Altcoin
Cardano Price Hits Key Level, Analyst Predicts 32,120% Rally for Altcoin Poised to Outshine ADA
Recently, the Cardano price surged past a pivotal threshold, reigniting discussions about its potential. However, amidst this resurgence, analysts have turned their gaze toward an upcoming contender: RCO Finance (RCOF).
Predictions suggest that RCOF altcoin could deliver an astounding 32,120% rally, potentially eclipsing the Cardano price performance.
Cardano Price Resurgence: Breaking Through Key Resistance
The Cardano price has grown significantly, rising above $0.6 for the first time since July 2024. This is thanks to the rising network upgrades and increased ADA whale activity.
Data show that Cardano has risen by 14% in large transactions within one day, which may reflect increased attention from major investors. Such movements are frequently observed before a significant increase in the price of an asset as institutional investors build up their stakes in ADA.
Including DeFi and NFTs use cases in the Cardano (ADA) network has improved its functionality and value proposition. The recent entry into the crypto AI domain has also contributed to the Cardano price trend, with some expecting a massive use case for the altcoin.
RCO Finance: The New Challenger on the Horizon
While the recent Cardano price achievements are commendable, RCO Finance (RCOF) is emerging as a formidable contender.
Analysts are forecasting a staggering 32,120% rally for RCOF, a projection that, if realized, would significantly outshine ADA’s recent performance. This ambitious forecast is grounded in RCO Finance’s innovative approach to decentralized finance.
RCO Finance primarily aims to make institutional-level investment strategies available to retail investors through its AI-based robo advisor. This advanced tool employs ML to create investment strategies based on user preferences.
Through its approach to breaking down complex financial markets, RCO Finance is suitable for any investor, whether a beginner or an expert. The robo advisor helps users make sound decisions, thus reducing the need for constant analysis and improving profitability.
In addition to the robo advisor, RCO Finance offers users access to more than 120,000 assets in different categories, such as stocks, bonds, ETFs, and tokenized RWAs. This extensive range not only helps diversify but also allows users to leverage new market opportunities.
RCOF’s leverage can go up to 1000:1, which increases the potential for gains and makes the platform suitable for those who want to maximize their stakes. The low transaction fees guarantee that users will be able to make the most of their gains without the additional cost being an issue.
Another feature worth mentioning is the borderless debit card provided by RCO Finance. This card enables the holder to easily swap or exchange fiat money for crypto or any other form of value to make everyday purchases.
Moreover, RCO Finance has no KYC system, focusing on users’ anonymity and avoiding the necessity to verify their identities. This feature attracts investors who prefer to keep their identities concealed when investing.
It has also attracted attention for its security; all smart contracts are reviewed by SolidProof, making them reliable and trustworthy. This level of scrutiny provides an additional layer of reassurance for investors who want to participate in a new project in a highly risky area.
Join the Crypto AI Revolution: Invest in RCO Finance Today
Analysts predict it could mirror past Cardano price movements with the RCOF presale nearing its $5 million goal. The deflationary model, burning unsold presale altcoins, creates scarcity that is poised to drive up RCOF’s value post-launch.
Currently priced at $0.0558 during Stage 3 of the presale, early adopters stand to gain significantly. Projections suggest an astonishing potential ROI of up to 1,000%, as the altcoin is anticipated to list at $0.6.
Investing in RCOF not only gives investors an opportunity to earn passive income through staking but also puts them in a position to be at the forefront of a financial revolution that seeks to bring complex trading techniques to the masses.
Altcoin holders also benefit from lower trading fees and early access to new features within the platform.
Joining the presale is straightforward for those eager to participate in this transformative project. Simply visit the RCO Finance website, connect your wallet, and select the number of altcoins you wish to purchase.
With limited time remaining before prices increase further in subsequent stages, now is an opportune moment to invest in RCOF before it launches on major exchanges.
For more information about the RCO Finance (RCOF) Presale:
Crypto analyst CasiTrades has provided a roadmap for the XRP price, revealing what could happen before the altcoin reaches a new all-time high (ATH). Based on her analysis, XRP could still witness a price decline before it potentially rallies past its current ATH of $3.4.
XRP Price Could Drop To $1.9 Before Rally To New Highs
In an X post, CasiTrades stated that in the event of a deeper flush, the XRP price could wick down to $1.90, suggesting that the altcoin could visit this low before it rallies to new highs. She believes XRP will ideally hold above this $1.90 and avoid dropping to new lows.
The crypto expert noted that the next move is critical. She claimed that if XRP gets that flush with bullish RSI divergence, it could mark the bottom before the altcoin rockets into Wave 3. However, CasiTrades warned that a break below $1.90 could force a reset of the entire new trend count.
Meanwhile, there is still the possibility that the XRP price might not drop to as low as $1.90. CasiTrades stated that $1.95 is the prime target, with subwaves heavily aligning there and a drop to $1.90 only likely to occur in the event of a deeper flush.
It is worth mentioning that US President Donald Trump recently announced reciprocal tariffs on all countries, a move which is set to ignite a global trade war and is bearish for XRP and the broader crypto market. As such, this development could be what sparks the deeper flush and send the altcoin to as low as $1.90.
A Drop To $1.4 Is Also The Cards
In an X post, crypto analyst Brandon asserted that the XRP price is about to have a massive breakout, to the downside. His accompanying chart showed that XRP could drop to as low as $1.4.
On the other hand, crypto analysts such as Ali Martinez have provided a bullish outlook for the XRP price. In an X post, he stated that XRP could be setting up for a rebound. The analyst further remarked that the altcoin is holding above $2 while the TD Sequential flashes a buy signal.
Crypto analyst Javon Marks also recently predicted that Ripple’s coin could surge 44x and reach as high as $99. He alluded to the 2017 bull run as the reason why he is confident that the altcoin could record such a parabolic rally.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. 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, a traveler 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.
Shiba Inu price is on a strong bearish trend, with price indicators recording losses in all time frames. The highly popular meme token now threatens to add an additional zero to its value if the current bear run continues for much longer. Even with Shibarium, SHIB’s layer-2, reaching the milestone of 1 billion transactions recently, the token’s price has not responded positively to this milestone.
Falling Shiba Inu Price Affects Holder Profitability
According to current data, SHIB is down 4.6% in the past 24 hours, 14.7% over seven days and a substantial 54.9% over the past year.
The current context for the SHIB price appears tough for the majority of investors. Based on on-chain analytics, 62% of SHIB investors are at the moment in a loss, while merely 34% are in profit and 4% are breaking even as per IntoTheBlock data.
SHIB has fallen 85.9% from its all-time high of $0.00008616 on October 28, 2021, over three years ago. This extended period of decline has made many of the investors who bought during the bull run in 2021 underwater on their holdings.
The token reflects a high ownership concentration with 74% of SHIB owned by major holders. The concentration may be behind price volatility. This is due to the fact that the moves by the large holders tend to have disproportionate impacts on the market. Major volume trading in the last week has hit $184.02 million which indicates sustained activity even as the price goes down.
Shibarium Milestone Fails To Reverse Trend
Despite Shiba Inu’s layer-2 scaling solution, Shibarium recently achieved a major milestone of 1 billion transactions. However, this accomplishment has not translated into positive price action for SHIB. This disconnect between ecosystem development and token price shows the current market’s focus on overall trends rather than project-specific achievements.
Shibarium is a key component of the Shiba Inu ecosystem that focuses on reducing transaction fees, increasing processing speed, and enabling more advanced applications within the SHIB ecosystem.
The continued negative price action despite reaching such a substantial transaction milestone raises questions about what catalysts might eventually reverse SHIB’s downward trend.
Will Shiba Inu Token Burns Aid In Price Pump?
The Shiba Inu community has historically highlighted token burns as one possible method of driving scarcity and price support. Recent burn behavior has been spotty and inadequate to have any real effect on the enormous Shiba Inu token supply.
After a recent spike in burn rate of more than 12,000%, the last 24 hours have seen the burn rate decline by 60%. During this period, only 37.6 million SHIB tokens were removed from circulation as per Shibburn data.
Token burns continue to be a mainstay narrative among the SHIB community. However, the volume of burning has to rise in order to have an effect on the token’s supply that can be measured. The 17.88% hike in trading volume in the last 24 hours to $311.14 million gives some indications of market action. This potentially could be being driven by the larger holders stockpiling at lower prices.
Vignesh
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.
Over time, Ethereum, the second-largest crypto asset and largest altcoin, has often spearheaded an Altcoin Season due to its significant performance after the market shifts from a Bitcoin season to an altcoin season in each bull market cycle. In spite of this waning performance of the king of alts, an altcoin season is still likely to occur in the near term.
Is An Altcoin Season On The Horizon?
With the heightened volatility and BTC’s robust market dominance, the possibility of an Altcoin Season happening in this cycle is looking slim. However, an on-chain expert and the CEO of Alphractal Joao Wedson believes that this sustained Bitcoin’s dominance could be laying the groundwork for a huge altseason in the foreseeable future. Historically, altcoin seasons have followed periods of Bitcoin dominance.
Joao Wedson highlighted that Ethereum’s waning performance has strangled other alts in the ongoing market cycle, but an altcoin season “is just a matter of time.” With the alt market struggling to gain dominance and ETH facing headwinds, traders hope for a shift that might spur renewed gains across the altcoin sector.
In the X post, Wedson delved into altcoin market dominance with Ethereum, revealing an interesting trend. According to the expert, altcoin dominance is declining, while altcoin dominance excluding Ethereum and Stablecoins has remained sideways and in a neutral zone since late 2022.
This development implies that Bitcoin has drained most of Ethereum’s market capitalization. Presently, Bitcoin’s dominance has increased to 62%, and BTC and Stablecoin’s dominance has risen to nearly 71%. Meanwhile, Ethereum and all other alts dominate only 29% of the general market.
Bitcoin and Stablecoin‘s market dominance may seem like a threat to the upcoming altcoin season. However, the interesting part is that the higher the BTC and Stablecoin dominance rise, the more robust the next altcoin season will be, which Wedson claims is only a matter of time away.
BTC And Stablecoins Stealing The Spotlight
Daan Crypto Trades, a technical expert and trader, has also shared insights on the subject, highlighting that the altcoin market cap has declined sharply, leading to a drop in altcoins’ dominance. Although it was on track for a while, the steady growth of Bitcoin and Stablecoins has put the alt dominance under serious pressure within the crypto market.
Given the dilution amongst them, individual alts have performed horribly. Thus, for altcoins to regain dominance over Bitcoin, Stablecoins, and other major assets, the ETH/BTC pair needs to gather some momentum first.
Daan Crypto Trades claims Ethereum often plays a massive role in getting a wider altcoin performance. This is because many liquidity pools are denominated in ETH, and most coins are developed on it. Therefore, for altcoins to run, this wealth effect for ETH and majors is essential.
Until this is the case, the analyst urges investors not to get into the market. Even though alt rallies are usually brief, there is frequently a high timeframe retest. Once it is evident that the trend is changing, Daan Crypto Trades believes this is the ideal time to get involved in the action.
Featured image from Unsplash, chart from Tradingview.com
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