RCO Finance (RCOF) has smashed a huge milestone in its token presale, courtesy of Shiba Inu (SHIB) traders amid the woes of the meme coin’s layer-2 blockchain Shibarium.
Shibarium suffered a significant decline in active accounts, creating a bearish outlook for SHIB. Given that RCO Finance offers Shiba Inu traders an outlet to trade SHIB profitably, the platform has begun to gain traction among SHIB investors.
Read to find out more about these developments.
Active Wallets On Shibarium Falls 97.6%: Impact On SHIB
According to recent data from Shibariumscan, the Shiba Inu layer-2 blockchain Shibarium recorded a 97.6% reduction in active addresses between August 20 and 22.
In the wee hours of August 20, daily active Shibarium wallets rose to 2,955. Unexpectedly, this number crashed massively to 341 on August 21, then further down to 309 on August 22.
The increase on August 20 was due to a coinciding rise in daily transactions, which amounted to 28,680 on D-day. However, this is not the first time the protocol has witnessed a plunge in active accounts.
Over the last 30 days, the number of active accounts on Shibarium has shrunk by the hundreds, except on August 1, when 1,898 wallets were active.
Similarly, daily transactions on Shibarium have slumped in the last 30 days, with recorded transactions ranging between 1,000 and 5,000. SHIB community members had anticipated a turnaround after the uptick on August 20. Sadly, the crash proved otherwise.
SHIB burn rate also declined during this period, signaling an ebbing condition for the second-largest meme coin. Nevertheless, the coin has gained upside momentum amid the ongoing market-wide recovery, rising 7.41% to $0.0000152 in the last 24 hours.
However, Shiba Inu traders have extended support to RCO Finance (RCOF), a budding cryptocurrency within the Ethereum network.
RCO Finance Makes Trading Shiba Inu Profitable With AI Robo Advisor
RCO Finance has unveiled an innovation that allows Shiba Inu traders to trade the meme coin profitably. This innovation is an AI-powered robot crafted with a machine-learning algorithm, enabling it to understand market conditions and adapt easily.
It can predict the future behavior of an asset, such as a Shiba Inu, via trend and price analyses so that investors can make informed decisions.
Many have asserted that its functionalities are equivalent to those of a financial veteran. Some of these include investment recommendations, identifying opportunities, technical and fundamental analyses, and portfolio management.
It can assist in curating a well-rounded portfolio and investment strategies that align with each investor’s financial goals, needs, and risk appetite.
The most exciting feature of the robo advisor is its ability to operate without human intervention. This implies that it can perform all the functions indicated without the user’s input, including executing trades on their behalf.
RCO Finance also offers some opportunities Shiba Inu traders might find appealing, such as high-yield staking, trading a wide range of assets, low-interest lending and borrowing, and portfolio diversification.
With up to 120,000 digital assets listed on RCO Finance, investors can build a diversified portfolio and manage risks effectively. These assets fall within about 12,500 asset classes, including FX, commodities, cryptocurrencies, derivatives, and real-world assets.
The platform democratizes access to high-profile securities like the Bitcoin and Ethereum exchange-traded funds (ETF), tokenizing them into affordable units for everyday crypto traders.
Further, RCO Finance does not do KYC, yet it is highly secured, with Fireblocks integrated into the platform and a smart contract audit done by giant auditor SolidProof. The European Union’s Market In Crypto-Asset (MiCA) regulations will guide its operations globally.
RCO Finance Breaks New Presale Record With Support From Shiba Inu Investors
With Shiba Inu traders joining RCO Finance’s token presale, RCOF has achieved a notable feat in quickly generating funds.
Notably, the platform has raised over $1.5 million quickly since its presale started. Over 7.3 million tokens were sold during this period, and demand for more is sweeping in extensively.
RCOF is now nearly halfway through Stage 2 of its presale. The token is valued at $0.0343 at this stage, but potential investors can purchase it at a 50% discount using the code RCOF50.
Based on RCOF’s price projection, the token is expected to list between $0.4 and $0.6, indicating a potential 1,000% gain at minimum for current-stage investors. The profit will climb higher following RCOF’s exchange listing, with experts projecting a 2,400% ascension to $10. So, why wait? Join RCOF now!
For more information about the RCO Finance Presale:
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