Market
Trending Altcoin Priced Under $0.08 Could Replicate Cardano’s 2021 Run to $3, Experts Say
The modern world of cryptocurrencies is such that they are very fast growing and as a result, new projects keep springing up, catching the eye of many investors and analysts. One such project that has caught the attention of many is Rexas Finance (RXS), where the price is below $0.08. It has come up with a new model for real-world asset (RWA) tokenization and with an increasing community back, some experts believe that Rexas Finance can achieve what Cardano (ADA) did, which went from around 0.1 to 3 dollars in the year 2021.
The Rise of Rexas Finance (RXS)
Rexas Finance intends to change the current structure, encasing the tokenization of any physical asset and its trading on a distributed ledger. By offering investment options for real assets, like real estate, art, and valid valuable materials, Rexas Finance builds up the level of investment attractiveness of new technologies and makes them available to a wide range of people.
This innovative method is needed at the moment, as many investors are looking for alternatives regarding investment in the value of the growing cryptosphere. In contrast with some other existing cryptocurrencies, which are speculative by nature, Rexas Finance has its roots built on something practical and hence created room for investors who are searching for some quality in their investments. Such keen interests in real-world asset tokenization may provide strong reasons for consistent demand for the RXS token.
The Comparison to Cardano (ADA)
Rexas Finance can draw quite a lesson from the sky-high expectations and success that Cardano had in the year 2021. It started the year at roughly 10 cents before growing in leaps and bounds because of wide adoption, an active developer, and a wide range of dApps. As the Cardano market and its use case grew, the demand from the investors jumped and pushed the price to an all-time high of more than $3.
Some experts have suggested that Cardano’s penchant for upward growth has some similarities to the position that Rexas Finance occupies now. Currently priced below $0.08 at $0.05, Rexas Finance is drawing attention from retail and institutional investors looking to capitalize on the success the project is likely to have in the crypto industry. With more people understanding the benefits that come with tokenizing real-world assets, the demand for RXS may increase significantly.
Strong Community Support and the Millionaire Giveaway
Community is one of the major elements that determines the validity of any cryptocurrency. Rexas Finance has witnessed great progress in terms of developing a devoted and active community. As an additional motivational measure, the project has also introduced the Rexas Millionaire Giveaway, which is aimed at creating awareness for the RXS token while rewarding the initial supporters of the project.The structure of the Rexas Millionaire Giveaway also serves to stretch the level of the project by ensuring that would-be clients are actively engaging the market in the future. To encourage and cultivate supporting communities, Rexas Finance has been offering rewarding phrases to its customers, which is vital for the success of any cryptocurrency project in the future. This is in a way that is more likely to encourage demand on the part of the majority of the token holders and potential holders, rather than increase the profile of Rexas Finance.
Presale Progress and Future Potential
When it comes to the presale stage, Rexas Finance has performed well, as it was selling out quickly during the short periods of presale. The presale framework provides an opportunity for the market participants to buy RXS tokens at various and appealing levels, which creates an image of the need, i.e., the need that is likely to be met progressively as the project develops. Presently on Stage 3 of the presale, the token price has now hit $0.05, which suggests a positive bullish trend. During the presale, analysts expect RXS to become valuable, particularly when the project is about to be launched to the crowd. It may also be worth considering the success of the presale and further advertisement campaigns.
Analyzing Future Projections
Considering how things are going at the moment, Cardano’s success could potentially be replicated by Rexas Finance, experts argue. With a strong base on real-life asset tokenization, an active community, and a thrilling giveaway program, Rexas Finance is ready and equipped to command the attention of investors venturing into the next big thing in the cryptocurrency space.
Investors in these early stages of the project, while it is still developing leadership and growth potential, may be well rewarded in the long run. This is why Rexas Finance is an outstanding investment—a fusion of new-age digital technologies, community-centered approaches, and practical use-case developments—promises to revolutionize the cryptocurrency market just like how a handful of other cryptocurrencies did in the year 2021, Cardano included.
In summary, the history of Cardano is informative of where things concerning cryptocurrencies are headed, as Rexas Finance sets out. Investors should keep an eye on this fast-rising altcoin, as it might be on the verge of a major breakout.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Win $1 Million Giveaway: https://bit.ly/Rexas1M
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
Market
Solana Hits New All-Time High After 3 Years
On Friday, Solana (SOL) soared to a new all-time high (ATH), now trading at approximately $261. This breakthrough surpasses its previous peak set in November 2021.
Solana’s rise to a new ATH marks an increase of over 32 times from its lows recorded in December 2022.
Solana Hits All-Time High as Gary Gensler Plans Resignation
Solana’s path to this new high has been anything but smooth. After reaching its previous high in 2021, the platform faced a downturn in 2022 amid a broader crypto bear market, further exacerbated by technical issues and network downtimes.
The collapse of FTX in November 2022 pushed Solana’s price down to around $8.
However, Solana has since made a remarkable recovery, increasing more than 32-fold from its low. Now, Solana enthusiasts believe that SOL could eventually outpace Ethereum (ETH) in market capitalization.
“Solana has been at an all-time high by market cap for a while actually. Now, we’re finally in price discovery. The flippening is coming,” Birch, the founder of PathCrypto, said.
The surge in Solana’s market value coincides with the news of SEC Chairman Gary Gensler’s planned resignation, slated for January 20, 2025, as Donald Trump assumes office.
Known for his strict regulatory stance on cryptocurrencies, Gensler’s departure signals a potential shift toward a more crypto-friendly administration. Consequently, this political change is stoking speculations about the approval of a Solana exchange-traded fund (ETF). According to Fox Business journalist Eleanor Terrett, the SEC has begun engaging with issuers to explore the possibility of a Solana ETF.
“Talks between SEC staff and issuers looking to launch a Solana spot ETF are “progressing” with the SEC now engaging on S-1 applications. Recent engagement from staff, coupled with the incoming pro-crypto administration, is sparking a renewed sense of optimism that a Solana ETF could be approved sometime in 2025,” Terrett claimed.
Previous efforts to launch a Solana ETF were stalled by regulatory roadblocks, often stopping early in the process. However, the changing political environment and the SEC’s increased openness have reignited hopes within the crypto community. Recent filings for a Solana ETF by Canary Capital and BitWise reflect a growing interest and anticipation for regulatory approval.
Despite these encouraging developments, the odds of a Solana ETF approval in 2024 remain low, with Polymarket estimates placing it at around 4%.
Meanwhile, the crypto community is also closely watching Bitcoin as it approaches the highly anticipated $100,000 mark. On Friday, Bitcoin recorded a new high of about $99,300. This milestone is viewed as a pivotal moment for Bitcoin and could impact other cryptocurrencies, including Solana.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Price 25% Rally: Breaking Barriers and Surpassing Odds
XRP price rallied above the $1.15 and $1.20 resistance levels. The price is up over 25% and might rise further above the $1.420 resistance.
- XRP price started a fresh surge above the $1.20 resistance level.
- The price is now trading above $1.250 and the 100-hourly Simple Moving Average.
- There was a break above a key bearish trend line with resistance at $1.1400 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair is up over 25% and it seems like the bulls are not done yet.
XRP Price Eyes Steady Increase
XRP price formed a base above $1.050 and started a fresh increase. There was a move above the $1.150 and $1.20 resistance levels. It even pumped above the $1.25 level, beating Ethereum and Bitcoin in the past two sessions.
There was also a break above a key bearish trend line with resistance at $1.1400 on the hourly chart of the XRP/USD pair. A high was formed at $1.4161 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $1.0649 swing low to the $1.4161 high.
The price is now trading above $1.30 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.400 level. The first major resistance is near the $1.420 level. The next key resistance could be $1.450.
A clear move above the $1.450 resistance might send the price toward the $1.50 resistance. Any more gains might send the price toward the $1.550 resistance or even $1.620 in the near term. The next major hurdle for the bulls might be $1.750 or $1.80.
Are Dips Supported?
If XRP fails to clear the $1.420 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.3350 level. The next major support is near the $1.2850 level.
If there is a downside break and a close below the $1.2850 level, the price might continue to decline toward the $1.240 support or the 50% Fib retracement level of the upward move from the $1.0649 swing low to the $1.4161 high in the near term. The next major support sits near the $1.20 zone.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.
Major Support Levels – $1.3350 and $1.2850.
Major Resistance Levels – $1.4000 and $1.4200.
Market
WisdomTree Europe Launches XRP ETP
ETF issuer WisdomTree’s European division just announced a new ETP based on XRP. This product is currently available in four EU countries, which has led XRP’s price to jump slightly.
ETPs are a common issuer strategy to earn revenue without ETF approval, but Europe will not necessarily approve one even if the US does so.
WisdomTree’s XRP ETP
WisdomTree, one of the Bitcoin ETF issuers in the US, announced that its European branch is offering an exchange-traded product (ETP) based on XRP. This new product is currently available in Germany, Switzerland, France, and the Netherlands. A growing number of issuers have filed for an XRP ETF, but WisdomTree is taking a slightly different tack.
“The WisdomTree Physical XRP ETP offers a simple, secure, and low-cost way to gain exposure to XRP, one of the largest cryptocurrencies by market capitalization. Backed 100% by XRP, XRPW is the lowest-priced XRP ETP in Europe, providing direct spot price exposure,” the announcement claimed.
The possibility of an official XRP ETF is growing with the current bull market, and Ripple CEO Brad Garlinghouse considers it “inevitable.” Still, it hasn’t happened yet, and ETP offerings allow issuers to somewhat address customers’ requirements. BitWise, which has also filed for an XRP ETF in the US, recently acquired a European ETP issuer to enter the same market.
WisdomTree, however, is no stranger to this market strategy. In May this year, it won approval to offer ETPs based on Bitcoin and Ethereum to British investors.
The UK has not yet approved a full ETF for either of these assets, but WisdomTree still gained market access. Even a fraction of the XRP market could also prove lucrative; the asset’s value spiked today.
WisdomTree Europe’s strategy page does not describe any further actions upon full approval. Even if the US approves an XRP ETF under the SEC’s new leadership, that won’t necessarily benefit WisdomTree’s European branch. For now, these ETPs built on XRP will have to suffice for this market.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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