Altcoin
Don’t Sleep on the PEPE, RCOF, and XRP Price Rally Primed for December 2024, 34,203% Gains Ahead
As the crypto market rallies, the PEPE has showcased impressive growth alongside the XRP price. As a result, investors are eyeing these top altcoins as potential investments for December 2024. Also, investors are embracing RCO Finance (RCOF), an emerging DeFi altcoin, that has secured over $5 million during its presale.
Why are investors rushing to buy PEPE, XRP, and RCO Finance (RCOF) before the year ends? Let’s find out!
PEPE Jumps 85% in a Week: More Explosive Growth Coming?
PEPE has performed exceptionally well over the past week. On November 10, PEPE was changing hands at around $0.00001159. Following days of range-bound trading, PEPE shot up alongside the broader altcoin market after Bitcoin (BTC) set a new ATH at $93,434 on November 13.
Additionally, Upbit listed PEPE on November 14, exposing the altcoin to millions of South Korean crypto enthusiasts. As a result, PEPE climbed as high as $0.00002524, setting a new ATH. However, traders started taking profits, and PEPE pulled back slightly.
By November 17, PEPE had stabilized at around $0.00002139. This price means PEPE has gained 85% in a week. Moreover, analysts expect PEPE to continue surging due to its position as a leading meme coin. This makes it a top pick among speculative traders who are always targeting tokens that can pump quickly during bull runs.
XRP Price Surges 78% in a Week: Will It Hold the $1 Level?
XRP has impressed Ripple investors over the past week after reclaiming the crucial $1 level. On November 10, the XRP price was hovering around $0.5771. After days of recording marginal gains, the XRP price gained momentum on November 13 after Bitcoin’s stellar performance.
The XRP price continued pumping due to the November 14 news of Societe Generale announcing plans to launch its EURCV stablecoin on the XRP Ledger in 2025. This bullish news saw the XRP price recover the $1 level and set a weekly peak of $1.19 on November 16.
By November 17, the XRP price had experienced a slight retracement before stabilizing at $1.03. This price means XRP has surged 78% in a week. Furthermore, experts expect the XRP price to continue surging following Donald Trump’s victory in the US election. Notably, Trump is pro-crypto and has even launched a crypto token.
RCO Finance Offers Investors Advanced Tools To Boost Profits
As the XRP price continues pumping alongside PEPE, investors are searching for high-performance DeFi platforms to increase their chances of profitability. This explains why RCO Finance has quickly gained popularity despite being a relatively new DeFi platform. RCO Finance has achieved this feat due to its revolutionary architecture.
Specifically, RCO Finance taps AI and blockchain technology to power multiple top-range trading tools. However, investors are primarily interested in the platform’s flagship feature, an AI-powered robo advisor. This tool stands out because it uses machine learning and advanced algorithms to offer custom investment advice.
This means the robo advisor analyzes your personal risk profile and financial goals before offering you custom, data-based investment recommendations. These recommendations help you spot the optimal time to enter or exit positions on assets matching your preferences.
This approach helps boost your chances of increasing profits. Also, this data-based investment strategy eliminates the need to include emotions of greed and fear in your plan, thus reducing your exposure to risky assets. Amazingly, the robo advisor can also trade on your behalf, spotting high-potential opportunities early.
With RCO Finance supporting over 120,000+ assets, you get infinite options for portfolio diversification. Impressively, this offering comprises crypto, decentralized derivatives, and tokenized real-world assets (RWAs) like real estate. As such, you can create a well-balanced portfolio for both stability and profitability in varying market conditions.
RCOF Steals The Show With Rapid Growth
Although the XRP price and PEPE are poised to jump further, savvy investors are rushing to buy RCO Finance’s native token, RCOF. RCOF has caught the attention of investors because it offers multiple perks within RCO Finance. These include dividends and voting rights.
RCOF has also won the confidence of investors because its smart contract was audited, making it a safe investment. Notably, the firm behind RCOF’s smart contract audit is SolidProof, a leading Germany-based blockchain security firm.
Coupled with RCOF’s limited supply of 800 million tokens, these features explain why RCOF has secured over $5 million during its ongoing presale.
RCOF Presale Promises Humongous Gains
Investors are also flocking to RCOF because its presale promises huge gains for early investors. As of November 17, RCOF was going for $0.0558 during Stage 3 of its presale. The next RCOF price is $0.0778 during Stage 4. When RCOF climbs to its listing price of $0.4-$0.6, Stage 3 investors will enjoy huge ROIs.
Furthermore, experts believe increasing demand will see RCOF outshine the 1,713% YOY pump in PEPE by December 2024. Going forward, experts foresee RCOF surging 34,203% by Q1 2024. This explains why you should not sleep on the opportunity to join the RCOF presale now.
For more information about the RCO Finance Presale:
Join The RCO Finance Community
The Polygon price is set to join the altcoin market rally eyeing a 50% breakout on the technical chart amid strong on-chain indicators and whale activity. Despite its rebranding from MATIC to POL, the altcoin struggled to gain traction amid strong Bitcoin and crypto market resurgence this year. However, investors are making fresh bets with POL resuming the upward trajectory.
Polygon Price Eyes Massive 50% Breakout
The POL price has been on an upward trajectory gaining 7% in the last 24 hours, trading at $0.4442 with its market cap crossing $3.5 billion. Also, the daily trading volumes have surged by 53% shooting all the way to $434 million showing strong bullish sentiment for one of the top altcoins.
Crypto market analysts are turning bullish expecting the POL price rally to continue further from here. Popular crypto handle CryptoBull_360 reported the Polygon (POL) has successfully breached a significant resistance level on higher time frames (HTFs), signaling the potential for a major bullish rally.
As shown in the below image, the Polygon price is giving a breakout from the cup-and-handle pattern on a multi-year timeframe. Traders are looking for a strong consolidation over the new resistance of $0.44, as it could trigger further upward momentum. Holding above this can open the gates for a 50% rally moving ahead.
Additionally, strong volume indicates growing investor interest and positive momentum in the market. Some market analysts have also been suggesting a massive 3050% POL price rally moving ahead.
POL Whale Activity and On-Chain Data
Popular crypto analyst Ali Martinez reported that in the last four days, POL whales have accumulated 140 million POL tokens, worth more than $56 million. The critical support zone for Polygon is currently between $0.375 and $0.386, and if this level holds, POL is likely to experience higher price levels, as resistance is expected to remain weak, he added.
Apart from POL whale activity, Polygon has seen a significant surge in on-chain activity, including an increase in daily active addresses, transaction volume, etc. These metrics are seen as strong indicators of growing market interest and participation and reinforce a bullish outlook for POL in the near term.
While most other altcoins have already rallied significantly, investors should pay close attention to Polygon price movements amid the current altcoin market rally.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
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.
Binance News: Binance Futures has announced a major update for popular USD-M perpetual contracts, including Shiba Inu (SHIB), Cardano (ADA), FLOKI and Hedera (HBAR). This update introduces new leverage and margin tiers, impacting top trading pairs and enhancing trading flexibility for users.
The changes, which apply to additional assets like BONK, PNUT, ACT, RENDER, HIPPO, GRASS, and REN, aim to support varied trading strategies. Notably, existing positions opened before the update will remain unaffected, allowing users to maintain their prior configurations.
Binance Announces SHIB, ADA, FLOKI and HBAR Contracts
On November 19, Binance exchange announced significant updates to the leverage and margin pairs for several USD-M perpetual contracts. These include SHIB/USDT, ADA/USDT, FLOKI/USDT, and SHIB/USDT pairs. These updates are designed to enhance market stability by adjusting leverage options across various position sizes, impacting both small and large traders.
For ADAUSDT contracts, positions under $10,000 will maintain leverage of 51-75x with a 0.50% maintenance margin rate. Positions between $10,000 and $50,000 will see leverage reduced from 41-50x to 26-40x, while the margin rate stays at 1.00%. Similar adjustments have been made to contracts like BONKUSDT and SHIBUSDT, affecting leverage and margin rates for various position sizes.
According to Binance, the world’s top crypto exchange, these updates aim to create a more balanced risk environment. Traders should review the updated leverage tiers to ensure they align with their positions.
Market Performance on the Crypto Tokens
SHIB price is trading at $0.00002551, up 4% after the Binance announcement. The 24-hour low and high are $0.00002415 and $0.00002562, respectively. Meanwhile, ADA is up 3% to $0.74 today, extending the weekly rally to 30%.
HBAR price has rallied 160% in a week to $0.14, with a 25% jump in the last 24 hours. Furthermore, the trading volume has increased by 125% in the last 24 hours, indicating a massive interest among traders. The latest move came in response to HBAR Foundation board member Brian Books’s naming among possible candidates for US SEC Chair.
FLOKI price climbed 1% in the last 24 hours, with the price currently trading at $0.0002532. The trading volume has dropped by 38% in the last 24 hours. The team announced a huge marketing campaign in India amid the recent Coinbase listing.
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.
In an unprecedented turn of events, a meme coin trader garnered significant attention, trading the newly launched ELIZA token amid its launch controversy. On-chain data on Tuesday pointed out that a trader made a remarkable $3 million profit with the abovementioned token. Simultaneously, with another trader making massive trades amid the crypto’s recent launch, speculations of the token being controversial surface across the horizon.
Meme Coin Trader Makes $3M With ELIZA, Insider Or Smart Money?
According to data offered by Lookonchain on November 19, a meme coin trader turned $1.9K into $3.67M in just 2 hours, underscoring a staggering 1,925x return. Per the data, the address ExYQ spent 7.84 SOL, worth $1.9K, to buy 89.19 million ELIZA. Thereafter, the trader sold 49.49 million of the same token for 7,091 SOL, worth $1.72 million. Meanwhile, it’s noteworthy that the trader’s remaining holdings totaled 39.7 million coins, worth $1.95 million. Altogether, these trades reflected a remarkable profit-making strategy, garnering significant market attention to the token.
In another similar chronicles, crypto whales took action amid the recent bull market to book massive profits. Notably, a crypto trader turned $33K into $12.2 million in just 24 days by trading the newly launched token ai16z. Moreover, another crypto whale nabbed a $6 million profit with MANTRA (OM). These profit-making strategies sparked significant market discussions amid a bullish crypto market.
On the other hand, another trader was recorded heavily dumping a token, thereafter funding the abovementioned token. As per an X post by the renowned crypto enthusiast Nate Rivers, the wallet address GxkX.. heavily dumped another token with the same name launched via vvaifu.fun platform, thereby funding the newly launched ELIZA. Scoping in on this trade swap, Nate tagged crypto investigator ZachXBT, anticipating a suspicious trade. Notably, the wallet address belongs to ai16zdao’s managing partner, Logan.
What’s The Controversy?
Amid the notable profit booked by the meme coin trader, Shaw, another partner at ai16z, took to X, clearing the air around ELIZA. Shaw stated that the initial launch for the token was planned for last Friday. However, it was rescheduled for Monday. Nevertheless, another token with the same name was launched on the same day by unknown creators. “They contributed to our treasury, and used the vvaifu.fun platform,” Shaw added.
Shaw’s team coordinated with vvaifun-launched token creators so that the newly launched ELIZA token does not face severities. “They were pretty bummed about this, obviously, but agreed to work with us,” Shaw added. These statements offered a clear tint that ai16z was behind the newly launched token, while Logan’s investment swap soaked the coin in controversy.
Shaw concluded by saying, “What would you do? If you worked on a project, planned it, resourced engineers and backers and video production and everything for it, and then someone took the art you made and used it to make a meme coin that everyone thought was yours?” This chronicle has in turn ignited a wave of speculations, especially with shifting investors’ focus towards the leading meme coins.
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.
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