August 13th, 2024 at 11:00 pm UTC · 4 min read
/RCO Finance/ – Market intelligence platforms have reported sightings of whale activities in the meme coin sector, particularly in the Dogecoin (DOGE) and Shiba Inu (SHIB) ecosystems, suggesting imminent price movements.
With these coins registering impressive large holder transactions tipping towards accumulation, this development has set the tone for RCO Finance (RCOF), an emerging Ethereum token, to gain upside momentum.
Let’s find out how DOGE and SHIB’s bullishness could affect RCOF.
Following the broader market decline last week, DOGE initiated a notable rebound that has lasted the past five days. On August 5, DOGE had shed 38% of its market value, sliding from $0.1348 to $0.0831. Despite the impact of this downturn on the market at large, DOGE remains resilient.
DOGE has risen almost 25% from its recent lows in the last five days. While holders have yet to recover the losses incurred from the dip, the uptick insinuates the return of positive impetus for DOGE.
The recovery was followed by a rebound in major metrics, implying bullish sentiments on Dogecoin amongst investors.
Notably, on-chain sleuth IntoTheBlock reported a notable surge in DOGE’s whale transactions to $1.01 billion, representing a 54% uptick from the seven-day low of $654.96 million on August 3 before its abseiling.
Also, the bull vs. bear metric shows the bull in control of the Dogecoin market, with the transaction count pointing out 14 bulls and 13 bears. Currently, DOGE is up 21.27% to $0.1040 in the last seven days, with a tendency to soar even higher.
Blockchain intelligence provider IntoTheBlock has called attention to hefty transactions involving 1.25 trillion SHIB tokens amongst deep-pocket investors.
In the August 11 report, the on-chain information courier revealed that the transactions occurred within 24 hours, suggesting a whale resurgence. Yet, this figure represents a 16% decline from its initial position on August 5.
Notably, whale SHIB transaction volume entered the 9 trillion threshold on August 5, climbing to 9.02 trillion. However, the following decline saw the whales tone down their activeness in the market. They have resolved to hold until there is a clear signal on the market’s direction.
After crashing to a low of $0.00001077 on August 5, Shiba Inu initiated a rally, reaching a high of $0.00001468 on August 11. Presently, SHIB is down 6.93% in the last 24 hours. Meanwhile, it has maintained a 17.02% gain in the last seven days.
The blockchain industry is about to witness a shift as a new player named RCO Finance (RCOF) emerges with an innovative on-chain technology, capturing the focus of blockchain enthusiasts worldwide.
This innovative technology, a cutting-edge AI-powered robo-advisor, will be responsible for changing the investment game. The robo-advisor is an effective tool that will aid market players in cashing in on opportunities without requiring constant surveillance or manual oversight.
Employing artificial intelligence, the robo-advisor provides a modified and fully automated investing experience tailored to every RCO Finance user’s portfolio and risk tolerance without veering away from their financial goals.
Also, RCO Finance offers access to numerous conventional financial instruments, consisting of FX, derivatives, Bitcoin and Ethereum ETFs, and real-world assets.
These assets are tradable using cryptocurrencies instead of fiat. With this diversification, investors can create a well-rounded portfolio, mitigate risks and maximize gains.
Besides its robo-advisor, RCO Finance has integrated other tools to bolster its market presence.
One example is a debit card that facilitates on- and off-ramp transactions. The platform has undergone a full audit process by blockchain security firm SolidProof. It will also adopt the provisions of the European Union’s Market In Crypto-Asset (MiCA) regulatory framework in its operations.
On August 6, RCOF entered Stage 2 of its public presale, already selling over 50 million tokens worth $153,000. This data shows the rate at which the demand for RCOF is spiking. With the presale closing shortly, crypto investors would be apt to buy now.
Using the promo code RCOF40 will allow investors to enjoy a 40% discount on their purchases at its current price of $0.0343.
However, this price is foreseen to soar as the token rises above subsequent presale stages, especially with DOGE and SHIB in a bullish mode. Eventually, it will touch its launch price of $0.6. By then, the token would have achieved a 40X increase in its opening price.
Interestingly, earning on RCO Finance is not limited to the presale or trading of traditional assets but also includes reward programs such as quarterly dividends, tier-based rewards, and access to airdrops.
Holding RCOF tokens is the only way to access these perks. Thus, acquiring RCOF tokens now will usher you into an adventurous and profitable investment journey.
For more information about the RCO Finance Presale: visit RCO Finance Presale, join the RCO Finance Community.
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