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Shiba Inu (SHIB) is on the brink of a remarkable upswing, with top traders taking a bullish stance on the asset. Meanwhile, RCO Finance (RCOF) and Toncoin (TON) came into focus after the latter secured a listing on the leading cryptocurrency exchange, Binance, in a surprising move.Â
With the narratives around SHIB, RCOF, and TON shifting, it remains to be seen how they will perform in the long run.
This article provides insights into the driving forces behind the changing narratives of these top crypto coins and how they will likely react.
Shiba Inu Poses For A Rally As Indicators Roseate
In a recent tweet, reputable crypto trader and analyst Armando Pantoja hinted that SHIB is primed to boost past resistance after the emergence of a bullish RSI divergence on the SHIB/USDT perpetual futures chart.Â
Armando brought this development to light on August 6 in his post on X. He asserted that SHIB's drawdown period had maxed out, and the meme coin had entered a prime buying range.
Armando's bullish stance is predicated by a latent pattern on SHIB's chart, shaping up to be an ascending triangle, which is considered bullish. He added that monitoring the trading volume will offer a deeper insight into the asset's supposed bullishness, noting that a surge in volume amid a breakout would guarantee the asset is upbeat.Â
Chipping in, Crypto Sheriff, another Shiba Inu trader, shared a chart reflecting a 21.11% increase in SHIB's value, noting that those who bought the meme coin on August 5 had gained that much.
SHIB is up 4.21% in the last seven days, exchanging hands at $0.00001372. Armando predicted that Shiba Inu is heading to $0.001, representing a 10,000% increase in its current price. While this prediction may seem enticing, investors must do their due diligence before making investment decisions.
RCO Finance's AI-Driven Robo Advisor To Revolutionize Investment
Another player creating a buzz in the crypto sector is a new project launching on Ethereum called RCO Finance. This project has gained massive attention among crypto investors thanks to its AI-powered robo-advisor, designed to revolutionize digital asset investment.Â
While RCO Finance provides seamless access to conventional assets in the financial market, the robo-advisor offers insights into the most lucrative assets to invest in at any given period.
RCO Finance is the first fully automated trading platform on Ethereum. It uses blockchain and artificial intelligence technology to enhance users' investing experience. By leveraging blockchain capabilities, the platform guarantees transparency and complete decentralization of its KYC-free outlet.Â
Its AI tool, however, develops strategic investment plans based on individual investors' financial goals and risk tolerance and executes these plans on behalf of each investor.
The robo-advisor's machine-learning program allows it to function without human supervision and make investment calls like a professional financial adviser.Â
It understands market structures, price actions, sentiment, historical patterns, etc., and uses this data to develop predictions for any of the 120,000 assets listed on RCO Finance. To ascertain users' safety, RCO Finance underwent a full audit by blockchain security firm SolidProof.
Binance Adds Toncoin To Its Listicle Of Crypto Offerings
Binance, the largest cryptocurrency exchange, has again expanded its crypto offerings by adding the Open Network's token TON to its vast collection of assets. In a shocking turn of events, TON onboarded the exchange on August 7. As a result of this move, Toncoin added a few percentage points to its market value.
TON's successful launch hinged on the success of Notcoin (NOT), a gaming project launched on the Open Network in the first half of 2024. NOT immediately doubled in price on the heels of the launch, making it the most successful project developed on the TON blockchain. Other projects leveraging TON's blockchain capabilities include all gaming projects, including Catizen, Hamster Kombat, and Pixel Verse.
In essence, TON is leading the charge in the gaming sector, bolstering its reputation and ascension into the top 10 cryptocurrencies by market capitalization. Sitting in eighth place, TON boasts a market valuation of $15 billion, falling right behind XRP. It trades at $6.32, up 19.14% in the last seven days.
RCOF's Presale Makes The Difference In Crypto InvestingÂ
RCOF brings a sky-larking escapade to the crypto investment landscape, distinguishing itself from its budding rivals. Although still in its early stages, RCOF has captured significant interest from crypto investors. This interest is evident in its surging demand, resulting in the sale of over 50 million tokens valued at $168,000 in just a few days.
RCOF is notably ahead in Stage 2 of its presale, selling for $0.0343 per token. Its target price stands between $0.4 and $0.6, during which the token will secure a listing on top exchanges like Binance, OKX, Bybit, Kucoin, etc.Â
Reaching these price levels represents more than a 30X growth from its starting price and an 18X increase in its current price.
Hence, investors can still bag significant gains if they invest now. The project started a bonus campaign involving a 40% purchase discount for new investors. It requires users to type in the code RCOF40 when buying the token.
For more information about the RCO Finance Presale:
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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.