On October 2, the SEC filed a notice of appeal challenging Judge Annalisa Torres’ ruling that XRP is not a security. The lawsuit caused the price of XRP to plummet, forcing Ripple traders to turn to alternative investments.
Remarkably, the upcoming Ethereum altcoin, RCO Finance (RCOF), has been the center of attention as it secured over $2.79 million in funding during its ongoing pre-sale.
Will XRP price continue to be depressed and will RCO Finance (RCOF) maintain its bullish trend? Let’s find out!
XRP plunges 13% as battle between Ripple and SEC enters new phase
XRP price performance over the past week has been disastrous. On September 30th, XRP price was trading around $0.6223. After a brief spike, altcoins plummeted on October 1, reflecting the bearish trend in Bitcoin (BTC) prices, before the major cryptocurrency rose again to the $60,000 level.
The slump worsened after the SEC filed a notice of appeal on October 2nd in its ongoing legal battle with Ripple. Specifically, the SEC challenged Judge Annalisa Torres’ August 2023 ruling that XRP is not a security when sold to retail investors on an exchange. This news caused the XRP price to drop to $0.5101 on October 3rd.
By October 7th, XRP price stabilized around $0.5390. This price means that XRP price has fallen by 13% in one week. Additionally, Ripple’s 24-hour trading volume has surged by 76%, indicating that investors are flooding the market to dump XRP. Combined with challenges from the SEC, this sales force could cause further losses.
RCOF: Great pre-sale opportunity
As the SEC poses new challenges to Ripple Labs, XRP investors are looking for alternative investments to avoid losses. Surprisingly, RCOF has attracted the attention of investors due to its utility as a base currency and governance token within the RCO Finance platform.
RCOF has also emerged as a top choice among Ripple investors as it is a safe investment. SolidProof, a top blockchain security company, verified that RCOF is safe to invest in by auditing altcoin smart contracts.
This move helped boost investor confidence in the altcoin and explained why it secured $2.79 million in funding.
As of October 7th, RCOF was offering investors the opportunity to participate in a stage 2 pre-sale at $0.0344. Investors who bought RCOF at $0.0344 will enjoy huge profits when the altcoin reaches its launch price of $0.4-0.6.
Experts also expect RCOF to rise 3,000% by Q4 2024, outpacing XRP’s 1,580% rise in Q4 2017.
This prediction explains why Ripple investors are embracing this up-and-coming altcoin as XRP prices continue to fall.
RCO Finance attracts investors with RWA tokenization ability
As the outlook for XRP price remains subdued, Ripple investors are actively seeking cutting-edge platforms to diversify their portfolios.
This explains why RCO Finance, an up-and-coming DeFi platform that aims to simplify investing by democratizing access to professional investment management tools, has quickly become popular. .
RCO Finance is also attracting investor attention with its AI-powered robo-advisor. Investors are attracted to robo-advisors because they use machine learning and algorithms to provide custom investment recommendations based on an individual’s risk profile and financial goals.
Investors can incorporate these recommendations into their investment plans to maximize profits while minimizing risk. Surprisingly, robo-advisors can automatically place trades on behalf of investors. This automation allows robo-advisors to adjust investors’ portfolios in real-time to prevent altcoin market crashes.
Going one step further, robo-advisors offer free tax and financial legal advice to investors, helping robo-advisors invest as they diversify their portfolios with over 120,000 crypto and TradFi assets supported by RCO Finance. We help keep your home compliant.
In addition to robo-advisors, RCO Finance is attracting investors with its innovative real-world (RWA) tokenization capabilities. RWA tokenization allows RCO Finance users to enrich their portfolios with illiquid assets such as real estate, commodities, and fine art.
RCO Finance has also quickly established itself as its non-KYC onboarding process significantly lowers the barrier to entry. This approach also allows investors who wish to withhold personal information to remain anonymous.
These benefits explain why you should join Ripple investors and use RCO Finance to increase your chances of making profitable trades.
For more information on the RCO Finance presale, please see below.
Access RCO Finance Presale
Join the RCO Finance Community
