Cardano Price Prediction: ADA Unable to Break Critical Level, Traders Pick Up Rival Expected to Rise 10,000x
The crypto market has continued bleeding after starting October with bears on the front foot. As a result, Cardano (ADA) has plunged sharply, pushing the altcoin back in its journey to reclaiming the $0.4000 level. Meanwhile, RCO Finance (RCOF), an upcoming token, has stolen the limelight after surging significantly during its presale.
Will the Cardano price return, and what’s driving the sharp rise in RCO Finance (RCOF)? Continue reading to find out!
Cardano Plunges 6% in a Week: What’s On The Horizon?
Cardano has performed abysmally amid the renewed bearish trend in the crypto market. On September 30, the Cardano price was hovering around $0.3817. After climbing as high as $0.3853 on October 1, the Cardano price plummeted sharply the same day. This slide came after ADA mirrored Bitcoin (BTC) to $60,000.
Specifically, the Cardano price traded as low as $0.3343 on October 3 before recovering partially. By October 7, it had stabilized at around $0.3569, which means it had slumped 6% in a week.
Notably, the 24-hour ADA trading volume has risen by 69%. This growing investor interest and the bearish trend in the Cardano price indicate waning interest, which might fuel more losses and further threaten ADA’s potential to reclaim the $0.4000 level. This explains why Cardano investors are flocking to RCOF.
RCOF Targets a 10,000x Surge As More Investors Join Its Presale
With the Cardano price struggling to gain steam, investors have found a high-potential alternative in RCOF. ADA investors are purchasing RCOF because its presale has made significant progress. Specifically, RCOF has secured over $2.79 million thus far into its presale.
Notably, RCOF has attained this milestone despite being in Stage 2 of its presale as of October 7. RCOF’s price during this stage is $0.0344. This price allows investors to join the RCOF presale early and earn humongous returns when the altcoin launches at $0.4-$0.6.
Also, experts foresee RCOF jumping 10,000x by early 2025, surpassing ADA’s 1,500% surge in 2021.
Apart from its high-potential presale, RCOF has captivated Cardano investors because it is safe to invest in. It is worth noting that SolidProof, a famed blockchain security firm, audited RCOF’s smart contract, verifying that it was secure, vulnerability-free, and up to industry standards.
RCO Finance Dominates DeFi Headlines Due To Its Robo Advisor
With the Cardano price far from the crucial $0.4000 level, ADA investors are rushing to RCO Finance to diversify their portfolios and hedge against losses. RCO Finance has become a top pick among investors because it supports tokenizing real-world assets (RWAs) like real estate, commodities, and art.
By exposing investors to these illiquid assets, RCO Finance enables them to strengthen their portfolios to withstand winter markets. Moreover, RCO Finance pairs this unique offering with its innovative AI-powered robo advisor, which uses machine learning and algorithms to offer investors custom investment advice.
The robo advisor’s mode of operation involves monitoring and gathering data from the 120,000+ crypto and TradFi assets on RCO Finance. This revolutionary tool then uses this data to offer investors recommendations on the optimal time to enter or exit specific positions for maximum profitability and reduced risk.
Further simplifying investing, the robo advisor can execute trades on behalf of investors. This ability enables the robo advisor to modify investment portfolios with assets matching an investor’s risk tolerance and financial goals in real-time. To this end, investors can enjoy having well-structured portfolios without lifting a finger.
RCO Finance is also causing a stir in the DeFi scene because it allows investors to earn passively through staking and lending.
The RCO Finance platform also issues non-KYC debit cards, which help boost financial inclusion by simplifying spending crypto within the rapidly expanding DeFi ecosystem and in the real world.
These features explain why you should join Cardano investors in adopting the RCO Finance platform to improve your investment strategy.
For more information about the RCO Finance Presale:
Join The RCO Finance Community
Disclaimer
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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.
