Dogecoin and RCO Finance see record in inflows as crypto AI sector revives

The revival of the crypto AI sector has spurred RCO Finance to break a new inflow record.

A crypto analyst has predicted an impending breakout for the flagship memecoin Dogecoin (DOGE) as the crypto market rebounds. Also, the Artificial Superintelligence Alliance (FET) has committed $10 million annually to developing startups after opening an innovation lab in San Francisco earlier this week. 

Meanwhile, RCO Finance (RCOF), dubbed DOGE and FET killer, has registered a record capital and user inflow amid its ongoing presale as the crypto AI sector recovers.

Let’s find out why RCOF is dubbed DOGE and FET killer.

Dogecoin eyes potential 77% breakout

Amid the ongoing market-wide revival, trader and X user Clifton Fx has identified a potential short-term breakout for DOGE. In his tweet on August 23, Clifton highlighted a bullish chart pattern that could influence the anticipated uptick in DOGE’s value. The pattern was a descending wedge forming on the meme coin’s three-day chart.

A descending wedge constitutes two upward converging trendlines within which the price bounces. An upside breakout of this pattern is considered bullish, given that an uptrend usually succeeds it. 

In the case of Dogecoin, Clifton claims DOGE is set to pierce through the upper trendline of the descending wedge and cap the breakout with a 77% rally.

Technical indicators such as the MACD support the trader’s proposition, with the blue line surmounting the orange line. Therefore, he urges DOGE traders to keep an eye on the meme coin and take advantage of the impending surge. DOGE is now trading at $0.114, having risen 11.34% over the last seven days.

Artificial Superintelligence Alliance devotes $10 million to startups after launching innovation lab

Artificial Superintelligence Alliance (ASI), an AI-focused blockchain protocol, has established an innovation lab in San Francisco. The ASI partner announced the innovation lab launch on August 23, stating that it will foster the development of artificial intelligence solutions via AI agents. 

To establish its presence in the AI industry, the Artificial Superintelligence Alliance announced a $10 million donation to support Startups that use its tech resources to create AI agents.

Humayun Sheikh, CEO of Fetch.ai, a founder partner of ASI, said the innovation hub will back projects that bring real-world AI applications to users. Beneficiaries will receive guidance and funding, to name a few. 

This initiative will include technical workshops, hackathons, and various empowerment programs. FET gained 50.93% in the last seven days, and the asset is now trading at $1.26. Meanwhile, a new player has emerged to take the throne from FET and DOGE.

RCO Finance sees record inflow due To AI resurgence

Crypto AI platform RCO Finance has substantially increased user and funding inflow since the AI sector began recouping. Experts attributed the growing influx of users to RCO Finance’s AI-powered offerings, consisting of an automated, user-friendly trading interface and an AI-powered robo-advisor. 

The robo-advisor is a digital application that provides automated financial services to satisfy individual investment goals.

As a self-operating system, RCO Finance’s robo-advisor selects the most lucrative assets from the 120,000 listed on the platform and trades them on behalf of an investor. 

Its machine-learning programming allows it to learn each investor’s needs and preferences and curate strategies aimed at meeting them. It also formulates risk management plans, some of which include portfolio diversification, to help manage risks efficiently.

Investors can diversify their portfolios across 12,500 asset classes, such as Bitcoin and Ethereum ETFs, real-world assets, derivatives, stocks, and commodities, all of which are tradable with cryptocurrencies. RCO Finance does not require the common Know Your Customer process to onboard users. Also, its smart contract has been audited by SolidProof to avoid potential risk exposure.

RCOF’s presale breaks important milestone

RCO Finance has smashed a crucial level in its presale as it paces forward. Presently, the coin is in Stage 2, with over $1.55 million raised. The fund generated was from the sales of almost 8.5 million RCOF tokens in its current stage.

As more investors bid RCOF, the Ethereum token will soon hit its presumed listing prices between $0.4 and $0.6. Reaching the highlighted price ranges will culminate in a 1,000% to 1,600% increase from its current price of $0.0343. However, more gains lie ahead for investors after RCOF’s exchange debut.

RCOF investors will be entitled to quarterly dividends, tier-based rewards, airdrops, priority customer support, and voting privileges. They may also stake their assets for up to 86% PA, higher than most DeFi platforms offer. Hence, RCOF could be considered one of the best altcoins to invest in today.

For more information, visit RCO Finance’s presale website or join the online community.

This article first appeared at crypto.news