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Dogecoin, the XRP Price, and the RCO Finance Presale Token Could See Bigger Gains in Q4 2024, Here’s Why
The crypto market is pumping again, with the XRP price gaining traction. Meanwhile, Dogecoin (DOGE) has performed exceptionally, jumping by double digits over the past week. Despite these gains, investors increasingly flock to RCO Finance (RCOF), an upcoming presale token.
Why are XRP and Dogecoin investors rushing to buy RCO Finance (RCOF)? Let’s find out!
XRP Price Climbs 3% in a Week: More Gains Coming?
XRP has performed decently over the past week, maintaining a green chart. On October 14, the XRP price was hovering around $0.5294. The XRP price began pumping the same day after Bitcoin (BTC) jumped past $66,000, triggering an altcoin rally.
Also, on October 15, Ripple announced the partners of its Ripple USD (RLUSD) stablecoin. This generated massive hype, which saw the XRP price climb as high as $0.0.5626 on October 17 before backtracking. By October 21, the XRP price had stabilized at around $0.5482, marking a 3% weekly gain.
Moreover, analysts believe the XRP price will continue surging in Q4 2024, potentially hitting $0.6200. Experts base this prediction on XRP attracting more investors once RLUSD launches. It is worth mentioning that RLUSD is only awaiting regulatory approval before it launches.
Dogecoin Pumps 32% in a Week: Will Explosive Growth Persist?
Dogecoin has performed exceptionally well over the past seven days. On October 14, DOGE was changing hands at around $0.1104. After recording marginal gains, Dogecoin gained momentum on October 15 after DogeExpress revealed that Ventura Harbor Bar in Palmas, Spain, had started accepting DOGE payments.
The buzz about this bullish development saw Dogecoin soar as high as $0.1463 on October 20. By October 21, Dogecoin (DOGE) had stabilized at around $0.1459, which means Dogecoin has surged 32% in a week.
While Dogecoin faces resistance around the $0.1400 price range, analysts believe the meme coin can rise to $0.2000 if it breaches this resistance level. With Dogecoin being a favorite among speculative traders, analysts believe the token can achieve this feat if Bitcoin surges past $70,000, further fueling the ongoing altcoin season.
RCOF Wows Investors With Huge Gains: More Growth Coming
With the XRP price showcasing slow growth, investors are moving to RCOF for better returns. Investors are purchasing this presale token because it has exhibited impressive growth thus far. As of October 21, RCOF had nearly raised $4 million in funding, making it one of the fastest-selling crypto ICOs in 2024.
Astonishingly, RCOF has achieved this noteworthy milestone despite being in the early stages of its presale. Specifically, RCOF is currently in Stage 3 of its presale. The price of this presale token during this stage is $0.055. Once RCOF attains its projected listing price of $0.4-$0.6, Stage 2 investors will realize massive ROIs.
Furthermore, analysts believe this presale token will soar meteorically once it launches on top DEXs and CEXs. Also, analysts are pegging this prediction on this presale token, which is attracting hordes of investors because of its safety. This can be verified by the smart contract audit that SolidProof, a leading blockchain security firm, conducted.
RCO Finance Wows The DeFi Space With Its Robo Advisor
As the XRP price struggles to reclaim the $0.6000 level, crypto investors adjust their portfolios to get the most out of the ongoing rally. However, this can be challenging, especially for novice investors. Luckily, RCO Finance, an upcoming DeFi platform, helps address this challenge with its unique AI and blockchain-powered tools.
RCO Finance is quickly making inroads in the DeFi sector because of its trailblazing AI-powered robo advisor. This tool uses machine learning and algorithms to offer investors personalized investment tips. Investors can then use these suggestions to pick out high-potential opportunities from the 120,000+ assets on RCO Finance.
In doing so, investors can easily diversify their portfolios with assets that match their risk tolerance and financial goals, increasing their profitability. Alternatively, investors can automate their accounts, enabling the robo advisor to modify their portfolios in real time. This enables investors to tap opportunities that would otherwise go unnoticed.
The robo advisor’s data-based investment strategy also helps investors avoid emotional investing, often resulting in low profits or losses. This explains why investors are buzzing about this revolutionary tool.
RCO Finance Offers Solid Hedging Options
With the XRP price facing resistance, a pullback might be needed. Investors are also diversifying their portfolios to hedge against potential losses. To simplify this process, RCO Finance supports tokenizing real-world assets (RWAs), exposing investors to illiquid assets like real estate and commodities.
In addition, RCO Finance boasts a pre-derivatives offering (Pre-DO), which lets investors trade decentralized derivatives like swaps, futures, and swaps. This explains why you should join RCO Finance to refine your investment experience.
For more information about the RCO Finance Presale:
Join The RCO Finance Community
A renowned crypto analyst caused a huge market stir by forecasting a highly bullish outlook for Dogecoin price this Thursday. Market expert Ali Martinez revealed that a roughly 250% rally for the dog-themed meme coin to the $0.5 level looms. However, this bull run is possible given that the meme token holds above key support at $0.16. DOGE price exchanged hands at $0.1662 as of press time, igniting optimism over a rally ahead.
Dogecoin Price Eyes Over 250% Gains; Top Analyst Highlights Conditions
Ali Martinez on April 3 revealed that the $0.16 price level presents itself as a ‘make-or-break’ point for Dogecoin price via a post on X. According to him, if the price holds this level, a potential rally to $0.57 awaits, which is up nearly 256% from the current level.
However, failing to hold this level could result in a drop to $0.06, per the analyst. As a result, the key support level remains much-eyed by market watchers as the meme coin currently trades near it.
As mentioned above, the price is trading at $0.1662 with an intraday loss of over 3%. It bottomed and peaked at $0.1624 and $0.1787 over the past day, preventing losing support of $0.16. In an upshot, market watchers eye the token optimistically, expecting a sustained movement and thereby, a rally.
What Are The Next Resistance Levels For Dogecoin Price?
In another X post shared previously, the same analyst highlighted vital resistance levels for the dog-themed meme coin. Notably, the price faces two key resistance barriers at $0.18 and $0.21.
A sustained breakthrough above these resistance levels paves the way for a +250% bull run for DOGE price. In the wake of these price dynamics, crypto traders and investors are now glued to the meme coin’s price chart and await a trajectory shift.
Derivatives Data Sparks Speculations
However, Coinglass data has sparked contrary investor speculations by showcasing a decline in futures OI. DOGE futures OI was down over 3% to $1.56 billion today. This stat underscored slightly reduced investor interest in the meme token despite bullish predictions. Besides, the derivatives volume witnessed a 40% jump to $5.24 billion, adding a layer of intrigue to the market sentiment.
Crypto market traders and investors expect short-term volatility amid the dynamic market stats, whilst long-term prospects remain bullish. Also, a Dogecoin price prediction by CoinGape revealed that the technical chart on the weekly time frame showcases a bullish engulfing pattern. This formation suggests a strong momentum favoring buyers. Overall, broader market sentiments orbiting the meme coin remain bullish.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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.
As Binance’s Vote to List initiative kicks off, the exchange has turned its back on Pi Network for the second time. Binance is proceeding with the decentralized listing program but Pi Network is noticeably absent from the raft of cryptocurrencies.
Pi Network Fails To Make Binance List
Pi Network enthusiasts are in limbo following the absence of the token in Binance’s Vote to List initiative. According to a press release, Binance has opened voting for its second Vote to List initiative.
This time, 12 tokens are up for community voting, with Binance proceeding to spot-list successful tokens. Apart from vote count, Binance says it will consider trading demand, a risk assessment, and a compliance check to decide on tokens that will make the listing.
The selected tokens include VIRTUAL, BIGTIME, UXLINK, MORPHO, GRASS, ATH, WAL, SAFE, ZETA, IP, ONDO, and PLUME. While the first focused on memecoin, the second iteration beams a searchlight on utility tokens cutting across several verticals.
Back in March, Binance excluded Pi Network from its first edition of the Vote to List initiative. Binance has clarified that only BNB-based projects will be allowed to participate in the Vote to List initiative, dousing optimism for Pi Network enthusiasts.
When Will Binance List The Asset?
Despite Pi missing out on the Vote to List program, there is still a ray of hope for community members. Binance can list Pi via a direct listing in the future but a timeline is unavailable.
Experts say a lack of transparency by The PiCoreTeam (PCT) is a reason why Binance has not listed Pi Network. Particularly, the exchange took swipes at the PCT for failing to give proper disclosures on the Pi Network’s locking and burning mechanism.
Pi Network secured a major listing on the BTCC Exchange, bringing the token closer to being listed on mainstream exchanges. While a listing hovers on the horizon for Pi, the PCT’s domain auction is gathering steam with over 200,000 bids.
Pi price has been largely underwhelming over the last day, losing nearly 5%. Pi trades at $0.6646 to drop below the $0.7 mark for the first time in over a month.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
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.
Following a reserve crisis that hit TrueUSD and Justin Sun’s intervention, First Digital Trust denied claims of insolvency. The Trust, at the center of the fiasco, says it is fully solvent while accusing Sun of sensationalism.
First Digital Trust Refutes Allegations Of Insolvency
First Digital Trust has released a statement debunking allegations of financial impropriety and insolvency. According to the statement, First Digital Trust says it is completely solvent while accusing Justin Sun of falsehood.
The Trust has been at the center of a whirlpool of a liquidity crisis involving TrueUSD (TUSD) with Justin Sun stepping in to stabilize the stablecoin with a capital injection. The Tron founder launched a tirade against the Hong Kong-based trust, accusing it of financial mismanagement including unauthorized trade finance loans.
“The recent allegations by Justin Sun against First Digital Trust are completely false,” read the statement.
The Trust disclosed that its FDUSD stablecoin is solvent and backed by US Treasury Bills. Per the statement, the legal dispute surrounding TUSD has nothing to do with FDUSD, accusing Sun of a smear campaign. First Digital Trust says it has not had the opportunity to defend itself in court, accusing Sun of launching social media attacks.
“This is a typical Justin Sun smear campaign to try to attack a competitor to his business,” added First Digital Trust.
Justin Sun Maintains His Stance
Justin Sun remains firm in his resolve that First Digital Trust is insolvent while urging investors to cut ties with FDUSD. He warns that the Trust founder Vincent Chok will face the full wrath of the justice system.
“First Digital Trust (FDT) is in fact insolvent,” said Sun. “If you have any relationship with it, please cut off contact as soon as possible to protect your assets.”
Following his accusations, FDUSD lost its peg and traded at a low of $0.88, a steep drop before crawling to $0.98. The loss of $130 million from its market capital has rattled investors with critics taking swipes over its de-pegging.
The Tron founder has covered every blade of grass in recent days, buying $75M of the Trump memecoin. Last week, Justin Sun weighed in on TRX’s halving proposal, supporting a proposal to mirror Bitcoin’s pattern.
The stablecoin drama comes as the US is inching toward tighter stablecoin regulation with the GENIUS Act and STABLE Act.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
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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