A major investor in Shiba Inu (SHIB) is scouring the crypto market for something that could be considered bold and daring.
Shiba Inu trader claims he can prove it is possible to grow his portfolio to $1 million by choosing the right crypto assets before the price spike.
Three cryptocurrencies currently make up the bulk of his portfolio. These are Dogecoin (DOGE), RCO Finance (RCOF), and FUD (FUD). But why is this crypto investor so confident, and what makes these altcoins so special? Read on to find out!
Smart Contracts Are Coming to Dogecoin: Will DOGE and SHIB Take Off?
Dogecoin is about to get a major upgrade with the planned introduction of smart contracts. Blockchain developers Nexus and QED Protocol have announced a layer 2 scaling solution to bring smart contract functionality to the Dogecoin network.
The L2 solution, a zero-knowledge virtual machine (zkVM), is designed to allow Dogecoin to compete with leading smart contract platforms like Ethereum and Solana.
In context, Dogecoin runs on a Proof-of-Work (PoW) blockchain similar to the Bitcoin blockchain but does not support smart contracts.
Dogecoin is currently at $0.1094, experiencing a volatile market movement. Like many cryptocurrencies, Dogecoin took a hit at the beginning of October 2024, losing 7.36% on the weekly charts. However, the meme coin is already showing signs of recovery, pumping 4.16% in the last 24 hours.
Experts’ forecasts paint a bullish future for Dogecoin. Ali, a well-known cryptocurrency analyst on X, recently noted that Dogecoin is retesting the breakout point of the falling wedge pattern.
It suggests to me that DOGE could bounce and move towards $0.16 if this support level holds.
Interestingly, CoinCodex makes a more bullish prediction: if bullish sentiment takes hold of the market, DOGE could reach a maximum price of $0.4552 by 2025.
RCO Finance: A platform based entirely on artificial intelligence and machine learning that is gaining popularity
RCO Finance is quickly gaining traction, just like the recent Dogecoin, RCOF, and FUD purchases made by the top SHIB trader on his journey to grow a $1 million portfolio.
RCO Finance is fundamentally changing how investors interact with the financial markets with a complete AI and Machine Learning (ML) system that removes the complexity typically associated with financial management.
By automating investment strategies, RCO Finance makes it easy for users to grow their portfolios without the need for expert knowledge or human intervention. This innovative approach makes RCO Finance a popular choice for those looking to get the best returns in the coming months.
A unique feature of RCO Finance is its AI-powered robo-advisor, which offers personalized investment strategies tailored to your individual risk tolerance and financial goals.
The platform offers access to over 120,000 assets across 12,500 asset classes, including stocks, bonds, cryptocurrencies, and tokenized RWAs such as real estate.
The platform also prides itself on security, with its smart contracts audited by the respected security firm SolidProof. This is one of the reasons why smart investors can be confident in its security and reliability.
Then there is the pre-sale. This is where the real money game begins!
FUD Lands on Suilend: Is 10x Coming for Meme Coin?
On September 26, 2024, Suilend announced that FUD would be listed with an initial deposit limit of $100,000 and a 0% loan-to-value (LTV) ratio. This listing marks a major milestone for FUD, as it becomes the first memecoin on the Sui network to be listed on the platform.
As an additional incentive, users who deposit FUD into the Suilend pool can earn additional FUD rewards until October 31.
FUD is currently priced at $0.0000008849 and has seen a dramatic price surge since its launch in early 2024. After a rapid rise during the bull run at the beginning of the year, FUD reached a high of $0.0000006968 in March.
However, the coin soon lost momentum, falling to a low of $0.0000001076 in August. Despite this decline, FUD defied the broader market downtrend by experiencing a massive price pump in early October, which led to its current value. On the monthly chart, FUD’s price is up 397%.
Market analysts are becoming increasingly optimistic about FUD’s prospects. Kong Trading, a well-known crypto analyst, believes that FUD is fully set for a massive rally. The analyst suggests that a 10x surge from its current price is possible.
Promise of over 1,600% gains in RCOF presale fuels investor interest
RCO Finance’s RCOF token is in the second phase of its public presale, priced at $0.0343 per coin. The current price point represents a 169% increase from the first phase price of $0.0127. The ongoing phase promises potential gains of over 1,600% from its launch price of $0.6000.
With over 42% of the 80 million tokens already sold, demand for RCOF is growing as investors aim to take advantage of the current presale opportunity.
One such investor is a SHIB trader. With such massive gains on the horizon, RCOF makes up a large portion of his portfolio.
DOGE
