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A Dogecoin (DOGE) expert has picked three Ethereum tokens that have mirrored the meme coin over the past year and show the potential to rise like DOGE. These Ethereum-based cryptos are RCO Finance (RCOF), Mantle (MTL), and Ondo (ONDO).
We will examine how these tokens have mimicked DOGE’s movement over the past year and which is bullish.
DOGE has performed well in the past 12 months, gaining 61.6%. Most of this surge was fuelled by the general crypto rally in late 2023/early 2024. The token initially rose to $0.22, but a general pullback caused by investors taking profit after the rally saw the DOGE price drop to $0.13.
However, analysts predict a continuation of the bull market later in 2024. DOGE has gained 7.03% in the past month, starting conversations that this bull run might have begun. Experts say Dogecoin can reach $0.54 in 2024 if the general market surge happens.
The Dogecoin OG added RCO Finance to this list because of its innovative offerings, lucrative presale, and strong growth potential. The protocol is an AI-powered decentralized trading platform where users can trade and invest in real-world assets (RWAs) like stocks, bonds, commodities, ETFs, etc, without converting their crypto to fiat currency.
Users get up to 50x leverage, pay low trading fees, and have total control of their trades.
The AI component features a unique robo advisor that utilizes mathematical models to generate data-driven trading insights. Traders can rely on these insights to choose the right asset to invest in at every point.
RCO Finance is also running a lucrative presale. Investors can buy RCOF for $0.0127 in Stage 1 of the presale and earn a whopping 3000% profit when the token launches at $0.40. This pump mirrors DOGE’s expected pump in 2024 but at a much higher proportion.
MTL has had a strong showing since its launch in July 2023. The token initially fell below its launch price of $0.50 before rising to $1.50 during the rally in early 2024. Like DOGE, the Mantle was affected by profit-taking across the market, which led to a price dump. Despite falling from its peak, MTL is still 63.8% above its launch price.
MTL has gained 2.6% in the past 30 days due to a resurgence. Analysts say the token could rise to $3.77 in the bull run towards the end of 2024.
ONDO has been one of the top-performing Ethereum tokens in 2024, gaining an impressive 508% since its launch in January. This massive rise was driven by the protocol’s entrance into the fast-rising tokenization narrative and a general market rally.
The token’s rise lasted longer than most of the market. However, unfavorable market conditions eventually affected it, leading to a 10.7% fall in the past month.
However, analysts say this dump is a temporary pullback likely caused by early investors locking in their profits. They predict that ONDO can reach $4.69 in 2024 as the tokenization industry expands and market conditions improve.
RCOF is RCO Finance’s native token, with a total supply of 800 million. The token is sold for $0.0127 in Stage 1 of the annoying presale. When RCOF launches at $0.40, early investors will earn 30x their initial investment, making this presale one of the most lucrative crypto today.
Other perks of owning RCOF are voting rights on governance proposals and significant discounts on trading fees. RCOF holders can also stake their tokens to earn up to 88% APY. Finally, they will receive a share of the platform’s revenues as dividends. Dividends range from 1% to 6%, depending on the number of tokens held.
These epic presale gains and other benefits make RCO Finance the Ethereum token with the most promising bullish potential.
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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.
