- Cardano (ADA) Plunges 11% in a Week
- Shiba Inu (SHIB) Tumbles 10% in a Week
- RCO Finance’s Crypto AI Capabilities Steal The Show
Top altcoins like Shiba Inu (SHIB) have performed abysmally over the past week. Cardano (ADA) is also down by double digits despite the network undergoing the much-anticipated Chang hard fork. As a result, investors have started shifting their attention to the new DeFi token RCO Finance (RCOF).
Cardano (ADA) Plunges 11% in a Week
Cardano has plummeted significantly over the past seven days. On August 26, ADA was changing hands at around $0.3724. This was due to the anticipation of the Chang hard fork, initially scheduled for August 27. However, the update was moved to September 1. Despite the successful update, ADA's price did not go up and stabilized at around $0.3293 by September 2, indicating an 11% decrease over the week. The 24-hour trading volume of ADA increased by 72%, showing rising selling pressure.
Shiba Inu (SHIB) Tumbles 10% in a Week
Shiba Inu has recorded notable losses over the past week. On August 26, SHIB was hovering around $0.00001480. It experienced a sharp decline on August 27 after Bitcoin (BTC) fell below $60,000, triggering a market-wide downtrend. By September 2, SHIB had stabilized at around $0.00001335, reflecting a 10% decline over the week. The 24-hour trading volume of SHIB increased by 53%, indicating rising selling pressure from speculative traders.
RCO Finance’s Crypto AI Capabilities Steal The Show
With the weekly charts of Dogecoin and Shiba Inu painting a bleak future, investors are migrating to RCO Finance, an emerging DeFi platform, to hedge against losses. RCO Finance is gaining popularity because it integrates AI and blockchain. The core feature is an AI-powered robo-advisor, which functions as a personalized financial expert for investors. It uses algorithms and machine learning to offer tailored investment recommendations based on risk tolerance and financial goals. The robo-advisor minimizes transaction costs and reduces transaction time, helping investors to complete trades quickly for increased profitability. Additionally, RCO can execute trades on behalf of investors, enabling quick responses to market changes. These features help eliminate emotional investing mistakes, reducing risk.
Cardano and Shiba Inu traders are seeking new opportunities amidst the declining market for these cryptocurrencies, turning their attention to RCO Finance, a new DeFi platform offering AI solutions.
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