Market
Legendary trader predicts 6,400% price rally for new altcoin taking on Solana (SOL) and Cardano (ADA)
A renowned trader is predicting a significant 6,400% price surge for Rexas Finance (RXS), a new altcoin challenging both Solana (SOL) and Cardano (ADA) in the crypto market. Rexas Finance, focusing on real-world asset (RWA) tokenization, aims to revolutionize how investors access and trade assets such as real estate, commodities, and more. Currently in its presale, the RXS token is priced at $0.06. The competition is fierce as ADA and SOL are well-established, but Rexas Finance seems to be positioning itself as a strong contender.
Rexas Finance: Bridging real-world assets and blockchain
Rexas Finance is already transforming the way people invest in real-world assets. Through its innovative platform, users can buy and sell fractional ownership of high-value assets such as real estate, gold, and art, making it possible for anyone to own assets with just one click. Rexas Finance also offers tools like the Rexas Token Builder, which simplifies the process of tokenizing real-world assets. This allows users to issue digital tokens representing a proportional share of any asset, creating more liquidity and market access.
The platform’s QuickMint Bot further enhances user experience, enabling even non-expert users to mint tokens seamlessly. Unlike Solana and Cardano, which focus more on digital assets, Rexas Finance integrates blockchain into real-world applications, effectively merging traditional finance with the future of decentralized technology.
Rexas Launchpad and real estate focus
The Rexas Launchpad allows new projects to raise funds through token offerings, giving investors early access to tokens that could see massive appreciation. Stage 1 through 3 of Rexas Finance’s presale sold out swiftly, raising $2.75 million. The fourth stage has seen the price double to $0.06 per token and cross the $3.6 million mark. Investors entering during this phase could see a 3.3x return on their investment upon launch. This momentum is creating serious competition for Solana and Cardano, both of which lack direct exposure to real-world assets.
Rexas Finance’s core focus on real estate makes it unique in the market. The Rexas Estate function allows investors to own fractional shares of property across the globe, from luxurious apartments in New York to beachfront homes in Europe. This form of investment not only provides potential rental income but also allows investors to benefit from the appreciation of real estate values without the burdens of full ownership. The ease of this process attracts a wide range of investors, making Rexas Finance a more attractive option than Solana and Cardano for those interested in real-world asset tokenization.
AI integration and future growth
Beyond real estate, Rexas Finance is incorporating advanced AI features such as the Rexas AI Shield, which offers enhanced security for tokenized assets, and Rexas GenAI, an AI-driven tool that provides investment insights. These tools simplify decision-making and offer users a more secure, efficient way to manage their assets.
Furthermore, the platform’s ongoing $1M Giveaway adds to the excitement surrounding the token’s presale, with 20 lucky winners receiving $50,000 in USDT. Rexas Finance is already listed on CoinMarketCap, adding visibility and credibility. The platform’s ability to tokenize assets like real estate and commodities, coupled with its advanced tools, is rapidly gaining attention. As the presale progresses, the 6400% price surge seems increasingly plausible, making it a strong competitor to SOL and ADA in the expanding crypto market.
⭐️ Milestone Alert! ⭐️
Rexas Finance has successfully raised $4.2 Million! 🚀
Thank you for your support! 👍
Buy Now: https://t.co/tNJAsvAL8G#RexasFinance $RXS #ETH pic.twitter.com/z7cNsBliMQ
— Rexas Finance (@rexasfinance) October 22, 2024
Final thoughts
The legendary trader’s prediction of a 6400% rally for Rexas Finance (RXS) reflects the platform’s strong positioning against established players like Solana and Cardano. With its focus on real-world asset tokenization, Rexas Finance is set to transform how investors access and trade assets. As the presale continues and the platform gains more visibility, Rexas Finance is likely to become a major force in the crypto market, leaving ADA and SOL to compete in an evolving environment where real-world applications hold the most promise.
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
Will Pepe Coin Price Recover After Recent Downturn?
The price of the Frog-themed Pepe coin (PEPE) has lost 6.50% in the last seven days. This decline could be linked to a major supply wall that has overpowered the underlying support.
Due to this rejection, PEPE’s price is currently trading at $0.0000098. In this on-chain analysis, BeInCrypto explains how this development could mean an extended downturn for the meme coin.
Pepe Faces Huge Supply Wall
According to the In/Out of Money Around Price (IOMAP) data, approximately 5,300 Pepe addresses hold 23.84 trillion tokens, which they accumulated at around $0.0000010. At the accumulation price, these tokens are worth nearly $240 million. It is also important to note that this group is currently holding the meme coin at a loss.
The IOMAP typically classifies addresses into those in profit, at breakeven, or out of the money. When a significant volume of addresses is out of the money at a specific price, it creates resistance at that level.
Conversely, when there’s more volume in the money, it represents a support area. In Pepe’s case, the volume at $0.000010 far exceeds that at $0.0000090, suggesting the token might struggle to break above the $0.000010 resistance.
Read more: How to Buy Pepe (PEPE) With a Credit Card: A Step-by-Step Guide
Another factor suggests a price decrease in the Network Growth. This metric measures the number of new addresses interacting with a cryptocurrency.
When the reading increases, it means that the number of market participants making their first successful transaction has increased. A decrease, on the other hand, indicates that traction on the network has decreased.
If sustained, this decline could translate into less demand for PEPE. In turn, it could become difficult for the price to increase.
PEPE Price Analysis: 28% Decrease Likely
A look at the daily PEPE/USD chart shows that the Moving Average Convergence Divergence (MACD) has dropped to the negative region.
The MACD is a momentum indicator that calculates the difference between two exponential moving averages (EMAs) of an asset’s price, commonly the 12-period EMA and the 26-period EMA.
Traders often use the crossover between the MACD and the signal line to identify potential bullish or bearish momentum. When it is positive, momentum is bullish. On the other hand, a negative reading indicates that the momentum is bearish.
Read more: Pepe (PEPE) Price Prediction 2024/2025/2030
Since it is the latter, this position could further lower the Pepe coin price. Should that remain the case, PEPE’s price might drop by 28% to $0.0000070. However, if buying pressure increases with a volume larger than the one at the $240 million resistance, the price might bounce toward $0.000014.
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 Conditions, Privacy Policy, and Disclaimers have been updated.
Market
ApeCoin Faces Strong Resistance As Bears Seize Control At $1.755
ApeCoin is facing a tough setback as bearish momentum intensifies, with the price hitting a strong resistance at $1.755. After an attempt to push higher, the bulls have lost ground, allowing the bears to take control and halt the upward movement.
Particularly, this key resistance level has emerged as a significant barrier, signaling a potential shift in market dynamics. With pessimistic pressure mounting, ApeCoin’s future direction hangs in the balance, as traders look for signs of whether the bulls can stage a recovery or if the bears will drive prices lower in the coming days.
This article analyzes ApeCoin’s struggle against strong resistance at the $1.755 level, focusing on how the bears have gained control of the market. It explores the factors driving the current bearish strength, examines key support and resistance levels, and assesses the likelihood of further downside pressure or a potential bullish recovery.
Bearish Momentum Builds As ApeCoin Hits Key Resistance
Recently, APE’s price has turned bearish on the 4-hour chart, pulling back towards the $1 mark and the 100-day Simple Moving Average (SMA) after encountering strong resistance at $1.755. This retracement marks a notable shift in momentum, as the bulls failed to maintain their upward push, allowing bears to take control.
An analysis of the 4-hour Relative Strength Index (RSI) reveals a significant decline, with the signal line dropping to 49% from its previous peak of 92%. Typically, a fall below the critical 50% threshold suggests that bears are gaining control of the market, possibly leading to more downside if the RSI continues to trend lower.
Related Reading
Also, the daily chart for ApeCoin shows increasing negative sentiment, with negative candlesticks and a decline toward the 100-day SMA, reflecting rising selling pressure as ApeCoin struggles to hold higher levels. If bulls don’t defend the current support, additional declines are possible, making the 100-day SMA a critical level to watch for either a potential reversal or continued downward movement.
Finally, on the 1-day chart, the RSI has fallen to 65%, down from its previous position in the overbought zone suggesting that buying pressure has eased and that the market could be entering a period of consolidation or possible pullback.
Support Levels To Watch Amidst Bears’ Control
As bearish momentum strengthens, key support levels become crucial in determining ApeCoin’s next move. The first level to watch is the $1 mark, a psychological and technical support that could help prevent further declines for ApeCoin.
Related Reading
Meanwhile, if bears push the price below this, the next significant support lies around $0.66. A break below these levels could lay the groundwork for additional losses, as sellers would likely increase pressure.
However, if APE’s bulls manage to stage a recovery at the $1 support level, the price of ApeCoin could begin to rebound toward the $1.755 resistance. A successful breakout above this resistance could pave the way for more upward movement, potentially targeting the $2.1 level and beyond, signaling a stronger bullish resurgence.
Featured image from Adobe Stock, chart from Tradingview.com
Market
Here’s How Ethereum Bulls Can Save ETH Price
Ethereum (ETH) bulls have a big task at hand despite helping the altcoin price rise above $2,700 earlier. This time, the new mission is to prevent ETH from going below $2,400, which is a crucial support level.
In this analysis, BeInCrypto checks if the cryptocurrency will drop below the region or if bulls will successfully defend it.
Ethereum Sees Rising Capital Injection
On October 19, the Chaikin Money Flow on Ethereum’s daily chart dropped to -0.10. Popularly called by its short form, the CMF measures the rate of capital flow in and out of a cryptocurrency.
When the CMF rises, more money flows into the crypto involved. If sustained, this could drive a notable price increase. On the other hand, a negative CMF indicates that money is flowing out and holders are distributing.
At press time, the CMF reading has returned to the positive region. This rise indicates that Ethereum bulls are accumulating the coin. If sustained, this could prevent another price crash like the one experienced some months back.
Read More: How to Buy Ethereum (ETH) and Everything You Need to Know
The Weighted Sentiment is another metric that suggests that ETH’s price could rebound. This metric measures the perception market participants have about a cryptocurrency. When it increases, the broader sentiment is bullish and can lead to increased demand
Conversely, a decrease implies that market participants are cautious about buying the cryptocurrency. In that scenario, it becomes challenging for the price to increase.
According to Santiment, Ethereum’s Weighted Sentiment has bounced off the neutral line to the positive sentiment, suggesting that ETH’s price could see increased demand.
ETH Price Prediction: After the Decline Comes the Bounce
Currently, Ethereum’s price is around $2,556. On the daily chart, ETH has formed an inverse head-and-shoulders pattern, a bearish to bullish technical pattern.
Even though Ethereum’s price has decreased, this pattern suggests that the trend will soon reverse to the upside. If this is the case, Ethereum bulls are likely to defend the $2,457 region.
Read More: Ethereum (ETH) Price Prediction 2024/2025/2030
If validated, then the altcoin might rally toward $2,839. In a highly bullish situation, it could climb as high as $3,010. However, the failure of bulls to defend the underlying support might invalidate this forecast. In that scenario, ETH could decline to $2,116.
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 Conditions, Privacy Policy, and Disclaimers have been updated.
-
Altcoin4 months ago
2.52 Million Altcoins Are Ruining Crypto’s Future
-
NFT2 months ago
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
-
Ethereum1 month ago
Crypto exchange BingX hacked for $43 million
-
Ethereum1 month ago
Are The Big Players Losing Interest?
-
Bitcoin1 month ago
Coinbase cbBTC Set to go Live on Solana
-
Blockchain6 months ago
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
-
NFT4 months ago
BLUR Is Down 30%, And Whales Are To Blame–Here’s Why
-
NFT4 months ago
New And Upcoming NFT Projects