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Rexas Finance presale skyrockets to new heights, steals the hype from Toncoin and Tron

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In an increasingly crowded cryptocurrency landscape, a few projects are rising to the top, capturing the imagination and capital of investors. One such project is Rexas Finance (RXS), whose presale has seen an incredible surge in interest and investment, making waves across the crypto community. While big names like Toncoin (TON) and Tron (TRX) have long enjoyed their moments in the spotlight, it seems Rexas Finance is now stealing the hype. Thanks to its unique approach to real-world asset (RWA) tokenization, Rexas Finance is quickly becoming a favorite among investors looking for a project with real-world utility and long-term growth potential.

The Rise of Rexas Finance

Rexas Finance has differentiated itself from many of the other projects in the crypto space by addressing real-world problems rather than focusing solely on speculative gains. Its platform allows users to tokenize real-world assets such as real estate, commodities, art, and intellectual property, making these typically illiquid assets more accessible and tradable. Tokenization breaks down large, valuable assets into smaller digital units, or tokens, which can be bought, sold, or traded on the blockchain. This opens up previously inaccessible investment opportunities to a much broader audience. Traditionally, only institutional investors or wealthy individuals could afford to invest in high-value assets like commercial real estate or fine art. With Rexas Finance, investors can now own fractional shares of these assets, giving them a chance to participate in markets that were previously out of reach.

Why Rexas Finance is Gaining Traction

The concept of real-world asset (RWA) tokenization is not entirely new, but Rexas Finance stands out due to its seamless, user-friendly platform and the security that blockchain technology offers. Investors are drawn to the project because of its practical applications in the real world. Unlike many projects that are built purely on speculation, Rexas Finance is focused on solving real-world problems, which gives it staying power in the volatile crypto market.

Here are some key factors contributing to Rexas Finance’s skyrocketing success in its presale phase:

At the heart of Rexas Finance’s appeal is its ability to tokenize real-world assets, making it possible for people to own fractional shares of valuable assets. Whether it’s real estate, gold, or fine art, Rexas Finance is opening the doors to a broader pool of investors, providing liquidity to traditionally illiquid markets. This ability to solve tangible problems in asset accessibility and liquidity is something many other cryptocurrencies, including Toncoin and Tron, simply don’t offer.

  • Investor Confidence in RWA Tokenization

The global market for real-world assets is enormous, with real estate alone valued at over $379 trillion. Even tokenizing a fraction of this market could unlock trillions of dollars in value. Investors see this as a major opportunity, and Rexas Finance is positioning itself as a leader in this space. With blockchain technology providing security and transparency, investors are confident that Rexas Finance’s platform will deliver on its promises.

The momentum of Rexas Finance’s presale has been nothing short of remarkable. Raising over $200,000 on its first day, the presale has already caught the attention of both retail and institutional investors. With RXS tokens priced at $0.03 in the initial phase, early investors have the potential to see significant returns, with the token price set to rise in subsequent stages of the presale. The projected price of $0.20 by the end of the presale represents a 566% increase, creating a sense of urgency among those looking to get in on the ground floor.

Rexas Finance has developed a robust tokenomics model that incentivizes early participation while ensuring long-term growth. With a total supply of 1 billion RXS tokens, 42.5% is allocated for the presale, giving investors a significant opportunity to enter at a favorable price. Additionally, 22.5% of tokens are reserved for staking, encouraging long-term holding and contributing to the stability and sustainability of the project.

  • Focus on Security and Transparency

Rexas Finance is not just about accessibility; it’s also about security. By leveraging blockchain technology, the platform ensures that all transactions are transparent and secure. The use of smart contracts adds an additional layer of trust, as all trades and transactions are executed automatically, reducing the risk of human error or fraud. This focus on security gives investors peace of mind, something that’s often missing in more speculative crypto projects.

Rexas Finance Steals the Hype from Toncoin and Tron

While Toncoin (TON) and Tron (TRX) have long been popular among crypto investors, their focus has been primarily on decentralized applications (dApps) and blockchain infrastructure. Toncoin, initially developed by the Telegram team, focuses on enabling decentralized communications and services. Meanwhile, Tron has positioned itself as a competitor to Ethereum by building a high-performance blockchain for dApps and smart contracts.

However, both of these projects lack the real-world applicability that Rexas Finance brings to the table. While Toncoin and Tron are respected for their technological innovations, they do not provide the same tangible benefits to everyday investors that Rexas Finance does through real-world asset tokenization. This distinction has allowed Rexas Finance to capture a significant portion of the crypto market’s attention, stealing the hype from these well-known projects.

The Future of Rexas Finance

With the crypto market evolving and investors looking for projects with real-world applications, Rexas Finance is well-positioned for sustained growth. The platform’s ability to tokenize real-world assets not only democratizes investment but also brings much-needed liquidity to traditionally illiquid markets. As more people recognize the potential of RWA tokenization, Rexas Finance could become a dominant player in this emerging sector.

As the presale progresses and Rexas Finance continues to hit new milestones, the project is set to rise even further in prominence. For investors looking for the next big opportunity, RXS offers both short-term gains through the presale and long-term growth potential as it disrupts the world of asset management.

Conclusion

Rexas Finance (RXS) is rapidly gaining momentum, appealing to investors with its unique approach to real-world asset tokenization. While well-established projects like Toncoin (TON) and Tron (TRX) have their strengths, Rexas Finance is stealing the spotlight by offering tangible solutions that appeal to both retail and institutional investors. With a strong presale performance, real-world utility, and a well-thought-out tokenomics model, Rexas Finance is set to become a major player in the crypto space, offering investors the chance to be part of something truly revolutionary.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance



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XRP Recovery Stalls—Are Bears Still In Control?

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XRP price started a fresh decline from the $2.20 zone. The price is now consolidating and might face hurdles near the $2.120 level.

  • XRP price started a fresh decline after it failed to clear the $2.20 resistance zone.
  • The price is now trading below $2.150 and the 100-hourly Simple Moving Average.
  • There is a connecting bearish trend line forming with resistance at $2.120 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair might extend losses if it fails to clear the $2.20 resistance zone.

XRP Price Faces Rejection

XRP price failed to continue higher above the $2.20 resistance zone and reacted to the downside, like Bitcoin and Ethereum. The price declined below the $2.150 and $2.120 levels.

The bears were able to push the price below the 50% Fib retracement level of the recovery wave from the $2.023 swing low to the $2.199 high. There is also a connecting bearish trend line forming with resistance at $2.120 on the hourly chart of the XRP/USD pair.

The price is now trading below $2.150 and the 100-hourly Simple Moving Average. However, the bulls are now active near the $2.10 support level. They are protecting the 61.8% Fib retracement level of the recovery wave from the $2.023 swing low to the $2.199 high.

XRP Price

On the upside, the price might face resistance near the $2.120 level and the trend line zone. The first major resistance is near the $2.150 level. The next resistance is $2.20. A clear move above the $2.20 resistance might send the price toward the $2.240 resistance. Any more gains might send the price toward the $2.2650 resistance or even $2.2880 in the near term. The next major hurdle for the bulls might be $2.320.

Another Decline?

If XRP fails to clear the $2.150 resistance zone, it could start another decline. Initial support on the downside is near the $2.10 level. The next major support is near the $2.0650 level.

If there is a downside break and a close below the $2.0650 level, the price might continue to decline toward the $2.020 support. The next major support sits near the $2.00 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $2.10 and $2.050.

Major Resistance Levels – $2.120 and $2.20.



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Experts Raise Red Flags Over Finances

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Circle’s initial public offering (IPO) filing has raised concerns among industry experts, who are sounding alarms over the company’s financial health, distribution costs, and valuation. 

While the move marks a significant step toward mainstream financial integration, experts’ skepticism casts doubt on the company’s long-term prospects.

Analysts Highlight Red Flags With Circle IPO

On April 1, BeInCrypto reported that Circle had filed for an IPO. The company plans to list its Class A common stock on the New York Stock Exchange (NYSE) under “CRCL.”

Circle’s IPO filing reveals revenue of $1.67 billion in 2024, a notable increase from previous years. However, a closer examination of the company’s financials has uncovered some challenges.

Matthew Sigel, Head of Digital Assets Research at VanEck, noted that revenue increased 16% year over year. Yet, at the same time, the company reported a 29% decrease in EBITDA year over year, indicating a decline in operational profitability. Additionally, net income fell by 42%, reflecting a significant drop in overall profitability.

Circle Financial Data
Circle Financial Data. Source: X/MatthewSigel

Sigel pointed out four factors contributing to the decline in these financial metrics. He explained that the company’s rapid expansion and new service integrations negatively impacted net income. 

Furthermore, the discontinuation of services like Circle Yield reduced other revenue streams. This, in turn, exacerbated the decline in profitability. 

“Costs related to restructuring, legal settlements, and acquisition-related expenses also played a role in the decline in EBITDA and net income, despite overall revenue growth,” Sigel added.

Importantly, he focused on Circle’s increased distribution and transaction costs. Sigel revealed that the cost rose due to higher fees paid to partners like Coinbase and Binance.

A related post by Farside Investors on X (formerly Twitter) shed further light on these expenses.

“In 2024, the company spent over $1 billion on “distribution and transaction costs,” probably much higher than Tether as a % of revenue,” the post read.

This prompts speculation that Circle may be overspending to maintain its market share in the competitive stablecoin sector. The company’s historical performance further fuels skepticism.

Farside Investors added that in 2022, Circle recorded a staggering $720 million loss. Notably, the year was marked by significant turmoil in the crypto industry, including the high-profile collapses of FTX and Three Arrows Capital (3AC). 

This suggests that Circle may be vulnerable to market shocks. Thus, it calls into question the company’s risk management capabilities—especially in the inherently volatile crypto market.

“The gross creation and redemption numbers are a lot higher than we would have thought for USDC. Gross creations in a year are many multiples higher than the outstanding balance,” Farside Investors remarked.

In addition, analyst Omar expressed doubts about Circle’s $5 billion valuation. 

“Nothing to love in the Circle IPO filing and no idea how it prices at $5 billion,” he questioned.

He drew attention to several concerns, including the company’s gross margins being severely impacted by high distribution costs. The analyst also pointed out that the deregulation of the US market is poised to disrupt Circle’s position. 

Additionally, Omar stressed that Circle spends over $250 million annually on compensation and another $140 million on general and administrative costs, raising questions about its financial efficiency. He also noted that interest rates—core income drivers for Circle—will likely decline, presenting additional challenges.

“32x ’24 earnings for a business that just lost its mini-monopoly and facing several headwinds is expensive when growth structurally challenged,” Omar said.

Analysis of Circle's Finances Ahead of IPO
Analysis of Circle’s Valuation Ahead of IPO. Source: X/Omar

Ultimately, the analyst concluded that the IPO filing was a desperate attempt to secure liquidity before facing serious market difficulties.

Meanwhile, Wyatt Lonergan, General Partner at VanEck, shared his predictions for Circle’s IPO, outlining four potential scenarios. In the base case, he forecasted that Circle would capitalize on the stablecoin narrative and secure key partnerships to drive growth. 

In a bear case, Lonergan speculated that poor market conditions might lead to a Coinbase buyout.

“Circle IPOs, the market continues to tank, Circle stock goes with it. Poor business fundamentals cited. Coinbase swoops in to buy at a discount to the IPO price. USDC is all theirs at long last. Coinbase acquires Circle for something close to the IPO price, and they never go public,” Lonergan claimed.

Lastly, he outlined a probable scenario where Ripple bids up Circle’s valuation to a staggering $15 to $20 billion and acquires the company.

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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Ethereum Price Approaches Resistance—Will It Smash Through?

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Ethereum price started a recovery wave above the $1,850 level. ETH is now consolidating and facing key hurdles near the $1,920 level.

  • Ethereum started a recovery wave above $1,820 and $1,850 levels.
  • The price is trading above $1,860 and the 100-hourly Simple Moving Average.
  • There is a connecting bullish trend line forming with support at $1,860 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair must clear the $1,900 and $1,920 resistance levels to start a decent increase.

Ethereum Price Starts Recovery

Ethereum price managed to stay above the $1,750 support zone and started a recovery wave, like Bitcoin. ETH was able to climb above the $1,820 and $1,850 resistance levels.

The bulls even pushed the price above the $1,880 resistance zone. There was a move above the 50% Fib retracement level of the downward wave from the $2,032 swing high to the $1,767 low. However, the bears are active near the $1,920 zone.

Ethereum price is now trading above $1,850 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $1,860 on the hourly chart of ETH/USD.

On the upside, the price seems to be facing hurdles near the $1,900 level. The next key resistance is near the $1,920 level and the 61.8% Fib retracement level of the downward wave from the $2,032 swing high to the $1,767 low.

Ethereum Price
Source: ETHUSD on TradingView.com

The first major resistance is near the $1,970 level. A clear move above the $1,970 resistance might send the price toward the $2,020 resistance. An upside break above the $2,020 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,050 resistance zone or even $2,120 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $1,920 resistance, it could start another decline. Initial support on the downside is near the $1,860 level and the trend line. The first major support sits near the $1,845 zone.

A clear move below the $1,845 support might push the price toward the $1,800 support. Any more losses might send the price toward the $1,765 support level in the near term. The next key support sits at $1,710.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is losing momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $1,860

Major Resistance Level – $1,920



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