Over the past week, the XRP price has performed dismally, recording massive losses. This plunge came after the XRP ledger went offline, halting block production. As a result of this hitch, Ripple investors started eyeing new tokens to hedge against losses. This explains why RCO Finance (RCOF) is growing rapidly during its presale.
Will the XRP price rebound soon, and why is RCO Finance (RCOF) pumping despite the bearish trend in the crypto market? Read on to find out!
XRP Price Plunges 21% In A Week: What’s Coming Next?
XRP has performed dismally over the past week, plunging by double digits. On February 1, the XRP price was hovering around $3.10. After holding this level for two days, the XRP price tanked on February 3 after Bitcoin (BTC) fell as low as $91,242, triggering a marketwide crash.
This downtrend intensified after the XRP Ledger went offline after experiencing technical difficulties on February 4. While Ripple Labs addressed this issue swiftly, Ripple traders had already started liquidating their holdings to minimize losses. By February 8, the XRP price had stabilized at around $2.44.
This price means XRP has dumped 21% of its value over the past week. However, experts foresee the XRP price rebounding soon after the CBOE BZX exchange filed for spot XRP ETFs with the SEC on February 7. Experts foresee the XRP price rising sharply if the SEC approves these applications.
RCO Finance: Taking Investing To The Next Level With AI Tools
The XRP price tanking has seen investors migrate to RCO Finance to diversify their portfolios and prevent further losses. This budding DeFi platform has gripped the crypto community because it supports 120,000 assets. These assets span 12,500+ classes, including crypto, FX, and tokenized real-world assets (RWAs).
RCO Finance lets you tweak your investment portfolio as needed through this assorted asset offering. For instance, you can use a crypto-only approach or combine altcoins with decentralized derivatives and illiquid RWAs like real estate and commodities.
However, the highlight of the RCO Finance ecosystem is its AI-powered robo advisor. This tool is causing a stir in the crypto-verse because it is the only 100% AI-powered trading tool in the crypto space. Specifically, the robo advisor runs on machine learning and algorithms.
This AI-powered design enables the robo advisor to analyze market data from renowned sources like Bloomberg and Reuters in real time. After gleaning actionable data, the robo advisor offers custom investment recommendations to help you make informed financial decisions.
Notably, these recommendations are pegged on your risk profile and financial goals. This means the robo advisor can suggest buying XRP’s dip now, seeing as Ripple’s case against the SEC is almost winding up, with the former currently having the upper hand. The robo advisor can also tell you when to exit your position.
This data-driven investment approach significantly increases your chances of making lucrative trades and minimizes risk exposure. As such, you no longer have to invest based on emotions like greed and fear.
Other than its robo advisor, RCO Finance has solidified its position as a top investment platform because it allows non-KYC onboarding. Also, this platform offers DeFi features like staking, lending, up to 1,000x leverage, and non-KYC debit cards.
Notably, RCO Finance has already rolled out its beta platform. RCO Finance achieved this feat during its presale, making it a remarkable DeFi platform. Thus far, this platform has already onboarded over 10,000 users. With more developments coming before the alpha launch, this number is set to increase significantly.
RCOF’s Presale Is Quickly Selling Out: Huge ROIs Coming
As the XRP price grapples with the bearish pressure in the crypto market, Ripple investors are embracing RCOF to stay profitable. Investors are actively buying this AI altcoin because the smart contract audit conducted by SolidProof, a leading blockchain security firm, proved it is a safe investment.
RCOF also presents itself as an alluring investment because of its tokenomics model. Specifically, RCOF is a deflationary token with a maximum supply of 800 million coins. This tokenomics structure positions RCOF for massive growth as the RCO Finance ecosystem expands.
Moreover, this AI altcoin has exhibited rapid growth during its presale. As of February 8, RCOF was in Stage 5 of its presale. RCOF’s price during this stage is $0.1. When RCOF enters Stage 6, its price will climb to $0.13, with more gains coming as this altcoin inches closer to its listing price of $0.4-$0.6.
On top of this, experts predict that RCOF will surge 17,500% in February, mirroring XRP’s 47,400% climb in 2017. This bullish forecast explains why you should add XRP to your investment portfolio today!
For more information about the RCO Finance (RCOF) Presale:
Visit RCO Finance Presale
Join The RCO Finance Community
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Source: https://blockonomi.com/why-is-the-xrp-price-down-today-traders-keep-an-eye-on-this-ripple-rival-set-for-17500-run/