Altcoin
Shock from the main Bitcoin (BTC) traders for the possible 1,228% rally of this Ethereum token in 28 days, find out why
US jobs reports hit Bitcoin (BTC) and the rest of the major altcoins on Friday, and more users sold their tokens, compounding the bearish decline. However, the cryptocurrency giant is back up and running and BTC traders have already retraced their weekend losses.
This top trader is surprised that a token was not affected by Friday’s jobs news. He is even more so considering that the Ethereum-based coin is destined to increase by around 1,200% in a month.
Bitcoin ETFs continue to see inflows
Despite the huge drop in BTC charts on Friday, most traders held on to their tokens for good reason.
This is especially true as Bitcoin ETFs have been active in recent weeks. BlackRock’s IBIT took the top spot on the ETF list last week after receiving a deposit of 4,896 BTC during the week, and has been trending ever since.
Last week, the cryptocurrency investment sector saw inflows of around $2 billion, with Bitcoin accounting for the lion’s share, totaling $1.97 billion. Ethereum saw the largest institutional buying since March; however, ETH stole the spotlight with around $69 billion in inflows.
Investment trends have helped Bitcoin overcome its crisis 8% drop. Friday and the leading crypto coin is now trading at 0.97% in its weekly time frame. Great news for BTC and cryptocurrency traders, but they too should keep their eyes on the launch of the new RCO Finance platform on Ethereum.
Here’s more about RCOF and its features.
Get the complete Defi trading package with RCO Finance
Decentralized finance has grown beyond trading over the past decade, as NFTs, gaming, and Web3 arrive at varying intervals. Even though the commercial sector is not what it once was, RCO Finance believes it has fallen a little behind.
RCO Finance aims to become one of the top exchanges in the decentralized space and its features support that ambition. First, cryptocurrency users on RCO Finance become more than just traders; you can provide liquidity for trading pools by earning passive coin earnings from their use.
Perpetual derivatives work on RCO Finance also unlocks the full cryptocurrency trading suite. You can access ETF spot options and futures trading from your RCOF dashboard.
Now, you get full access to DeFi projects around the world and you’re in for a real treat. This time you are not limited to your region and can diversify your portfolio as much as you want. Trade your way with the AI-powered Robo Advisor to help you maximize market opportunities every time.
RCOF competes with Meme Coins in pre-sale earnings
The RCOF price prediction states that the token will reach an ROI of 1,228% in about a month, and investors across the cryptocurrency market are buying as many tokens as possible. There’s no surprise there. The market favors crypto projects with innovations and investors want to have a stake in this.
The RCOF presale is in Phase 1 of public presales, so you have all the profits to chase. Each token is selling now for $0.0127, so hurry to get yours before they go up the charts.
For further information on RCO Finance pre-sales: