In a recent development, the United States Securities and Exchange Commission (SEC) backed out of a closed-door meeting with the Singapore-located payment company Ripple at the last minute.
This unprecedented decision subsequently triggered a notable loss in XRP’s value. As a result, investors have turned their gaze to an emerging project in the Ethereum network, RCO Finance (RCOF), as an alternative to making a profit.
Let’s find out why RCO Finance was the preferred choice.
Ripple Coin Tanks As SEC Backtracks From One-on-One Meeting
The SEC was supposed to meet with officials of the payment remittance company Ripple on August 1 but pulled out the day before. This shocking turn occurred as traders anticipated a ruling in the SEC vs. Ripple case.
In light of this event, pseudonymous X influencer BabaCugs opined that the watchdog may have resolved to work out a closed settlement with the payment company in addition to a $2 billion penalty.
An excerpt from the tweet reads thus; “The SEC has closed its case against Ripple, ending the legal proceedings that began in March 2024. The case initially sought a $2 billion penalty and an injunction against XRP sales to institutional investors. However, the SEC decided to settle instead of pursuing these remedies.”
However, it is worth noting that Babacugs’s statement is mere speculation, and neither party involved in the case has spoken. The situation has brewed a storm amongst XRP traders, reflected in the Fear and Greed Index, which is currently within the “fear” zone.
Coincidentally, Ripple partnered with Asia’s largest tokenization platform, OpenEden Labs, which is set to launch tokenized Treasury bills on the XRP Ledger. Ripple is developing a fund to finance this initiative. The company has invested $10 million in OpenEden’s tokenized T-bills.
Despite this remarkable collaboration, XRP failed to make a positive move in terms of price action. The coin shed 7% of its market value within the week, which experts attributed to uncertainties about the meeting between Ripple and the regulator. XRP trades at $0.5719, losing 5.17% in the last 24 hours.
Investors Migrate To RCO Finance, Attracted To New AI Tool
Amid XRP’s struggles, crypto investors have diverted their attention to a new player in the Ethereum ecosystem: RCO Finance. RCO Finance is a decentralized trading outlet that is unique for its AI-powered capabilities.
This AI-driven tool, dubbed a robo-advisor, developed with machine learning ability, can spot hidden gems in the financial market, allowing users to capitalize on opportunities they would manually miss.
The platform grants users access to many digital assets across diverse categories. With RCO Finance, investors can build a portfolio containing shares, stocks, derivatives, exchange-traded funds, cryptocurrencies, and real-world assets, all in the same wallet.
However, the fascinating part of RCO Finance’s offerings is that its AI-powered robo advisor can invest in any lucrative asset without requiring human input. Still, it can also design a portfolio tailored to individual investors’ financial needs and risk forbearance.
RCO Finance’s no-KYC feature allows users to onboard the platform without giving up personal information, promoting privacy.
Some benefits of using RCO Finance include enjoying real-time AI-powered market prediction to increase win rates, borrowing and lending with very little fees, up to 50X leverage on trading, high staking returns, and access to enhanced trading tools. The platform issues a debit card to enable users to withdraw and spend their profits in real-time.
Users can earn staking and tier-based rewards, access airdrops, and vote toward ecosystem governance. The safety of every user is at the top of RCO Finance’s preference scale, so the platform undergoes thorough auditing conducted by the blockchain security company SolidProof. With a user-friendly interface, beginners and expert investors can navigate the platform seamlessly.
RCOF Defies Bearish Market Trends Amid Presale
What differentiates RCO Finance from other cryptocurrencies, especially amid the ongoing downturn, is its defiance of current market trends.
While assets like the XRP tank continue to gain upside momentum, RCOF continues to gain momentum. Nevertheless, it is now trading at $0.0343 in Stage 2 of its presale, but only temporarily.
The best part about investing in RCOF is the possibility of flipping a mere $100 into $10,000 within a short timeframe.
Expected to list at $0.6, the token will soar 3,000% or make investors 30X their invested capital at launch. However, experts believe the token can continue as high as $1.27 after its exchange listing, indicating a potential 100X gain.
For more information about the RCO Finance Presale:
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