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Cardano gears up for a $5 run, Polygon to double, Rexas Finance (RXS) could jump from under $0.12 to $12

Published

2 hours ago

October 10, 2024

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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

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Market

BTC risks dropping below $60k as Bitcoin Dogs trades above $0.006

Published

12 mins ago

October 10, 2024

admin

Key takeaways

Bitcoin trades in the $60k region and could dip further if the bearish momentum continues.
$0DOG is down 6% in the last 24 hours but continues to trade above $0.006 per coin.

BTC could dip below $60k as bears remain in control

The cryptocurrency market has been bearish since the start of the week, with the prices of most coins and tokens currently in the red. Bitcoin, the leading cryptocurrency by market cap, is down more than 2% in the last 24 hours.

At press time, Bitcoin’s price is $60,737, but if the bearish trend continues, it could drop below $60k soon. Analysts believe Bitcoin is consolidating and could rally higher in the medium term.

What is Bitcoin Dogs?

The cryptocurrency market has been consolidating in recent weeks, but new projects continue to emerge, offering investors more ways to invest in the market. Bitcoin Dogs is a new project offering products and services to users in the Bitcoin ecosystem.

It leverages the growth of the Bitcoin blockchain to become a leading coin. Bitcoin Dogs is the first BRC-20 token ICO on the Bitcoin network and seeks to add another utility layer to the blockchain.

Following its successful presale, where it raised $13 million, Bitcoin Dogs is currently working on incorporating the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralized finance (DeFi), and Web3 culture to enable it to become a solid Bitcoin-based project.

$0DOG, Bitcoin Dogs’ native token, is live on several crypto exchanges, including MEXC, Gate.io, Uniswap, Unisat, and others. $0DOG is also live on Coinmarketcap and DEXTools.

$0DOG underperforms alongside the broader crypto market

$0DOG is underperforming, similar to the broader crypto market. The token has lost 6% of its value in the last 24 hours but continues to trade above $0.006 per coin.

Despite the bearish market, the Bitcoin Dogs team continues to roll out new features and services for its users. Earlier this week, the team rolled out the $0DOG-ETH LP Farm, with an APY of 447%.

This latest development allows investors to add liquidity to the Bitcoin Dogs ecosystem and receive massive returns on their investments.

Should you buy the Bitcoin Dogs token with this retracement?

The cryptocurrency market has been underperforming in recent weeks, and Bitcoin Dogs is no exception. $0DOG is down from the all-time high of $0.01792 it achieved last month.

The retracement provides a buying opportunity for investors as the token could soar higher once the bulls regain control of the broader cryptocurrency market. The team is already rolling out its products and services, including a blockchain-based game and several staking opportunities. These developments could push $0DOG’s price higher in the medium to long term.

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Market

Solana Price to Jump 33%? Here’s How

Published

1 hour ago

October 10, 2024

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Solana (SOL) has been showing signs of macro bullishness, which could potentially help the altcoin break out of its current ascending triangle pattern. A breakout would open the door for a significant price surge, with institutional investors playing a key role in driving this momentum.

The largest holders of SOL have continued to back the asset, signaling growing optimism despite broader market uncertainty.

Key Solana Investors Show Support

Institutional investors have remained consistently optimistic about Solana, even as other major cryptocurrencies like Bitcoin and Ethereum have faced outflows. According to a recent report from CoinShares, for the week ending October 4, SOL saw inflows totaling $5.3 million. This figure stands out as Bitcoin and Ethereum experienced significant outflows during the same period, highlighting SOL’s strong appeal.

The fact that Solana is attracting institutional interest, even in a bearish market, suggests big players are confident in its long-term potential. As institutional inflows continue, this could provide the fuel needed to push Solana’s price higher, making it a standout asset in an otherwise uncertain market.

Solana Institutional Inflows. Source: CoinShares

On a macro level, Solana’s momentum is supported by bullish technical indicators. The Relative Strength Index (RSI) is one such indicator that has been showing signs of macro bullish momentum.

Although the RSI is currently below the neutral line at 50.0, it has the potential to break above this level, entering the bullish zone. This shift would provide further validation for SOL’s upward movement and help it break out of its current pattern.

The combination of institutional support and improving technical indicators positions Solana for a potential breakout. If the RSI breaches the 50.0 level and turns bullish, it would reinforce the likelihood of SOL gaining upward momentum, possibly triggering a significant rally.

SOL Price Prediction: Aiming High

At the time of writing, Solana is trading at $140, holding above the key support level of $139. The cryptocurrency is currently moving within an ascending triangle pattern, which typically precedes a breakout. If Solana successfully breaks out of this formation, it could see a 33% rise, pushing the price to $216.

For this breakout to occur, Solana would first need to breach the $161 resistance level. Given the recent institutional inflows and bullish macro indicators, this is possible. A successful breakout would set the stage for further gains.

Solana Price Analysis. Source: TradingView

The rally would be confirmed once Solana flips the $184 resistance level into support. However, if SOL fails to break out of the ascending triangle, the price could retrace back to $139. Losing this support would invalidate the pattern and cast doubt on the bullish outlook.

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.

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Market

Multiple Tokens, Meme Coins Found in FBI-Linked Wallet

Published

3 hours ago

October 10, 2024

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The Department of Justice reports that the FBI created a crypto token, “NexFundAI,” as part of an operation targeting crypto criminals. Recently, the FBI’s wallet address was leaked, revealing various other tokens held in it.

The FBI’s use of tokens in investigations has led to charges of fraud and market manipulation against multiple individuals and organizations.

FBI Wallet Holds a Range of Tokens

Coinbase executive Conor Grogan identified the FBI’s wallet address. He found it holds tokens like EthereumMax, BONE, and several meme coins, all on the Ethereum blockchain.

“Not sure if the FBI realized this, but they doxxed their wallets.Shortly after deployment, the wallet that seeded the FBI wallet deployed capital to multiple other wallets, making dozens of trades. FBI wallets own at least 75% of the token supply from what I can tell.” Conor said.

Conor also discovered that a wallet associated with the FBI contains 1.734 billion Pornrocket tokens. Additionally, Conor found that the FBI wallet address had made multiple transactions to Tokenlon, Binance, Zixipay, and HTX exchanges. Currently, this address holds over $39,600 worth of cryptocurrency

“The FBI is long ETH,” Conor remarked.

Moreover, on-chain analyst Cygaar found that the FBI used code from OpenZeppelin’s library without proper attribution, which he noted as a copyright violation.

“Hi FBI, I noticed that your smart contracts are in direct violation of the MIT License, and thus are subject to copyright infringement. You clearly copy pasted several of OpenZeppelin’s libraries (which use the MIT License), but don’t have a license on the code yourself. The MIT License states “this permission notice shall be included in all copies or substantial portions of the Software”, which you clearly did not adhere to in your contracts.” Cygaar said.

FBI Uses NexFundAI Token in Crypto Sting Operation

According to a DOJ announcement, the FBI developed a crypto token named “NexFundAI” as part of the operation. It then hired market makers to manipulate the token market in an effort to gather evidence of illegal activities.

NexFundAI is an ERC-20 token created in late May 2024, with a total supply exceeding 98 billion. After launching the token, the FBI orchestrated multiple transactions, mapped out in a “bubble map,” to entice suspects.

Bubble Map of NexFundAI Transactions. Source: Bubblemap.

The FBI engaged firms like Gotbit, ZM Quant, and CLS Global as market makers to engage in wash trading, a manipulative practice where traders buy and sell the same asset to inflate its price or liquidity artificially. All three companies have since admitted guilt.

“What the FBI uncovered in this case is essentially a new twist to old-school financial crime… The FBI took the unprecedented step of creating its very own cryptocurrency token and company to identify, disrupt, and bring these alleged fraudsters to justice,” Jodi Cohe – Special Agent in Charge of the Federal Bureau of Investigation, Boston Division – said

The investigators also announced that investors who have traded any tokens associated with this investigation may reach out to the FBI for more information via a notification form.

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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