The price of Bitcoin in October has seen a significant increase, despite a shaky start to the month. However, it has yet to surpass the crucial $70,000 mark. As a result, a trader who is skeptical of Bitcoin has decided to invest in RCO Finance (RCOF), a new altcoin in the decentralized finance (DeFi) sector, which promises high returns during its presale.
So why has this trader chosen to abandon Bitcoin and invest in RCO Finance? Read on to find out!
Bitcoin has experienced a bullish trend in October after initially facing a decline. At the beginning of the month, Bitcoin was trading at around $63,335. It continued to decline and briefly dropped to $58,000 on October 10 as investors took profits from the previous month’s bull run. However, the price of Bitcoin quickly rebounded and surged on October 14 due to increased institutional interest. Bitcoin ETFs saw a net inflow of $556 million, marking the largest daily inflow since July. This positive development led to Bitcoin reaching a high of $68,950 on October 18 before stabilizing around $68,424.
As of now, Bitcoin has gained 8% in October. The question remains: will it surpass the $70,000 level soon? According to this skeptical trader, Bitcoin will continue to experience a pullback as the excitement surrounding the recent ETF inflows fades. If this trend persists, the trader believes that Bitcoin could drop below $50,000.
In light of this possibility, RCOF has emerged as an attractive investment option. This trader has gained confidence in RCOF because it is a deflationary token with a limited supply of 800 million coins. This tokenomics model suggests that the value of the altcoin will appreciate over time.
Furthermore, RCOF is currently in Stage 2 of its presale, with a price of $0.0344. This presents an enticing entry point for investors. It is projected that the altcoin will launch at a price between $0.4 and $0.6, offering Stage 2 investors significant returns on their investment.
Interestingly, the skeptical trader predicts that RCOF will surge by 8,000% by early 2025, surpassing Bitcoin’s 7,400% surge from 2017 to its all-time high in 2024. This prediction is based on the altcoin’s increasing adoption as a safe investment.
It is worth noting that SolidProof, a reputable blockchain security firm, has conducted a thorough audit of RCOF’s smart contract and has verified its security and adherence to industry standards.
RCO Finance is making waves in the DeFi sector with its AI-powered robo advisor. This trading tool stands out because it uses machine learning and algorithms to provide personalized investment suggestions based on data. Unlike traditional financial advisors who rely on cognitive biases, RCO Finance’s robo advisor eliminates emotions and guesswork from the investment process, increasing the chances of profitability while minimizing risk exposure. The robo advisor can also trade automatically on behalf of investors.
Additionally, RCO Finance offers a wide range of assets, including tokenized real-world assets (RWAs), allowing Bitcoin investors to diversify their portfolios and protect their investments against market crashes. The platform also supports the trading of decentralized derivatives, providing further diversification options.
One of the main advantages of the RCO Finance platform is that it does not require KYC verification, ensuring the privacy and anonymity of its users. The platform also issues non-KYC debit cards, allowing investors to use their crypto holdings for everyday purchases.
With the Bitcoin price struggling to surpass the $70,000 level, investors from around the world can turn to RCO Finance as a safe haven for their investments. The platform provides a range of assets, an AI-powered robo advisor, and a non-KYC verification process, making it an attractive option for investors looking to diversify their portfolios and maximize their returns.
For more information about the RCO Finance presale, visit their website and join the RCO Finance community.
