Market
Cardano gears up for a $5 run, Polygon to double, Rexas Finance (RXS) could jump from under $0.12 to $12
The crypto market is bracing itself for significant price movements as Cardano (ADA), Polygon (POL), and Rexas Finance (RXS) prepare for potential surges. Cardano, showing promising signals, could be gearing up for a massive breakout. Polygon is witnessing network growth post-upgrade, and Rexas Finance is revolutionizing real-world asset tokenization, with expectations of a monumental price jump.
Cardano (ADA) eyes a $5 surge
Cardano’s technical indicators point towards a potential rally similar to its previous explosive rise. Between December 2020 and May 2021, ADA surged over 1,000%, from $0.15 to $1.77. A similar setup, with the 50-day Exponential Moving Average (EMA) crossing the 100-day EMA, signals that ADA might be poised for a similar breakout. If history repeats itself, Cardano could climb to $5, representing a substantial opportunity for investors.
Could Polygon (POL) double in value?
Polygon has recently undergone a transformation, rebranding from MATIC to POL, with all tokens smoothly converting in a 1:1 ratio. This transition has led to Polygon leading network growth, boasting a 1,019% rise in new addresses. With a transaction count of 2.61 million and a 24-hour trading volume of $80 million, Polygon looks set for continued growth. As its ecosystem expands, POL is expected to double in value, cementing its position in the crypto market.
Rexas Finance revolutionizes real-world asset tokenization
Rexas Finance (RXS) is taking the concept of tokenization to new heights by offering a platform where investors can tokenize real-world assets (RWA), including real estate, gold, and other commodities. RXS enables users to buy fractions of these assets, making markets like real estate, historically reserved for the wealthy, accessible to all. Imagine an individual in Asia owning a percentage of a European restaurant, earning passive income from the investment without ever stepping foot in Europe. This ground-breaking approach unlocks new possibilities for investors worldwide.
Real-world asset tokenization
The global real estate market is valued at trillions of dollars, and Rexas Finance is bridging the gap between this traditional market and blockchain technology. By tokenizing real estate, RXS allows individuals to purchase fractional ownership of properties, democratizing real estate investments.
Additionally, Rexas Finance extends tokenization beyond real estate, offering access to gold and other valuable commodities. With a global commodities market valued at over $121 trillion, RXS opens up enormous investment opportunities.
Rexas Token Builder and Launchpad
Rexas Finance provides tools to simplify the tokenization process. The Rexas Token Builder allows users to create digital tokens representing a share of any real-world asset. This process enhances liquidity and makes it easier for investors to enter markets that were once difficult to access.
The Rexas Launchpad also offers a platform for new projects to raise funds through token sales, further fostering innovation within the crypto market.
Rexas Finance presale success
Rexas Finance has seen tremendous success in its presale stages. Stage 1 sold out quickly, raising $450,000, and Stage 2 followed suit, with the total raised reaching $1,250,000.
Now in Stage 3, priced at $0.05 per token, RXS has raised over $1,771,702. Investors purchasing at this stage could see a 4x return upon launch, positioning Rexas Finance as a standout opportunity in the crypto market.
Rexas Finance $1 Million Giveaway
Rexas Finance is currently hosting a $1,000,000 giveaway, where 20 winners will each receive $50,000 USDT. To participate, users must submit their ERC20 wallet address and complete various quests to maximize their chances. For each friend referred, participants earn 15 additional entries, increasing their odds of winning. This giveaway not only highlights Rexas Finance’s commitment to its community but also adds an exciting incentive for investors.
Conclusion
As the crypto market prepares for another wave of growth, Cardano, Polygon, and Rexas Finance stand out as projects with immense potential. Cardano could see a price surge to $5, Polygon could be set to double in value, and Rexas Finance, with its innovative tokenization platform, looks to be on the path to disrupting the market. With RXS poised to leap from under $0.12 to $12, investors are eagerly anticipating what’s next for this game-changing project.
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
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.
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Ethereum price started a fresh increase above the $3,220 zone. ETH is rising and aiming for more gains above the $3,350 resistance.
- Ethereum started a fresh increase above the $3,220 and $3,300 levels.
- The price is trading above $3,250 and the 100-hourly Simple Moving Average.
- There is a short-term contracting triangle forming with resistance at $3,360 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could gain bullish momentum if it clears the $3,385 resistance zone.
Ethereum Price Regains Traction
Ethereum price remained supported above $3,000 and started a fresh increase like Bitcoin. ETH gained pace for a move above the $3,150 and $3,220 resistance levels.
The bulls pumped the price above the $3,300 level. It gained over 10% and traded as high as $3,387. It is now consolidating gains above the 23.6% Fib retracement level of the recent move from the $3,036 swing low to the $3,387 high.
Ethereum price is now trading above $3,220 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,350 level. There is also a short-term contracting triangle forming with resistance at $3,360 on the hourly chart of ETH/USD.
The first major resistance is near the $3,385 level. The main resistance is now forming near $3,420. A clear move above the $3,420 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,880.
Another Decline In ETH?
If Ethereum fails to clear the $3,350 resistance, it could start another decline. Initial support on the downside is near the $3,300 level. The first major support sits near the $3,250 zone.
A clear move below the $3,250 support might push the price toward $3,220 or the 50% Fib retracement level of the recent move from the $3,036 swing low to the $3,387 high. Any more losses might send the price toward the $3,150 support level in the near term. The next key support sits at $3,050.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $3,250
Major Resistance Level – $3,385
Ethereum price started a fresh increase above the $3,220 zone. ETH is rising and aiming for more gains above the $3,350 resistance.
- Ethereum started a fresh increase above the $3,220 and $3,300 levels.
- The price is trading above $3,250 and the 100-hourly Simple Moving Average.
- There is a short-term contracting triangle forming with resistance at $3,360 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could gain bullish momentum if it clears the $3,385 resistance zone.
Ethereum Price Regains Traction
Ethereum price remained supported above $3,000 and started a fresh increase like Bitcoin. ETH gained pace for a move above the $3,150 and $3,220 resistance levels.
The bulls pumped the price above the $3,300 level. It gained over 10% and traded as high as $3,387. It is now consolidating gains above the 23.6% Fib retracement level of the recent move from the $3,036 swing low to the $3,387 high.
Ethereum price is now trading above $3,220 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,350 level. There is also a short-term contracting triangle forming with resistance at $3,360 on the hourly chart of ETH/USD.
The first major resistance is near the $3,385 level. The main resistance is now forming near $3,420. A clear move above the $3,420 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,880.
Another Decline In ETH?
If Ethereum fails to clear the $3,350 resistance, it could start another decline. Initial support on the downside is near the $3,300 level. The first major support sits near the $3,250 zone.
A clear move below the $3,250 support might push the price toward $3,220 or the 50% Fib retracement level of the recent move from the $3,036 swing low to the $3,387 high. Any more losses might send the price toward the $3,150 support level in the near term. The next key support sits at $3,050.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $3,250
Major Resistance Level – $3,385
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