After holding green candlesticks over the weekend, most top altcoins have started retracing their growth. Still, a renowned technical indicator analyst believes Dogecoin (DOGE) might extend its rally.
However, this analyst believes betting big on RCO Finance (RCOF), an upcoming Ethereum token, might yield higher returns. Why does this analyst recommend investing in RCO Finance instead of Dogecoin? Let’s find out!
Dogecoin Gains 3% in a Week: Will The Rally Continue?
Dogecoin has performed modestly over the past seven days. On September 9, DOGE was changing hands at around $0.098.
Notably, Dogecoin attained this price by piggybacking on the hype that started after Tesla and SpaceX CEO Elon Musk posted a DOGE-related image on X on September 7.
After days of recording marginal gains, DOGE shot up on September 13. These gains came after Bitcoin (BTC) reclaimed the $60,000 level, triggering a marketwide resurgence. Specifically, Dogecoin traded as high as $0.1081 on September 13. By September 16, Dogecoin (DOGE) had stabilized at around $0.1017.
This price means DOGE has gained 3% in a week. While these are not substantial gains, the 24-hour Dogecoin trading volume is up 42%.
This surge in Dogecoin’s trading volume indicates growing investor interest, which will likely spur more gains. This analyst believes DOGE might continue its rally.
RCOF: A Quickly Growing Ethereum Token Presale!
While this analyst is bullish on Dogecoin, he believes RCO Finance (RCOF) is a better investment because of its price-tiered presale.
By September 16, RCOF was in Stage 2 of its rapidly selling-out public presale. RCOF’s price during this stage is $0.0344. When this Ethereum token enters Stage 3, its price will increase to $0.0558.
Notably, RCOF will continue pumping until it launches at around $0.4-$0.6. Furthermore, this technical analyst believes that due to increasing demand, RCOF might surge 1,340% before the end of 2024.
Moreover, this analyst predicts that RCOF might copy Dogecoin’s 6,800% rally in 2021 once it gets listed on top exchanges.
Apart from its growth potential, RCOF has also won over this analyst because it boasts a robust tokenomics model.
Specifically, this Ethereum token has a total supply of 800 million tokens and is a deflationary tool for controlling inflation. Moreover, RCOF is safe to invest in because SolidProof, a top blockchain security firm, audited its smart contract.
Investors Flock To RCO Finance Because of Its Robo Advisor!
RCOF is also making headway in the crypto market because of its utility as RCO Finance’s transactional and governance token. RCO Finance is an up-and-coming DeFi project that seeks to revolutionize investing by granting investors access to over 12,500 crypto and TradFi asset classes.
Also, this budding project depends on its AI and blockchain-powered infrastructure to offer cutting-edge trading tools to simplify investing.
At the core of the RCO Finance platform is an AI-powered robo advisor, which uses complex algorithms and machine learning to offer personalized investment advice.
Specifically, the robo advisor monitors the 120,000 assets on RCO Finance and gathers various data sets. The robo advisor then matches this data with an investor’s risk profile and financial goals before advising the investor to enter, exit, increase, or reduce exposure to specific positions.
This data-driven approach effectively eliminates guesswork and emotions from the investment process. As a result, investors can make informed decisions, raising their chances of executing lucrative trades. Interestingly, investors can automate their trading stations, enabling the robo advisor to trade on their behalf.
Apart from its robo advisor, RCO Finance has emerged as a top DeFi platform because of its non-KYC sign-up process.
This approach grants investors worldwide access to professional investment management tools without forcing them to compromise their anonymity.
These features explain why you should keep the RCO Finance Ethereum token from passing you by!
For more information about the RCO Finance Presale:
