Recent research by an analyst indicates that top DeFi coins like Cardano (ADA) and Avalanche (AVAX) are likely to reclaim their ATHs after the end of the year.
In contrast, a new altcoin, RCO Finance (RCOF), is predicted to experience spectacular growth of up to 3000x. Let’s explore the rationale behind this bold prediction for the emerging token.
Making investing as easy as possible is the name of the game at RCO Finance.
As Cardano and Avalanche compete for market positions, an increasing number of traders and investors are focusing on RCO Finance (RCOF) due to its promising growth potential within the DeFi landscape.
The analyst believes this market interest is largely driven by the rising adoption of its innovative flagship product, the Robo Advisor.
RCO Finance employs an AI-driven Robo Advisor that revolutionizes clients’ trading experience by tailoring strategies to their preferences. This intelligent assistant understands users’ financial goals and circumstances, making crypto investing as straightforward as ABC.
The revolutionary trading tool is also great for pros and new traders. It uses real-time market data and insights from reputable sources like Bloomberg and Reuters, empowering users to engage confidently in the market.
Additionally, RCO Finance offers impressive trading options with leverage up to 1:1000, allowing traders to amplify their profits and increase their yield ratios. This means that even with modest capital, significant profits can be achieved.
To ensure the safety of users’ investment funds, RCO Finance has subjected its smart contracts to routine audits by SolidProof, a top-tier security firm.
The DeFi trading platform is also actively pursuing regulatory approvals in the EU and globally, reinforcing its commitment to secure trading practices.
Cardano Price Drops 15%: Can ADA Hold $0.34 Support?
Cardano (ADA) is failing to hold support at the $0.35 price level. After it was traded at $0.30 in early October, there are concerns that it may decline further. Currently priced at $0.34, ADA has slightly rebounded from this support level but has reached a 13% weekly low.
From a technical perspective, the EMA indicators show a bearish outlook, as ADA is sitting below the 20 EMA (blue) and below the 50 EMA (yellow). Additionally, the ADX indicator has remained at 18.86, showing less support for the formation of any new uptrend.
AVAX drops to $25; Nears $24.49 Key Support
Avalanche (AVAX) trades around $25, marking a 13% decline in the last seven days. This drop occurred because buyers could not maintain momentum after the price reached $29. Earlier this month, AVAX fell below the 20-day EMA of $26.78, indicating that buyer enthusiasm is waning.
While the 50-day SMA at $24.49 provides support, if selling continues, the AVAX token price could eventually decline to $19.50. On the flip side, if it crosses the 20-day EMA, buyers may try to take the price above the $29 to $31 range.
RCOF Presale Suggests the Huge Profit Possibility
While ADA and AVAX may not reach their previous all-time highs anytime soon, this analyst is backing RCOF for an incredible 3000x rally. Currently trading around $0.0344 in stage 2 of its token presale, the buzz around its potential is palpable.
As the presale advances, early supporters of RCOF could see a substantial 69.2% increase in value as it progresses to stage 3. And the best part? Market forecasts suggest that RCOF could reach levels similar to AVAX’s remarkable growth in 2021 following its launch.
Moreover, investors stand to receive a significant portion of RCOF’s monthly revenue, with the precise amount tied to their respective tiers determined by factors such as ecosystem engagement, investment size, and investment duration.
Join now and enjoy a generous 50% discount using the code – RCO50.
For more information about the RCO Finance Presale:
Join The RCO Finance Community
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