Bitcoin (BTC) has increased for six months, keeping new investors worried about investing in the premier cryptocurrency. However, there are Ethereum altcoins that analysts predict could perform better than Bitcoin in September 2024. They are RCO Finance (RCOF), Ondo (ONDO), and Render (RENDER).
Bitcoin (BTC) price has been stagnant for six months, leaving new investors apprehensive about joining the premier cryptocurrency. However, there are Ethereum (ETH) altcoins that could perform better than Bitcoin in September 2024, according to analysts. They are RCO Finance (RCOF), Ondo (ONDO), and Render (RENDER).
How can these Ethereum altcoins outpace BTC? And how can investors interested in their anticipated pump benefit from it? Let's investigate!
Bitcoin Stagnates After Earlier Rally
Throughout Q3 2023 and Q1 2024, BTC experienced a spectacular rally. The token increased from about $27,000 to over $70,000, setting a new all-time high (ATH).
However, since then, the premier cryptocurrency's price growth has stalled. Experts cite several factors for this stall, including profit-taking after the spectacular rally leading to increased sell pressure, reduced demand, geopolitical tensions, and government macroeconomic policies.
Bitcoin is currently trading at 22.5% less than its peak in 2024. This ranging activity will continue throughout September, according to analysts, with the token remaining at plus or minus $60k.
How RCO Finance Will Outperform Bitcoin In September 2024
With its revolutionary offerings, lucrative presale, and clear growth potential, RCO Finance has grabbed the headlines.
The protocol features an AI-powered decentralized trading platform where users can seamlessly trade real-world assets (RWAs) like stocks, commodities, bonds, real estate, and more using their crypto tokens. The users enjoy low fees, up to 50x leverage, and complete autonomy.
The AI component, known as the robo advisor, employs mathematical models to generate data-driven insights that traders on the platform can utilize to maximize their profits.
Crypto enthusiasts have also been impressed by the massive gains from RCO Finance's presale. RCOF, the native token, is currently available for $0.0343 and is expected to rise to $0.0558 in September. This translates to a 62.7% gain for Stage 2 participants.
Ondo Expands Access to Its Stablecoin
The narrative of real-world asset tokenization, in which Ondo plays a prominent role, has been one of the best-performing crypto narratives 2024. ONDO itself has gained 265% YTD.
The protocol might be in for another strong showing in September because Ondo's US Dollar Yield Token (USDY) has been expanded to Arbitrum, according to analysts. USDY is a yield token designed to allow users to earn up to 5.35% annual percentage return on stablecoins like USDC.
This will increase the number of people holding USDY, boosting Ondo's usage statistics, network growth, and price.
AI Boom Could Drive Render's Growth In September 2024
The AI industry has dominated technology discussions since late 2022, when customer-facing AI solutions like ChatGPT burst on the scene. AI-based cryptos like Render, which rents out GPU space, have also benefitted from the increased interest in artificial intelligence.
Due to the AI hype, the protocol's token, RENDER, has gained a phenomenal 950% since the beginning of Q4 2022.
In Q3 2024, AI is still at the forefront of technological discourse, and stock prices of chip-making companies like Nvidia are still rising. This could influence RENDER's performance in September like it always has, according to analysts.
Purchase RCOF To Enjoy Gains In September 2024 And Beyond
The native token of RCO Finance is called RCOF, and its total supply is 800 million. Half of this supply is reserved for the public sale, with 20% going to ecosystem development and 12% to liquidity/market-making.
Marketing and private sales each receive 5%, while the team gets 4%. Finally, advisors and ecosystem rewards each receive 2%.
Among the three Ethereum altcoins, RCOF has the most guaranteed profit potential because it is currently in its presale.
Investors who purchase RCOF for $0.0343 in Stage 2 will earn a 62.7% profit when the token rises to $0.0558 later this month. They will also earn a massive 1,066% when RCOF reaches $0.40 at the conclusion of the presale.
Holders of RCOF will also receive discounts on trading costs and the ability to vote on governance proposals. They can stake their tokens and earn up to 88% APY. Depending on how many tokens they hold, holders also receive
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