Market
Top 4 altcoins to buy before the market fully recovers
The crypto market saw its value fall on December 18 after Bitcoin (BTC) dropped from its all-time high above $108,000. This dip happened as the market awaited the Federal rate cut. Following BTC’s lead, the rest of the market also crashed, reducing the overall market cap by 3%. However, the market has been recovering ever since but has yet to recover fully. This price dip, which has left several cryptocurrencies at lower prices, creates an opportunity to buy promising altcoins before the market recovers. Here are four such altcoins to consider buying right now while we await a full recovery.
Rexas Finance (RXS): Low Price, High Value
RXS’s current presale price of an affordable $0.175 offers investors a rare opportunity to secure a high-potential asset at a bargain. Supported by its innovative approach to asset management, RXS could witness a breakout as the market regains momentum. Traditional asset management has since faced challenges such as illiquidity, high transaction costs, and limited accessibility. Rexas Finance solves these issues head-on through asset tokenization. This process converts assets like real estate and intellectual property into digital tokens. Thus, it democratizes access to markets that were once exclusive to high-net-worth individuals. This revolutionary approach has resonated with investors, positioning RXS as a leader in the growing RWA tokenization sector. Since its presale launched in September, Rexas Finance has captured significant attention from the crypto community. In less than four months, it sold out ten presale stages and is currently in stage eleven. At stage eleven, it raised almost $35 million, selling $390 million worth of tokens. The rapid pace of the presale reflects growing investor confidence in the project’s vision and long-term potential. The massive attention it has been getting that its affordable price is a limited-time opportunity. Analysts’ predictions have bolstered this view. Experts believe it could see a sharp price increase once the token launches on major exchanges in early 2025.
The real-world asset market, valued at over $486 trillion, presents a massive opportunity for growth, and Rexas Finance is well-positioned to capitalize on it. Some analysts suggest that RXS could reach $12 a few weeks after its launch. This forecast is fueled by the growing demand and its ability to solve long-standing problems in traditional finance. Rexas Finance could deliver substantial returns when the market recovers, making it a smart option now. Thus, RXS is a novel choice for those seeking lucrative decentralized finance opportunities.
Solana (SOL): Institutional Interest Drives Momentum
SOL is slightly below the $200 mark, trading at $198. It could witness a sharp recovery if it breaches the resistance at $200. Meanwhile, Solana remains one of the most promising cryptocurrencies, and it is now a perfect buying opportunity. A promising update has also been made that could elevate its status in the market. A popular asset management firm, Volatility Shares, recently filed for a Solana futures exchange-traded fund with the U.S. Securities Exchange Commission. This follows several applications for spot Solana ETFs, indicating growing institutional interest in the blockchain. Industry experts, like ETF Store’s Nate Geraci, view this filing as a positive step for Solana, especially given Volatility Shares’ successful push for Ether futures ETFs in 2023. This increasing institutional backing points to a promising future for Solana. Thus, it could be a top pick for investors before the market fully rebounds.
Cardano (ADA): Whale Activity and Strong Support Build Optimism
Cardano (ADA) is currently trading at $0.85, facing resistance at $1, a key psychological barrier. However, its history of January price surges — averaging 20% over the past seven years — offers optimism for a rebound. Experts point to strong support between $0.77 and $0.68, reinforced by increasing whale activity. Large investors accumulating ADA signal confidence in its long-term potential. Its chart presents a head-and-shoulders pattern, hinting at a possible price reversal. This could push ADA back to its all-time high of $3.09 by 2025. The growing market interest and promising technical indicators make ADA a great pick now that the market has yet to recover.
Ripple (XRP): Bullish Patterns and Promising Developments
XRP trades below $2.10 at the moment, fearing it could breach the support at $2 and decline further. However, it has been resilient despite its sharp decline. Veteran trader Peter Brandt has identified a promising bullish wedge, hinting at a price surge into 2025. Credible Crypto, another respected analyst, predicts XRP could skyrocket to $20 or even $30, driven by clean, impulsive price movements. Ripple’s outlook for 2025 is also promising, with key events like a possible ETF approval sparking optimism. The newly launched RLUSD stablecoin has also gained traction, as shown by its rising trading volume, adding to Ripple’s bullish narrative. While risks like market volatility remain, XRP remains promising as long as it stays above $2. Following the U.S. president’s inauguration, XRP could recover quickly, making now the best time to buy it.
Conclusion
These four altcoins are promising, and now is an excellent opportunity to buy the dip before they recover. Rexas Finance has, however, been increasing despite the downturn, but its low price of $0.175 offers an opportunity to buy into a lucrative investment early on. The market recovery will rally RXS, making now the best time to buy before the market recovers.
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
Donald Trump Unaware of TRUMP Meme Coin’s Success
In a press conference on January 21, US President Donald Trump responded to questions about his meme coin, TRUMP, admitting that he had limited knowledge of the token despite its market success.
His comments led to a brief dip in the token’s price, which subsequently rebounded.
Donald Trump Talks TRUMP Coin: Price Fluctuates
Speaking from the White House, Trump responded to inquiries about whether he was personally benefiting from the token, stating that he was unsure if he had profited from it.
The conference primarily focused on the announcement of a $500 billion investment in the “Stargate AI” artificial intelligence infrastructure project. President Trump was joined by OpenAI CEO Sam Altman, Oracle’s Chief Technology Officer Larry Ellison, and SoftBank CEO Masayoshi Son.
When asked about TRUMP, the President appeared uncertain about its details.
“I don’t know where it is. I don’t know much about it other than I launched it, other than it was very successful,” Trump said.
Following his remarks, the token’s value briefly plummeted, prompting reactions from the financial community. Alex Krüger, founder of Aike Capital, highlighted the decline on social media platform X (formerly Twitter).
Bloomberg analyst James Seyffart also weighed in.
“Trump just nuked his own memecoin, Seyffart noted on X.
Despite the temporary setback, TRUMP quickly rebounded. At the time of reporting, it was trading at $41.24, reflecting a 15% increase in the past 24 hours.
The meme coin’s market capitalization stood at $8.24 billion. This marked a notable increase as the token’s market cap dropped to $7.5 billion after inauguration day.
When informed that his token generated billions, Trump remarked, “Several billion … that’s peanuts for these guys,” gesturing toward the CEOs accompanying him.
The “Official Trump” token, launched last week, experienced a rapid surge of over 1,100%, rising from $6 to $75 within 36 hours. However, the ownership stake remains unclear, with two entities tied to the Trump Organization controlling 80% of the supply.
Notably, the latest Forbes analysis debunked claims of a $58 billion windfall for Trump. The analysis highlighted that these estimates were based on the token’s fully diluted valuation, which factors in non-circulating tokens. With 800 million tokens locked, an 80% stake is estimated at $6.2 billion, though this figure is subject to market fluctuations.
Despite the volatility, the broader market has shown significant interest in meme coins. As BeInCrypto reported earlier, Rex Shares recently filed for meme coin exchange-traded funds (ETFs) that include TRUMP, BONK, and DOGE.
Meanwhile, meme coins stay true to their volatile nature, with TRUMP not being the only one experiencing sharp fluctuations. First Lady Melania Trump’s meme coin, MELANIA, hit an all-time high of $13 on January 20 but later dropped to around $4.
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.
Market
Solana (SOL) Ignites New Momentum: Bulls Target Higher Ground
Solana started a fresh increase above the $240 resistance. SOL price is back above $2500 and might aim for a fresh increase above the $262 zone.
- SOL price started a fresh increase above the $240 and $250 levels against the US Dollar.
- The price is now trading above $250 and the 100-hourly simple moving average.
- There was a break above a key bearish trend line with resistance at $245 on the hourly chart of the SOL/USD pair (data source from Kraken).
- The pair could start a fresh increase if the bulls clear the $262 zone.
Solana Price Reclaims $250
Solana price formed a base above $225 and started a decent upward move, like Bitcoin and Ethereum. SOL was able to climb above the $235 and $240 resistance levels.
There was a break above a key bearish trend line with resistance at $245 on the hourly chart of the SOL/USD pair. The pair even cleared the 50% Fib retracement level of the downward move from the $272 swing high to the $230 low.
Solana is now trading above $250 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $262 level or the 76.4% Fib retracement level of the downward move from the $272 swing high to the $230 low.
The next major resistance is near the $272 level. The main resistance could be $280. A successful close above the $280 resistance zone could set the pace for another steady increase. The next key resistance is $292. Any more gains might send the price toward the $300 level.
Another Decline in SOL?
If SOL fails to rise above the $262 resistance, it could start another decline. Initial support on the downside is near the $250 zone and the 100-hourly simple moving average.
The first major support is near the $240 level. A break below the $240 level might send the price toward the $230 zone. If there is a close below the $230 support, the price could decline toward the $215 support in the near term.
Technical Indicators
Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.
Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.
Major Support Levels – $250 and $240.
Major Resistance Levels – $262 and $272.
Market
Scam Claims US Treasury Opened XRP Wallet
In an apparent social media scam, individuals based in the Philippines tried to suggest that the US Treasury created an XRP wallet.
Although this incident immediately had substantial red flags, it was still circulated by popular X (formerly) accounts. This is a worrying sign about the state of the community in 2025, and there’s no easy solution.
Did the US Treasury Buy XRP?
Since President Trump took office, social media scams have been taking off in the crypto space. After the launch of the TRUMP meme coin, figures in his orbit have released their own rug pulls or egregiously sketchy token projects.
Another scam is now taking off, where someone claimed that the US Treasury opened an XRP wallet.
“[The] latest example of the rampant misinformation problem in the XRP community. This time we have fake KYC’d accounts from the Philippines pretending to be the US Treasury and issuing fake tokens on the XRPL. I’m being genuine when I ask, how do people actually fall for this stuff?” asked Zach Rynes, Chainlink Community Liason.
The US Treasury XRP Wallet scam took off quickly after it was first posted, with several major accounts boosting it. This fake wallet allegedly interacted with major institutions like Bank of America and JPMorgan, but on-chain analysis reveals that it’s based in the Philippines.
A non-US account clearly activated the phony Treasury wallet.
In fairness, a few factors in the broader crypto ecosystem worked to make this hoax seem more plausible. For one, Trump has endorsed a US Bitcoin Reserve, and several states are trying to launch their own reserves.
The price of XRP has been soaring, and some community members believe that the Treasury under Trump could want in on the profits.
However, hoaxes like this work especially well on a vulnerable sector of the community: newcomers. Nearly half of TRUMP holders have never invested in crypto before, and this is a clear sign of the new interest in crypto.
If uninformed people hear verified credible accounts claiming that the US Treasury is boosting XRP, they might not have the background to dispute it.
Rynes went on to state that a trained eye could immediately see the red flags in this incident, but it’s “hard to know what the solution is” to major social media hoaxes like this.
Ultimately, the crypto community will need to do some real soul-searching, or scams could seriously sully the industry’s long-term reputation.
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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