Altcoins
Analyst Discovers Critical Bullish Pattern for Ripple (XRP) and Ethereum Altcoins That Led to 1,252% Rally
A cryptocurrency expert has observed an imminent repeat of historic price action that saw XRP rise significantly in 2017. This price growth is expected to manifest itself among Ethereum altcoins such as RCO Finance (RCOF).
As the cryptocurrency bull run continues, it’s worth knowing whether this XRP price prediction will come true.
This piece will explore the potential of XRP and RCOF in staging the expected rally.
Analysts suggest a possible recap of XRP’s 1,252% rise in 2017
Blockchain Backer, a well-known YouTuber and cryptocurrency expert, did so highlighted a possible reiteration of a bullish pattern observed on the 2017 XRP chart.
The expert shared his finding in a recent analysis of the Ripple-owned coin contrasted with the cryptocurrency market. He illustrated this statement using the TOTAL/XRPUSD chart, a tracker of XRP price versus total cryptocurrency market capitalization.
The chart reportedly records an increase when the total valuation of the cryptocurrency market is increasing. At the same time, the value of XRP depreciates, either when XRP is rising, but the total cryptocurrency market capitalization is exploding more, or XRP is falling harder than the total cryptocurrency market capitalization.
Based on his findings, the chart started rising in July 2023 during the Ripple coin’s decline from $0.93, a high reached on July 13, 2023. This indicates that XRP has lagged behind this bullish cycle compared to others digital assets, such as Bitcoin (BTC), which has already reached a new all-time high.
However, XRP’s underperformance may peak after the chart line retests the five trillion resistance ratio, which historically preceded the 2017 XRP boom. Although XRP initially underperformed during the first half of the bull run Cryptocurrency rally of 2017 ultimately saw growth of 1,252% from $0.24 to $3.31 between December 2017 and January 2018.
If history repeats itself, Ripple’s XRP could reach $6.63 this cycle from its current price of $0.49.
RCO Finance presents a Robo-advisor to assist investors
RCO Finance is a DeFi trading platform on Ethereum that facilitates the direct acquisition of various digital assets, such as derivatives, Bitcoin and Ethereum ETFs, stocks, real-world assets and stocks, using cryptocurrencies.
This feature allows investors to trade more assets and expand their portfolios without converting their cryptocurrency holdings to fiat currencies.
The platform also features an AI-powered trading tool called a robo-advisor. This powerful assistance tool is a machine learning technology that can spot market trends, identify investment opportunities and take trades in an investor’s interest.
For example, the AI model can tell when it is the right time to buy or sell a stock like NVIDIA because it can read the market dynamics and react based on this data.
Investors can focus on assets such as RCOF into the platform’s liquidity pool to provide liquidity to trading pairs and earn high returns. By integrating an automated market maker users can earn incentives on the liquidity provided. This opportunity is one of many ways to earn passive rewards for adopting RCO Finance.
RCOF Pre-Sale Will Break a Huge Record Among Ethereum Altcoins
While altcoins such as Solana (SOL), Avalanche (AVAX), and Polygon (MATIC), among others, have made a name for themselves on the Ethereum blockchain, RCO Finance RCOF is next in line to accomplish a similar feat.
Compared to Blockchain Backer’s projection for XRP, RCOF will print much larger numbers at the start of the presale. The token is currently in Phase 1 of its pre-sale, an infant phase before its huge boom.
Trading at $0.0127, RCOF is 3,000% away from making history after its launch on the exchanges. The token’s listing prices vary between $0.4 and $0.6. Post-listing, experts believe that RCOF could surpass $1.00, overshadowing the growth estimate for XRP or other Ethereum altcoins in this multi-fold cycle.
In fact, a $1,000 investment in RCOF could yield up to $50,000 upon launch, ushering in a new era of profit for investors. Interestingly, adopters do not need to disclose their personal information via KYC to use the platform or participate in the pre-sale.
Additionally, to verify its integrity, RCO Finance (RCOF) underwent a thorough audit conducted by SolidProof, a large blockchain security company.
For further information on RCO Finance pre-sales:
Join the RCO financial community
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