Amid recent developments, Bitcoin (BTC) and Shiba Inu (SHIB) stopped moving progressively higher on the charts. Meanwhile, Ethereum-based altcoin RCO Finance (RCOF) continues its 1,244% presale rally.

As a result of the latter’s positive price action, crypto investors have turned their focus to RCOF as it defies the bearish market trend.

Read to discover how RCOF manages to forge ahead while its contemporaries stall.

 

Bitcoin Crashes Beneath $66,000 After Mt. Gox’s $2 Billion Transfer

On July 31, the flagship cryptocurrency Bitcoin (BTC) fell under $66,000 following reports that dysfunctional crypto bourse Mt. Gox had authorized a $2 billion transaction.

The transaction took place a day earlier and involved transferring 34,000 BTC valued at $2.25 billion to a new address. This Transfer suggests that the exchange might have begun reimbursing creditors victimized by the 2014 wipeout.

Arkham Intelligence, an on-chain activity tracker, noted that 33,963 BTC now sit in the wallet. Meanwhile, it is obscure why the exchange resolved to move the specified funds, whether to begin repayment or simply a mere relocation. What is clear, however, is the price of Bitcoin plummeted to $65,400 subsequently.

Crypto market players are keen to see how the premier cryptocurrency reacts going forward, considering the epic decline amid the German government’s protracted offloading of confiscated Bitcoins that pushed BTC below $55,000.

Glassnode also reported that 45% of BTC’s circulating supply is now in the hands of long-term holders after Mt. Gox distributed 59,000 Bitcoins out of the 142,000 units recouped from the hack. In the meantime, BTC is exchanging hands at $66,417, losing 0.14% of its value.

Shiba Inu Stops Uptrend

Shiba Inu (SHIB) has recently experienced a pushback around a notable resistance level that has caused its price to slump drastically.

This reaction resulted in market players exercising caution while monitoring market trends, on-chain data, and technical indicators to determine future behavior. Per IntoTheBlock’s data, the resistance level ranged between $0.000024 and $0.000026.

This price level is significant because 63,840 wallets acquired 58.91 trillion SHIB tokens at an average price of $0.000025, creating a stumbling block for buyers. SHIB’s bullish momentum faded when the price moved close to this level. Unless buyers can engulf sellers at this price level, it is unlikely that SHIB will move past it.

While the cause of the braking remains obscure, market dynamics and other factors might be worth considering. SHIB has been down 5.60% to $0.000016 in the last seven days. Market players are watching how the price plays out in the coming days.

RCO Finance Attracts Users With AI-Powered Market Predictions

The advent of artificial intelligence (AI) has incited a major shift across multiple industries, including crypto. With projects like RCO Finance leading the AI saga, access to AI-powered innovations has never been easier. One of the standout features of RCO Finance’s AI-driven tool is its machine-learning programming, which enables it to offer insights into an asset’s posterior behavior.

RCO Finance is an Ethereum-developed decentralized trading platform that uses an AI-powered robo-advisor to provide automated investment services to users. This robo-advisor can understand market dynamics, trends, patterns, sentiment, and price actions and make investment decisions based on its findings.

For instance, for the many offerings available to RCO Finance users, such as cryptocurrencies, stocks, shares, derivatives, and real-world assets, the robo-advisor can update itself with the necessary information to determine when to initiate a buy or sell order on each asset, thanks to its machine-learning model.

The platform offers many enticing incentives, including a tier-based reward, access to airdrops, priority support, mostly for RCOF holders, and lots more. It is KYC-free, meaning personal information is exempted for potential users. Blockchain security firm SolidProof audited RCO Finance to ascertain user safety.

RCOF En Route To Completing 1,244% Rally

RCO Finance allows crypto investors to recoup losses incurred from Bitcoin, and Shiba Inu dips through RCOF’s presale. In Stage 1, early investors are poised to realize a 169% ROI as RCOF enters the next stage. By the subsequent rounds, their profit would have skyrocketed to 1,244%.

However, it is worth noting that that is only the tip of the iceberg. With RCOF’s launch price fixed at $0.4 and $0.6, investors could realize 30X their initial capital.

Investors need not fear a hard dump amid profit-taking as the ecosystem’s tokenomics is structured to repel liquidity crunch once listed.

The best time to take advantage of this opportunity is now!

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