Whale Alert Shiba Inu and Dogecoin Whales on the Brink of Moving $10 Million to RCO Finance (RCOF), Here’s Why
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As the live crypto market tilts into the fear region, Shiba Inu (SHIB) and Dogecoin (DOGE) whales are exchanging their positions for early investments in RCO Finance (RCOF). The Ethereum-based token quickly establishes itself as the altcoin to watch in 2024.
But what does RCOF pose that DOGE and SHIB can’t compete with? Find the details below!
RCOF’s AI-Driven Robo-Advisor Optimizes Trading Strategies
Shiba Inu (SHIB) Whales Left Wanting More as Shibarium Mainnet Fails to Impress
Since the launch of the Shibarium mainnet on August 17, 2023, Shiba Inu (SHIB) has only managed a 55.84% gain, much to the dissatisfaction of SHIB whales. Over the past month, SHIB’s market cap has decreased from $10.47 billion to $7.85 billion, reflecting a 25.7% decline.
Shiba Inu’s long-awaited burn portal launch was also met with an underwhelming market response, with SHIB shedding 5.02% in the past week. The bearish sentiment around the token is forecasted to continue as it records a 42% drop in 24-hour volume, indicating waning investor confidence.
Dogecoin (DOGE) Set For Reversal Following Trendline Support
Market experts suggest that Dogecoin (DOGE) is heavily influenced by speculative trading, leading to a correction-and-surge pattern that may likely indicate market manipulation. DOGE’s market capitalization in the past month has dropped by 14.81% to $14.98 billion.
Additionally, trading volume has plummeted from $2.09 billion to $372 million, largely due to DOGE’s pattern of lower highs and higher lows. Currently trading around $0.103, Dogecoin is forecasted to decline by another 15% in the coming weeks as it has only recorded 8 green days in the last 30.
