XRP (XRP) went from a virtually unknown cryptocurrency in January 2017 to one of the top coins one year later. This analyst says RCO Finance (RCOF) could replicate this rise in 2024.
How astounding was XRP’s rise in 2017? And why is this analyst confident that RCOF will recreate this run? Let’s find out!
How XRP Gained 63,900% In Just 12 Months
XRP’s 2017 run was exhilarating, marking one of the most explosive periods in the history of cryptocurrency. As 2017 began, XRP was relatively unknown, trading at just $0.006 in January. However, things were about to change dramatically as the year unfolded.
The first significant surge occurred in April 2017, when XRP’s price shot up to $0.05, an 8x increase. This initial spike was driven by growing interest in Ripple’s technology, which promised faster and cheaper cross-border payments for financial institutions. As more banks and payment providers began exploring Ripple’s potential, confidence in XRP grew, and so did its price.
By May 2017, XRP had skyrocketed to around $0.30, fueled by speculative trading and increasing adoption of Ripple’s solutions.
The second half of 2017 saw XRP’s price climb even higher. By December, the entire cryptocurrency market was experiencing an unprecedented bull run, and XRP was no exception. On December 12, XRP hit $0.25, but within weeks, it soared past $1, reaching an all-time high of around $3.84 on January 4, 2018.
A combination of market speculation, the promise of Ripple’s technology, and the overall crypto mania that gripped the world in 2017 drove XRP’s meteoric rise in 2017. It was a wild ride for investors and a historic moment for XRP in cryptocurrency.
Why RCO Finance Can Repeat XRP’s 2017 Performance
This analyst is confident that RCO Finance can replicate XRP’s meteoric rise for the following reasons. The first is RCO Finance’s revolutionary AI-powered decentralized trading platform.
This platform allows users to trade real-world assets, such as bonds, stocks, commodities, real estate, etc, with their crypto.
RCO Finance’s trading platform eliminates brokers, charges low fees, provides up to 50x leverage, and gives users full control of their trading activities.
The AI component is the robo advisor, which utilizes complex algorithms and machine learning techniques to analyze market trends, identify profitable opportunities, and produce actionable insights.
These insights help traders choose the right asset at the right time. They also decrease the time spent watching the markets, reduce the effect of human bias and errors, and shorten the learning period for new investors.
Another reason RCO Finance is highly rated is its other innovative offerings. One is the decentralized derivatives feature that allows users to trade options, futures, and swaps.
Another feature is the lending protocol, where users can lend their crypto assets for interest. RCO Finance also allows traders to provide liquidity for the numerous trading pairs or to facilitate its automated market-making functions on decentralized exchanges (DEXs).
The final reason this analyst says RCO Finance will likely repeat XRP’s run is its presale. RCOF, the protocol’s native token, will surge by over 1000% between Stage 2 of the presale and the launch.
This perfectly sets up early RCOF investors to benefit from the coming bull run and hit $1. So, how can you become an early investor?
Purchase RCOF And Enjoy Epic Profits And Other Benefits
RCOF has a total supply of 800 million. Half of this goes to public sale, while 20% is allocated to ecosystem development, and liquidity/market-making receives 12%. The remaining 18% is shared between marketing, private sales, the team, advisors, and ecosystem rewards.
Interested investors can buy RCOF in Stage 2 of the ongoing presale for $0.0343. The token will rise to $0.40 by launch, giving early investors a 1,066% profit.
Other perks of holding RCOF include voting rights on governance proposals, significant discounts on trading fees, and up to 88% APY on staked tokens. Depending on the number of tokens held, holders are also entitled to a share of the platform’s revenues as dividends.
Therefore, RCO Finance’s critical use case, massive presale pump, and other features and benefits make it the prime candidate for replicating XRP’s 2017 pump.
For more information about the RCO Finance Presale:
