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The post Ripple (XRP), BONK, and PEPE Could See More Loses, Crypto Traders Hedge with Hidden Ethereum Token appeared first on Coinpedia Fintech News
As the cryptocurrency market experiences turbulence, prominent tokens like XRP (XRP), Bonk (BONK), and Pepe Coin (PEPE) are facing a bloodbath.
In response, savvy crypto traders seek safer alternatives to hedge their investments. One such option gaining traction is RCO Finance (RCOF), a lesser-known Ethereum-based token. Let’s find out why.
Amid Recent Downtrend, XRP Community Leader Exposes Misinformation
On August 14, 2024, a leading figure in the XRP community, Eri, called out certain crypto publications for spreading misleading content aimed at XRP investors.
Eri, who hosts one of the top crypto YouTube channels, criticized these outlets for promoting questionable tokens like CFT by publishing deceptive reports.
She highlighted a recurring false narrative that claims the UAE and India are using XRP for oil trading instead of the U.S. dollar. This story has circulated without credible evidence for over three years.
Eri also exposed a false report claiming JPMorgan accepted XRP for credit card and mortgage payments. Other crypto community members supported Eri’s concerns, expressing frustration over the damage such misinformation causes to XRP’s reputation and the risks it poses to investors.
Meanwhile, data from Coinmarketcap shows that XRP has dropped from last week. XRP is trading at $0.565, a 3.60% decline from last week.
Consequently, some experts are skeptical as XRP is trading near the 20-day EMA at $0.57, indicating that it could swing either way. If the market turns bearish, XRP could fall as low as $0.540.
Baseball United Partners with BONK DAO for 2025 Season Amid Volatile Market Conditions
On August 16, 2024, Baseball United, the pioneering professional league centered on the Middle East and South Asia, announced BONK DAO as the official presenting partner for its inaugural 2025 season.
This partnership marks a significant step for the Dubai-based league as it prepares to launch the region’s first major baseball competition.
Despite this news, BONK has been on the decline recently. According to data from Coinmarketcap, the price of BONK is currently 14.09% down from last week, trading at $0.0000176.
Even with the BONK’s decline, trader interest is increasing. The MACD technical indicator also shows that BONK may soon experience a breakout to $0.0000218 in the coming weeks.
On the other hand, some experts have adopted a pessimistic outlook on BONK because the Relative Strength Index (RSI) remains below its neutral line at 40. Hence, they believe BONK could drop to $0.0000167 soon.
Whale Traders Secure Gains Amid PEPE’s Market Struggles
Recently, several whales have been cashing out their substantial holdings, converting their digital assets into significant profits. This trend reflects a broader movement among large investors to secure gains in a volatile crypto market.
On August 14, data from Lookonchain revealed that one prominent trader sold off 420 billion PEPE tokens, raking in $3.16 million. Despite the impressive sale, the trader’s profit margin was relatively modest, earning just $30,000 after purchasing the tokens earlier in the month for $3.13 million.
This move underscores the cautious approach some investors are taking. They opt to take profits amid fluctuating market conditions rather than hold out for potentially higher gains.
Meanwhile, PEPE has been struggling in the market. Its price is currently at $0.00000719, a 14.73% decline from last week.
Some analysts still expect Pepe’s struggles to continue because of the recent breakdown from the symmetrical triangle in a large red candle. This means a bearish breakout is in the offing, and PEPE could drop as low as $0.00000680 soon.
RCO Finance And Its Robo Advisor Sparks Investor Interest
RCO Finance is making waves in the entire crypto world with a fresh and distinct vision for decentralized finance. Unlike most other projects, which merely replicate existing models, RCOF aims to deliver exceptional financial solutions that will adapt to its users’ evolving needs.
Recent analyses have highlighted RCOF as a promising investment, particularly with its ongoing token presale. Its strategic roadmap and community-centric approach have caught the eye of both retail and institutional investors.
RCO Finance (RCOF) has set itself apart thanks to its powerful AI capabilities, driven by cutting-edge machine learning algorithms. The platform offers a robust AI-powered robo-advisor tool that analyzes market data, giving traders and investors a crucial edge in their decision-making.
Leveraging machine learning applications, the robo-advisor crafts personalized investment strategies by analyzing historical data, market trends, and global news events. This helpful tool supports users in making informed decisions by offering insights tailored to their financial goals and risk tolerance.
Moreover, RCO Finance integrates an AMM through the robo-advisor, streamlining trading and eliminating the need for manual interventions. This level of automation minimizes the impact of human emotions and errors, resulting in more consistent investment outcomes.
By democratizing access to advanced trading tools typically reserved for professional investors, RCO Finance makes sophisticated trading strategies accessible to all, reducing the costs and complexities associated with market analysis.
RCOF Aims for a 1,500% Surge Following the Launch of Stage 2
While Ripple Labs’ XRP, PEPE, and BONK remain solid long-term investments, investors increasingly focus on RCO Finance’s native token, RCOF.
The token is gaining significant attention due to its deflationary nature and limited supply of 800 million coins. Additionally, SolidProof has audited RCOF’s smart contract, further enhancing investor confidence.
As of August 15, RCOF is progressing through Stage 2 of its pre-sale. Investors participating in this stage can purchase the token at $0.0344, with the potential for a 62% return on investment (ROI) when RCOF enters Stage 3 at $0.0558.
Moreover, Stage 2 investors could see their holdings appreciate by 1,500% when RCOF reaches its listing price, estimated to be between $0.4 and $0.6.
This impressive growth potential highlights why now is the opportune time to participate in the RCO Finance pre-sale for a rewarding investment journey.
For more information about the RCO Finance Presale:
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