RCO Finance (RCOF) Gains Ground Against Solana and Ethereum
The post RCO Finance (RCOF) Gains Ground Against Solana and Ethereum appeared on BitcoinEthereumNews.com.
Advertisement     RCO Finance (RCOF) is a much better hedge than Solana (SOL) and Ethereum (ETH). Namely, RCO Finance is a much newer project, offering utility like we’ve never had. Meanwhile, Solana and Ethereum are established players. On the other hand, experts say that RCO Finance will rally regardless of the results, as its utility goes beyond the crypto market! Increased Bot Activity Holds Solana’s Future in Their Hands It’s no secret that Solana is one of the most used networks for transfers and meme coin trading. As the leading meme coin hub, Solana has experienced massive surges in usage over the past months. Now, Solana has 100 million active wallets, but the problem is that most of them are empty. Out of the 100 million Solana wallets, more than 86 million hold no SOL, signaling huge bot activity. This could be quite bad for Solana, as bots greatly decrease the user experience of a blockchain. Currently, SOL is trading around the $153.10 mark, a 15.57% increase from its price a month ago. However, SOL’s trading volume is down, and experts see no significant moves for SOL until the election is over. Advertisement   Ethereum Has Been Stagnant All Year: What’s Next for ETH? Due to high gas fees and slower transactions, more and more crypto adherents prefer networks like Solana over Ethereum. This has been clear since the start of the year, and Ethereum’s price has shown it, as ETH has been trading sideways or downwards for most of the year. Also, ETH has yet to breach that $3,000 level, and experts say that, depending on the election results, ETH might not be able to do so for the rest of the year. Currently, Ethereum is the second biggest crypto by market capitalization, at $16.51 billion. ETH is…
Filed under: News - @ October 20, 2024 8:59 pm