Adherents with large Shiba Inu (SHIB) holdings sell off their tokens as the meme coin’s price falls. Meanwhile, RCO Finance (RCOF) records increased interest.
What is the cause of SHIB’s price decline? And why are many moving to Ethereum tokens like RCO Finance? Let’s find out!
Whales Sell Their SHIB Tokens As Price Falls
A recent report showed that big holders are divesting their portfolios of SHIB tokens. Over the preceding 30 days, holdings between $100,000 and $1 million have been reduced by 6%.
Similarly, holdings between $1 million and $10 million have dropped by 3%, while $10 million+ holdings have decreased by 6%. Large transactions have also fallen by 5%.
This latest departure by Shiba Inu whales can be traced to the continuous slump since early March 2024, when it crossed $0.000035 for the first time since December 2021. SHIB has since lost 62.9%.
The whales have become uncomfortable with five months of persistent losses and decided to sell their SHIB tokens.
Analysts say SHIB could still fall to $0.000011 later in 2024 due to unfavorable market conditions occasioning sustained sell pressure. However, SHIB holders can consider Ethereum tokens like RCOF to safeguard their assets.
Why RCO Finance Is Top Choice
RCO Finance is attracting new holders because of its revolutionary use case, solid tokenomics, lucrative presale, and considerable growth potential. It is primarily an AI-powered decentralized trading platform built on the Ethereum blockchain. It allows users to trade real-world assets, such as bonds, stocks, commodities, real estate, etc., with their crypto tokens.
The platform eliminates brokers, provides up to 50x leverage, charges low fees, and gives traders full control of their activities.
The AI component is the robo advisor, which utilizes complex algorithms and machine learning techniques to generate actionable trading insights.
This trading advice helps to choose the right asset at the right time, reduce time spent watching the market, and shorten the learning process.
Additionally, RCO Finance offers many other innovative features. For example, traders can earn additional income from lending their tokens through the Lending Protocol.
They can also earn further rewards by using their tokens to provide liquidity for the numerous trading pairs on the platform. Their tokens can help RCO Finance fulfill its automated market-making function on decentralized exchanges (DEXs).
Users can also access RCO Finance’s revolutionary debit card. The card is linked to ownership stakes on DeFi protocols and exchanges, allowing holders to complete transactions across traditional and decentralized finance spaces. It can also convert crypto to fiat currency.
Importantly, RCO Finance’s no-KYC policy protects holders’ anonymity and privacy. SolidProof, a reputable audit firm that guarantees reliability and security, has also audited the protocol’s smart contracts.
These fantastic features have led to new inflows into RCO Finance. However, the lucrative presale is the icing on the cake.
How To Buy RCOF And Enjoy Massive Profits
RCOF is the protocol’s native token. Its supply is 800 million, with 50% allocated to the public sale. 20% is for ecosystem development, while liquidity/market-making receives 12%.
Private sales and marketing get 5% each, and the team and advisors get 4% and 2%, respectively. The final 2% goes to ecosystem rewards.
You can purchase RCOF on the website during the ongoing presale. The presale is in Stage 2, and the token is sold for $0.0343.
Adherents who buy RCOF in Stage 2 will earn a whopping 1,066% when the token launches at $0.40. RCOF is an excellent way to preserve value while tokens like SHIB experience price decline.
Other perks of owning RCOF include voting rights on governance proposals and significant discounts on trading fees.
Staking their RCOF tokens can earn them up to 88% APY. Token holders also enjoy a share of the platform’s revenues as dividends, which range between 1% and 6%, depending on the amount of token held.
Therefore, you can infuse in RCO Finance and join other smart holders in growing your crypto portfolio despite a wider market slump.
For more information about the RCO Finance Presale:
Join The RCO Finance Community
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.
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