Crypto Market Update: Dogecoin (DOGE) and Shiba Inu (SHIB) Extend Losses as RCO Finance Prepares for Fresh Rally
Release: 2024/08/17 02:09 Reading: 210
Crypto Market Update: Dogecoin (DOGE) and Shiba Inu (SHIB) Extend Losses as RCO Finance (RCOF) Prepares for Fresh Rally
The crypto market is gradually shifting away from a state of fear after a US court ruled Ripple (XRP) a non-security, ending years of legal battles with the SEC. However, meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have not yet recovered and continue to decline in value.
In contrast, RCO Finance (RCOF) is gaining ground while these once-popular tokens struggle. With increasing adoption and a successful presale, the RCOF token is capitalizing on current market dynamics and preparing for another rise.
RCO Finance (RCOF): Two Steps Ahead
In recent weeks, RCO Finance (RCOF) has consistently generated interest in the crypto market. The AI-driven platform is gaining widespread acceptance by decentralizing financial services and eliminating the need for human intermediaries.
One feature that has particularly captivated traders is the Robo-Advisor. It alleviates the challenges of slow transactions for traders, both new and experienced, by analyzing market trends, identifying promising investment opportunities, and executing profitable trades on their behalf.
Moreover, the Robo-Advisor can mitigate the influence of bias and emotions, which can impact traders' judgment. As an artificial intelligence system, it can adjust trades instantaneously and adapt to real-time trading conditions, providing a level of precision and responsiveness that human traders may struggle to match.
All these features are conveniently accessible on RCO Finance's user-friendly platform. Registration requires only an email address and full name, with no additional personal information needed to enjoy the platform's services.
RCO Finance's security and reliability are further reinforced by regular and thorough smart contract audits. With SolidProof's certification, RCO Finance enhances its credibility, assuring investors that their transactions are secure and the platform operates with a high level of transparency.
Shiba Inu (SHIB) Burn Proves Ineffective
Shiba Inu (SHIB) is navigating a challenging market environment, having declined by 10.76% over the past week. While SHIB's moving averages suggest potential upward movement, the Relative Strength Index (RSI) is close to overbought levels, indicating possible selling pressure in the near term.
With a market capitalization of $8.26 billion, the lack of sustained upward momentum for SHIB raises questions about its ability to rebound. At the time of writing, the Fear & Greed Index stands at 20 (Extreme Fear), with Shiba Inu experiencing 12 of 30 green days and 9.60% price volatility.
Dogecoin (DOGE) Falters
Dogecoin (DOGE) experienced a 12.5% decline following the release of the Dogecoin Core 1.14.8 update, which aimed to enhance its security, efficiency, and transaction speed. While DOGE has exhibited a combination of bullish and bearish signals, the moving averages point towards further losses.
The future price action of Dogecoin (DOGE) is heavily dependent on broader market dynamics and adoption rates. Coincodex predicts an additional 10-20% decrease in DOGE's price over the next month.
RCOF Presale Reaches Record Inflow
According to analysts, the overwhelming interest in the ongoing RCO Finance presale is poised to propel the RCOF token forward. In the second stage of the presale, investors can acquire tokens for $0.0344 each. With a projected growth of 1,500%, the token is anticipated to launch between $0.4 and $0.6.
Investors who engage with the RCO Finance (RCOF) platform enjoy several benefits. Presale investors earn attractive APYs by staking their cryptocurrency. To maintain sufficient liquidity, 20% of each new user's RCOF deposit is allocated.
RCOF holders also receive discounts on trading fees, 30% of payment revenues, and the ability to participate in token governance. Additionally, staked tokens can earn interest of up to 21% per annum.
Join the RCOF presale and take advantage of a 50% discount using the promo code RCOF50.
Learn More About the RCO Finance (RCOF) Presale:
RCO Finance Presale
Join the RCO Finance Community
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