The recent crash in Dogwifhat (WIF) and Bonk (BONK) has left over 60,000 crypto traders liquidated. With losses mounting, many are now looking for safer, more promising investment options.
One such option gaining attention is RCO Finance (RCOF). In this article, we’ll uncover the reason for its market success and the decline in Dogwifhat (WIF) and Bonk (BONK)!
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RCO Finance Defies Market Downturn
Following the broader market downturn led by Bitcoin’s (BTC) sharp decline to $59,000, RCO Finance (RCOF) witnessed a spike in demand, sending shockwaves across the broader crypto market. This impressive market performance is because RCO Finance (RCOF) strategically positioned itself as a medium for loss recovery.
Specifically, many analysts forecast an earth-shattering 5000% for the coin in the coming weeks. Their bias is driven by its fully automated AI-powered trading platform, which has quickly become the go-to platform for crypto traders of all levels.
One of the key factors driving the growing interest in the platform is its strong focus on user safety and privacy. RCO Finance undergoes smart contract audits by a top security firm SolidProof, and operates with minimal KYC requirements, prioritizing accessibility and transparency.
Moreover, RCO Finance’s (RCOF) integration of the Robo Advisor into its crypto trading platform has given it an upper hand in the broader crypto market. This innovative tool uses real-time market analysis to craft personalized trading strategies for traders, allowing them to set timely alerts that help them stay atop market volatility.
Dogwifhat Falls Out Of The Top 50 Cryptocurrencies
As is the norm in the crypto world, the memecoin sector usually suffers the most losses in market crises given its highly volatile nature and lack of solid utility. Dogwifhat (WIF) is one memecoin that has taken quite the beating, falling 36% over the past week.
After registering only 9 green days in the last 30 days, with an Extremely High Volatility reading of 20.75%, Dogwifhat (WIF) is speculated to drop to $1.15 before the week ends. This seems highly plausible, with its trading volume falling from $900.51 million to $567.85 million this week.
Moreover, this lackluster performance has pushed Dogwifhat (WIF) out of the top 50 cryptocurrencies, with Fantom (FTM) taking over its previous position. Its market capitalization has declined by 49% this month, highlighting an increase in investor disinterest.
Bonk Emerges As Another Casualty
Bonk (BONK) is another memecoin that has witnessed intense selling pressure this month, with a 42% month-to-date decline. The coin also exhibits an Extremely High Volatility reading of 20.06%, with a yearly inflation rate of 44.55%.
Despite this price loss, Bonk (BONK) has registered an upside of 5,440%, outpacing 98% of the top 100 cryptocurrencies, including Bitcoin and Ethereum, over the past year. Crypto analysts speculate that the coin might be nearing a possible price reversal.
Their bias is bolstered by Bonk’s (BONK) technicals, with the coin trading above the 200-day SMA and an RSI of 37.85. If their speculations hold, Bonk (BONK) may surge to $0.00002548. Conversely, it may descend to $0.00001590, potentially increasing the number of wrecked traders in Bonk (BONK) and Dogwifhat (WIF) to 100,000.
Savvy Traders Migrate To RCO Finance’s Presale
Savvy crypto traders wouldn’t stay on Dogwifhat (WIF) and Bonk (BONK) too long to add to the potential number of wrecked traders, and many of them have been selling off their hodlings to join the RCO Finance (RCOF) presale given its potential for explosive gains.
The presale is currently at stage 1 with an altcoin price of $0.01275. Interestingly, traders can slash prices by 30% using the code “RCOF30”. These discounted prices give them a strategic entry to maximize their potential RCO Finance (RCOF) returns.
Moreover, they’re all anticipating the 3000% increase speculated on RCO Finance (RCOF), which they stand to gain if they hold onto their RCOF token until its listing day. The coin has been projected to trade within the range of $0.4–$0.6 at launch.
For more information about the RCO Finance (RCOF) Presale:
Join The RCO Finance Community
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.