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Ethereum-based DeFi project RCO Finance (RCOF) is on the verge of a meteoric surge. The asset's price is poised to soar by 1,455% in its ongoing presale.
Meanwhile, established players like Ripple (XRP) and Cardano (ADA) need help to keep up with RCOF's growth potential. As a result, investors are turning their gaze to the Ethereum token, seeking to take advantage of the imminent rally.
Let's find out what's behind RCOF's impending price growth.
Through its innovative offerings, RCO Finance is gearing up to outshine established crypto projects like Ripple and Cardano.
By combining artificial intelligence and blockchain technology, the platform provides automated financial services that are yet to be experienced in the DeFi sector. One tool required for these services is an AI-powered robo-advisor.
The robo-advisor reinvents trading practices by offering users a hands-free investing experience. That is, without actively participating in the market, users can still trade, invest, and capitalize on opportunities. This intelligent tool also develops investment strategies tailored to achieving each investor's financial goals.
RCO Finance is a trading platform that offers clients an avenue to trade numerous financial instruments. With over 120,000 digital assets listed on the platform, investors can create a diversified portfolio, thereby managing risks and maximizing returns.
In addition to trading, clients can interact with RCO Finance's liquidity pool to stake, farm yields and take low-interest loans.
RCO Finance's smart contract has been audited by SolidProof, reflecting its commitment to security. It also adopts privacy measures via its no-KYC approach when onboarding users. With these features, RCO Finance presents itself as a preferable crypto project compared to its rivals Ripple and Cardano.
XRP has breached the 200-day Exponential Moving Average (EMA), a crucial support level to the downside, casting a shadow over the asset.
This price action occurs after the asset has broken below the 50-day and 100-day moving averages, flipping these regions into resistance. Given that these levels held XRP's price as support, they are now pressing the asset down as resistance points.
The downturn may worsen further due to the lack of strong buying activities in the XRP market. Moreover, trading volume has diminished alongside the price, adding to the pessimistic sentiment. With the continued pressure from the bears, the asset is expected to crash to the nearest support level at $0.48.
This performance will significantly affect XRP's near future, with steeper declines anticipated. The Ripple-owned coin has been down 6.68% in the last six days and is now trading at $0.52. Should this momentum persist, falling 7.69% to $0.48 might come into play.
Due to ADA's subsequent price performances, Cardano's September 1 Chang hard fork has proven to be a "sell the news" event. Following the news, ADA registered a modest price gain on September 5, rising 1.15% to a high of $0.34. However, the coin is now gazing upon its August 5 low as bearish pressure mounts.
Notably, investors started selling their ADA coins following the upgrade. A profit-taking motive, in addition to the ongoing market-wide downturn, influenced this action.
Indicators, such as the Parabolic Stop and Reverse (SAR), have also confirmed the asset's bearishness, with the dot markers from this indicator situated above ADA's current price range.
ADA is trading at $0.315, down 9.88% since the fork. Experts believe that if the bearish trend endures, ADA could dive as low as $0.27, reclaiming its low from August 5. With this top crypto coin dipping, RCOF's presale would be a game-changer for investors impacted by the dip.
RCOF has garnered massive attention after hinting at a potential 1,455% surge in its presale price.
The Ethereum token, trading at $0.0343 in Stage 2 of its presale, is gearing up for a price increase from the current value to $0.6, its final presale price. Rising to the indicated level will grow by 1,600%, exceeding 1,455%.
So far, RCOF has generated over $1.78 million from the presale, with almost 20 million tokens sold. Given how early it has achieved this, it shows the potential this Ethereum token possesses for growth in the long run.
Experts have asserted that RCOF will peak at unprecedented levels after its exchange launch, provided it maintains or notches up its current adoption rate.
For more information about the RCO Finance Presale:
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