RCO Finance (RCOF) is gearing up for a rally akin to Uniswap's (UNI) 2021 surge, which spurred UNI into the top 20 digital assets by market capitalization.
In RCOF's case, the Ethereum-based altcoin intends to plant itself above the digital gold Litecoin (LTC). Meanwhile, LTC is on the brink of a reversal as bullish momentum loses steam.
Let's find out what is driving RCOF's imminent rally.
RCO Finance To Achieve Uniswap's 2021 Feat With New AI Tool
RCO Finance has been gaining prominence in the DeFi sector lately, similar to the Ethereum-based decentralized exchange Uniswap in 2021, before the massive UNI rally.
Given the correlation between RCO Finance's current growth trajectory and Uniswap's at the time, experts believe the former could achieve a similar feat as the latter in 2024. Based on this assertion, crypto users are paying more attention to RCO Finance, especially after it unveiled a unique AI-powered tool.
The AI-powered tool is a robo-advisor integrated into RCO Finance to help investors decide on investment alternatives and boost profit. It is self-governing, insusceptible to biased trading, and 24/7 active.
Instead of financial advisors or fund managers, the algorithm-driven tool analyzes trends, identifies opportunities, executes trades on behalf of users, manages users' portfolios, predicts market movements via in-depth analyses, and customizes portfolios that match individual users' goals and risk tolerance.
RCO Finance offers over 120,000 digital assets, comprising stocks, cryptocurrencies, exchange-traded funds, derivatives, and real-world assets.
The platform allows users to trade these assets with cryptocurrencies, eliminating the need for fiat exchange. Moreover, investors may provide liquidity to any of these trading pairs by using its automated market maker, for which they receive a reward.
RCO Finance reinforces its commitment to security, privacy, and accessibility by undergoing audits, excluding KYC, and presenting a user-friendly interface. It is a platform suitable for beginners and veterans whose audit was done by blockchain security firm SolidProof.
Users may transfer assets in and out of the platform with its debit card, enabling them to fund their wallets and spend their profits.
Moreover, it issues low-interest loans and charges lesser fees for trading. Stakers can also generate high returns on staked assets, making it more appealing to DeFi enthusiasts. These offerings are boosting its adoption rate, and soon, the effect will trickle down to RCOF's price.
Uniswap's 2021 Rally: Factors Behind Its Growth
Like RCO Finance, Uniswap expanded fast with its unparalleled offerings and rapid adoption among market participants. This growth caused it to rise to the top 20 digital assets, occupying the 18th position. The promotion was accompanied by a massive increase in UNI's market value.
Notably, UNI rose 900% from $5 to $45 before the year ended. Some factors contributing to its growth included integrating with Polygon and spurring investors' interest. Uniswap immediately dominated Ethereum, thus becoming the largest decentralized exchange on the blockchain.
Today, the platform is contending with new players like RCO Finance, with the latter possibly taking its place. UNI has gained 3.49% in the last seven days and is now trading at $6.34. Experts anticipate an additional increase in UNI's value in the days ahead.
Litecoin To Drop 7% As Bull Power Wanes
Litecoin's lackluster movement has become more apparent, with experts anticipating a decline in its price. Despite staging an uptrend recently, LTC risks a 7.75% drop in the days ahead. This imminent price action is due to decreasing whale activities in the Litecoin ecosystem and emerging bearish patterns on the LTC chart.
For instance, the Stochastic Relative Strength Index (RSI) signal line has recently crossed over into oversold territory, with LTC breaching the 20, 50, and 100-day moving averages to the downside.
Also, LTC needs help to reach around 50% of Fibonacci's retracement level. Furthermore, on-chain data shows that whale transactions fell from $3.01 billion to $2.91 billion between August 7 and 13.
With these bearish indications, experts expect LTC to retest the $60 price level. Although, for now, LTC is holding its ground at $66.22, with a 9.37% increase in its market value. Nevertheless, the anticipated drop in LTCs has caused investors to tilt towards RCOF's presale.
RCOF To Replicate UNI's 2021 Rally
Meanwhile, RCOF is preparing to repeat UNI's 2021 rally as it gears up for a 1,000% surge. The token is in Stage 2 of its presale, trading at $0.0343 per token. RCOF has raised $1.45 million at this stage, with over 5.8 million tokens sold.
RCOF is expected to soar to $0.4, marking the climax of its presale. This rally would translate to a 1,000% increase in its current price, meaning that investors will make up to 10X their capital. With the token selling at a 40% discount, if you use the code RCOF40, the best time to buy it and maximize gains is now.
For more information about the RCO Finance Presale:
