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Savvy Crypto Traders Find Ethereum Token with Potential for a Rapid 1,559.50% Surge this November 2024

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As the crypto market experiences turbulent shifts amid the US presidential election, savvy investors seek hidden gems poised for explosive growth. One such asset is an emerging Ethereum token currently in a promising presale phase and has already demonstrated significant price movement. 

With the US elections in the background, traders are particularly keen on opportunities that could yield remarkable returns in a short time.

US Elections Could Create Ripples in The Crypto Market

The upcoming US presidential election will ripple across the financial landscape, especially in the cryptocurrency market. 

Historically, US elections have brought about considerable volatility, with investors adopting a cautious approach as they await election results. This year is no exception, as speculations about potential regulatory changes loom large. 

Analysts predict a potential market crash on election day, followed by a rapid recovery, sparking interest among traders seeking to capitalize on these fluctuations.

Investors are particularly sensitive to the political landscape, with many bracing for possible changes in crypto regulations that could emerge from the election outcomes. Recent developments indicate that key political figures are increasingly vocal about their positions on cryptocurrencies. 

Donald Trump, for instance, has actively endorsed Bitcoin, which currently sits at $68,291, according to Coinmarketcap. This suggests he could advocate for its adoption as a strategic reserve if re-elected. 

This political backing can significantly influence market sentiment, making it essential for investors to monitor election developments closely.

Moreover, the Federal Open Market Committee (FOMC) is expected to announce decisions regarding interest rates around the same time as the election, adding another layer of complexity to market predictions. 

As the election date approaches, many investors are adopting a wait-and-see approach, poised to make strategic moves based on the outcomes.

This Ethereum Token Has the Potential to Pump Hard

Amid the expected market volatility, one Ethereum token, RCO Finance (RCOF), is capturing investors’ attention. 

Currently in its third presale stage, RCOF has experienced a remarkable 337% increase in value, rising from an initial price of $0.01275 to its current price of $0.055882. This impressive growth illustrates the token’s potential through the presale stages. 

The token’s price will increase to $0.07770 in the next stage, indicating a strong upward trajectory that reflects growing demand.

The RCOF token is projected to soar by over 672.20% as it approaches its expected listing price of between $0.4 and $0.6. This trajectory suggests a significant opportunity for early investors to multiply their investment substantially within months of the token’s public listing and the launch of the RCO Finance platform. 

Those who get in now stand a chance to see their initial investments grow exponentially, with projections indicating potential returns as high as 1,580% post-listing.

Revolutionary Features Driving RCO Finance (RCOF) Growth

The remarkable features of the RCO Finance platform are at the core of the optimistic outlook for the RCOF token. 

As an AI-powered financial platform, RCO Finance democratizes access to sophisticated investment strategies, making advanced financial tools available to all investors, regardless of their experience level. 

The platform’s AI-driven Robo Advisor tailors personalized investment strategies that adapt to real-time market data and user preferences, ensuring optimal performance for users. This personalized approach enhances user experience and increases the likelihood of achieving substantial returns.

Additionally, RCO Finance is expected to provide access to over 120,000 assets, encompassing traditional stocks, bonds, ETFs, digital assets like cryptocurrencies, and tokenized real-world assets (RWAs). 

This comprehensive asset access allows users to create diversified portfolios, mitigating risk while maximizing returns.

Integrating features like a KYC-free ecosystem and a smart contract that the SolidProof auditing firm has rigorously audited makes RCO Finance a standout player in the DeFi space, attracting attention and investment, which could significantly drive the RCOF token price upward.

Moreover, RCO Finance plans to implement a tier-based rewards system that incentivizes holding RCOF tokens, further enhancing its attractiveness as an investment. This system promises dividends based on holdings, rewarding loyal investors and fostering a strong community around the project. 

As the RCO Finance platform gains traction, the demand for RCOF is expected to increase, potentially leading to a sharp rise in its value. The combination of innovative features and robust community engagement sets RCO Finance apart as a promising investment in the crypto landscape.

RCOF as a Hedge Amid Expected Crypto Volatility

The crypto market is expected to experience heightened volatility as the US elections approach. The possibility of a market crash on election day, followed by a swift recovery, presents a classic trading opportunity.

The upcoming weeks will undoubtedly be critical for cryptocurrency and the broader financial markets, and RCO Finance (RCOF) could serve as a hedge for investors. The innovative features of the RCO Finance platform, coupled with the strong community backing, position RCOF as a potentially resilient investment.

With the potential for substantial price increases and a strong foundational platform, RCOF could be a valuable addition to any investor’s portfolio as they navigate the complexities of the crypto market during this pivotal moment.

For more information about the RCO Finance Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

 



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Terra Luna Classic Community Discord On Proposal Amid LUNC Price Rally

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Terra Luna Classic community dismissed a community pool spent proposal by Cosmos developer team BLV Labs for recent work on the blockchain. Some developers and community members highlighted that the developer group failed to follow governance rules as there were no testnet and mainnet deployments. LUNC price saw more than 5% upsurge amid recent developments.

Terra Luna Classic Proposed Rejected By Community

Community pool spend proposal 12146 by BLV Labs faced a roadblock as the developer group failed to execute the developments on the Terra Luna Classic mainnet. The proposal saw nearly 90% “No” votes, including Allnodes, Interstellar Lounge, Interstake One, and other validators. The developer seeks $5000 in LUNC.

Validators responded that there was discussion, with no testnet deployment or mainnet deployment. The community requested the team to finish the work for payout.

Terra Classic validatorTerra Classic validator

The developer worked on the use of Oracle module to update and calculate the minimum deposit required to create a proposal in the governance module. BLV suggested that the system will automatically increase the minimum margin to ensure the value of the proposal is maintained in the event of a sharp drop or spike in LUNC price.

The team claimed the code pushed to GitHub and a pull request created on the Classic Terra repository. After that, we continued to work on all the bugs related to testing and integration. The team plans to EVM, SDK50 upgrade, or IBC improvement.

Meanwhile, the Terra Classic community has approved a proposal to transfer CoinMarketCap dashboard account access to top validator Allnodes directly.

LUNC and USTC Price Jumps

LUNC price soared 5% in the last 24 hours and 15% in a week. The price currently trades at $0.000118, with a 24-hour low and high of $0.0001102 and $0.0001199, respectively. The $0.00012 is a key resistance level for LUNC, surpassing this level clears a rally to $0.0002.

Moreover, Terra Luna Classic open interest jumped 8% in the last 24 hours, with buying on Binance and OKX. However, Bybit recorded a sell-off in 1000LUNC futures.

Meanwhile, USTC price climbed more than 5%, with the price now trading at $0.0245. However, the trading volume saw a 31% decline in the last 24 hours. The price overall moves in the range for his month.

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Varinder Singh

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Arthur Hayes Shills Another Solana Meme Coin, Price Rallies

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BitMEX co-founder and crypto millionaire Arthur Hayes has shilled another Solana meme coin to his followers. As expected, the coin’s price rallied following Hayes’ mention of the coin in an X post.

Arthur Hayes Shills FLOWER Meme Coin

In an X post, Arthur Hayes shared the Dextool profile of the FlowerAI (FLOWER) meme coin with the caption “kek.” Given Hayes’ status in the crypto community, this post was enough to send the meme coin’s price soaring.

When he made the post, FLOWER’s price was $0.02232, but the coin’s price has since spiked and is now above $0.03. The coin’s market cap was $22 million at the time but is now at $30 million following the price rally.

Arthur Hayes’ post has drawn criticism. Some of his followers questioned why someone of his repute was shilling a low-cap coin. Meanwhile, some accused him of intentionally trying to pump and dump the coin on his followers.

Besides shilling top SOL meme coins like Dogwifhat (WIF) in the past, Hayes has also dabbled into low and mid-cap coins. There was a point where he mentioned that he bought the MOTHER and MOG tokens. He also bet Solana AI meme coin Goatseus Maximus (GOAT).

Meanwhile, more recently, the Solana meme coin Deep Worm Price skyrocketed 180% after Hayes shilled it and asserted that the coin would reach a billion market cap. When he shilled the coin, WORM had a market cap of $55 million. However, following the pump, WORM’s market cap has since dropped to $41 million.

Solana Meme Coin Ecosystem Presents A Huge Boost

While Arthur Hayes continues to shill Solana meme coins, there is no doubt about the positive impact these coins have had on Solana and the SOL price. The SOL price recently hit a new all-time high (ATH) of $263, and this development is thanks to the increased demand for the coin among traders looking to invest in meme coins on the network.

The Solana network has also continued to record massive trading volume thanks to its meme coin ecosystem. For context, Solana is currently leading all other chains, including Ethereum, in terms of decentralized exchange (DEX) volume.

DeFiLlama data shows that the network has recorded a DEX volume of $44 billion and $5 billion in the last seven days and 24 hours, respectively. Ethereum comes in a distant second with $17 billion and $2.9 billion recorded during these periods.

With stakeholders in the crypto industry like Arthur Hayes shilling these Solana meme coins, the Solana network will unlikely continue to enjoy more trading volume as more investors also look to trade these coins.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ripple CEO Shares Bullish News With XRP Army As Trump Names Treasury Secretary

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Ripple CEO Brad Garlinghouse has shared another good news with the XRP community. US President-elect Donald Trump has finally picked his Treasury Secretary, making the crypto community including Garlinghouse bullish on XRP and the end of the SEC lawsuit. Ripple CEO Garlinghouse claims Scott Bessent is the perfect pick.

Donald Trump Nominates Scott Bessent As US Treasury Secretary

US President-elect Donald Trump has nominated Scott Bessent to lead the US Treasury Department. The new Treasury Secretary is the founder of hedge fund manager Key Square Group. He is known for the famous short bet against the British sterling in 1992 when he worked for George Soros.

Picking the US Treasury chief proved to be one of Trump’s most crucial decisions as Wall Street closely watched the drama. Apollo Global Management CEO Marc Rowan and former Federal Reserve Governor Kevin Warsh were in the race.

“Scott is widely respected as one of the World’s foremost International Investors and Geopolitical and Economic Strategists,” Trump wrote on Truth Social, reported Reuters.

Both Wall Street and the crypto market reacted bullishly as Trump named Scott Bessent to lead Treasury Department. Bessent is positive on crypto adoption policy, but investors await more details on his views on fiscal policy and the next steps.

Ripple CEO Brad Garlinghouse Hails Trump’s Treasury Sec Pick

Ripple CEO Brad Garlinghouse took to X to express his satisfaction with Scott Bessent as Treasury Secretary. He said “I don’t want to get too far ahead of myself but… Scott Bessent is the perfect pick.” He claims Bessent will be the most pro-innovation, pro-crypto Treasury Secretary ever seen.

Other crypto executives and experts including Charles Hoskinson, John Deaton, Matthew Sigel, and David Bailey reacted positively.

Pro-XRP lawyer John Deaton said the Trump transition team now needs to get “SEC Chair right, we are about to enter the Digital Age of Innovation.” Meanwhile, Pro-XRP lawyer Jeremy Hogan predicted a potential conclusion timeline for Ripple SEC case.

XRP Price Rises Over $1.60 As Ripple CEO Turns Bullish

Bullish reactions from Ripple CEO and Cardano founder Hoskinson triggered further rally in XRP and ADA prices. All eyes are now on upcoming nominations by Donald Trump.

XRP price extended its weekly rally to more than 60%, with a 12% pump in the last 24 hours. XRP saw a 24-high of $1.62 as trading volume climbed further by 22%. Popular analysts predicted an XRP price target of $2.

ADA price jumped 22% in the past 24 hours, with the price finally surpassing $1. The 24-hour low and high are $0.856 and $1.140, respectively. Furthermore, the trading volume has increased by 130% in the last 24 hours, indicating a massive interest among traders.

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Varinder Singh

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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