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This Is How XRP Price Can Make Its Way Back to $0.60

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XRP price recently experienced an 18% decline, falling from $0.64 to $0.52. Despite the broader market correction, XRP has managed to hold above this critical support level. 

This resilience suggests that a potential bounce could be on the horizon, providing the altcoin an opportunity to recover its lost value and move back toward $0.60.

XRP Whales to the Rescue

Crypto whale addresses have been accumulating XRP aggressively at these lower price levels. Addresses holding between 10 million and 100 million XRP have collectively purchased nearly 300 million XRP, worth over $150 million, in the past three days.

This substantial buying activity by large holders reflects growing confidence in the asset’s recovery potential. Consequently, it could provide the necessary support for XRP’s price rebound.

The influx of whale activity is often a precursor to price movement, as large-scale investors accumulate when they see value. This accumulation suggests that key players in the market expect XRP to recover, and their actions could help push the price higher in the near term.

Read more: XRP ETF Explained: What It Is and How It Works

XRP Whale Accumulation
XRP Whale Accumulation. Source: Santiment

On a macro level, XRP’s Market Value to Realized Value (MVRV) ratio is currently sitting in the opportunity zone. The MVRV ratio measures investor profitability and, at -9.5%, indicates that those who bought XRP in the past month are experiencing losses. However, this range between -9% and -19% is historically seen as a buying opportunity, as investors tend to stop selling and instead accumulate assets at these low prices.

This positioning in the opportunity zone often leads to a reversal in selling pressure, encouraging accumulation, which can drive prices higher. With XRP now in this favorable zone, the macro momentum could turn positive, paving the way for a price rebound.

XRP MVRV Ratio.
XRP MVRV Ratio. Source: Santiment

XRP Price Prediction: Breaching Through

The XRP price is currently holding above the 38.2% Fibonacci Retracement line at $0.52. If the altcoin successfully bounces off this support level, it could rally toward the next resistance level at $0.55, signaling a bullish move.

If XRP manages to breach $0.55, the technical indicators point to further gains. The next target would be the 61.8% Fibonacci line at $0.59. Breaching this resistance could bring XRP back to $0.60, solidifying its recovery and reversing the recent downturn.

Read more: Ripple (XRP) Price Prediction 2024/2025/2030

XRP Price Analysis.
XRP Price Analysis. Source: TradingView

However, if XRP fails to break through the $0.55 resistance, it could end up consolidating between $0.52 and $0.55. This would invalidate the bullish outlook, potentially prolonging the recovery process and limiting upward momentum in the short term.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Rexas Finance (RXS) up 100% in less than a month, is this the next Solana (SOL)?

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The cryptocurrency market has witnessed a positive growth surge, and in conjunction with this, Rexas Finance (RXS) has increased by over 100% in less than a month. With its cutting-edge technology for the tokenization of physical assets and an expanding ecosystem, some people are starting to wonder: Is Rexas Finance the new Solana (SOL)? There has always been a question of whether RXS could emulate the same skyrocketing increase as Solana. This necessitates studying the curve of SOL, identifying the key factors of its success, and considering why Rexas Finance might be able to replicate, if not exceed this level.

The rise of Solana (SOL): A blockchain revolution

The use of Solana’s programming language is graphical in nature, and thus the UI elements may match ideas from vocabulary techniques. The graph of Solana (SOL) has largely revolved around being one of the most effective storytelling platforms within the cryptocurrency space. Starting from $1.50, Solana’s currency progressed remarkably in 2021 to hit $260, marking more than a seventeen thousand percent growth. 

Its growth was additionally helped by a very efficient blockchain capable of processing thousands of transactions per second at very low transaction costs. As a result, Solana provided stiff competition to Ethereum. 

Due to its quick, scalable, and secure network, Solana managed to attract developers, DeFi projects, and NFT marketplaces in no time, enabling it to rank as one of the top 10 cryptocurrencies. With the support of leading investors and growing interest, Solana quickly entered the geopolitics of the crypto world as a quick and cheap version of its competitors’ blockchains.

Will Rexas Finance (RXS) find a sustainable model like Solana did?

While Solana made efforts to enhance the scalability of the blockchain, Rexas Finance (RXS) is making a play for a different, but probably equally large, opportunity: the focus on asset tokenization. 

This new area gives cryptocurrencies access to a huge market by creating tokens for assets like real estate, gold, hiring goods, and other expensive physical products that cannot be traded as currencies. Rexas Finance is set to change the way and cost at which real-world assets (RWA) are tokenized. 

The global market for real estate is over $280 trillion. Investing in ways to map expensive physical assets like real estate and gold onto the blockchain can now provide real returns on investment.

RXS has been in the market for a little under a month but has seen its price surge above 100% within that time—a positive sign for the returns it offers to its consumers. If this project holds to this same growth trajectory, it could potentially offer similar returns to Solana, potentially rewarding its early investors with windfalls.

Rexas Finance ecosystem: Enhancing stakeholder value

The most fundamental reason for Solana’s success is attributed to the presence of an active ecosystem of both developers and users. In the same way, Rexas Finance has created an ecosystem that addresses the problem of real-life asset digitalization and adds value for investors.

Some exceptional highlights of how the Rexas Finance ecosystem works include:

  1. Rexas Token Builder: This tool enables individuals and organizations to issue and sell their own tokens based on real-world assets. Whether it’s real estate developers sourcing funds for a building through tokenization or individuals selling fractional ownership in their collections, the Rexas Token Builder offers a simplified approach to the tokenization of assets.
  2. Rexas Launchpad: Investors can buy equity stakes in projects backed by the tokenization of project assets in the form of shares. Rexas Launchpad brings together asset owners and investors from all over the world, replacing traditional systems of fundraising with promising decentralized methods of financing projects.
  3. Rexas Estate: One of the key features of the platform is real estate tokenization, which allows investors to own a stake in properties. This facilitates liquidity in real estate and lowers the entry barrier to this class of high-end investments.
  4. Perpetual Intentions: Since solving real-world problems is central to Rexas Finance’s long-term vision, it echoes Solana’s accomplishment with its fast blockchain network. It is projected that as more assets become tokenized and join the platform, the supply and pricing of RXS will perform well.

Why Rexas Finance is getting the attention of huge investors

Rexas Finance is not only gaining attention from retail investors—crypto whales and institutional investors are noticing it too. In fact, during its Stage 3 presale, Rexas Finance raised over $2.75 million when demand was high. Now, Stage 4 has been activated, providing tokens for $0.06 each. 

Many investors are rushing to get RXS due to its practical use and the massive total addressable market (TAM) it taps into. Moreover, some analysts believe that from the current presale stage, RXS could appreciate to $50, which would make RXS one of the best investment opportunities in the crypto investment space today.

Additionally, Rexas Finance has organized a $1 million giveaway competition, which is already stimulating even more interest in the project and provides an extra incentive for early investors. 

Conclusion: Some analysts believe Rexas Finance could follow in Solana’s footsteps

While Solana has already made its mark as one of the best blockchains globally, Rexas Finance (RXS) seems to be making waves in the tokenization of real-world assets. Rexas Finance could be poised to transform asset ownership and exchange by bridging conventional industries worth trillions, such as real estate and gold, with blockchain technology. 

Having achieved over 100% growth within a month and cultivated a thriving ecosystem of use cases, Rexas Finance could arguably become the next big success, similar to how Solana was portrayed in its infancy. As more attention is directed toward this project and large investors continue to place their hopes on its future, RXS’s dominance seems within reach. For anyone wanting to get in early, Stage 4 of the presale is still live, and tokens are offered for $0.06. 

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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This Is Why Aethir Is Investing $100 Million in Cloud Gaming

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Aethir, the DePin “GPU-as-a-service” network, is launching a $100 million ecosystem fund to support cloud gaming developers. This fund will provide grants, and the Aethir Catalyst program will give developers access to the company’s hardware resources.

This $100 million investment represents a massive expansion into the fast-growing cloud gaming industry.

Aethir’s Cloud Gaming Strategy

Aethir, the DePin “GPU-as-a-service” network, announced the new $100 million Aethir Ecosystem Fund through a blog post. This fund is set to develop AI and gaming initiatives, specifically cloud gaming. The first phase of this rollout will be Aethir Catalyst, a grant program to aid new developers.

“Aethir Catalyst is built to fast-track the development of advanced AI applications, cloud gaming platforms, and AI-driven gaming experiences. With our 43 thousand plus top-shelf GPUs and 3 thousand plus Nvidia H100s, we’re providing the computer resources to scale projects of all sizes,” the announcement claimed.

Read more: What Is DePIN (Decentralized Physical Infrastructure Networks)?

Aethir’s strategy goes beyond mere financial support. While the $100 million fund will allocate a significant portion to developer grants — ranging from $5,000 to $200,000 in Aethir’s native token ATH — the Aethir Catalyst program will also provide eligible developers with access to the company’s extensive GPU processing power.

Aethir aims for these developers to create games powered by decentralized GPU equipment, which would attract potential customers to the platform. In essence, this program is a strategic move to strengthen Aethir’s presence in the growing cloud gaming market.

Cloud Gaming Revenue
Cloud Gaming Revenue. Source: Statista

In addition to utilizing Aethir’s computing power for cloud-based games, developers will leverage the DePin GPU infrastructure to integrate AI solutions into their projects. While Aethir’s GPU resources are crucial for launching functional cloud-based games, the company’s announcement places significant emphasis on AI development opportunities.

Read more: What Is Cloud Gaming? How Does It Work?

The final pillar of the Aethir Ecosystem Fund is integration with Aethir Edge, a hardware device optimized to integrate with AI workloads and cloud gaming platforms. Users can earn ATH by hosting cloud computing services. The long-term strategy is clear: Aethir is making a massive commitment to the cloud gaming industry, and hopes to dominate early.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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Will South Korea Approve Spot Bitcoin ETFs Soon?

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South Korea’s Financial Services Commission (FSC) is deliberating revising its stance on spot Bitcoin ETFs (exchange-traded funds), handing over the consideration to a crypto advisory committee.

If approved, the financial instrument could position South Korea alongside a growing list of countries dealing with these investment products. It would also significantly expand the country’s digital asset investment market, as is happening in the US.

South Korea Deliberates Spot Bitcoin ETF Approvals

Local media reported that South Korea’s FSC is considering allowing spot Bitcoin ETFs and has established a virtual asset committee. The revelation came during the National Assembly State Affairs Committee audit session on Thursday.

The advisory committee will policies around evaluating digital assets and consult extensively before a possible approval. A positive decision from this virtual asset committee would see South Korea’s strict stance on investment products such as spot Bitcoin ETFs revised.

In June, the Korea Institute of Finance (KIF) expressed concerns months after the US SEC approved spot Bitcoin ETFs in the country. Specifically, the KIF highlighted significant risks associated with introducing such financial products into South Korea’s economy. Among them, it cited the potential for “increased inefficiency in resource allocation.”

Read more: How To Trade a Bitcoin ETF: A Step-by-Step Approach.

It also mentioned greater financial instability associated with connecting the country’s local market to the volatile crypto sector through the spot Bitcoin ETFs. The KIF warned that such financial instruments would pull investors’ focus away from traditional industries, diverting capital and potentially slowing down South Korea’s growth and innovation.

“Allowing [such] products can lead to side effects such as increased inefficiency in resource allocation, increased exposure to crypto-related risks in the financial market, and weakened financial stability,” a paragraph in the report read.

Nevertheless, the US market continues to record growing institutional interest driven by spot crypto ETFs as investors seek exposure to Bitcoin. As the allure extends to other jurisdictions like Australia and Hong Kong, among others, South Korea now finds itself at a crossroads, not wanting to lag.

Spot BTC ETFs Could Mitigate Kimchi Premium, Experts Say

CryptoQuant CEO Ki Young Ju is optimistic about the development. He says an approval would help prevent the Kimchi premium, a price gap between South Korean and overseas exchanges.

“This is bullish and will mitigate the Kimchi premium as arbitrage funds and market makers enter the Korean market,” Young Ju noted.

Other community members have also commented on the potential impact. One user on X (formerly Twitter) observes that it could open the door for institutional players, strengthening liquidity and increasing the crypto market’s potential in Korea.

Mickey Hardy, the founder of Web3 marketing and consulting studio Arcadia, said this development shows how Asian markets are leaning towards crypto, suggesting massive adoption. Rightfully so, given South Korea is also considering allowing the creation of institutional crypto accounts.

Read more: Crypto Regulation: What Are the Benefits and Drawbacks?

According to the same report, the FSC established the Virtual Asset Protection Foundation in September to address similar concerns. This organization will oversee the recovery of customers’ assets from bankrupt crypto exchanges, providing relief to those affected by such exposures. Similarly, Thailand is making strides into the crypto market.

“Thailand’s Securities and Exchange Commission (SEC) has proposed new rules to allow mutual funds and private equity funds to invest in digital assets. It also wants to allow brokerages and asset managers to offer services to large investors interested in investing in cryptocurrency-related products such as ETFs,” WuBlockchain reported citing Thailand’s SEC.

Meanwhile, even as South Korea deliberates a spot Bitcoin ETF, the region’s largest exchange, Upbit, is the subject of a new investigation. As BeInCrypto reported, the country’s lawmakers are probing the monopoly structure of the virtual asset market built around the trading platform.

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 ConditionsPrivacy Policy, and Disclaimers have been updated.



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