The crypto market is bleeding, with top 20 altcoins like Dogecoin (DOGE) and Shiba Inu (SHIB) plummeting by double digits. As a result, investors have started shifting to RCO Finance (RCOF), an upcoming Ethereum token that has secured $1.76 million during its ongoing public pre-sale.
Investors are shifting from Dogecoin (DOGE) and Shiba Inu (SHIB) to a new Ethereum token called RCO Finance (RCOF) due to the poor performance of these top 20 altcoins. Here's a closer look at why investors are making this move.
Dogecoin (DOGE) Loses 13% in a Week: Will Bears Persist?
Investors are fleeing Dogecoin (DOGE) as a result of its poor performance over the past seven days. On August 26, DOGE was trading around $0.1102. However, DOGE began to decline that same day. This bearish pressure intensified on August 27 when Bitcoin (BTC) slipped below the $60,000 mark, triggering a market-wide sell-off.
By September 2, Dogecoin (DOGE) had leveled off at around $0.0954. This price indicates a 19% decrease for DOGE over the past week. Moreover, the 24-hour DOGE trading volume had increased by 38%, indicating a strong selling force. This bearish outlook is driving DOGE investors to shift toward RCO Finance (RCOF).
Shiba Inu (SHIB) Dumps 13% in a Week: Will Bulls Return Soon?
Shiba Inu (SHIB) has also performed poorly over the past week. On August 26, SHIB was trading at around $0.00001518. Shiba Inu maintained this level for a day. However, like Dogecoin, Shiba Inu began to decline sharply on August 27 due to the Bitcoin-led market-wide sell-off.
As of September 2, Shiba Inu (SHIB) had leveled off at around $0.00001317. This price indicates a 13% decrease for SHIB over the past week. Furthermore, the 24-hour SHIB trading volume had increased by 58%, indicating a strong selling force. This bearish pressure is causing Shiba Inu investors to gravitate toward RCO Finance (RCOF).
Investors are flocking from Dogecoin and Shiba Inu to RCO Finance (RCOF) due to its cutting-edge DeFi platform. By combining AI and blockchain technology, the RCO Finance platform provides investors with access to a variety of advanced trading tools that simplify investing in both the cryptocurrency and traditional finance sectors.
The highlight of the RCO Finance platform is its AI-powered robo advisor, which functions as a financial expert. Specifically, the robo advisor leverages algorithms and machine learning to monitor the crypto and TradFi markets around the clock and provide investors with suggestions on when to enter, double down, or exit select positions for maximum profitability.
Furthermore, the robo advisor can automatically execute trades on behalf of investors, saving them the time and effort of constantly monitoring market conditions before making an investment. This functionality enables investors to begin their investment journeys like professionals, effectively curbing emotional investing, which often leads to losses.
Notably, RCO Finance supports over 12,500 asset classes. As a result, the robo advisor can effortlessly diversify investor portfolios with a wide range of assets, including RWAs such as real estate, ETFs, FX, and decentralized derivatives like swaps, futures, and options. This hybrid offering helps hedge investments against bear markets.
Additionally, RCO Finance provides up to 1,000x leverage, allowing investors to bet heavily on opportunities that align with their risk profile and financial objectives. This explains why Dogecoin and Shiba Inu investors are clamoring for RCO Finance's Ethereum token, RCOF.
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