Popular Dogecoin (DOGE) killer Shiba Inu (SHIB) has initiated a race towards the $1 mark after the pseudonymous Shiba Inu lead developer announced an important ecosystem development that could propel SHIB’s price upward.
However, a contender from the Ethereum blockchain, RCO Finance (RCOF), has emerged to challenge SHIB for the $1 price point.
Let’s determine which of these top crypto coins will hit $1 first.
Dogecoin Plummets Despite Musk’s Legal Win
DOGE’s value continues to shrink despite Elon Musk, CEO of Tesla and X, winning the latest lawsuit brought against him regarding manipulating the flagship meme coin’s price.
Musk was indicted for manipulating the price of DOGE using his social media influence on X. However, a Manhattan judge permanently dismissed the case on August 30.
Meanwhile, on-chain analytic platform Santiment recently shared a report showing an increase in DOGE’s social dominance to a three-month high. This data indicates that the meme coin is gaining massive traction across social media platforms. In addition, active Dogecoin addresses have also peaked at a two-week high.
Conversely, CoinGlass’s Liquidation Heat Map data shows that DOGE traders have taken a bearish stance, citing the rise in short positions to long.
Open Interest data reveals that DOGE traders are increasingly closing their long positions and taking a short stance instead. Meanwhile, DOGE is exchanging hands at $0.100, down 6.64% in the last seven days.
Shytoshi Kusama Points At Shiba Inu’s New Move In Gaming Sector
Pseudonymous Shiba Inu lead developer Shytoshi Kusama has commented on the recent rebranding of the official Shiba Eternity Game X account. Taking to his X handle on August 28, Shytoshi embraced the change, hailing it as an “epic” move. Notably, the account’s name was changed from @shibaeternity to @playwithshib.
Consequently, Shiba Eternity, now Play With Shib, will no longer focus on Shiba Eternity alone. Rather, it will expand its horizon into the hemisphere of the gaming world, further past its first NFT card games for smartphones.
Late in July, the Shiba Eternity team announced plans towards leveraging layer-2 blockchain Shibarium to build more games.
Lucie, Shiba Inu’s marketing lead, teased Shiba Eternity’s transition from Web2 to Web3 early in August. The name update marked the first step towards achieving this motive. Some experts claim updates such as this could inevitably push SHIB to $1 shortly, indicating a 7,142,757% increase in its current price of $0.0000145.
RCO Finance has joined Shiba Inu in the race towards the $1 mark, but the former has exhibited the potential to hit this price point before the latter. One factor driving RCO Finance’s growth is the rapid adoption of its AI tool.
The AI-powered robo-advisor is a self-operating trading tool integrated into RCO Finance to help users navigate the volatility of the crypto market.
The robo-advisor uses data on each user’s financial goals and risk appetite to develop investment strategies that appeal to their needs. Its roles are coalescent to those of a financial expert, such that it can single out high-potential investment ventures from the market and mark out the best time to open or close a position based on them.
Given its machine learning programming, it can analyze market trends and changes to spot opportunities, saving investors a lot of time and energy on prolonged analyses and strategy backtesting.
As a trading outlet, RCO Finance grants users access to over 120,000 digital assets, from which the robo advisor can select the most lucrative ones to trade at its discretion.
Whether stocks, derivatives, real-world assets, commodities, exchange-traded funds, or any of the 12,500 asset classes listed on RCO Finance, investors can create a diversified, profitable portfolio around these selections with the robo-advisor’s assistance.
Users may also use RCO Finance’s debit card to trade with fiat or swap these assets with cryptocurrencies.
In addition to trading, RCO Finance users allow DeFi enthusiasts access to a liquidity pool to stake their assets for high returns, borrow and lend, and farm yields.
Due to its decentralized nature, RCO Finance took the no-KYC approach to protect users’ identities and privacy. Its smart contract was audited by a leading security firm in the blockchain industry, SolidProof, in case of hidden weaknesses in its codebase.
RCOF’s Presale Running Towards $0.4
RCO Finance has a native token that doubles as its governance token. The token, RCOF, is currently in its presale, granting backers of the trading platform early access to make a profit. With the presale gaining traction, RCO Finance has generated almost $2 million from the sales of RCOF.
The token is now selling for $0.0343 in Stage 2 of its presale. From this price level to its target of $0.4, the increase is 1,000%. However, experts believe RCOF could easily achieve another 149% jump from its listing price of $0.4 to the $1 price level.
However, to enjoy the gains from these potential moves, the best time to buy RCOF is now.
For more information about the RCO Finance Presale:
Visit RCO Finance Presale
Join The RCO Finance Community
Source: https://coinpedia.org/press-release/shiba-inu-aims-for-milestone-but-rco-finance-could-get-there-first/