Why are Ethereum whales increasing their exposure to Polygon (MATIC) and RCO Finance (RCOF)? Let's find out!

Polygon (MATIC) Gains 25% in a Week: More Growth Coming! Known for tapping early market opportunities, Ethereum whales are increasingly embracing

As the cryptocurrency market continues to pump, Ethereum whales are making big moves. Recent data shows that the whales are increasing their exposure to Polygon (MATIC) and RCO Finance (RCOF). Let’s find out more!

Polygon (MATIC) Gains 25% in a Week: More Growth Coming!

Over the past week, Polygon has performed impressively. On August 15, MATIC was changing hands at around $0.4171. After days of sideways trading, MATIC gained bullish steam on August 20 as the excitement about Polygon’s upcoming upgrade from MATIC to POL mounted.

The resulting uptrend saw MATIC jump as high as $0.5381 on August 22 before stabilizing at around $0.5236. This price means MATIC has surged 25% in a week. Moreover, the 24-hour Polygon trading volume is up 62%, indicating a strong buying force.

As the buzz about the upcoming September 4 MATIC-POL upgrade increases, Polygon is set to continue pumping. This explains why Ethereum whales are flocking to MATIC.

Key Levels to Watch for MATIC

MATIC/USDT Daily Chart Price Analysis – August 22, 2023

The 25% weekly gain saw MATIC break through several crucial resistance levels. For instance, the 50-day moving average (blue line) at around $0.43 acted as resistance before being breached. After breaking through the 50-day MA, MATIC encountered resistance at around $0.51, which was breached on August 21.

Following this bullish move, MATIC encountered another crucial resistance level at around $0.53. If MATIC can close the day above this level, we can expect more bullish steam into next week.

On the other hand, if MATIC fails to close above $0.53, we can expect a slight retracement, which will give traders another opportunity to buy MATIC at a lower price.

After pumping 1,700% in 2021, MATIC is now preparing for another bullish wave, which will be triggered by the upcoming mainnet upgrade from MATIC to POL. Notably, the upgrade will see Polygon evolve into a modular blockchain.

This modularity will enable Polygon to integrate new technologies and improve its overall efficiency. As a result, the upcoming upgrade is expected to increase demand for MATIC, explaining why Ethereum whales are increasing their exposure to the DeFi token.

RCO Finance’s Astonishing Features Grip The Crypto-Verse!

Known for tapping early market opportunities, Ethereum whales are increasingly embracing RCO Finance (RCOF), a new DeFi token pre-sale. RCO Finance has piqued the interest of Ethereum whales because of its mission to simplify investing by offering traders access to state-of-the-art tools.

In fulfilling this mission, RCO Finance has integrated several features that are designed to help both beginner and experienced traders achieve peak profitability. One of the standout features is the AI-powered robo advisor.

It is worth noting that the RCO Finance robo advisor is the only truly AI-powered trading tool in the crypto-verse, explaining why the project is generating massive hype.

The robo-advisor uses algorithms and machine learning to optimize an investor’s portfolio for peak profitability. Specifically, the robo advisor spots investment opportunities by monitoring the market 24/7.

The robo-advisor matches these opportunities with an investor’s risk profile and financial goals. In doing so, the robo advisor offers personalized recommendations on whether to open, double down, or close positions.

For instance, the RCO Finance robo advisor can suggest buying MATIC now as the excitement about the upcoming upgrade swells.

Interestingly, an investor can set up the robo advisor to automatically execute trades on their behalf. This capability helps the investor capture suitable market opportunities as they emerge, increasing their chances of profitability.

Amazingly, the RCO Finance platform supports over 120,000 crypto and TradFi assets, creating a massive pool for the robo advisor to fish out high-potential investments.

Another feature that has attracted Ethereum whales to RCO Finance is its NFT marketplace. This marketplace enables users to mint, buy, and sell NFTs. Moreover, the NFT marketplace is fully integrated with the RCO Finance robo advisor.

This integration means that the robo advisor can also analyze the NFT market and offer users advice on which NFTs to buy or sell. This capability gives NFT traders a better chance of making profitable trades.

Schließlich hat RCO Finance aufgrund seines DeFi-Tokens RCOF auch die Aufmerksamkeit der Ethereum-Wale auf sich gezogen. RCOF ist der native Token von RCO Finance und unterstützt als solcher alle Transaktionen. RCOF-Inhaber können auch über Governance-Vorschläge abstimmen und so zur zukünftigen Entwicklung des RCO beitragen

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