An analyst forecasted a potential drop in Bitcoin's (BTC) price to $57,000 in recent developments. The analyst suggests RCO Finance (RCOF), a new altcoin with a remarkable potential for 5,000x growth, as the ideal hedge in response to this anticipated decline.
But what could be the rationale behind this daring prediction? Find the details below!
Bitcoin (BTC) Could Fall Further, Warns 10x Research
Bitcoin (BTC) has experienced a 5% decline over the past week, currently hovering around $60,800. According to 10x Research, this recent drop is considered a typical correction, as Bitcoin has been underperforming recently.
According to Markus Thielen, the founder of 10x Research, the cryptocurrency looked ‘overbought’ and added that signs suggest Bitcoin could fall in the coming days.
Should the manufacturing report continue to hover below 48.0, BTC's token price may be dragged back down again. However, if the value is higher, the reverse will be the case.
Moreover, Thielen sees a more positive outlook on Bitcoin and other cryptocurrencies in this Q4 of the year.
He attributed this optimism to the expectation of a quick and hopefully rapid reduction of interest rates by the federal funds and the recent announcement of new financial support from China.
RCO Finance Becomes New High Growth Investment Proposition
With experts forecasting the Bitcoin price will plunge to $57,000, many investors are exploring alternative assets with potential for significant returns.
Leading the charge is RCO Finance (RCOF), an innovative DeFi trading platform that is transforming trading practices through the integration of AI technology into financial services.
RCO Finance was designed to have a highly advanced robo-advisor capable of handling investments.
This is mainly based on the machine learning feature, which can design investment options based on the intended investment time and the user's risk tolerance level. The easy-to-use design also makes investing without prior experience possible.
The trading costs on this platform are way cheaper than those of the existing conventional exchanges, allowing anyone to trade effectively and maximize their gains.
At the same time, RCO Finance permits users to borrow, lend, stake, and provide liquidity, making it highly investable.
In addition, RCO Finance sets itself apart by tokenizing physical assets such as real estate and commodities, thus democratizing access to traditionally illiquid markets.
This strategic approach expands investment opportunities and enhances liquidity and flexibility within the ecosystem.
RCO Finance operates under a no-KYC policy, meaning it does not collect any personal identification data from users.
Moreover, the smart contracts that power the AI trading platform have undergone rigorous audits by SolidProof, a respected European security firm, ensuring high security and reliability.
RCOF's Presale Emerges As the Focus As Bitcoin Value Declines.
Experts have advised investors who entered the Bitcoin market before its anticipated drop to $57,000 that participating in RCO Finance's presale could help offset their losses.
This is unsurprising, given that the token presale has already sold over 95 million tokens in just the first two stages.
Currently in its second stage, RCO Finance (RCOF) offers presale tokens at a discounted rate of $0.0344 each.
With its deflationary token model designed to appreciate at each presale stage, RCOF promises potential returns exceeding 5000x after its launch. The anticipated altcoin price is set at $0.60.
Moreover, token holders will also receive many incentives, such as 50% price discounts at each token buy, quarterly dividends, airdrop bonuses, and voting rights to decide on protocols and the platform's future.
With RCOF expected to follow the bullish trends witnessed in Bitcoin during 2021, now is the perfect time to seize this opportunity!
For more information about the RCO Finance (RCOF) Presale:
