Cardano (ADA) and Ripple (XRP) Could Re-Enter the $2 Zone

Cardano (ADA) Slides 14% in a Week: What’s Next?

Cardano has plunged sharply over the past seven days. On August 26, ADA was hovering around $0.3878. After holding this level for a day, ADA plunged sharply on August 27 due to a Bitcoin-led marketwide rout. This slump intensified as more speculative traders dumped their ADA holdings.

By September 2, Cardano (ADA) had stabilized at around $0.3326. This price means Cardano has shed 14% in a week. Moreover, the 24-hour ADA trading volume is up 54%, increasing selling pressure. Still, analysts believe Cardano’s scientific approach will attract more investors, helping ADA soar to $2 soon.

Ripple (XRP) Sheds 9% in a Week: What’s In Store?

Ripple has performed abysmally over the past week. On August 26, XRP was trading at around $0.6027. Like Cardano, the XRP price plummeted on August 27 after Bitcoin plunged below the $60,000 level. Driven by fear, day traders dumped their XRP holdings, aggravating the decline further.

As of September 2, Ripple (XRP) had leveled off at around $0.5478. This price means Ripple has lost 9% in a week. Moreover, the 24-hour XRP trading volume is up 25%, indicating a growing selling force. Nonetheless, analysts believe XRP might revisit the $2 range if Ripple Labs emerges victorious in its case against the SEC.

RCO Finance Reshapes DeFi Trading With Its Robo Advisor!

RCO Finance, an emerging DeFi platform, is quickly gaining ground in the crypto-verse despite being in its public pre-sale. This budding DeFi project has caught the attention of experts and investors because it uses AI and blockchain technology to offer cutting-edge tools that help streamline investing in various assets.

Although RCO Finance has multiple top-of-the-line features, the platform’s AI-powered robo advisor takes the limelight. The robo advisor distinguishes itself from traditional financial advisors by employing advanced algorithms and machine learning to offer investors data-driven investment suggestions.

This unique approach helps investors avoid investing based on cognitive biases and emotions of greed and fear. As such, investors who leverage the robo advisor’s tips can make informed investment decisions, leading to increased profits and minimized risk exposure.

The RCO Finance robo advisor eliminates intermediaries like custodians, banks, and brokers. In doing so, the robo advisor helps minimize transaction costs, often eating into investors’ profits.

Furthermore, the robo advisor can automatically execute trades across the 120,000 crypto and TradFi assets that RCO Finance supports on behalf of an investor. This capability ensures investors take advantage of every opportunity that matches their investment preferences.

RCOF Pre-Sale Poised To Generate A 1,644% ROI!

While analysts believe Cardano and Ripple are well on their way to reclaiming the $2 price range, RCOF, RCO Finance’s Ethereum token, has emerged as a noteworthy contender. Because of its strong tokenomics model, RCOF is likely to outshine these established cryptos in the race to $2.

Specifically, this Ethereum token has a maximum supply of 800 million coins and a deflationary mechanism to prevent inflation. These features offer RCOF long-term viability. Also, RCOF is bound to attract investors because SolidProof, a prominent blockchain security firm, audited its smart contract.

By September 2, RCOF was progressing with Stage 2 of its price-tiered pre-sale. Investors can now purchase this Ethereum token at $0.0344. This price is set to increase periodically until it hits the listing range of $0.4-$0.6. By soaring to $0.6, RCOF will have generated a 1,644% ROI for Stage 2 investors.

Moreover, analysts expect RCOF to surpass Cardano’s Q4 2020 to Q3 2021 3,000% surge after launching on leading DEXs and CEXs. This bullish prediction explains why you should join RCO Finance’s Ethereum token pre-sale now for a lucrative investment journey.

For more information about the RCO Finance Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

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Source: https://en.cryptonomist.ch/2024/09/03/cardano-ada-ripple-xrp-could-re-enter-2-zone/