Altcoins
Is the real Bitcoin panic yet to come? Data shows altcoins have 90% chance of recovering despite sell-off
Bitcoin price has been at the center of cryptocurrency hype for a while now. The leading cryptocurrency has not been immune to market rallies as users had expected. Mass sell-offs have impacted BTC price, dragging the token deeper into bearish waters.
And as expected, many altcoins are going sideways as Bitcoin declines. That may not last long, though; even some tokens are defying the odds. A new Ethereum DeFi project is emerging in the cryptocurrency market, and it’s already got everyone talking.
First, here’s how the Bitcoin (BTC) token performed.
Bitcoin’s Drop: ETF Overvaluation, MT Gox Deal, and German Government Dump
Bitcoin kicked off the new year with a rally from its newly approved ETFs as the crypto world welcomed institutional traders into the market. Those price moves led to an overbought situation on Bitcoin as the token struggled to maintain its ATH of $73,000.
Other factors have also intensified the bearish reversal in Bitcoin’s price lately. The now defunct Mt Gox exchange released about 3,000 BTC into circulation to settle its traders after the exchange collapsed about 10 years ago. With traders more likely to sell off BTC deposits, it’s a bad time to be holding Bitcoin.
The German government has also assessed the position of the price of Bitcoin, deciding to sell its 41,700 BTC stock to avoid losses. These mass sell-offs will further amplify an undesirable condition; Bitcoin may be about to experience some bearish days.
Bitcoin Price: The Future and Its Drivers
By all accounts, Bitcoin price predictions are not favorable to old investors. Forbes has predicted a drop to $50,000 per Bitcoin, and it is no wonder that holders are abandoning the platform.
$60,000 was a psychological support level for traders. Now that Bitcoin is trading at $56,410 with no hope of a short-term recovery, traders are looking at major altcoins that are expected to rally even amid the chaos.
The Ethereum DeFi trading platform, RCO FinanceIt is one of these altcoins.
RCO Finance has use cases in the trading industry, although most cryptocurrency users can also find other alternatives for profits. But first, RCO Finance features are related to bringing the average trader to profit levels.
RCO Finance: The AI Revolution in Defi
Cryptocurrency traders are often overlooked when it comes to creating innovative projects. While trading is simple, most developers simply overlook the pain points of the average DeFi trader.
Not RCO Finance, though. The platform has the well-being of traders at the heart of its plans, from the revolutionary AI, robotic advisor, to different trading assets that you can choose from. Robo Advisor acts as your virtual assistant turned financial broker, as the program learns your trading habits before suggesting trading suggestions.
Because it uses advanced programming and machine learning algorithms, Robo Advisor’s guidance is certainly of the highest quality possible. And with most major cryptocurrencies in bearish zones, you’ll find RCO Finance’s detailed AI advice and tips helpful.
We have also mentioned several trading assets. With RCO Financeyou can add digital assets to your portfolio, from stocks to bonds and even Forex pairs. So, play to your strengths with RCO Finance today; the decentralized market is yours.
Access via RCO Finance Pre-sale
The Robo Advisor tool will quickly change the tone among cryptocurrency traders, as its market insights and suggestions will aid in market decisions.
However, before you can access the benefits of RCO Finance, you need to obtain your RCOF tokens. And the pre-sale here is the only place you can get them now.
Tokens are worth $0.0127 eachand when they launch, you will get about 3000% pre-sale ROI. You get $30 on every $1 invested in RCOF token. The best part is that this is not the end.
Even more, the peaks could see RCOF pumping 1000 times in the coming months, as the project intends to organize a token burn event that would increase the value of the RCOF token by taking advantage of scarcity.
So, today is the perfect time to join the pre-sale and reap the benefits of RCOF’s launch. By the end of the event, investors with stakes valued at $100 in today’s Phase 1 could get up to $3,000.
For more information on RCO Finance pre-sales:
Join the RCO Financial Community
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