Altcoin
XRP Price Prediction: Ripple Expects More Hurdles from the SEC, Traders Hedge with this $0.03 Altcoin for 3,000% Profits
The SEC filed a notice of appeal on October 2, challenging Judge Analisa Torres’s ruling that XRP is not a security. This appeal saw the XRP price tumble sharply, forcing Ripple traders to migrate to alternative investments.
Amazingly, RCO Finance (RCOF), an upcoming Ethereum altcoin, has become the center of attraction after securing over $2.79 million in funding during its ongoing presale.
Will the XRP price continue slumping, and will RCO Finance (RCOF) persist with its bullish trend? Let’s find out!
XRP Plunges 13% As Ripple’s Battle With SEC Takes New Turn
The XRP price has performed dismally over the past week. On September 30, the XRP price was trading around $0.6223. Following a brief spike, the altcoin dived sharply on October 1 after reflecting the bearish trend in the Bitcoin (BTC) price, which saw the leading crypto revisit the $60,000 level.
This downturn intensified after the SEC filed a notice of appeal on October 2 in its ongoing legal battle with Ripple. Specifically, the SEC challenged Judge Analisa Torres’ August 2023 ruling that XRP is not a security when sold to retail investors on exchanges. This news saw the XRP price trade as low as $0.5101 on October 3.
By October 7, the XRP price had stabilized at around $0.5390. This price means the XRP price has shed 13% in a week. Moreover, the 24-hour Ripple trading volume has surged 76%, indicating investors are flocking to the market to dump XRP. Combined with the challenges from the SEC, this selling force might trigger more losses.
RCOF: A Superb Presale Opportunity
As the SEC presents Ripple Labs with new challenges, XRP investors seek alternative investments to hedge against losses. Amazingly, RCOF has grabbed investor attention because of its utility as a base currency and governance token within the RCO Finance platform.
Also, RCOF has emerged as a top pick among Ripple investors because it is a safe investment. SolidProof, a top-tier blockchain security firm, verified that RCOF is safe to invest in by auditing the altcoin’s smart contract.
This step helped boost investor confidence in this altcoin, explaining why it has secured $2.79 million in funding.
As of October 7, RCOF was offering investors an opportunity to join its presale at $0.0344 during Stage 2. Investors who purchase RCOF at $0.0344 will enjoy tremendous returns when the altcoin attains its launch price of $0.4-$0.6.
Also, experts expect RCOF to surge 3,000% by Q4 2024, outshining XRP’s 1,580% climb in Q4 2017.
This forecast explains why Ripple investors are embracing this budding altcoin as the XRP price continues tumbling.
RCO Finance Intrigues Investors With RWA Tokenization Abilities
Ripple investors are actively looking for to-of-the-line platforms to diversify their portfolios as the XRP price continues showcasing a weak outlook.
This explains why RCO Finance, an up-and-coming DeFi platform that aims to simplify investing by democratizing access to professional investment management tools, has quickly gained popularity.
RCO Finance has also caught investors’ attention with its AI-powered robo advisor. Investors are fascinated by the robo advisor because it uses machine learning and algorithms to offer custom investment recommendations based on personal risk profiles and financial goals.
Investors can implement these recommendations into their investment plans to scale their profits while minimizing risk exposure. Amazingly, the robo advisor can trade automatically on behalf of investors. This automation enables the robo advisor to adjust investors’ portfolios in real-time, shielding against altcoin market crashes.
Taking things a step further, the robo advisor provides investors with free tax and financial legal advice, helping them stay compliant as the robo advisor diversifies their portfolios with the over 120,000 crypto and TradFi assets RCO Finance supports.
Besides its robo advisor, RCO Finance has attracted investors because of its revolutionary real-world (RWA) tokenization capabilities. RWA tokenization allows RCO Finance users to bolster their portfolios with illiquid assets like real estate, commodities, and art.
RCO Finance has also gained ground quickly because its non-KYC onboarding process significantly lowers the entry barriers. This approach also allows investors who prefer withholding personal details to maintain anonymity.
These benefits explain why you should join Ripple investors in embracing RCO Finance to improve your chances of making lucrative trades.
For more information about the RCO Finance Presale:
Join The RCO Finance Community
A renowned crypto market analyst predicted that Cardano price could hit $4 ahead despite the current broader market uncertainty. ‘ALLINCRYPTO’ has forecasted a highly bullish outlook for the crypto recently, primarily against the backdrop of historical data. However, traders and investors are left scratching their heads as the market also saw massive ADA whale dumps, with 180 million coins offloaded.
Cardano Price Eyes $4, Analyst Predicts Citing Historical Data
According to ALLINCRYPTO’s X post on April 18, Cardano price is eyeing $4 as the analyst believes history is set to repeat itself. A major bull run lies ahead as the price is completing its final cycle, per the analyst.
For context, the ALLINCRYPTO’s chart spotlights how ADA had a massive bull run as of 2020 and continued till mid-2021. Citing this past performance, the analyst revealed that a $4 price target lies ahead.
Crypto market traders and investors are left speculating if such a feat is even possible amid broader market trends. It’s also noteworthy that historical performances don’t always guarantee future performances, given the dynamic nature of digital assets.
However, another renowned analyst has joined the fray by projecting a bullish outlook for Cardano price. Analyst Ali Martinez revealed in an X post on April 18 that the crypto is consolidating within a triangle, setting the stage for a potential 30% price move. This bullish prediction has slightly tilted the scales towards the optimistic side.
ADA coin’s price currently rests at $0.6298, up nearly 2.5% over the past day. The coin’s intraday bottom and peak were recorded as $0.612 and $0.6341, respectively.
Massive Whale Dumps Usher Caution
Besides, recent whale metrics have conversely stirred up some caution among investors, underscoring rising selling pressure on the asset. According to another X post by Ali Martinez, whales took advantage of the recent ADA price upswing to offload 180 million coins in the past 5 days.
This massive selling has also hinted at declining market confidence surrounding the cryptocurrency. As a result, market watchers are slightly apprehensive regarding the bullish predictions shared by the analysts.
Besides, a Cardano price prediction by CoinGape also revealed that bears remain in control of the asset at the moment, as per the 3-month bias indicator. In turn, broader market sentiments surrounding the coin’s long-term prospects remain shrouded in an enigma.
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.
The Chainlink price is poised for liftoff, with a bullish rebound on the horizon. As LINK has soared past its key support level, analysts and traders remain bullish about the altcoin’s potential rally new heights.
Analysts like Ali Martinez and CRYPTOWZRD have identified critical levels for LINK, invoking the community’s attention. Let’s unveil Chainlink’s potential movements through the analyses of popular analysts.
Is Chainlink Price Ready for a Rebound?
In a detailed analysis, analyst Ali Martinez spotted key support and resistance levels for Chainlink. According to Ali’s analysis, Chainlink’s support level is established at $12.28, while $14.58 acts as a significant resistance hurdle.
With the Chainlink price breaking past its support line, which now acts as a foundation, the stage is set for a potential bullish reversal, signaling an upward trend. And, if LINK breaks past the $14.58 point, which has been a significant resistance point, further upside momentum comes into view, with potential new highs on the horizon.
Chainlink’s Next Target: Is $26 Within Reach?
According to market expert CRYPTOWZRD, Chainlink daily technical outlook is uncertain, with an indecisive close. However, the analyst highlighted that LINK is currently testing the significant $12.50 level. Given LINK’s oversold condition, its price movement is likely to follow Bitcoin’s trend.
Interestingly, as pointed out by CRYPTOWZRD, LINKBTC’s daily falling wedge formation suggests potential for an impulsive upside breakout. LINK itself is forming a daily falling wedge above its lower high trend line, indicating a possible rally towards the $16 resistance target and beyond.
Significantly, the chart presented by the expert indicates that LINK could hit $26 if it passes the resistance point. However, as per CoinGape’s Chainlink Price Prediction, LINK will reach a maximum of $15.24 in 2025.
Meanwhile, LINK’s intraday chart showed a lack of clear direction, with price movements confined to a narrow range. A breakout above $13.20 could present a trade opportunity, while a decline below $11.80 would signal a test of the main support level.
LINK Market Sentiment Analysis
In an “In/Out of the Money Around Price” analysis, Ali Martinez shared insights into the market sentiment for LINK. The analyst detailed the number of traders holding Chainlink at different price points.
At press time, Chainlink is trading at $12.81, up1.46%. Despite a 0.86% surge over the past week, LINK experienced a massive decline of 30.99% over the last month.
Notably, more addresses are holding LINK at a loss than at a profit. According to the chart, 53.06% of the holdings are “out of the money,” which means that they represent 78.24 million LINK bought at a price above the current $12.68.
At the same time, 44.63% of analyzed holdings, representing 65.81 million LINK, are ‘in the money,’ having been bought by traders at a price below $12.68. This data highlights potential support and resistance levels, with significant holdings at $12.47 and $14.19.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
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.
Lorenzo Protocol (BANK) price has defied the broader market’s recent uncertain trend by rallying 150% this Saturday. The institutional-grade asset management platform has stolen the spotlight primarily as a top CEX, Binance, unveiled a new listing for its native token. As a result, traders and investors are extensively eyeing this crypto, speculating whether the pump could sustain amid enhanced market exposure.
Lorenzo Protocol Price Bullish As Binance Futures Adds BANKUSDT Contract
At the time of reporting, BANK price traded at $0.05237, up by a staggering 150% in just a day. The cryptocurrency’s price surged from a bottom of $0.01839 intraday, in sync with Binance’s announcement.
According to an official press release by the crypto exchange on April 18, the platform’s futures trading division is adding the BANK USD-Margined perpetual contract to its stockpile of offerings. The platform’s colossal user base remains poised to enjoy up to 50x leverage while trading the asset. The timeline for this launch was set at 18:30 UTC, the same day.
Further, the top crypto exchange set the capped funding rate at +2.00%/-2.00%. Also, the same perpetual contract will be available for ‘Futures Copy’ trading, offering users enhanced opportunities to make returns.
For context, usual market sentiments about the coin’s future price action have turned highly bullish with the new offering. Traders and investors are expecting a substantial influx of funds into the token as the new listing paves the way for more investor interaction with the asset.
Now, crypto market watchers are thoroughly monitoring the token for further gains, highly optimistic amid an ongoing rally of 150% following the listing announcement. Lorenzo Protocol is an institutional-grade asset management platform that issues yield-bearing tokens backed by diverse underlying strategies.
Besides, it’s worth mentioning that Binance revealed another crypto listing this week, CoinGape reported. The CEX has revealed plans to open trading for Balance (EPT) shortly, garnering further attention among traders and investors.
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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