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The crypto market’s poor performance has seen Arthur Hayes, the founder of Bitmex, predict that Bitcoin (BTC) might slump below $50,000 this weekend.
Meanwhile, RCO Finance (RCOF), an emerging Ethereum token, has gained ground in the crypto market after securing over $1.79 million during its ongoing pre-sale.
Why does Arthur Hayes believe Bitcoin could plunge below $50,000, and why is RCO Finance defying the bearish trend in the crypto market? Read on to find out!
Arthur Hayes Foresee Bitcoin Plunging Below $50,000!
Arthur Hayes recently made a bearish case for Bitcoin (BTC). Specifically, Arthur Hayes predicted that Bitcoin would plunge under $50,000 this weekend. This bearish outlook comes as Bitcoin continues performing deplorably after plummeting below the $60,000 level in the last week of August.
On August 30, Bitcoin was changing hands at around $59,010. After holding this level for days, Bitcoin took a sharp dive on September 4 after Fidelity sold 2,812 BTC. By September 7, Bitcoin (BTC) had stabilized at around $54,692. This price denotes a 7% weekly drop.
Moreover, the 24-hour Bitcoin trading volume is down 20%, indicating dwindling investor interest. Perhaps this explains why Arthur Hayes believes Bitcoin might slump below $50,000 this weekend.
Bitcoin Investors Shift To RCO Finance To Hedge Against Losses!
With Bitcoin showcasing a bleak future, investors increasingly embrace RCO Finance to protect their holdings against further losses. Investors are flocking to RCO Finance because its DeFi platform leverages AI and blockchain technology to offer access to over 12,500+ crypto and TradFi asset classes.
This vast asset offering offers investors unlimited options to diversify their portfolios for reduced risk and maximum profitability. While this offering sets RCO Finance apart from other DeFi platforms, the project’s highest ranking feature is its AI-powered robo advisor, which functions as an automated financial expert.
Investors are buzzing about RCO Finance’s robo advisor because it employs algorithms and machine learning to offer investment recommendations.
To achieve this, the robo advisor gleans data from the 120,000+ assets the RCO Finance platform supports and tells an investor when to enter, exit, or double down on select positions for peak profitability.
Furthermore, the robo advisor can complete trades on an investor’s behalf. In so doing, the robo advisor does not need permission to capitalize on investments that match an investor’s risk profile and financial goals. This approach helps an investor save time and costs by monitoring market trends manually.
Interestingly, RCO Finance pairs the robo advisor’s capabilities with up to 1,000x leverage. As such, the robo advisor can bet big on suitable market opportunities. For instance, the robo advisor can use this massive leverage to buy Arthur Hayes’ predicted Bitcoin dip ahead of the next bull run.
Besides its revolutionary robo advisor, RCO Finance has attracted Bitcoin investors because it supports yield farming through lending and staking. RCO Finance also issues non-KYC debit cards to enable investors to spend crypto in the DeFi ecosystem and the real economy.
RCOF Poised To Jump Significantly During Its Pre-Sale!
Bitcoin investors are also embracing RCO Finance because of its Ethereum-based token, RCOF, which has emerged as a promising portfolio diversification option.
RCOF has caught the attention of investors because it doubles as RCO Finance’s transactional and governance token.
Furthermore, RCOF has a comparatively low supply cap of 800 million tokens and a deflationary tool to prevent inflation. These features make RCOF a viable long-term investment. RCOF also waves because it offers HODLers perks like tier-based dividends and voting rights.
SolidProof, a renowned blockchain security firm, audited RCOF’s smart contract. This audit examined the token’s smart contract architecture, code logic, security vulnerabilities, and observation of industry standards.
As of September 7, RCOF had entered Stage 2 of its pre-sale at $0.0344. When RCOF initiates Stage 3, this price will rise to $0.0558.
Moreover, this price will continue climbing until RCOF launches at $0.4-$0.6. Furthermore, experts expect RCOF to mimic Bitcoin’s 8,500% surge over the past decade when it launches on top exchanges.
This forecast explains why the RCOF pre-sale should be part of your investment portfolio.
For more information about the RCO Finance Presale:
Visit RCO Finance Presale
Join The RCO Finance Community
*This article was paid for. Cryptonomist did not write the article or test the platform.
Source: https://en.cryptonomist.ch/2024/09/09/arthur-hayes-bitcoin-btc-crashing-what-can-you-do-to-hedge/