The post Why smart money is switching from XRP and ADA to RCO Finance appeared on BitcoinEthereumNews.com.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Experienced traders shift gears from Ripple and Cardano to RCO Finance as the presale scales. The October crypto market rally has slowed, with popular coins like Ripple (XRP) and Cardano (ADA) recording little movement over the past week. As a result, savvy investors have changed strategies by embracing RCO Finance (RCOF), a new presale token that has raised a whopping $3.67 million thus far.  Why is RCO Finance pumping as Ripple and Cardano flounder? Let’s find out! XRP gains 2% in a week: Will bulls press on? Ripple has performed underwhelmingly over the past seven days. This lackluster performance comes despite the current altcoin season. On October 11, XRP was changing hands at around $0.5382. Following days of range-bound trading, XRP gained momentum on October 15.  This spike came after Ripple announced its partners for its RLUSD stablecoin. The stablecoin now awaits regulatory approval. This news saw Ripple jump as high as $0.5617 on October 17 before returning. By October 18, Ripple had stabilized at around $0.5500.  This price means XRP has surged 2% in a week. Moreover, the buzz about the recent news seems to be fading quickly, as the 24-hour XRP trading volume has plummeted 14%. If this trend continues, Ripple will likely plunge further, which explains why investors are shifting from Ripple.  Cardano surges 1% in a week: Will bulls pump further? Despite the ongoing bull run, Cardano has showcased a weak performance over the past week. On October 11, ADA was changing hands at around $0.3368. Cardano gained bullish steam due to several positive developments, including Binance MENA announcing its support for the 2024 Cardano Summit in Dubai.  Also, the Cardano Foundation voted on ‘Cardanoの生きがい…

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Filed under: News - @ October 21, 2024 11:23 am