Market
Could this under $0.05 RWA token beat Cardano, Toncoin to reach top 10 cryptos by 2025?
- Several crypto industry insiders are predicting that the RXS token for the viral real-world asset project, Rexas Finance, could beat major altcoins such as Cardano (ADA) and Toncoin (TON) in the near future.
- Some projections suggest the Rexas Finance (RXS) project could reach the top 10 cryptos by 2025.
Rexas Finance presale sparks major interest, raises over $400,000 in just four days
Rexus Finance has emerged as a key player in the real-world asset sector, offering the potential to unlock trillions of dollars in assets worldwide. Through tokenization, Rexus Finance aims to bring major growth industries like real estate, gold, and commodities into the blockchain space, creating new opportunities for digital asset ownership.
The presale for Rexus Finance’s token (RXS) launched on September 8, 2024, and has already attracted substantial interest from early investors, raising over $400,000 in less than four days.
Some analysts are projecting the potential for 6x returns for those investing in the presale, with long-term forecasts from several industry insiders holding out the possibility of 100x growth based on the platform’s utility and market potential.
With the token currently priced at less than $0.05, and a number of insiders indicating that the Rexus Finance ecosystem positions the project to outperform major altcoins like Cardano (ADA) and Toncoin (TON) in the near future, it represents an exciting opportunity for early investors.
Key Features of Rexus Finance (RXS)
Rexus Finance (RXS) offers a range of innovative features that are expected to drive the project’s growth in the coming years:
Rexus Token Builder: This tool allows users to easily tokenize their assets, eliminating the complexities typically associated with blockchain coding. With Rexus Token Builder, users can create and launch tokens in just minutes, streamlining the process for those entering the blockchain space.
Rexus Launchpad: The decentralized Rexus Launchpad offers a secure and transparent ecosystem for token sales across multiple blockchain networks. Users can start fundraising for their tokens, making it a crucial feature for early-stage projects.
Rexus Estate: Rexus Finance opens up the real estate market to crypto users, allowing them to invest in physical properties and earn passive income in stablecoins. This platform offers a seamless way for global investors to participate in the real-world real estate market through blockchain.
Other Utilities:
- Rexus GenAI: A platform designed for artists and creators to produce unique and high-quality digital artworks, particularly those venturing into the NFT industry.
- Rexus DeFi: A decentralized finance platform that simplifies crypto trading by enabling users to effortlessly swap assets across various networks.
Rexus Treasury: This multi-chain yield optimizer allows users to earn compound interest on their crypto investments, enhancing the potential for long-term growth.
Market
Sky or Maker? Vote Reveals MakerDAO’s Centralization Concerns
Sky will not re-rebrand as MakerDAO after a community vote that favored keeping the new identity.
The rebranding is central to founder Rune Christensen’s “Endgame” strategy, which aims to reshape the protocol for more competitiveness and resilience.
MakerDAO Governance Vote Dominated By Whales
Sky confirmed the identity stay in a post on X after an on-chain vote to continue using the new brand name as the ecosystem’s primary backend protocol.
“This decision supports the ongoing transition from MKR to SKY and establishes Sky as the core brand, denoting both the Sky app frontend and the backend Sky Ecosystem and Sky Protocol,” the project team said.
The governance polls show that the proposal to revert Sky to its original Maker branding faced substantial opposition. Specifically, nearly 80% of the vote share leaned toward maintaining the Sky identity as the protocol’s “backend protocol brand.”
The decision revealed an underlying centralization issue within MakerDAO’s governance. According to Sky’s voting metrics, four large entities controlled most of the voting power. Each entity secured about 20% of the votes, and only one prominent entity voted against the proposal. This left smaller stakeholders with limited influence over the outcome.
“Four MKR whales hold 98% of voting power, rejecting the rebranding of the DeFi protocol Sky back to Maker. This highlights the influence of a few in decentralized governance. It raises concerns about true decentralization in such ecosystems,” said HUDI, a web3 data layer builder.
Nevertheless, this turnout to maintain Sky aligns with Christensen’s ambitious “Endgame” strategy, kickstarted in late 2022. The Sky co-founder proposed the strategy to revitalize what he perceived as a stagnating DeFi project.
He wants to diversify MakerDAO’s services and develop new products. The plans include launching a range of new stablecoins, creating an alternative governance token called SKY, and establishing “subDAOs.”
In September, MakerDAO members voted to give DAI holders the option to exchange their tokens for a new stablecoin named Sky Dollar (USDS) at a 1:1 ratio. Likewise, MKR holders could swap their tokens for SKY tokens at a 1:24,000 ratio.
Of note is that the organization clarified that DAI and MKR tokens will continue to exist alongside USDS and SKY in the near future. Nevertheless, the introduction of SKY and USDS represents a strategic effort to attract new users and accommodate diverse regulatory and decentralization demands in the market.
Products and Tokens Under the Sky Brand
With Sky now in place, the rebranding may proceed to introduce a new suite of tokens and products under the new banner. This includes launching decentralized and regulatory-compliant stablecoins like puredai and NewStable, respectively. These products target different segments: puredai for censorship-resistant uses and NewStable for broader, compliance-driven adoption.
Sky is preparing to introduce these stablecoins on Solana and Ethereum Layer-2 Base, suggesting possible integrations across blockchains and maximizing accessibility. Another notable development is Sky’s planned collaboration with Aave, a leading DeFi protocol, to offer stacked USDS rewards. Sky will also introduce a staking system using both SKY and MKR tokens alongside a custom bridge called SkyLink for EVM chains.
Despite the strategic rationale behind the rebrand, the move has not been universally welcomed. Community members have voiced concerns that the new brand does not resonate with Maker’s established reputation. Others continue to cite confusion between SKY and MKR. Christensen attempted to quell some of the fears.
“It’s gonna take a bit more planning but I will make a follow-up proposal where MKR will be renamed to indicate it is a SKY wrapper. This way, MKR holders will automatically upgrade to SKY and there will be no confusion around two tokens. This will not affect tokenomics,” the Sky co-founder explained.
While Christensen’s Sky brand could reach new users, it also risks alienating legacy supporters who identify with the original Maker. For investors, the vote reflects the complex dynamics at play within MakerDAO’s governance, where large holders wield outsized influence. In such situations, changes can carry both potential upsides and risks for the protocol’s market perception.
The Endgame strategy could ultimately redefine Sky as a leader in DeFi. Nevertheless, this hinges on the successful rollout of its ambitious projects. The ability to harmonize with the demands of a loyal but change-averse community is also a factor.
According to BeInCrypto data, the Maker (MKR) token has surged nearly 5% following this news, currently trading at $1,503.47.
Disclaimer
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Market
Ethereum Price Rise Targets $3,000: Will It Cross the Mark?
Ethereum price started a fresh increase above the $2,720 resistance. ETH is up over 10% and now approaches the key barrier at $3,000.
- Ethereum started a fresh surge above the $2,720 resistance zone.
- The price is trading above $2,750 and the 100-hourly Simple Moving Average.
- There is a new connecting bullish trend line forming with support at $2,820 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could continue to rise if it clears the $2,950 resistance.
Ethereum Price Extends Its Increase
Ethereum price started a fresh increase above the $2,650 resistance like Bitcoin. ETH was able to climb above the $2,720 and $2,750 resistance levels to move further into a positive zone.
It even surged above the $2,850 level in the past few sessions, beating BTC. It is up over 10% and there was a move above $2,920. A high is formed at $2,955 and the price is showing signs of more upsides. It is well above the 23.6% Fib retracement level of the upward move from the $2,355 swing low to the $2,955 high.
Ethereum price is now trading above $2,800 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2,820 on the hourly chart of ETH/USD.
On the upside, the price seems to be facing hurdles near the $2,920 level. The first major resistance is near the $2,950 level. The main resistance is now forming near $3,000. A clear move above the $3,000 resistance might send the price toward the $3,120 resistance.
An upside break above the $3,120 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,250 resistance zone.
Are Dips Limited In ETH?
If Ethereum fails to clear the $2,950 resistance, it could start a downside correction. Initial support on the downside is near the $2,850 level. The first major support sits near the $2,820 zone and the trend line.
A clear move below the $2,820 support might push the price toward $2,720. Any more losses might send the price toward the $2,650 support level in the near term. The next key support sits at $2,550.
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 – $2,820
Major Resistance Level – $2,950
Market
XRP Price Gains Fade Once Again: Will Support Hold?
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