A crypto pundit has observed an imminent replay of a historical price action that saw XRP soar significantly in 2017. This price growth is expected to manifest among Ethereum altcoins such as RCO Finance (RCOF).
As the crypto bull run continues, it is worth knowing whether this XRP price prediction will come true.
This piece will explore the potential of XRP and RCOF staging the projected rally.
Analyst Hints At A Possible Recap of The 1,252% XRP Uptick In 2017
Blockchain Backer, a well-known crypto YouTuber and appraiser, has spotlighted a possible reiteration of a bullish pattern observed on the XRP chart 2017.
The expert shared his discovery in a recent analysis of the Ripple-owned coin in contrast with the crypto market. He illustrated this claim using the TOTAL/XRPUSD chart, a tracker of the XRP price against the total crypto market capitalization.
Reportedly, the chart records an increase when the total crypto market valuation is appreciating. At the same time, XRP’s value depreciates, or when XRP is rising, but the total crypto market cap is exploding more, or XRP is crashing harder than the total crypto market cap.
Based on his findings, the chart started spiking in July 2023 amid the Ripple coin’s descent from $0.93, a high it attained on July 13, 2023. It indicates that XRP has lagged this bull cycle compared to other digital assets, such as Bitcoin (BTC), which has already hit a new all-time high.
However, XRP’s underperformance may climax 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 2017 crypto bull run, it eventually registered a 1,252% growth from $0.24 to $3.31 between December 2017 and January 2018.
If history repeats itself, Ripple’s XRP could hit $6.63 this cycle from its current price of $0.49.
RCO Finance Introduces 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, shares, and real-world assets, and stocks, using cryptocurrencies.
This feature enables investors to trade multiple assets and expand their portfolios without converting their crypto holdings into 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 instance, the AI model can tell when it is the right time to purchase or sell a stock like NVIDIA because it can read market dynamics and react based on this data.
Investors can stake assets like RCOF in the platform’s liquidity pool to provide liquidity to trading pairs and earn high staking yields. With the integration of an automated market maker, users can earn incentives on the liquidity provided. This opportunity is one of many ways to earn passive rewards for being an adopter of RCO Finance.
RCOF’s Presale To Break A Huge Record Among Ethereum Altcoins
Although altcoins like Solana (SOL), Avalanche (AVAX), and Polygon (MATIC), among others, have made a name for themselves on the Ethereum blockchain, RCO Finance’s RCOF is next in line to achieve a similar feat.
Compared to Blockchain Backer’s projection for XRP, RCOF is set to print much more prominent figures as its presale begins. The token is currently in Stage 1 of its presale, an infant stage before it booms immensely.
Trading at $0.0127, RCOF is 3,000% away from making history after it launches on exchanges. The token’s listing prices range between $0.4 and $0.6. After listing, experts believe RCOF could surpass $1.00, overshadowing the growth estimate for XRP or other Ethereum altcoins this cycle in multiple folds.
In reality, a $1,000 investment in RCOF could yield up to $50,000 upon launch, ushering investors into a new era of profit-making. Interestingly, adopters do not need to disclose their personal information through KYC to engage the platform or participate in the presale.
Also, to verify its integrity, RCO Finance (RCOF) has undergone thorough auditing conducted by SolidProof, a big-time blockchain security firm.
For more information about the RCO Finance Presale:
Join The RCO Finance Community
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.