The renewed winter market has seen established altcoins like Solana (SOL) and Shiba Inu (SHIB) plummet by double digits. Meanwhile, a Pepe (PEPE) trader has sided with RCO Finance (RCOF), a new Ethereum token pre-sale, which has showcased impressive growth potential.
Why is RCO Finance surging as PEPE, Solana (SOL), and Shiba Inu (SHIB) plummet? Read on to find out!
Solana (SOL) Dumps 40% In a Week: Will Bulls Return Soon?
Solana has slumped significantly over the past week. On July 29, SOL was trading around $191. However, SOL started shedding value on July 30 after Jake Chervisnky, the Chief Legal Officer at Variant Fund, said investors should not believe the SEC has declared Solana a non-security because the regulator retracted a request for a court to decide on the matter.
By August 5, SOL had stabilized at around $117. This price means SOL has slid 38% in a week. Moreover, the 24-hour Solana trading volume has jumped 246%. This spike in trading volume during a winter market means Solana will likely continue plunging.
Shiba Inu (SHIB) Falls 33% In a Week: What’s In Store?
Shiba Inu has performed subparly over the past week. On July 29, SHIB was hovering around $0.00001714. The June 29 news of Shiba Inu partnering with BadIdea to introduce AI governance to Shibarium helped SHIB hold this level despite the prevailing bearish trend in the broader crypto market.
However, Bitcoin (BTC) plunged below $60,000 on August 4, triggering a marketwide rout. By August 5, SHIB had stabilized at around $0.00001138. This price means SHIB has lost 33% in a week. Notably, the 24-hour SHIB trading volume is up 248%, likely indicating increasing selling pressure.
PEPE Sheds 51% In a Week: What’s Next?
PEPE has performed dismally over the past week. On July 29, PEPE was changing hands at around $0.00001224. After Bitcoin (BTC) plunged below $60,000, leading altcoins, including PEPE, mirrored its price movements. By August 5, PEPE had stabilized at around $0.00000597.
This price means PEPE has plunged 51% over the past week. PEPE’s volume is up 143% over the past 24 hours, indicating increasing selling pressure. This explains why this PEPE trader has decided to stand with RCO Finance (RCOF).
RCO Finance’s Crypto AI Features Position It As a Viable ICO
RCO Finance is an up-and-coming DeFi project that seeks to enhance the investment experience for crypto proponents by integrating crypto into traditional finance. To this end, RCO Finance offers investors access to over 12,500 asset classes, including ETFs, FX, shares, and other RWAs.
Through this offering, RCO Finance ensures investors can create custom investment portfolios, helping them maximize profits. AI and blockchain technology are at the core of RCO Finance’s platform.
This synergy guarantees automation, security, transparency, interoperability, and fast trade executions, among other perks.
Additionally, RCO Finance boasts the only truly AI-powered robo advisor in the crypto market. By leveraging advanced logarithms and machine learning, this crypto AI feature helps investors eliminate emotions from the investment process by offering data-driven suggestions.
These attractive features explain why this PEPE trader is betting on RCO Finance’s native token, RCOF.
RCOF Promises Massive Presale Returns
RCOF is an Ethereum-based token with a total supply of 800 million tokens. Additionally, RCOF has a deflationary mechanism, which helps prevent inflation by burning tokens that RCO Finance repurchases from the open market. Notably, RCOF supports all transactions, fees, and rewards within the RCO Finance ecosystem.
Additionally, RCOF holders can propose and vote on governance proposals. This explains why investors are rushing to buy RCOF. As of August 5, RCOF was in Stage 2 of its ongoing public presale.
Investors can now purchase RCOF at $0.0344. When RCOF starts Stage 3 at $0.0558, Stage 2 investors will realize a 62% ROI.
After RCOF hits its listing price of between $0.4 and $0.6, Stage 2 investors will see the value of their RCOF holdings jump 1,500%. This humongous ROI explains why this PEPE investor is betting on RCOF and why you should join this promising Ethereum token pre-sale.
For more information about the RCO Finance Presale: