Market

Trending Altcoin Priced Under $0.08 Could Replicate Cardano’s 2021 Run to $3, Experts Say

Published

6 months ago

October 1, 2024

Coin2049 Newsletter

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

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Market

Bitcoin Price Battles Key Hurdles—Is a Breakout Still Possible?

Published

4 seconds ago

April 1, 2025

Coin2049 Newsletter

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Bitcoin price started another decline below the $83,500 zone. BTC is now consolidating and might struggle to recover above the $83,850 zone.

Bitcoin started a fresh decline below the $83,200 support zone.
The price is trading below $83,000 and the 100 hourly Simple moving average.
There is a connecting bullish trend line forming with support at $82,550 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start another decline if it stays below the $83,850 resistance zone.

Bitcoin Price Faces Resistance

Bitcoin price failed to start a recovery wave and remained below the $85,500 level. BTC started another decline and traded below the support area at $83,500. The bears gained strength for a move below the $82,500 support zone.

The price even declined below the $82,000 level. A low was formed at $81,320 before there was a recovery wave. There was a move above the $82,500 level, but the bears were active near $83,850. The price is now consolidating and there was a drop below the 50% Fib retracement level of the upward move from the $81,320 swing low to the $83,870 high.

Bitcoin price is now trading below $83,250 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $82,550 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $83,250 level. The first key resistance is near the $83,850 level.

The next key resistance could be $84,200. A close above the $84,200 resistance might send the price further higher. In the stated case, the price could rise and test the $84,800 resistance level. Any more gains might send the price toward the $85,000 level or even $85,500.

Another Decline In BTC?

If Bitcoin fails to rise above the $83,850 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $82,550 level. The first major support is near the $82,250 level and the 61.8% Fib retracement level of the upward move from the $81,320 swing low to the $83,870 high.

The next support is now near the $81,250 zone. Any more losses might send the price toward the $80,000 support in the near term. The main support sits at $78,500.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $82,250, followed by $81,250.

Major Resistance Levels – $83,250 and $83,850.

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Market

Is CZ’s April Fool’s Joke a Crypto Reality or Just Fun?

Published

1 hour ago

April 1, 2025

Coin2049 Newsletter

On April 1, Binance co-founder Changpeng Zhao (CZ) shared an amusing hypothetical on social media platform X (Twitter).

He posed the hypothetical scenario of a user generating a cryptocurrency wallet address commonly used for token burns, which permanently remove tokens from circulation.

Binance’s CZ Shares Cryptic Hypothetical on April Fools Day

Changpeng Zhao’s April Fools’ joke about generating a token burn address sparked discussions. However, the chances of it happening are astronomically low. CZ shared the post during the early hours of the Asian session, kickstarting an interesting discourse.

“Imagine downloading Trust Wallet and finding your newly generated address is: 0x000000000000000000000000000000000000dead. Theoretically speaking, it has the same chance as any other address. Alright, enough imagining. Not gonna happen. Get back to building. Happy Apr 1!” Changpeng Zhao wrote.

It comes in time for April Fools’ Day, celebrated annually on April 1, dedicated to practical jokes, hoaxes, and playful deception. Trust Wallet, integrated as Binance’s non-custodial wallet provider, played along with the joke.

“Happy April Fool’s Day,” wrote Trust Wallet.

While the idea seems far-fetched, CZ was not technically wrong. Theoretically, there is an infinitesimally small probability that someone could randomly generate a wallet address matching “0x000…dead” using software like Trust Wallet.

However, the chances are comparable to winning the lottery multiple times. To put things into perspective, one can generate blockchain addresses using cryptographic hashing functions that produce 160-bit outputs.

This means there are 2¹⁶⁰ possible Ethereum addresses—a number so vast that generating any specific address, such as “0x000…dead,” is practically impossible.

“Haha, imagine the odds! That is a 1 in 2^160 type of vibe. Good one, CZ—back to work now, no distractions from the code,” Synergy Media wrote, putting the rarity into context.

While CZ’s April Fool’s joke entertained the crypto community, the reality remains unchanged. The likelihood of generating a wallet address identical to “0x000…dead” is close to zero. This means the post was a fun thought experiment but nothing more.

“Imagine that you can randomly generate a Bitcoin private key every second, and suddenly one day the private key you generated happens to correspond to Satoshi Nakamoto’s wallet or Binance’s wallet. That’s terrifying,” another user quipped.

However, the joke does highlight the fascinating cryptographic underpinnings of blockchain technology. While every address is technically possible, some are rare and might as well be myths. Crypto users will have to keep burning their tokens the old-fashioned way.

Disclaimer

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Market

XRP Bulls Fight Back—Is a Major Move Coming?

Published

2 hours ago

April 1, 2025

Coin2049 Newsletter

XRP price started a fresh decline below the $2.080 zone. The price is now recovering some losses and might face hurdles near the $2.150 level.

XRP price started a fresh decline after it failed to clear the $2.20 resistance zone.
The price is now trading below $2.120 and the 100-hourly Simple Moving Average.
There is a connecting bearish trend line forming with resistance at $2.10 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair might extend losses if it fails to clear the $2.150 resistance zone.

XRP Price Faces Resistance

XRP price failed to continue higher above the $2.20 resistance zone and reacted to the downside, like Bitcoin and Ethereum. The price declined below the $2.150 and $2.10 levels.

The pair even declined below the $2.050 zone. A low was formed at $2.023 and the price is now attempting a recovery wave. There was a move above the $2.050 level. The price cleared the 23.6% Fib retracement level of the recent decline from the $2.215 swing high to the $2.023 low.

The price is now trading below $2.120 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.10 level. There is also a connecting bearish trend line forming with resistance at $2.10 on the hourly chart of the XRP/USD pair. The trend line is near the 50% Fib retracement level of the recent decline from the $2.215 swing high to the $2.023 low.

The first major resistance is near the $2.150 level. The next resistance is $2.1680. A clear move above the $2.1680 resistance might send the price toward the $2.20 resistance. Any more gains might send the price toward the $2.220 resistance or even $2.250 in the near term. The next major hurdle for the bulls might be $2.2880.

Another Decline?

If XRP fails to clear the $2.120 resistance zone, it could start another decline. Initial support on the downside is near the $2.050 level. The next major support is near the $2.020 level.

If there is a downside break and a close below the $2.020 level, the price might continue to decline toward the $2.00 support. The next major support sits near the $1.880 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.

Major Support Levels – $2.050 and $2.020.

Major Resistance Levels – $2.120 and $2.150.

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