The post Analyst Draws Timeline for the Bitcoin Price Will Hit a New ATH, Which ETH Altcoins Are Heading Higher with BTC? appeared first on Coinpedia Fintech News
A cryptocurrency expert has predicted that Bitcoin (BTC) will reclaim its all-time high if it remains above $45,000 in a year. Given that altcoins, including Ethereum (ETH), mirror BTC’s performance; market players focus on Ethereum altcoins like RCO Finance (RCOF) to imitate the expected Bitcoin rally.
Let’s investigate the basis of this analyst’s claim and consider how RCO Finance might react to BTC’s direction.
Expert Forecasts Bitcoin Will Reclaim ATH In A Year, But Condition Applies
Ki Young Ju, founder of market intelligence platform CryptoQuant, has made a compelling case about when Bitcoin will likely reclaim its all-time high. In a tweet on August 6, Ki Young Ju opined that the premier cryptocurrency can recapture its all-time high in a year. However, it must maintain a level above $45,000.
Ki Ju remains optimistic about the future of cryptocurrencies amid looming bearish indicators across the financial market after Bitcoin recoils from the August 4 dip.
However, he cautioned the market to be vulnerable. Nevertheless, he believes Bitcoin could return in the next week or two, provided it remains afloat at current levels.
Furthermore, Ki Young Ju added that delayed upside movement could give rise to a bear market. He compares the current market condition to the 2020 situation rather than late 2021. He said macroeconomic factors contributed immensely to the downturn, not fundamentals.
For instance, old whales are handing their Bitcoin holdings to new whales, and institutional investors are more active than retailers. Yet, this shift could impact the market positively in the long run. Bitcoin continues to wallow around $55,196, down 1.48%.
RCO Finance Will Mimic Bitcoin’s Impending Rally
With Bitcoin poised for a rally soon, Ethereum altcoins like RCO Finance’s token RCOF are expected to follow suit. This coin has recently been an attention-grabber, especially among institutional investors.
In addition to focusing on Bitcoin, these investors are also interested in RCO Finance because of its many incredible features.
These features include an AI-driven robo advisor, an all-encompassing trading suite, and a lucrative presale. The robo-advisor is equivalent to a financial manager or broker, informing investors about the best asset and when to opt in and out of an investment. This advisor helps RCO Finance users create strategic investment plans and execute them without human input.
As an all-inclusive trading platform, RCO Finance embodies diverse asset classes, such as stocks, derivatives, real-world assets, cryptocurrencies, and exchange-traded funds.
Investors can trade assets under these classes with cryptocurrencies without converting their crypto into fiat. Investors can diversify their portfolios and maximize gains by accessing numerous asset classes.
The platform undergoes constant examination by reputable blockchain auditor SolidProof in case of latent hazards. It facilitates user privacy through its KYC-free onboarding routine and promotes accessibility and ease of navigation through its user-friendly interface.
It gives out low-interest loans to users, charges lesser fees on trading, permits up to 50X leverage, offers high yield on staking, provides 24/7 market updates, and issues tier-based rewards to loyal users to enlarge their investments.
RCOF’s Presale Set To Explode
While the rest of the market crumbled, RCOF continued attracting users to its ever-progressing presale. The token now sells at $0.0343 per token, preparing for a 337% lift. This upshift will move it from Stage 2 to Stage 3 of its presale.
Set to list around $0.4 and $0.6, early presale investors would have increased their initial capital at least thirtyfold at launch. At the current price, investors can still multiply their capital 18X. So, it is better to invest in RCOF now to scoop significant profit.
For more information about the RCO Finance Presale:
