Former US President Donald Trump has backed crypto, endorsing Ethereum (ETH) and Bitcoin (BTC). Meanwhile, a new DeFi project looks set to take over the cryptocurrency market with its unique offerings and unrivaled growth potential.
Will this project become as successful and popular as Ethereum and Bitcoin? Let’s get the latest from the experts.
Donald Trump Endorses Crypto: Impact on the Ethereum Project
According to a recent report, former President of the United States of America, Donald Trump, has declared support for cryptocurrencies ahead of the forthcoming presidential elections.
This announcement has sparked increased enthusiasm about cryptocurrency, including Ethereum, resulting in an upswing for the top altcoin. Ethereum is currently trading around the $3,800 mark, according to CoinMarketCap data.
Interestingly, ETH is on track for a spectacular surge, according to a recent analysis by VanEck, a major asset management firm. The estimate is that ETH may rise to $5,000 by the end of the month.
Amid the recent market bear wave, Ethereum has maintained a positive momentum, with bullish predictions dominating for the crypto giant. These predictions suggest that a major surge is underway for Ethereum.
Bitcoin Consolidates Despite Trump’s Support
Unlike Ethereum, the former President’s pronouncement failed to spark a surge for BTC. The price of Bitcoin declined by 2.73% to $67,544 over the last few days, according to data from TradingView.
On the hourly chart, Bitcoin’s price is in the middle of a narrow trading channel. Buyers might consider initiating an upward move only if they push the BTC price back to the $69,500 zone. Achieving this could open the possibility of a resistance breakout.
Meanwhile, the situation remains unchanged on the daily time frame. Neither bulls nor bears show dominance, suggesting that sharp price movements are unlikely.
Overall, sideways trading around the $69,000 mark is the most probable scenario in the short term.
From a midterm perspective, Bitcoin has again failed to maintain a position above the $70,000 zone. A correction to the $66,000 range can be anticipated as long as the price stays below this mark.
Amidst Donald Trump’s Endorsement, Experts Recommend RCO Finance
Donald Trump’s recent comments and positive sentiment towards the crypto sector suggest a seismic shift among top economic decision-makers may be brewing.
As a result, analysts say that only DeFi projects with real-world utility stand to benefit from this paradigm shift. Hence, they have backed RCO Finance, a new DeFi project. But what is this project all about?
RCO Finance is a new DeFi project that allows investors to invest in various tokenized real-world assets (RWA). With access to over 120,000 global financial instruments for trading and investment, investors have various choices, enhancing their chances of consistent profitability.
RCO Finance also boasts several unique features that make it an appealing option for crypto investors. The platform’s native token, RCOF, is crucial in developing the RCO Finance ecosystem.
Moreover, RCOF holders benefit from cash flows through various incentive programs, passive income opportunities, and participation in protocol votes.
The platform also offers attractive interest rates and borrowing and lending services. These allow investors to access additional capital for trading and potentially earn significant returns.
Additionally, RCO Finance operates without requiring KYC, ensuring user privacy. To boost investors’ confidence, RCO Finance has its smart contract audited by SolidProof.
A key feature of RCO Finance is its AI-powered robo advisor, which leverages advanced algorithms and machine learning to analyze market trends and identify profitable opportunities. The robo-advisor can execute trades automatically, helping investors capitalize on potential gains without delay.
Investors using RCO Finance can take advantage of up to 50x leverage and benefit from round-the-clock market coverage, significantly increasing their potential for high profits.
RCOF Presale: Your Gateway to 5,000% Returns!
RCO Finance has solidified its position in the crypto market, highlighted by the ongoing presale of its RCOF token, currently priced at $0.01275 in Stage 1.
Over 20 million RCOF tokens were sold in Stage 1 of the presale. In Stage 2, the RCOF token price is expected to rise to $0.0343, a 169% increase.
Interestingly, early RCOF investors could see gains exceeding 5,000% when the token price reaches its projected value of $0.6 by the end of the presale. These investors also have the chance to win gifts and cash prizes totaling over $100,000.
Therefore, investing in RCOF now offers the potential for significant returns, especially as altcoins continue to gain traction. Seize the moment and join the DeFi excitement!
For more information about the RCO Finance Presale:
Visit RCO Finance Presale
Join The RCO Finance Community