Solana meme coin traders involved with Dogwifhat (WIF) and Bonk (BONK) are relinquishing their stakes in these assets despite showcasing bullish projections amid recent declines.
Instead, most of them are shifting to RCO Finance (RCOF) for a 1,640% return on investment in its ongoing presale. As RCOF captures the attention of these investors, WIF and BONK may struggle in the long run.
Let’s learn more about why WIF and BONK traders are going for RCOF.
Dogwifhat Hints At Reversal From Dip
Crypto market commentator Phantom has suggested an impending rebound for Dogwifhat in a recent note to the community.
Taking to X on September 5, Phantom stated that WIF’s Open Interest registered a 16% surge due to traders expecting the coin’s price to bounce. This forecast comes as WIF wallows in the red, owing to the general market decline.
Phantom asserted that WIF’s potential rebound will likely hold even though the asset is trading 66% below its March 2024 high.
At the time, WIF experienced remarkable growth, with the coin’s price peaking at $4.86. However, the bears subsequently took control of the asset, which has since spiraled downward.
Phantom referenced analysts’ predictions that WIF could recover the $2.40 price level during the rebound despite its static pose. It predicted increase translates to a 52.80% increase in WIF’s current value. Based on market data, WIF is trading at $1.47, down 3.45% in the last seven days.
Bonk Expected To Witness A Surge
Solana meme coin Bonk is on the verge of a rally based on recent on-chain metrics readings. Specifically, CoinGlass, an on-chain analytic firm, revealed in its latest report that BONK’s long/short ratio shows investors bullish on the asset. The ratio is currently at 1.0264, of which anything above one is considered bullish.
Also, the future Open Interest for BONK has been on the rise, climbing 11% in the last 24 hours. The Open Interest and long/short ratio data indicate buyers may soon take over the BONK market. This turnout will result in the mem coin gaining upside momentum again.
Moreover, BONK outperformed major players in the crypto sector, like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), despite the prevailing bearish trend. Yet, the coin is still wallowing under the 200-day Exponential Moving Average line on the 1-day timeframe, suggesting a downtrend. Per market data, BONK is down 9.52% in the last seven days to $0.0000157.
RCO Finance is generating buzz as Dogwifhat and Bonk remain trending down the road. Its crypto AI tool, a robo-advisor, is drawing the interest of market players, given its potential to help them amass significant gains. This tool uses algorithmic programs to assist traders in their trading journey.
The robo-advisor locates opportunities that traders can capitalize on for gains. Given its analytic ability, it can determine the best assets to invest in by deeply analyzing the assets investors show interest in.
For instance, if an investor is interested in an AAPL stock, the robo-advisor can tell which direction the stock will likely go subsequently using prevailing trends, sentiments, price actions, structures, and the general outlook of the stock.
Over 120,000 digital assets are on the RCO Finance platform. The robo-advisor can help investors develop personalized strategies to trade their preferences on this list to achieve their trading targets. This process makes it easier to generate profit and boost win rates.
Also, RCO Finance has been audited by blockchain security firm SolidProof to guarantee the safety of users’ assets. As a KYC-free, user-friendly platform, it is suitable for beginners looking to begin their trading journey without going through registration hassle. The European Union’s MiCA framework will regulate the platform to further protect users across Europe and the globe.
RCOF Set For A 1,640% Increase In Presale Value
RCOF can deliver a 1,650% price surge in its ongoing presale. From its current price of $0.0343, an increase of this magnitude will push the price as high as $0.6. Interestingly, the asset can also list at this price.
Token holders will receive quarterly dividends, tier-based rewards, and voting privileges. They will also enjoy a 50% discount on every purchase at the current presale stage. Hence, it is important not to stall and join the presale now.
