates.
The robo-advisor conducts due diligence on assets traders are looking to buy/sell and executes the purchase on their behalf.
As a trading tool, the robo-advisor also recommends which asset is worth buying at a particular time, allowing traders to make informed decisions.
It can also develop strategies that align with each investor's financial goals, preferences, and risk tolerance. The best part? It is cheaper than a human advisor, saving users a lot.
RCO Finance also provides a platform to trade over 120,000 digital assets, enabling investors to build a diversified portfolio. Also, traders can enjoy up to 1,000X leverage to increase their potential returns on each trade. Further, users can also stake, farm yields, and take loans on RCO Finance to enhance liquidity.
To ensure users' safety, the platform has undergone a full audit by blockchain security company SolidProof and forged a partnership with Fireblocks to leverage its secure digital asset infrastructure.
RCO Finance is a KYC-free platform, so anyone can access it without providing personal details. Due to these offerings, new and inexperienced market participants are beginning to onboard its token's presale.
RCOF is preparing to engineer an explosive surge amid its ongoing presale. Specifically, the token, trading at $0.0343, aims for the $0.6 price. Reaching this price point will see RCOF rise 1,600% higher than its current price.
The token will eventually achieve this projected growth as more investors join the presale. Given the bullish ambiance over RCOF, SUI, and DOGE, these assets may herald the next market leg-up.
But now is the best time to accumulate RCOF, particularly to board the presale train when it reaches the $0.6 stop.
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.
