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This Crypto Analyst Recommends Buying XRP, ADA, and RCOF Before the Bull Run Intensifies

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2024-08-29 09:42:11700browse

After generating massive weekly gains, top altcoins like Ripple (XRP) and Cardano (ADA) have performed variably. Still, a crypto analyst believes

This Crypto Analyst Recommends Buying XRP, ADA, and RCOF Before the Bull Run Intensifies

Top altcoins like Ripple (XRP) and Cardano (ADA) have had varying performances over the past week. However, a crypto analyst believes that buying XRP, ADA, and RCO Finance (RCOF) before the crypto market rally intensifies is a wise investment decision. Here's why.

Ripple (XRP) has seen minimal price movements over the past week. On August 19, XRP was trading at around $0.5984. After holding this level for a few days, XRP gained momentum on August 23 following Bitcoin's (BTC) surge over $64,000, which triggered a market-wide uptick. This resurgence saw XRP trade as high as $0.6304 on August 24.

However, XRP failed to maintain the uptrend and began correcting downward. By August 26, XRP had stabilized at around $0.5869. This price indicates that XRP has slipped by 1% in a week. Despite the minimal price movements, the 24-hour XRP trading volume has surged by 28%, showcasing growing interest in XRP.

This growing interest in XRP could be a reason why the crypto analyst recommends investing in XRP before the crypto market continues its rally.

Cardano (ADA) price has seen decent gains over the past week. On August 19, ADA was trading at around $0.3359. After holding this level for a day, ADA gained traction on August 20 after Cardano co-founder Charles Hoskinson announced that the Chang hard fork would ship on August 27.

This announcement generated massive hype, pushing ADA as high as $0.4012 on August 14. However, the excitement about the upcoming Chang hard fork started fading, and ADA began correcting downward. By August 26, Cardano (ADA) had stabilized at around $0.3688. This price indicates that ADA has surged by 9% in a week.

Furthermore, the 24-hour ADA trading volume has increased by 7%, indicating steady investor interest. This could be why the crypto analyst advises investors to buy ADA before Cardano undergoes the much-awaited Chang hard fork, which is expected to trigger more gains.

While XRP and ADA's long-term standing as top-20 altcoins makes them viable long-term investments, RCO Finance (RCOF), a new Ethereum token, is making headlines for entirely different reasons. RCOF has caught the attention of this crypto analyst because of its AI and blockchain-powered features.

The leading feature of the RCO Finance platform is its AI-powered robo advisor. The RCO Finance robo advisor is the only 100% AI-powered trading tool in the crypto market.

Moreover, the RCO Finance robo advisor stands out because it leverages advanced algorithms and machine learning to offer investment recommendations. This approach contrasts with traditional financial advisors, who rely on emotions and cognitive biases to offer investment tips. As such, RCO Finance users can significantly raise their chances of profitability by integrating the robo advisor’s recommendations into their investment strategies.

In addition, the robo advisor can track market conditions 24/7, curating a list of potentially profitable investments to ensure no opportunity goes untapped. Amazingly, the robo advisor can automatically execute trades on an investor’s behalf, saving them time and costs for a smooth investment experience.

Adding icing to the cake, the robo advisor provides free tax and financial legal advice to help investors observe regulations during their investment journeys.

These perks explain why this crypto analyst is urging investors to buy RCOF, RCO Finance's Ethereum token, now.

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