The modern world of cryptocurrencies is such that they are very fast growing and as a result, new projects keep springing up, catching the eye of many investors and analysts. One such project that has caught the attention of many is Rexas Finance (RXS), where the price is below $0.08. It has come up with a new model for real-world asset (RWA) tokenization and with an increasing community back, some experts believe that Rexas Finance can achieve what Cardano (ADA) did, which went from around 0.1 to 3 dollars in the year 2021. 

The Rise of Rexas Finance (RXS)

Rexas Finance intends to change the current structure, encasing the tokenization of any physical asset and its trading on a distributed ledger. By offering investment options for real assets, like real estate, art, and valid valuable materials, Rexas Finance builds up the level of investment attractiveness of new technologies and makes them available to a wide range of people.

This innovative method is needed at the moment, as many investors are looking for alternatives regarding investment in the value of the growing cryptosphere. In contrast with some other existing cryptocurrencies, which are speculative by nature, Rexas Finance has its roots built on something practical and hence created room for investors who are searching for some quality in their investments. Such keen interests in real-world asset tokenization may provide strong reasons for consistent demand for the RXS token.

The Comparison to Cardano (ADA)

Rexas Finance can draw quite a lesson from the sky-high expectations and success that Cardano had in the year 2021. It started the year at roughly 10 cents before growing in leaps and bounds because of wide adoption, an active developer, and a wide range of dApps. As the Cardano market and its use case grew, the demand from the investors jumped and pushed the price to an all-time high of more than $3.

Some experts have suggested that Cardano’s penchant for upward growth has some similarities to the position that Rexas Finance occupies now. Currently priced below $0.08 at $0.05, Rexas Finance is drawing attention from retail and institutional investors looking to capitalize on the success the project is likely to have in the crypto industry. With more people understanding the benefits that come with tokenizing real-world assets, the demand for RXS may increase significantly.

Strong Community Support and the Millionaire Giveaway

Community is one of the major elements that determines the validity of any cryptocurrency. Rexas Finance has witnessed great progress in terms of developing a devoted and active community. As an additional motivational measure, the project has also introduced the Rexas Millionaire Giveaway, which is aimed at creating awareness for the RXS token while rewarding the initial supporters of the project.The structure of the Rexas Millionaire Giveaway also serves to stretch the level of the project by ensuring that would-be clients are actively engaging the market in the future. To encourage and cultivate supporting communities, Rexas Finance has been offering rewarding phrases to its customers, which is vital for the success of any cryptocurrency project in the future. This is in a way that is more likely to encourage demand on the part of the majority of the token holders and potential holders, rather than increase the profile of Rexas Finance.

Presale Progress and Future Potential

When it comes to the presale stage, Rexas Finance has performed well, as it was selling out quickly during the short periods of presale. The presale framework provides an opportunity for the market participants to buy RXS tokens at various and appealing levels, which creates an image of the need, i.e., the need that is likely to be met progressively as the project develops. Presently on Stage 3 of the presale, the token price has now hit $0.05, which suggests a positive bullish trend. During the presale, analysts expect RXS to become valuable, particularly when the project is about to be launched to the crowd. It may also be worth considering the success of the presale and further advertisement campaigns.

Analyzing Future Projections 

Considering how things are going at the moment, Cardano’s success could potentially be replicated by Rexas Finance, experts argue. With a strong base on real-life asset tokenization, an active community, and a thrilling giveaway program, Rexas Finance is ready and equipped to command the attention of investors venturing into the next big thing in the cryptocurrency space.

Investors in these early stages of the project, while it is still developing leadership and growth potential, may be well rewarded in the long run. This is why Rexas Finance is an outstanding investment—a fusion of new-age digital technologies, community-centered approaches, and practical use-case developments—promises to revolutionize the cryptocurrency market just like how a handful of other cryptocurrencies did in the year 2021, Cardano included.

In summary, the history of Cardano is informative of where things concerning cryptocurrencies are headed, as Rexas Finance sets out. Investors should keep an eye on this fast-rising altcoin, as it might be on the verge of a major breakout.

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

Just last week, Cardano’s (ADA) price was $0.42, as speculation spread that the token could rally toward $0.50. But today, this is no longer the case, as ADA’s price is $0.38.

While investors may be hoping for a quick rebound, this analysis suggests that Cardano may continue to face downward pressure.

Cardano Metrics Reveals It’s Not Time to Buy

One indicator supporting this outlook is Cardano’s Market Value to Realized Value (MVRV) Long/Short Difference. This oscillating indicator shows if long-term holders have more unrealized profits than short-term holders or otherwise.

When the MVRV Long/Short Difference is higher, the sentiment is bullish since long-term holders have the upper hand. Conversely, a negative Long/Short Difference indicates that short-term holders have more gains and is a bearish sign.

According to Santiment, Cardano’s MVRV Long/Short Difference is -25.67%, indicating that ADA is yet to exit the bearish phase. With demand dropping, this current condition indicates that Cardano’s price could be set for another fall.

Read more: How To Buy Cardano (ADA) and Everything You Need To Know

Another metric supporting this position is the price Daily Active Addresses (DAA) divergence. The DAA divergence shows whether the price increase is backed by user participation.

When the metric is positive, it means network activity is dominant, and if the price increases, it is a buy signal. However, a negative price-DAA indicates a dearth of user activity. For Cardano, it is the latter, suggesting a sell signal and predicting that ADA’s price might decrease. 

ADA Price Prediction: Another Decline

An evaluation of the daily chart shows that Cardano’s price broke out of the descending triangle on September 22. Due to this, ADA moved up to $0.42 earlier. However, the token is currently swinging downward again.

This suggests that Cardano’s price might soon hit the horizontal support of the descending triangle. But first, that will only happen if the cryptocurrency slips below the support at $0.35. Should that be the case, ADA’s value could tank to $0.31.

Read more: Cardano (ADA) Price Prediction 2024/2025/2030

However, if bulls help ADA stay above $0.35, the price might bounce. This could also be due to increased interest and buying pressure around the token. In that scenario, Cardano’s price could climb to $0.40, and later on, hit $0.46 or as high as $0.50.

Gemini will shut down operations in Canada by the end of the year, according to a Monday email sent to customers. The exchange urged customers to start withdrawing their assets before December 31, 2024.

Gemini adds to the list of exchanges that have fled from the Canadian market amid tough regulatory conditions.

Gemini To Exit the Canadian Market

The exchange did not explicitly indicate the reason for its move to exit the Canadian market. Nevertheless, customers in Canada have a 90-day notice to withdraw their holdings with the Gemini.

The decision comes only months after the Canadian Securities Administrators (CSA) instructed all platforms to sign a pre-registration undertaking (PRU) as a condition of continuing to operate in the country. The CSA said the directive was intended to protect investors, citing the insolvencies of crypto firms like Voyager, Celsius, and FTX that spanned 2022.

“Investors have experienced significant harm from the collapse of unregulated VRCAs, other VRCA market disruptions, and the activities of unregistered crypto market participants. While other international jurisdictions are developing payment-based, banking-based or hybrid regulatory regimes for certain types of VRCAs, the CSA is not aware of any such regulated VRCAs being traded in Canada,” the regulator said.

Read more: Who Are Cameron and Tyler Winklevoss? A Profile on the Twins

The directive includes regulations governing exchange-to-customer interactions and bans Canadian users from trading stablecoins without approval from the Canadian Securities Administrators (CSA).

Gemini signed the Pre-Registration Undertaking (PRU) and completed its filing, indicating compliance. The exchange viewed Canada as a key market for its international expansion. However, its recent decision to exit the Canadian market surprised customers.

Initially, regulators set an October deadline but later extended the compliance timeline to the end of 2024. Gemini’s decision to withdraw aligns with this revised schedule.

“The CSA has actively engaged with CTPs and crypto industry participants and remains open to proposals for alternative ways to address investor protection concerns raised by VRCAs.To that end, the CSA is further extending the October 31 deadline to December 31, 2024,” an excerpt in the September update read.

Failure to comply with the Canadian Securities Administrators (CSA) regulations could result in significant penalties for exchanges. For customers, this means potential loss of access to certain products. The CSA’s website indicates that only a few platforms, like Kraken and Coinbase, continue to operate under its stringent rules.

As Gemini prepares to exit the Canadian market, it joins Binance, Bybit, and Paxos, which have already withdrawn. Binance, which left over a year ago, attributed its exit to Canada’s challenging regulatory environment but expressed optimism about a potential return. 

“We are confident that we will someday return to the market when Canadian users once again have the freedom to access a broader suite of digital assets,” Binance shared on X.

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

Other platforms that exited due to amended regulations include OKX, Blockchain.com, and Deribit.