DeFi
Is Bitcoin Panic Coming? Data Shows Altcoins Have 90% Chance of Bounce Back Despite Selloff
Bitcoin price has been at the center of the cryptocurrency buzz for quite some time now. The flagship cryptocurrency has not been as immune to market surges as users expected. The massive selloffs have affected the price of BTC, dragging the token deeper into bearish waters.
And as expected, many altcoins are moving sideways due to Bitcoin’s decline. However, this may not last long; even some tokens are defying the odds. A new Ethereum DeFi project is emerging on the cryptocurrency market, and everyone is already talking about it.
First, here’s how the Bitcoin (BTC) token has performed.
Bitcoin’s Decline: ETF Overvaluation, MT Gox Settlements, and German Government Load-Loading
Bitcoin kicked off the new year with a surge in its recently approved ETFs as the cryptocurrency world welcomed institutional traders into the market. These price movements led to an overbought situation on Bitcoin, with the token struggling to maintain its ATH of $73,000.
Other factors have also intensified the bearish reversal in Bitcoin’s price in recent times. The now-defunct Mt Gox exchange put some 3,000 BTC into circulation to settle its trades after its crash about 10 years ago. With traders very likely to sell BTC deposits, this is a bad time to hold Bitcoin.
The German government has also assessed the position of Bitcoin price, deciding to sell its 41,700 BTC to avoid losses. These massive sales will further amplify an undesirable situation; Bitcoin could experience a few days of decline.
Bitcoin Price: The Future and Its Determinants
Clearly, Bitcoin price predictions are not in favor of old investors. Forbes predicted a drop to $50,000 for Bitcoin, and it is no wonder that holders are leaving the platform.
The $60,000 level was a psychological support level for traders. Now that Bitcoin is trading at $56,410 with no hope of recovery in the near term, traders are looking to major altcoins that are expected to surge even amidst the chaos.
The Ethereum DeFi trading platform, RCO Financeis one of these altcoins.
RCO Finance has use cases in the trading industry, although most cryptocurrency users can also find other alternatives to make profits. But first, RCO Finance’s features are related to the average trader’s ability to reach profitable 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 completely overlook the pain points of the average DeFi trader.
But not RCO Finance. The platform places the well-being of traders at the heart of its projects, since the revolutionary AI, Robo Advisor, You can choose from various trading assets. Robo Advisor acts as your virtual assistant turned financial broker as the program learns your trading habits before suggesting trading tips.
Because it relies on advanced programming and machine learning algorithms, Robo Advisor’s advice is arguably of the highest quality possible. And since most of the top cryptocurrencies are in bearish zones, you’ll find RCO Finance’s detailed advice and AI insights helpful.
We also mentioned various business assets. RCO Financeyou can add digital assets to your portfolio, from stocks to bonds and even currency pairs. So, play to your strengths with RCO Finance today; the decentralized market is yours.
Enter via the RCO Finance presale
The Robo Advisor tool will quickly change the tone among cryptocurrency traders, as its market insights and advice will help in making decisions in the market.
However, before you can access the benefits of RCO Finance, you must obtain your RCOF tokens. And the pre-sale here is the only place you can get them now.
The tokens are worth $0.0127 eachand when they launch you will earn about 3000% ROI before the sale. You get $30 for every $1 invested in RCOF token. The best part is that this won’t be the end.
Additionally, spikes could see the RCOF pumping through 1000x in the coming months, as the project plans to hold a token burn event that would increase the value of the RCOF token through scarcity.
So now is the perfect time to participate in the pre-sale and reap the rewards of the RCOF launch. At the end of the event, investors whose holdings are valued at $100 during today’s first stage could get up to $3,000.
For more information on the RCO Finance pre-sale:
Visit the RCO Finance pre-sale
Join the RCO Financial Community
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