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Investors are reeling from liquidated positions as the crypto market nosedives, led by Bitcoin’s (BTC), fall to its lowest price in almost six months. However, RCO Finance (RCOF) has remained bullish despite the market slump.
Why is RCO Finance standing strong? And how can interested investors benefit from RCOF’s resilience? Let’s find out.
Bitcoin Falls Below $50,000 As The Crypto Market Loses $70 Billion
August 4 and 5, 2024, will forever remain etched in crypto lore. Over these two days, Bitcoin and other cryptocurrencies suffered devastating losses. At some point on August 5, BTC traded at $49,121.24, its lowest price since the middle of February.
Analysts blame uncertainty about the US elections and interest rate fluctuations in Japan. After Biden’s disastrous performance in a presidential debate on June 27, most observers believed that Trump had become the favorite to win.
However, Vice President Kamala Harris’s candidacy after Biden’s withdrawal from the race has eaten into Trump’s support, making the election outcome, and consequently, the macro-economic direction of the US government for next year, uncertain.
The Bank of Japan also raised its interest rate from 0% to 0.25%. Japan's action directly affected both the price of Bitcoin and the US stock market because traders were using cheap interest rates to borrow Japanese yen to purchase assets in the US market.
Some analysts say this BTC slump could last another two months. According to them, BTC’s historical breakout point is 150 to 160 days after halving, and we are currently at 110 days after the last halving. Therefore, BTC might remain below $60,000 throughout this period.
RCO Finance To The Rescue As The Crypto Market Bleeds
RCO Finance has remained constant despite the ongoing crypto slump. This is because of its ongoing presale. Investors can participate in the presale now and earn over 10x their initial investments when it ends. This massive gain has made RCOF, RCO Finance’s native token, one of the most sought-after in this period of crypto liquidations.
Interestingly, RCO Finance attracts investors with much more than presale profits. The project’s major offering is its AI-powered decentralized trading platform that allows users to trade real-world assets (RWAs) directly with their crypto tokens. This platform eliminates brokers, charges low fees, provides up to 50x leverage, and gives traders full control of their activities.
Also, the AI robo advisor utilizes advanced algorithms and machine learning techniques to generate trading insights that improve traders’ success. These insights help traders invest in the right asset at the right time. It also reduces the time spent watching the markets and flattens the learning curve for beginners.
The RCO Finance ecosystem also contains other fantastic features like the debit card. This card is linked to ownership stakes in DeFi protocols and exchanges. It facilitates seamless crypto transactions across the decentralized and traditional financial spaces.
Furthermore, RCO Finance allows users to lend their tokens and earn interest. They can also provide liquidity for trading pairs and earn rewards.
Finally, users are protected by a no-KYC policy, and SolidProof, a reputable third-party auditing firm, has audited the smart contracts that power the protocol.
Buy RCOF To Safeguard Your Investments
RCOF is RCO Finance's native token, with a total supply of 800 million. Half of this goes to public sale, 20% is for ecosystem development, and 12% is for liquidity/market-making.
Private sales and marketing get 5% each, while 4% and 2% are earmarked for the team and advisors. Ecosystem rewards receive the last 2%.
The token is sold for $0.0343 in Stage 2 of the ongoing presale. Investors who buy now earn an epic 1,066% when the token launches at $0.40.
Other advantages of holding RCOF include lower trading fees and voting rights on governance proposals. Holders can also stake their tokens and earn up to 88% APY.
Finally, depending on the number of tokens held, investors will earn between 1% and 6% of their holdings as dividends.
Therefore, RCOF’s presale pump and other perks make it the preferred choice during this bear market.
For more information about the RCO Finance Presale:
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Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.