Bitcoin (BTC) is slowly recovering from a crazy 24 hours that saw the premier cryptocurrency fall to its lowest in five months. This dip also affected all other altcoins like Ethereum.
However, a reputable trading firm has said some Ethereum altcoins, like RCO Finance (RCOF), can overcome the generally unfavorable market conditions. How will this be possible? And how can interested investors take advantage of the silver lining that RCO Finance presents? Let’s find out!
Bitcoin Falls Below $50,000 For The First Time Since February
Four days of losses since the first day of August 2024 culminated in a particularly steep dip for Bitcoin on August 5. The premier cryptocurrency briefly fell to $49,121.24, raising fears that the H1 2024 gains could get wiped out.
Analysts have pointed to the uncertainty surrounding the US macroeconomic direction over the next year because of the tight presidential race, which caused BTC’s decline in August.
Also, investors are divesting their funds from volatile assets as the political situation in the Middle East heats up. Iran and Hezbollah are planning major attacks against Israel, and investors are worried that a major conflict could disrupt domestic and international markets, leading to a global recession.
However, the immediate cause of the panic on August 5 was the Bank of Japan raising interest rates from 0% to 0.25%. Japan’s move denied investors cheap loans to purchase US assets.
Analysts expect Bitcoin to trade below $60,000 throughout August as the token continues to range, as it has since the halving.
RCO Finance: The Silver Lining In The Crypto Storm
RCO Finance is one of the Ethereum altcoins that offers investors refuge as the crypto clouds gather. It is an AI-powered decentralized trading platform that allows users to invest in real-world assets (RWAs), such as stocks, commodities, bonds, real estate, etc.
Investors can invest directly without going through brokers, and they can also use their crypto. The trading platform charges low fees, gives users autonomy, and offers up to 50x leverage.
The AI robo-advisor utilizes complex algorithms and machine-learning techniques to generate actionable insights for traders on the platform. These insights help them choose the right assets at the right time, improving profitability. It also makes trading easier to learn for beginners and reduces the time spent watching the markets.
RCO Finance also allows traders to provide liquidity for the various trading pairs for rewards. Business-minded traders can also earn interest when they lend their digital assets. They can also trade decentralized derivatives like swaps, futures, options, and ETFs.
Finally, RCO Finance has a no-KYC policy that protects customers’ privacy and anonymity. SolidProof, a top audit firm, has also audited its smart contracts.
Purchase RCOF To Safeguard Your Portfolio During The Crypto Storm
RCOF is RCO Finance’s native token, with a total supply of 800 million. 50% of the supply is allocated to public sale, 20% to ecosystem development, and 12% to liquidity/market-making. Marketing and private sales receive 5% each, the team gets 4%, while advisors and ecosystem rewards get 2% each.
You can purchase RCOF during Stage 2 of the ongoing presale for $0.0344. Early investors will benefit from an epic 1,066% surge during the presale. Buying RCOF allows you to escape the effects of the ongoing bear market, safeguard your capital, and earn huge profits.
RCOF holders also enjoy significant discounts on trading fees, can vote on governance proposals, and can stake their tokens to earn up to 88% APY interest. Finally, they are entitled to a share of the platform’s revenues as dividends, depending on the number of tokens they own.
For more information about the RCO Finance Presale:
Join The RCO Finance Community
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
