Ethereum
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Published
2 months agoon
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adminAug 3, 2024 14:38 UTC
| Updated:
Aug 3, 2024 at 14:38 UTC
By Clark
After issuing a Shiba Inu (SHIB) price prediction that played out veraciously, a Solana (SOL) millionaire has forwarded a bold claim, asserting that RCO Finance (RCOF), an emerging cryptocurrency within the Ethereum network, is poised to experience a parabolic shift.
Due to fluctuating market conditions, this forecast comes amid growing skepticism amongst crypto investors. Let’s discover why this expert is optimistic about RCO Finance (RCOF).
Solana Millionaire Endorses RCO Finance Due To Its AI Advantage
A Solana millionaire has declared RCO Finance (RCOF) one of the best altcoins to invest in. He believes RCOF is on the verge of an astronomic surge, urging investors to cash in on the anticipated price increase.
Having made a similar projection about Shiba Inu, which was followed by a 244% increase in SHIB’s value, his RCOF price prediction seems plausible.
Moreover, RCO Finance’s fundamentals, utility, and community support backs this claim. As a decentralized trading platform, RCO Finance sets itself apart by integrating sophisticated technologies that position it ahead of the competition. One such technology is an AI-powered robo-advisor.
The robo-advisor is a cutting-edge AI-driven tool developed with a machine-learning algorithm that can function without human intervention. Integrated into RCO Finance, users can invest in a portfolio of digital assets without directly engaging with the market. The robo-advisor can not only execute trades on behalf of an investor but also develop a portfolio suitable for the investor’s financial goals and risk appetite.
It can spot trends, patterns, market structures, and price actions and make predictions based on this information, allowing investors to make informed investing decisions.
With over 120,000 digital assets offered on RCO Finance, the robo advisor is an investor’s best bet for identifying profitable assets to invest in due to its fast-paced response. This feature has increased its adoption rate among institutional investors and retailers, resulting in its constant endorsement.
RCO Finance: An All-inclusive Trading Platform
RCO Finance features over 12,500 asset classes, comprising stocks, shares, cryptocurrencies, derivatives, ETFs, and real-world assets. Each of these financial instruments is tradable and storable on a single interface. This all-encompassing feature enables investors to diversify their portfolios across multiple asset classes.
Investors can trade each of these assets with subsidized fees. Unlike other DeFi platforms, borrowing and lending attract infinitesimal rates.
By designing a user-friendly interface, going through a thorough examination by notable firms, such as SolidProof, and precluding Know Your Customer (KYC), the platform showcases its commitment to accessibility, security, and privacy. Upon launch, its operations will be by the EU MiCA standard protocol, with the European Securities Commission providing full oversight.
RCOF Offers An Avenue To Generate Passive Income
RCO Finance offers users numerous streams of income, one of which includes investing in RCOF. Some benefits of investing in RCOF are access to priority customer support, governance voting rights through staking, and reduced trading fees.
Also, the platform adopted a community-centric strategy that involves access to airdrops, debit cards for spending profits in a real economy, and tier-based rewards for generating passive income.
The Ethereum token, RCOF, is currently available at $0.0127 per token in Stage 1 of its public presale. Experts speculate the token will list between $0.4 and $0.6, potentially attracting a 5,000% profit to investors.
In other words, investors can multiply their funds fifty-fold through RCOF’s presale; i.e., a $1,000 investment could easily become $50,000 when the Ethereum token launches.
Its robust tokenomics and growing adoption amongst institutional investors guarantee sustained growth and stability in the long Run. Although this opportunity is open to everyone, those who act fast and join now will milk it to the core.
For more information about the RCO Finance Presale:
Join The RCO Finance Community
Clark
Head of the technology.
#Press Release
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Recent Ethereum price action saw ETH reaching another low of $2,150 on September 6, raising concerns of a more severe drop towards the $2,000 price level. Although these concerns were eased with a subsequent bounce to $2,460 on September 13, Ethereum remains largely in a downtrend, with a triple-bottom price formation now shaping up.
Interestingly, this triple bottom formation is not new for Ethereum. As technical analysis points out, the current price action seems to repeat a similar playout in mid-2021.
Ethereum Fractal Suggests Rally In Q4
According to a technical analysis by crypto analyst CryptoBullet on social media platform X, Ethereum is shaping up to form a triple bottom price formation on the 1D candlestick time frame. While the third bottom has yet to be fully completed, the analyst draws attention to a similar pattern that unfolded between June and August 2021.
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During those three months, Ethereum’s price fluctuated up and down to create three distinct lows just above the $1,675 mark. After the third low was established, Ethereum experienced a significant bullish rally that propelled it to break through and establish its current all-time high. This upward movement became even more pronounced after a fractal pattern emerged in August 2021, signaling a strong momentum shift.
Recent market dynamics have prompted Ethereum to create two bottoms of around $2,150 in August and September. Interestingly, a recent rejection at the $2,450 resistance has seen Ethereum pushing on a decline. This has prompted analyst CryptoBullet to highlight the possibility of a third low in October, thereby completing the triple bottom formation.
Price formations in cryptocurrency markets are known to repeat over time, often following patterns that can help traders anticipate future movements. While no two market conditions are exactly the same, studying past price movements provides valuable insights into what may happen in the future. A similar playout of the 2021 price action puts on a similar surge for Ethereum in Q4 2024. Notably, the analyst envisioned a rally towards the $3,700 price level.
What’s Next For ETH?
At the time of writing, Ethereum is trading at $2,320 and continues to exhibit a weak short-term outlook. If Ethereum fails to clear the $2,340 resistance, it could start another decline towards $2,150.
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This weak performance and outlook are even more pronounced compared with Bitcoin. As such, Ethereum/Bitcoin is now at its lowest level since April 2021, a staggering 41-month low. Most of this lackluster action has also been exacerbated by selloffs from a few large holders. For instance, Ethereum co-founder Vitalik Buterin recently came under scrutiny for selling $2.2 million worth of Ethereum.
Featured image created with Dall.E, chart from Tradingview.com
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Bitcoin
‘It’s Almost Over’ – Analyst Benjamin Cowen Predicts Ethereum Bottoming Out Against Bitcoin
Published
17 hours agoon
September 18, 2024By
adminPopular crypto analyst Benjamin Cowen thinks Ethereum (ETH) is close to bottoming out against Bitcoin (BTC).
Cowen tells his 856,500 followers on the social media platform X that he thinks the ETH/BTC ratio will bottom out between 0.03-0.04 BTC and then trend up next year.
“It could bottom as early as this week or as late as December. Based on prior capitulations, I think it will happen sooner rather than later…
More people need to understand that ETH/BTC is not equivalent to ETH/USD. Last cycle, ETH/USD kept dropping even after ETH/BTC bottomed. But whenever ETH/BTC does find its cycle low, it should correspond with at least a temporary bounce for ETH/USD.”
Cowen compares the current ETH/BTC chart to the relationship between the top two crypto assets back in 2019.
“While ETH/BTC bottomed shortly after the 1st rate cut in 2019, ETH/USD trended down until [end of year].”
Cowen has been on target with ETH/BTC this year.
ETH is trading at $2,326 at time of writing. The second-ranked crypto asset by market cap is up more than 1.5% in the past 24 hours.
BTC is trading at $60,252 at time of writing. The top-ranked crypto asset by market cap is up more than 3% in the past day.
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Ether-Bitcoin Ratio Drops to Lowest Since April 2021. Here’s Why It Matters
Published
3 days agoon
September 16, 2024By
adminAnalysts suggest the ETH/BTC ratio might drop further, potentially to the 0.02-0.03 range, unless there’s a significant change in investor sentiment or regulatory clarity that might favor riskier assets.
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