Following a protracted period of cumulation that spanned 525 days, the altcoins market is now ready to resume trending higher, according to recent market data. In light of this, crypto whales are positioning themselves to cash in on the imminent altcoin rally by adding Book of Meme (BOME), RCO Finance (RCOF), and Ripple (XRP) to their watch list. Experts speculate this could be the best time to buy these coins.
Let’s find out whether or not they are right.
On August 1, Ki Young Ju, the founder of the market intelligence platform CryptoQuant, asserted that the next altcoin rally is just around the corner. He made this claim amid debates amongst traders about when altcoins will experience another significant leg up.
Ki Ju hinged his claim on the annual Cumulative Buy/Sell Quote Volume Difference readings for altcoins. This metric measures the discrepancies between buy and sell limit orders over one year.
Ki Ju noted that the whales prefer trading with limited orders to evade slippage taxes. The Cumulative Quote Volume steadily increased on the buy side, indicating a “strong buy wall” for altcoins. Consequently, altcoins like Solana (SOL), Polygon (MATIC), Book of Meme (BOME), and Ripple (XRP) will eventually bask in the boon of the incoming rally.
BOME has displayed strength against the prevailing weakening price movements in the market, surging higher while the rest of the market collapses. Notably, after six weeks of consolidation, BOME staged a remarkable rebound from a critical support level. However, the meme coin has yet to mark this turnout as bullish.
Having traded for weeks within a descending triangle, BOME’s trading volume has begun to increase. This development could help the bulls push the coin above the $0.012 resistance level. BOME is currently down 6.17% to $0.0094, a temporary correction after a recent upshift.
As news of an impending altcoin rally surfaces, RCO Finance is gaining more interest from crypto investors. The decentralized trading platform is one of the latest projects built on the Ethereum blockchain. It is notable for its AI application via a machine-learning tech called a robo-advisor.
The robo-advisor enables users to enjoy automated trading and invest in several assets without involvement. Given its machine-learning ability, it can unearth hidden opportunities in the market that investors would miss manually and invest in such assets on behalf of an investor.
With over 120,000 digital assets on RCO Finance, including derivatives, stocks, ETFs, shares, and cryptocurrencies, the robo-advisor gives investors an edge in trading the most profitable assets.
RCO Finance demonstrates dedication to users’ safety, privacy, and accessibility through its SolidProof smart contract audit, NO-KYC feature, and user-friendly interface.
To increase their chances of success, users can enjoy up to 50X leverage on trading, high yield on staking, 24/7 market coverage, and access to an advanced trading tool. The platform issued a debit card to enable users to spend profits in real time and also execute onramp and offramp transactions.
Ripple’s XRP witnessed a notable uptick to $0.65, a four-month high, on July 31. This increase constitutes XRP’s best monthly performance this year, recording a 33% uptick throughout last month. The rally positions XRP ahead of top players like Solana in July.
Experts credited the recent rise in XRP’s value to increasing interest in the Ripple coin from retailers and whales. This report is reflected in the 165% growth in its trading volume to $2.5 billion in 24 hours. XRP currently trades at $0.59, down 5.8%.
Investors scouting for the best cryptos to invest in before the expected altcoin rally consider RCOF a viable option. Lately, RCOF has experienced significant progress in its presale due to the attention it is getting. In particular, the token is approaching the end of Stage 1, preparing for an entry into Stage 2.
Entering the next stage will trigger a 169% profit on capital invested. By the end of this sale, investors will be sitting on a 3,000% gain. That means $1,000 invested in RCOF at its current price of $0.0127 will grow into $30,000 when it lists at $0.4.
For more information about the RCO Finance Presale:
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