The crypto market has turned red after weeks of recording massive gains. As a result, Solana (SOL) and Cardano (ADA) have started bleeding. Moreover, an analyst foresees the bearish trend in these tokens intensifying. Meanwhile, RCO Finance (RCOF), a new Ethereum token presale, is looking to jump further as its presale gathers momentum.
Why does this analyst predict a crash in Solana (SOL) and Cardano (ADA) believes RCO Finance (RCOF) will continue surging? Let’s find out!
Solana Sheds 4% in a Week: Will Bears Dominate?
Solana has started October on a bearish note after rallying in September. Over the past seven days starting September 25, SOL has shed 4%. On September 25, SOL was changing hands at around $152.28. After two days of recording marginal price movements, Solana pumped on September 27.
Specifically, SOL traded as high as $169.62 on September 29. These gains came after the altcoin market rallied alongside Bitcoin (BTC). However, the frenzied buying activity died down, and Solana pulled back. By October 2, Solana (SOL) had stabilized at around $145.55.
Notably, the 24-hour SOL trading volume is up 52%. Paired with the recent price drop, this increased activity likely means investors are dumping SOL. This explains why this analyst believes a crash is imminent.
Cardano Slumps 8% in a Week: Will the Bleed Intensify?
Like Solana, Cardano has plunged over the past week. On September 25, ADA was hovering around $0.3907. Following two days of range-bound trading, ADA gained bullish steam on September 27 after Bitcoin’s sharp rise above $66,000. The resulting upward momentum saw ADA trade as high as $0.4146 the same day.
However, Bitcoin failed to climb further and started correcting downward. ADA mirrored this price movement and turned red at the start of October. By October 2, Cardano (ADA) had stabilized at around $0.3555. This price means Cardano has plummeted 8% in a week.
The 24-hour Cardano trading volume has jumped 60%. This growing activity as Cardano bleeds indicates investors are exiting ADA positions in search of hedging opportunities.
RCOF: A Rare Hedging and Growth Oppurtunity
With the crypto market deep in the red, RCOF has maintained an upward trajectory during its presale. This explains why investors are rushing to purchase this upcoming Ethereum token. Also, RCOF has attracted investors because its presale presents a high-potential investment opportunity for early investors.
By October 2, investors could buy RCOF at $0.0344 during Stage 2 of its ongoing public presale. This price is set to increase to $0.0558 when RCOF enters Stage 3, offering Stage 2 investors massive returns. Amazingly, these returns will skyrocket when RCOF attains its launch price of $0.4-$0.6.
Furthermore, this analyst predicts that RCOF will surge 1,600% in Q4 2024 and potentially mimic Cardano’s 2,000% in 2020. This analyst pegs this prediction on RCOF attracting more investors because SolidProof, a top-rated blockchain security firm, audited the token’s smart contract, verifying that RCOF is a safe investment.
RCO Finance’s Innovative Features Transform Investing
RCOF has also gained investor confidence because it is the base currency and governance token of the RCO Finance ecosystem. RCO Finance is an upcoming DeFi platform that uses AI and blockchain technology to support multiple revolutionary trading features.
Among RCO Finance’s list of game-changing features, its AI-powered robo advisor takes center stage. The robo advisor uses machine learning and algorithms to monitor and gather data from the 120,000+ crypto and TradFi assets on RCO Finance. With the obtained market data, the robo advisor offers investors tailored investment insights.
For instance, the robo advisor can tell investors when to enter or exit positions based on their financial objectives and risk tolerance. This advice helps investors make informed decisions, effectively reducing risk exposure and increasing chances of executing lucrative trades.
For investors that prefer a less hands-on experience, the robo advisor can trade on their behalf. This level of automation gives the robo advisor the flexibility to adjust investor portfolios in real time.
With RCO Finance supporting real-world asset (RWA) tokenization, the robo advisor can diversify portfolios with illiquid assets like real estate and commodities, helping investors hedge against crypto market crashes.
These features explain why you should join RCO Finance now and shield your investment against the renewed crypto bear market.
For more information about the RCO Finance Presale:
Visit RCO Finance Presale
Join The RCO Finance Community
Source: https://www.crypto-news-flash.com/analyst-warns-of-looming-crash-for-solana-sol-and-cardano-ada-says-buy-rcof-to-get-1600-profits-in-q4-2024/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-warns-of-looming-crash-for-solana-sol-and-cardano-ada-says-buy-rcof-to-get-1600-profits-in-q4-2024