Dogecoin and PEPE Lose Spot of Altcoin Most Likely to Rally 1,000% to RCO Finance, Here’s Why
The post Dogecoin and PEPE Lose Spot of Altcoin Most Likely to Rally 1,000% to RCO Finance, Here’s Why appeared on BitcoinEthereumNews.com.
Despite recent rallies, popular memecoins Dogecoin (DOGE) and Pepe (PEPE) struggle to sustain their gains. Dogecoin’s market cap of $25 billion makes growth of 1,000% unlikely, while the other altcoin–PEPE faces key resistance levels. In contrast, RCO Finance (RCOF) is aiming for a 1,000% increase before the end of the presale, driven by its innovative DeFi platform and AI tools, and strong presale performance. Here’s why this new altcoin–RCOF could outshine these memecoins in the coming months. Dogecoin Surges Over 30% Amid Strong Accumulation Dogecoin surged over 30% in the past week and was trading around $0.145 in mid-October. It was accompanied by a massive 1,856% increase in large holder netflows, which indicates strong accumulation by major players. This spike in netflows helped it outperform the top 50 cryptocurrencies in weekly gains. Experts say DOGE has managed to turn key support levels, like the 50-week SMAs into a new price floor of around $0.119. The next targets for this altcoin are $0.17 and $0.19, while the 50-day MAs at $0.108 are expected to serve as significant support. Yet, experts say Dogecoin has a huge market cap of $25 billion and it’s too hard to have a 1,000% rally from here. Pepe Tests Key Resistance at $0.00000109 Pepe climbed over 12% in the past week and was trading around $0.0000107 in mid-October. This rise marks a recovery after a recent dip, boosting market confidence. The influx of liquidity has pushed PEPE to test key resistance at $0.00000109. PEPE’s consistent buying pressure indicates growing confidence among traders. Technically, PEPE shows a cautiously optimistic outlook. This altcoin chart reveals a bullish pattern of higher highs and higher lows, while the RSI remains in neutral territory. Additionally, a ‘golden cross’ formation further supports a bullish future. If PEPE breaches the current resistance at $0.00000109,…
Filed under: News - @ October 23, 2024 1:08 am