RCO Finance (RCOF) Surges in Popularity as Solana Meme Coin Traders Exit WIF and BONK

Solana meme coin traders involved with Dogwifhat (WIF) and Bonk (BONK) are relinquishing their stakes in these assets despite showcasing bullish

Solana meme coin traders are shifting their focus to RCO Finance (RCOF) amid recent declines in Dogwifhat (WIF) and Bonk (BONK), despite earlier bullish projections for the two assets.

As WIF and BONK continue to experience setbacks, a growing number of traders are turning to RCOF in the hopes of maximizing their returns. With its crypto AI tool and a 1,640% return on investment during its ongoing presale, RCOF is quickly becoming the preferred choice for those seeking to capitalize on the downturn.

Here's a closer look at why WIF and BONK traders are opting for RCOF.

Crypto Market Commentator Phantom Hints At Dogwifhat Reversal From Dip

According to a recent note to the community by crypto market commentator Phantom, Dogwifhat may be poised for a rebound.

In a statement on September 5, Phantom highlighted a 16% surge in WIF Open Interest, indicating traders' anticipation of a price increase for the asset. This projection comes despite WIF's decline, attributed to the broader market downturn.

Despite WIF's current positioning at a 66% discount from its March 2024 peak, Phantom anticipates the asset's potential rebound to persist.

At the time, WIF experienced remarkable growth, reaching a maximum price of $4.86 before encountering resistance and embarking on a downtrend.

According to Phantom, analysts predict that during the rebound, WIF could reclaim the $2.40 price level, despite its current stagnation. This increase would translate to a 52.80% appreciation from its current value.

Based on market data, WIF is currently trading at $1.47, down 3.45% over the last seven days.

Bonk Anticipated To Witness A Surgeo

Solana meme coin Bonk is expected to experience a rally based on recent on-chain metrics readings.

Specifically, CoinGlass, an on-chain analytic firm, revealed in its latest report that BONK's long/short ratio indicates bullish sentiment among investors for the asset. The ratio is currently at 1.0264, of which anything above one is considered bullish.

Also, the future Open Interest for BONK has been on the rise, climbing 11% in the last 24 hours. The Open Interest and long/short ratio data indicate buyers may soon take over the BONK market. This turnout will result in the mem coin gaining upside momentum again.

Moreover, BONK outperformed major players in the crypto sector, like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), despite the prevailing bearish trend. Yet, the coin is still wallowing under the 200-day Exponential Moving Average line on the 1-day timeframe, suggesting a downtrend. Per market data, BONK is down 9.52% in the last seven days to $0.0000157.

RCO Finance Gains Massive Adoption Because Of AI Tool

As Dogwifhat and Bonk continue to trend downward, RCO Finance is generating buzz. Its crypto AI tool, a robo-advisor, is drawing the interest of market players, given its potential to help them amass significant gains. This tool uses algorithmic programs to assist traders in their trading journey.

The robo-advisor locates opportunities that traders can capitalize on for gains. Given its analytic ability, it can determine the best assets to invest in by deeply analyzing the assets investors show interest in.

For instance, if an investor is interested in an AAPL stock, the robo-advisor can tell which direction the stock will likely go subsequently using prevailing trends, sentiments, price actions, structures, and the general outlook of the stock.

Over 120,000 digital assets are on the RCO Finance platform. The robo-advisor can help investors develop personalized strategies to trade their preferences on this list to achieve their trading targets. This process makes it easier to generate profit and boost win rates.

Also, RCO Finance has been audited by blockchain security firm SolidProof to guarantee the safety of users’ assets. As a KYC-free, user-friendly platform, it is suitable for beginners looking to begin their trading journey without going through registration hassle. The European Union’s MiCA framework will regulate the platform to further protect users across Europe and the globe.

RCOF Set For A 1,640% Increase In Presale Value

RCOF can deliver a 1,650% price surge in its ongoing presale. From its current price of $0.0343, an increase of this magnitude will push the price as high as $0.6. Interestingly, the asset can also list at this price.

Token holders will receive quarterly dividends, tier-based rewards, and voting privileges. They will also enjoy a 5

The above is the detailed content of RCO Finance (RCOF) Surges in Popularity as Solana Meme Coin Traders Exit WIF and BONK. For more information, please follow other related articles on the PHP Chinese website!