The crypto market has been decidedly bearish for the past month, and Bitcoin (BTC) has been the target of many sell-offs. Analysts indicate that the token is looking at a capitulation in the coming weeks, similar to that of 2022. In other words, there’s even more bearishness for the BTC price.
Luckily, the meme coins will be sitting this round of downtrends out, as reports indicate BONK is on to revived profits. And, of course, RCO Finance (RCOF) is basking in the spotlight–investors can’t seem to wait for the presale to end.
What’s Bitcoin’s capitulation? How does it not affect BONK and RCOF?
Bitcoin Set for More Short-Term Dips
The Bitcoin token charts show signs of a capitulation uncannily similar to the dips that followed the FTX collapse in late 2022. Bitcoin’s miners are selling off to stay in business, and the BTC price is about to take a huge hit.
In simple terms, miner capitulation is about selling their BTC reserves or significantly reducing their operations to ‘stay afloat.’ CryptoQuant’s analysis shows that the capitulation started in June and will only get worse in the short term.
Miners have not been gaining since Bitcoin halved in April, and the capitulation is their way of waiting for the bearish market out. In other news, Bitcoin’s price is 9% up from its Friday lows, as the German government took back some of its sold-out BTC tokens, about $111 million worth.
It may not be enough for the top crypto coin.
Bonk Is Moving for a Token Rally?
The Bitcoin bears were in full force last week, and the meme coins were sucked into the downtrends with little choice. But by Friday, the Solana meme coins WIF and BONK were already resisting the pressure.
BONK pulled back up from 15% losses on Friday with an 18% surge, and it has been holding on to the trend since. A rise in social dominance has saved the BONK price, as the token topped the profits with another 15% pump by Saturday.
Meme coins are strongly tied to Bitcoin’s price movements, but BONK has quickly resisted it. Already, investors are hopeful that the recent volatility on the charts will lead to an altcoin rally soon.
And there you have it. The meme coins are pulling out of Bitcoin’s market-wide slump, but here’s one token that never succumbed to the pressure.
RCO Finance is offering profits and more; watch out for more on the RCOF protocol.
Navigate the Market Like a Pro: Sign up With RCO Finance Today!
The crypto market is filled with innovation from the DeFi sector, and the tokens are not stopping soon. RCO Finance is another product of cutting-edge technology, and its applications in digital trading are very promising.
How so? First, the platform features Robo Advisor, an AI program that leverages machine learning to improve traders’ experience and profit potential. The algorithm studies your trading at the start, learning your preferences, like how much risk you would like to take and how much profit you would typically take on a trade.
Information like that enables Robo Advisor to offer very specific trading tips to its users. For an XRP/TRX pair, you would get specific entry and exit points on the trade instead of simple bearish and bullish tips. Moreover, the entry and exit points will be based on your trading behavior, as studied by the Robo Advisor.
RCO Finance is well aware of the many risks of trading in contemporary times, and smart contracts are almost a no-brainer addition to its platform security. SolidProof has also audited the smart contracts, so users can rest assured of safe, reliable trading from RCOF.
Buy RCOF Tokens Today!
RCO Finance is gaining ground among DeFi traders, apart from the Robo Advisor and its use cases. There’s a token-burning event planned to mop up inflation and create a high demand for the token and the lure of the presale to draw in investors.
RCOF tokens are worth a mere $0.0127 each but come with a 3000% presale ROI. That’s $30,000 on a $1,000 investment in the next few months.
The ROI drops per presale stage, so you should hurry to get your RCOF tokens for maximum gains.
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.
