Toncoin ($TON) Rebounds 15% After Weeks in the Red, RCO Finance ($RCOF) Setting Up for a Surge
Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news...
Toncoin’s price is in the green again, flipping its sentiment from bearish to bullish. On the other hand, RCO Finance ($RCOF) remains on track to achieve its growth goals in the near future.
What is driving TON’s recent rise, and how can interested investors benefit from $RCOF’s imminent surge? Let’s dive in.
On August 24/25, as the news of Telegram’s founder, Pavel Durov’s arrest filtered out, TON took a massive hit. The reason behind this was the token’s close ties with the messaging platform. The slump triggered by Durov’s arrest took $TON all the way down to $4.46, its lowest price in almost six months.
Less than two weeks later, Durov released a statement on his Telegram channel regarding his arrest, which seems to have galvanized $TON’s resurgence.
Over the past seven days, Toncoin has broken out of weeks of bearish movement and led the $TON ecosystem’s recovery. The coin has gained an impressive 18.3% in this period.
Several analysts came out stating that $TON could rise to $7.93 by October if the current momentum is sustained. However, a general market recovery (presumably led by Bitcoin) would also increase Toncoin’s chances of reaching this predicted price.
RCO Finance is set to beat even the most optimistic predictions for Toncoin. The $RCOF token’s current price is $0.0343, with the project being in the second stage of the ongoing presale. The price will continue to rise as time passes, increasing by 62.7% in Stage 3 to $0.0558 and by a whopping 1,066% by the time the presale ends. This makes $RCOF one of the
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