Altcoins
Analyst Discovers Critical Bullish Pattern for Ripple (XRP) and Ethereum Altcoins That Led to 1,252% Rally
A crypto expert has observed an impending repeat of historic price action that saw XRP skyrocket significantly in 2017. This price growth is expected to manifest among Ethereum altcoins such as RCO Finances (RCOF).
As the cryptocurrency bull run continues, it is worth knowing whether this XRP price prediction will come true.
This article will explore the potential of XRP and RCOF to stage the projected rally.
Analyst Hints at Possible Recap of XRP’s 1,252% Rise in 2017
Blockchain Backer, a well-known YouTuber and crypto evaluator, has highlighted a possible reiteration of an uptrend seen on the 2017 XRP chart.
The expert shared his discovery in a recent analysis of the Ripple-owned coin in relation to the crypto market. He illustrated this claim using the TOTAL/XRPUSD chart, a tool for tracking the price of XRP relative to the total crypto market cap.
It would appear that the chart registers an increase when the total valuation of the crypto market appreciates. At the same time, the value of XRP depreciates, or when XRP rises, but the total crypto market cap explodes more, or XRP collapses harder than the total crypto market cap.
Based on his findings, the chart started to rise in July 2023 amid Ripple token’s fall from $0.93, peaking on July 13, 2023. This indicates that XRP has fallen behind in this bull cycle compared to other digital assets, such as Bitcoin (BTC). ), which has already reached a new absolute record.
However, XRP’s underperformance could peak after the chart line retests the five trillion resistance rate, which historically preceded the XRP boom in 2017. Although XRP initially underperformed during first half of the 2017 cryptocurrency bull run, it ultimately saw a growth of 1,252%, from $0.24 to $3.31 between December 2017 and January 2018.
If history repeats itself, Ripple’s XRP could reach $6.63 this cycle from its current price of $0.49.
RCO Finance presents a robo-advisor to help investors
RCO Finance is a DeFi trading platform on Ethereum that facilitates the direct acquisition of various digital assets, such as derivatives, Bitcoin and Ethereum ETFs, stocks, real-world assets and stocks, using cryptocurrencies.
This feature allows investors to trade multiple assets and expand their portfolios without converting their crypto holdings to fiat currencies.
The platform also offers an AI-powered trading tool called robo-advisor. This powerful support tool is a machine learning technology capable of spotting market trends, identifying investment opportunities, and executing trades in an investor’s best interest.
For example, the AI model can determine when the time is right to buy or sell a stock like NVIDIA because it can read market dynamics and react based on that data.
Investors can bet on assets like RCOF into the platform’s liquidity pool to provide liquidity to trading pairs and achieve high staking returns. With the integration of an automated market maker, users can earn incentives on the liquidity provided. This opportunity is one of many ways to earn passive rewards by adopting RCO Finance.
RCOF Presale Will Break Huge Record Among Ethereum Altcoins
Although altcoins like Solana (SOL), Avalanche (AVAX), and Polygon (MATIC), among others, have made a name for themselves on the Ethereum blockchain, the company RCO Finance RCOF is the next to achieve a similar feat.
Compared to Blockchain Backer’s projection for XRP, RCOF is expected to print much bigger numbers early in its presale. The token is currently in stage 1 of its pre-sale, an infant stage before experiencing immense growth.
Trading at $0.0127, RCOF is 3,000% away from making history after its launch on the stock exchanges. Token listing prices vary between $0.4 and $0.6. After the listing, experts believe that RCOF could surpass $1.00, eclipsing the growth estimate of XRP or other Ethereum altcoins this cycle on several levels.
In fact, a $1,000 investment in RCOF could yield up to $50,000 at launch, ushering investors into a new era of profit. Interestingly, adopters do not need to disclose their personal information via KYC to engage with the platform or participate in the pre-sale.
Additionally, to verify its integrity, RCO Finance (RCOF) underwent an extensive audit conducted by SolidProof, a leading blockchain security company.
For more information on the RCO Finance presale:
Join the RCO Finance community
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