Top Altcoins TRON (TRX) and Ripple (XRP) Fail to Breakout, Traders Seek Profitable Alternatives
Grigory Pudovsky
Posted: September 13, 2024 at 9:52 AM Updated: September 13, 2024 at 9:52 AM
Top altcoins TRON (TRX) and Ripple (XRP) have hit a wall in their attempts to break out of key resistance levels. Both tokens have been closely watched due to several trends and indicators. However, recent price action suggests a period of consolidation rather than explosive growth.
As a result, many investors are now exploring other altcoins. One such option is RCO Finance (RCOF), a new DeFi cryptocurrency that is gaining popularity in its ongoing presale.
RCO Finance Launches AI Robo Advisor
On the other hand, RCO Finance (RCOF) has thrived despite the decline in the live cryptocurrency market. Having a solid tool can help your investment strategy in uncertain times.
Imagine having a skilled financial analyst monitoring the markets 24/7 and providing tailored recommendations on areas of interest.
With RCOF AI Robo AdvisorUsers can receive personalized financial advice. By developing high-performance algorithms combined with machine learning, RCOF analyzes large-scale market data to identify trends and opportunities that should be more easily visible, ensuring that investments are data-driven decisions that are appropriate for the prevailing market conditions.
The key advantage is the ability to operate 24/7, monitor the cryptocurrency markets, and execute trades according to pre-determined strategies. Investors do not have to wait around for their investments to grow, leaving them with more time for other efforts.
But the most important thing is that only RCO Finance customers can enjoy these benefits at the lowest prices.
You can also rest assured that your funds are safe, knowing that the platform’s smart contracts are regularly audited by leading security firm SolidProof. There has never been a better time to make money and turn a losing portfolio into a profitable one in the current cryptocurrency market climate.
TRON (TRX) starts on a slippery slope
TRON (TRX) is down 3.3% over the last 14 days, which is consistent with the total net outflow of -$5.24 million last week, according to recent statistics.
TRON (TRX) has a market cap of $13.1 billion, but its value has been steadily declining since its all-time high of $0.1685 last month.
Moreover, technical indicators are currently pointing to a bear-neutral outlook, and momentum is hampered by market volatility. Retail investors are becoming increasingly skeptical of this DeFi coin, as evidenced by the declining 24-hour trading volume.
Ripple (XRP) is struggling to breakout as traders look for alternatives.
In recent weeks, Ripple (XRP) has failed to break out despite market expectations. Ripple (XRP) remains one of the best altcoins, but recent technical indicators consistently show a lack of upside momentum.
Last month, the price of Ripple (XRP) fell 4% as it struggled to overcome a key resistance level.
XRP’s RSI indicates uncertainty among traders who are waiting for a clearer signal before making a significant move. XRP’s 200-day moving average also remains below its 50-day moving average, indicating potential short-term downside pressure.
RCOF pre-sale process up to stage 2
Amid the ongoing downtrend of TRON and Ripple, the second phase of the RCOF presale is currently underway. $0.0344 Per token. The RCO Finance presale has been incredibly successful, with over 84 million presale tokens already sold, raising nearly $2 million.
Analysts have predicted a significant surge after the official launch of RCOF, with the token price estimated to be between $0.4 and $0.6, which could outperform the gains made by early pre-sale participants on TRON since the beginning of the year.
By participating in the RCO Finance ecosystem, investors will have access to a variety of attractive incentives. These benefits include additional RCOF tokens, reduced trading fees, tier-based rewards, and voting rights.
To further encourage participation, RCOF is offering a generous 50% bonus when purchasing tokens. 100 thousand dollars Cash prizes are worth a lot!
For more information about the RCO Finance (RCOF) presale, please see:
RCO Finance Pre-sale Visit
Join the RCO Finance Community
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About the Author
Gregory, a digital nomad from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With his extensive experience in the financial industry, his insights and expertise have been recognized by numerous publications. In his free time, Gregory is currently devoting his time to writing books on cryptocurrencies and blockchain.
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Gregory, a digital nomad from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With his extensive experience in the financial industry, his insights and expertise have been recognized by numerous publications. In his free time, Gregory is currently devoting his time to writing books on cryptocurrencies and blockchain.