The Bitcoin price has performed impressively thus far in October after starting the month with bears on the front foot. However, BTC is yet to reclaim the crucial $70,000 level. As a result, a skeptic trader has shifted to RCO Finance (RCOF), a new DeFi altcoin that promises astounding returns during its one-of-a-kind presale.
Why is this trader abandoning Bitcoin (BTC) to buy RCO Finance (RCOF)? Continue reading to find out!
Bitcoin Has Surged 8% Thus Far In October: Is $70K Coming?
Bitcoin has turned bullish after starting October bleeding. The Bitcoin price opened trading on October 1 at around $63,335. BTC continued bleeding and briefly revisited the $58,000 on October 10 as investors took profits from the September bull run. However, the Bitcoin price turned its fortunes around and quickly rebounded.
The Bitcoin price spiked sharply on October 14 due to increased institutional interest. Specifically, Bitcoin ETFs witnessed an inflow of $556 million, marking the largest daily net inflow since July. This bullish development saw Bitcoin (BTC) trade as high as $68,950 on October 18 before stabilizing at around $68,424.
This Bitcoin price means the leading crypto has gained 8% thus far in October. So, will the Bitcoin price reclaim the $70,000 level soon? Per this skeptic trader, Bitcoin will continue pulling back as the excitement about the recent ETF inflows continues fading. If this trend persists, this Bitcoin skeptic believes BTC could plunge below $50,000.
RCOF: 2024’s Crypto Gem
With this skeptic trader foreseeing the Bitcoin price potentially crashing below $50,000, it is no wonder RCOF has emerged as the next logical investment. RCOF has gained the confidence of this trader because it is a deflationary token with a supply cap of 800 million coins. This tokenomics model primes this altcoin for value appreciation.
Also, this Ethereum-based altcoin is currently proceeding with Stage 2 of its presale. RCOF’s price during this stage is $0.0344. As such, Stage investors have an alluring entry point to the RCOF presale. Notably, this altcoin is set to launch at a projected price of between $0.4 and $0.6. This means Stage 2 investors are in for huge ROIs.
Interestingly, this Bitcoin skeptic predicts that RCOF will surge 8,000% by early 2025, outshining Bitcoin’s 7,400% surge from 2017 to its 2024 ATH. This trader bases this prediction on the fact that this high-potential altcoin is gaining more adoption because it is a safe investment.
It is worth noting that SolidProof, a famed blockchain security firm, carefully audited the smart contract of this presale altcoin and verified that it checked all boxes regarding security and adherence to established industry standards.
RCO Finance Shakes Up DeFi With Its Ai-Powered Robo Advisor
As the crypto market awaits the direction the Bitcoin price will assume, investors are playing it safe by hedging their portfolios against potential losses. To this end, investors are flocking to RCO Finance, an emerging DeFi platform that supports over 120,000 assets spanning 12,500+ crypto and TradFi classes.
It is worth noting that this vast offering comprises tokenized real-world assets (RWAs). As such, Bitcoin investors can diversify their portfolios with illiquid assets like real estate and commodities, shielding their investments against crashes. Also, RCO Finance supports the trading of decentralized derivatives, offering more diversification options.
However, the primary attraction of the RCO Finance platform is its AI-powered robo advisor. This trading tool stands out because it uses machine learning and algorithms to generate custom data-driven investment suggestions, unlike traditional financial advisors who rely on cognitive biases.
Through these data-driven suggestions, investors can make rational decisions on when to purchase or sell specific assets. This eliminates emotions and guesswork from the investment process, increasing the chances of profitability while minimizing risk exposure. Notably, the robo advisor can also trade automatically on investors’ behalf.
In addition, the robo advisor eliminates intermediaries who charge outrageous fees. In doing so, the robo advisor helps investors increase their net returns over time. Additionally, the robo advisor offers free tax and financial legal advice, assisting investors in complying with regulations while dabbling in the altcoin and TradFi markets.
A Non-KYC Platform
The RCO Finance platform has also emerged as a safe haven for investors because it does not require KYC verification while signing up. With the Bitcoin price struggling to reclaim the $70,000 level, investors worldwide can join the RCO Finance platform and trade the supported assets without compromising their anonymity.
Also, RCO Finance issues non-KYC debit cards, enabling investors to spend their crypto holdings almost anywhere. This explains why you should join RCO Finance now!
For more information about the RCO Finance Presale:
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DISCLAIMER: This article is not intended as financial advice. Educational purposes only.
