Cardano Trader Urges Calm as the ADA Price Tanks, Traders Flock to this Under $1 Altcoin Rival for 2000% Gains
The crypto market has performed dismally since October, with top altcoins like Cardano (ADA) recording double-digit losses. These losses have forced investors to shift to tokens with better prospects.
This explains why RCO Finance (RCOF), an upcoming Ethereum presale altcoin, has gained investor confidence.
Will the ADA price continue plunging, and what’s in store for RCO Finance (RCOF)? Continue reading to find out!
Cardano Plunges 13% in a Week: Will Bulls Flip Bears Soon?
Cardano has performed dismally over the past week as the crypto market continues plummeting. On September 27, the ADA price was hovering around $0.4053. Following days of trading sideways, the ADA price dived sharply on October 1.
This plunge came as Bitcoin (BTC) corrected downward from its September peak of $66,480.
As traders took profits, the ADA price traded as low as $0.3345 on October 3 before experiencing a slight uptick. By October 4, Cardano (ADA) had stabilized at around $0.3495. This price means the ADA price has dumped 13% in a week.
Furthermore, the 17% decline in the 24-hour Cardano trading volume indicates weakening investor interest. Should investors continue migrating from this altcoin, the ADA price will likely suffer another blow, forcing it to plunge further.
RCOF Attracts Investors After Promising Huge Presale Returns
With the ADA price showing a bleak outlook, investors are rushing to RCOF to hedge against further losses. RCOF has emerged as the perfect hedge for Cardano investors because its utility within the RCO Finance ecosystem underpins its long-term growth. This altcoin also has a deflationary tool and a limited supply of 800 million tokens.
Investors are also embracing this altcoin because it was thoroughly audited for safety and compliance with industry standards. SolidProof, a famed blockchain security firm, audited RCOF’s presale.
This helped boost investor confidence in this altcoin, explaining why it has secured $2.42 million thus far during its presale.
As of October 4, RCOF was in Stage 2 of its presale. The price during this stage is $0.0344.
Investors can take advantage of this low price and stock up on RCOF while awaiting the altcoin’s launch at $0.4-$0.6. By climbing its listing price, RCOF will have generated massive returns for Stage 2 investors.
Amazingly, experts expect RCOF to surge 2,000% by late 2024, surpassing Cardano’s 1,600% surge in 2021.
RCO Finance: The Perfect Platform For Hedging Against Market Crashes
The ADA price crash has also forced investors to change investment strategies to boost their profit margins. As a result, investors are increasingly flocking to RCO Finance, a new DeFi platform that seeks to democratize access to advanced investment management tools.
The highest-ranking tool on the RCO Finance platform is an AI-powered robo advisor. This tool uses machine learning and algorithms to provide investors with data-driven investment recommendations.
These insights help investors decide when to enter or exit positions for increased profitability.
Unlike traditional financial advisors who rely on intermediaries like custodians, brokers, and banks, the robo advisor works independently.
This distinction enables the robo advisor to reduce transaction costs, helping grow investors’ net returns. Eliminating intermediaries also helps the robo advisor guarantee swift trade execution.
Moreover, the robo advisor can trade automatically on behalf of investors. This feature enables the robo advisor to grab high-potential market opportunities early, increasing investors’ chances of profitability. Additionally, this level of automation allows investors to enjoy the perks of professional investing without any hands-on activity.
In addition to its robo advisor, RCO Finance has captured investor attention with its remarkable real-world asset (RWA) tokenization capabilities.
By tokenizing RWAs, RCO Finance exposes crypto investors to illiquid assets like commodities and real estate. As such, investors can strengthen their portfolios to survive sudden altcoin market crashes.
Furthermore, RCO Finance offers added benefits like yield farming, non-KYC debit cards, and access to over 120,000 crypto and TradFi assets spanning 12,500+ classes. These perks explain why you should join the RCO Finance revolution by purchasing the project’s presale altcoin.
For more information about the RCO Finance Presale:
Join The RCO Finance Community
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In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
