Despite the whirlwind that started in the fourth quarter, investors now have to worry about the future of Shiba Inu, as Dogecoin’s top trader hinted at a significant technical level that could spell disaster for the SHIB token.
The same whales have turned to lesser-known rival RCO Finance, buying heavily ahead of an expected 5,000x rally.
While the presale is still ongoing, let’s take a look at why you should consider investing in this emerging token.
Will the Shiba Inu (SHIB) stand the test of time?
In one week, Shiba Inu (SHIB)’s market capitalization decreased from $10.98 billion to $9.5 billion, a decline of 9%. Recently, a popular trader warned the market against Shiba Inu in the long run due to its huge technical indicators. This news caused concern among SHIB holders who flocked to the token during its meteoric rise.
Moreover, Shiba Inu (SHIB) market sentiment is currently bearish, with the Fear & Greed Index showing 29. SHIB investors are looking to improve their declining portfolios in the wake of high volatility and response to Bitcoin.
RCO Finance (RCOF) develops into a market movement
This Dogecoin top trader has identified RCO Finance (RCOF) as a major participant in the DeFi space, as it offers investors a unique platform that simplifies trading and asset management by fusing AI and blockchain technology. I believe it is developing.
At the core of this ecosystem are robo-advisors that analyze market patterns and optimize portfolios to help customers make better investment decisions. Powered by advanced algorithms, this tool analyzes real-time data and market trends to provide users with smart and unbiased trading decisions.
Unlike traditional advisors, robo-advisors operate 24/7, ensuring continuous monitoring and optimization of investment strategies without emotional influence. Investors can customize their strategies while benefiting from AI’s high predictive accuracy.
RCO Finance offers investors up to 1,000x trading capabilities and access to over 120,000 tradable assets on the platform, including stocks, real estate, and more. This allows users to trade directly in cryptocurrencies, eliminating the need to convert them to fiat.
Furthermore, RCO Finance takes the security of user investments very seriously, and its smart contracts are rigorously audited by SolidProof, a leading security firm.
The AI trading platform also incorporates robust security measures, including those provided by Fireblocks, ensuring a safe and secure trading environment for all users.
Dogecoin (DOGE) reflects market downturn
Dogecoin (DOGE) has experienced significant market fluctuations, as its correlation with Bitcoin price is 0.87. After peaking at $0.0131 within the past week, Dogecoin has fallen 9.6%. The Relative Strength Index (RSI) is hovering around 36, indicating a slightly bearish trend.
Furthermore, declining trading volumes suggest that investor interest is waning. If current trends continue, the percentage of Dogecoin owners who are not making money will increase from 25% to perhaps 40%.
RCOF presale generated $2.42 million in revenue
The second phase of RCO Finance’s presale is in full swing. The token will be offered at a discounted altcoin price of $0.0344. The presale received an overwhelming response from day one, generating over $2.42 million in revenue.
Analysts expect the price to rise even higher to around $0.4 to $0.6 when the token is officially launched. This equates to a potential ROI of 1,640% for early presale participants, which exceeds Shiba Inu’s year-to-date increase.
RCOF is also encouraging participation by offering a generous 50% bonus on token purchases using promo code RCOF50.
With over 25% of the total token supply already sold, the pre-sale is selling out quickly and investors who want to take advantage of the pre-sale will need to hurry and acquire their RCOF tokens.
For more information on the RCO Finance (RCOF) presale, please see below.
Access RCO Finance Presale
Join the RCO Finance Community
