‘Studio Karaoke App in My Hand’ SOMESING Beta Service Successfully Launched

ByClark

Cryptocurrency markets are seeing renewed optimism as Cardano (ADA) and Sui (SUI) approach $1. The surge in confidence among holders reflects broader market dynamics, with investor sentiment and network development playing a significant role in price movements.

As ADA and SUI gain traction, their potential upside could have significant implications for related projects, including: RCO Finance (RCOF).

Let’s take a closer look at what’s driving the renewed confidence in ADA and SUI, and see how RCO Finance can benefit from this trend.

Cardano’s resilient long-term investors suggest stability amid market challenges

On Wednesday, August 14, 2024, IntoTheBlock reported that a core group of long-term investors in Cardano (ADA) remain firm, suggesting that despite the current challenging market conditions, the cryptocurrency may still have significant growth potential.

The company emphasized that the number of unique addresses holding Cardano has remained relatively stable at around 4.45 million for more than a year. This consistency suggests a period of stabilization after the sharp increase in address growth during the last bull market, which saw the Cardano price reach an all-time high of $3.10 in September 2021.

Meanwhile, Cardano has been showing a negative trend recently, according to Coinmarketcap. dataADA is trading at $0.336, down 4.63% from last week.

Despite this negative trend, indicators suggest that Cardano’s price is likely to rise further. The Keltner Channels (KC) indicator shows significant resistance at $0.35 and support at $0.28. If the price breaks above the upper KC band at $0.35, a bullish trend could begin, with the price likely to rise to $0.45 in a few weeks.

Grayscale Adds Sui (SUI) to Portfolio, Highlighting Huge Potential

On August 7, 2024, Grayscale Investments, a leading cryptocurrency asset management firm, Expanded The portfolio has been expanded with the launch of two new cryptocurrency investment trusts, one of which adds Sui (SUI) to its product lineup.

The newly launched Grayscale Sui Trust is specifically designed to invest in SUI, the native token of the Sui blockchain, a layer 1 blockchain that is gaining attention for its strong support for decentralized applications (dApps).

According to Coinmarketcap data, SUI has seen a slight increase in its value. SUI is currently trading at $0.935, up 9.40% over the past week.

Conversely, some experts are bullish on SUI due to the recent increase in total value unlocked (TVL). With the growing interest, SUI’s price could surge to $1.10 in a matter of weeks.

RCO Finance’s AI and Blockchain Platform Rising in Popularity

RCO Finance is a new DeFi project that has quickly risen in the rankings thanks to its goal of simplifying the investment process. RCO Finance is also gaining attention as an innovative platform that utilizes AI and blockchain technology.

This combination of cutting-edge technologies has kept RCO Finance ahead of its competitors and has contributed to the company’s rapid expansion.

In particular, AI provides unparalleled automation to RCO Finance, while blockchain ensures security, transparency, and seamless interoperability. However, the standout feature of RCO Finance is AI-based robo-advisor.

This robo-advisor uses cutting-edge algorithms and machine learning, making it one of the true AI-based trading tools in the crypto space.

Through robo-advisors, investors receive personalized data-driven investment recommendations. Specifically, RCO Finance robo-advisors assess investors’ risk tolerance and financial goals, adjust them to current market conditions, and suggest profitable investment opportunities.

These strategies help investors avoid cognitive biases and emotions of greed and fear, which often lead to losses.

Moreover, RCO Finance robo-advisor charges lower fees than traditional financial advisors, giving investors access to professional investment management tools at an affordable price.

RCO Finance robo-advisor also provides free tax and financial legal advice to help investors optimize their strategies while remaining compliant. These features make RCO Finance’s native token, RCOF, a popular choice for ADA and SUI investors looking to diversify their portfolios.

Buy RCOF now and enjoy huge profits

Recall The native token of the RCO Finance protocol, with a total supply of 800 million tokens. 50% of these are allocated for public sale, 20% for ecosystem development, and 12% for liquidity and market making.

Additionally, 5% of the RCOF supply is allocated to individual sales and marketing, while the team and advisors receive 4% and 2% respectively. The remaining 2% is set aside for ecosystem rewards.

RCOF tokens can be purchased through the official website during the ongoing presale period, Phase 2. The token prices are as follows: $0.0344 At this stage.

Investors who buy RCOF in Phase 2 will see significant returns. The token is expected to launch at $0.40, which could potentially yield a return of 1,066%. In contrast to tokens like SUI and ADA, which have fallen in price, RCOF offers an attractive opportunity for value preservation.

In addition to potential profits, holding RCOF provides additional benefits, including voting rights on governance proposals and significant discounts on trading fees.

Token holders can earn additional benefits by staking RCOF tokens, earning up to 88% APY. They can also receive a portion of the platform’s profits as dividends, depending on the tokens they hold, ranging from 1% to 6%.

Investing in RCO Finance allows you to grow your cryptocurrency portfolio alongside other smart investors, even during general market downturns.

Here are the details on the RCO Finance presale:

RCO Finance Pre-sale Visit

Join the RCO Finance Community

Clark

Chief Technology Officer.