Fantom (FTM) Surges, RCO Finance (RCOF) Presale Gains Traction as FET Eyes Further Rally

Fantom (FTM) looks poised to exceed Artificial Superintelligence Alliance’s (FET) recent 25% rally as investor interest in this top crypto coin grows. Meanwhile, ongoing presale RCO Finance (RCOF) has been gathering traction as more investors pour in with almost $2 million raised already.

Due to emerging ecosystem developments and strong fundamentals, FTM and RCOF pose potential contenders for strong price movements in the coming months.

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Let’s find out what’s driving the growth of these cryptocurrencies.

FTM Records 32% Gain As Sonic Labs Releases New Feature

Sonic Labs, previously known as Fantom, recently announced a new strategic move targeting the $11 trillion global lending market, which has led to a notable surge in the value of its native token, FTM.

Following this announcement, FTM’s price soared from $0.43 to $0.57, marking a 32% increase and solidifying its position as a top performer among the 100 largest digital assets by market capitalization.

This price rally brings FTM to its highest level since August 27, despite the prevailing bearish market conditions. The surge can be traced back to a blog post published by Sonic Labs’ CTO, Andre Cronje, on September 9, 2024. In the post, Cronje detailed Sonic Labs’ ambitious initiative to introduce credit scores for digital wallets, aiming to penetrate the vast unsecured lending market.

As part of this strategy, Sonic Labs has also launched a testnet that boasts a record-breaking transaction finality of just 720 milliseconds. This remarkable technical milestone has further fueled optimism about Fantom’s potential, driving a substantial increase in FTM’s trading volume, which has doubled within the past 24 hours.

Currently, FTM is trading at $0.57, reflecting a 7-day gain of 15%. Analysts anticipate that FTM will continue on its upward trajectory, potentially breaking through the next resistance level at $0.65, which would represent an additional 14% increase in value.

RCO Finance Brings AI Trading To the Financial Market

RCO Finance is challenging the conventional approach to trading financial instruments with its high-end AI-driven tool.

This tool, dubbed a robo-advisor, will make it easy to trade any digital asset, be it stocks, cryptocurrencies, commodities, real-world assets, or exchange-traded funds, by offering insights into the most potentially lucrative ones.

The robo-advisor analyzes market trends, monitors price movements, manages portfolios, spots investment opportunities, and executes trades on behalf of the investor.

With access to over 120,000 digital assets, users can tailor their trading strategies using the robo-advisor’s customization features to align with their financial goals.

The platform charges low fees for the robo-advisor so that users can amass significant net returns at the end of the day. RCO Finance users can also stake the native token $RCOF for rewards and an 86% APY.

The KYC-free platform’s user-friendly interface appeals to newbies and experienced traders. RCO Finance has shown its commitment to security by integrating Fireblocks and conducting a comprehensive smart contract audit through SolidProof.

Expert Predicts More Gains For FET After 27% Rally

Cryptorphic, a well-known voice in the crypto space, has predicted additional rallies for FET after it registered a 27% increase last week. The expert shared this opinion in an X post on September 11th where he noted that the FET price had risen 66% from its level since his last analysis.

#FET Price Update & Technical Analysis in a Weekly Timeframe

FET has gained 66% since our previous post and it is currently facing 21 EMA resistance at $1.35.

The hidden divergence in the RSI has played out well, and bullish momentum remains strong. Once FET breaks above this… https://t.co/AnbfgQeNA4 pic.twitter.com/5pgYsdSQ5x

— Cryptorphic (@Cryptorphic1) September 11, 2024

According to Cryptorphic, FET currently faces a resistance level at $1.35, just below the 21-day Exponential Moving Average (EMA). He suggests that if FET can break through this resistance, it could propel the price to the $3 or even $4 range in the near term. This prediction underscores Cryptorphic’s optimistic stance on FET and its potential for a continued rally.

The expert also pointed out a hidden bullish divergence, which played a key role in the recent surge, indicating that bullish momentum remains strong. Over the past month, FET has climbed by 54.68%, now trading at $1.31. If Cryptorphic’s prediction materializes, FET could gain up to 205% to reach the $4 target.

RCOF Preps for Next Price Increase as It Moves Into Stage 3

With FTM and FET showing strong returns, it’s clear the appetite for AI and DeFi tokens remains strong. Now, RCOF is ready to bring these two metas together with its AI-powered trading platform.

The presale has gained significant traction since it began, drawing the attention of institutional and retail investors. It’s already raised almost $2 million and looks set to pass this mark in the next few hours.

Currently, RCOF is priced at $0.0343 in Stage 2 of the presale, offering a 50% discount from its final price. The presale is about to advance to the next stage, where $RCOF will be priced at $0.0558, a 63% gain. These investors could enjoy up to 16X ROI after RCOF hits its final presale price of $0.60. Take advantage of this opportunity to explore RCOF’s presale now!

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For more information about the RCO Finance (RCOF) Presale:

• Visit RCO Finance Presale
• Join The RCO Finance Community