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Press Release

AVAX and BONK Traders Dump Part of their Bags and Turn Attention to Ethereum-Based RCO Finance

Author

Jay Solano

Tags

Reading time

4 mins
Last update

Author

Jay Solano

Tags

Category

Press Release

Reading time

4 mins
Last update

Author

Jay Solano

Tags

Reading time

4 mins
Last update

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Avalanche (AVAX) and BONK spiked significantly during the week, as both tokens ended a generally dismal June on a strong note. Avalanche was on 20% profits at the start of the week, and BONK led the meme coins to profits from last week, but both tokens are in their correction phases now.

Since their traders are already at a loss, they are also looking for the next trending token to invest in. That’s pretty easy to find; RCO Finance (RCOF) offers 3000% profits to its earliest buyers!

Still, the new face of DeFi trading has more to offer its users.

Avalanche Hits Loss From Death Cross

Avalanche enjoyed a mix of whale accumulation and strong price reversal forces to break into a 20% spike last week. While the rest of the top cryptos shed their prices, AVAX stayed on its uptrend, carrying the momentum into the new week.

However, recent market indicators have pointed out that the AVAX token is falling into a bearish dip. Avalanche seems to be caught in a falling wedge, and that too, under a death cross. The death cross occurs when the 200-day EMA crosses over the 50-day EMA, and it typically keeps the token price under, preventing any bullish trend for a period.

In the past 24 hours, Avalanche has lost about 6.4% of its value. Despite 48% of investors holding their AVAX tokens for over a year, the Avalanche ecosystem might soon see some investor withdrawal to Ethereum.

BONK Price Tanks Again

The Solana meme coins were the crypto favorites at some point, as their breakout into the mainstream got investors in a chokehold. But with so little utility, it was only a matter of time before BONK returned to trading like a regular meme coin.

The BONK spike earlier in the week was attributed to Bitcoin’s surge to $62,000 on Monday. Meme coins have a strong positive correlation with Bitcoin prices and were a major catalyst for their rally. 

However, most analysts predicted a risk of a dead cat bounce at the time, and from BONK’s latest price movements, that is the case here.

A dead cat bounce occurs when a token rises briefly from a downtrend only to resume that downtrend in a few days. BONK rose to 32% above its monthly low, but the token might soon be back in that support.

With the future looking quite bearish for Avalanche and BONK, there’s little surprise that their holders are looking to the new DeFi project on Ethereum for fresh gains.

And RCO Finance will deliver accordingly. First, let’s have a look at the features. 

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RCO Finance: Introducing the Tools for Profitable Trading

DeFi trading is taking a turn for the better with RCO Finance. The volatile market makes it difficult to pick profitable trades nowadays, and many investors have resorted to trading the more risky perpetual derivatives like futures and the lesser-known Bitcoin ETFs.

In rough market terrains like that, the best step is understanding what the market could look like. And RCO Finance’s platform offers just the solution.

The Robo Advisor is an AI/ML-enhanced program that offers traders a full scan of the crypto market. It allows them to make the best decisions and provides suitable market entry and exit strategies to maximize profits. 

Think of Robo Advisor as a financial broker/assistant constantly looking for the best ways to secure the health of your trading portfolio.

The best part is that crypto tokens are not the only tradable on RCO Finance. You get the full suite of assets, from shares to bonds and even Forex, so you can always switch to the more profitable ventures when crypto is looking down.

Realize Your Summer Profits With RCOF’s Presale!

2024 promises huge profits, especially from AI tokens, and RCO Finance intends to deliver them. Apart from its Robo Advisor, which would be useful for traders, the project guarantees security and privacy.

On the RCO Finance platform, users can trade and carry out different transactions without any KYC requirement. What’s even more impressive for users is how the project guarantees the safety of their transactions. RCOF’s smart contract is secure and audited by leading security firm SolidProof. 

RCOF tokens are in their first presale stage, selling at $0.0127 per coin. The presale period has a 3000% ROI, which means your $500 investments could become $15,000 in a few weeks. 

As the platform becomes even more popular, you can always expect more consistent spikes. This is a plan for long-term profits. Don’t miss out!

For more information about the RCO Finance Presale:

Visit RCO Finance Presale 

Join The RCO Finance Community