Market
Will Ripple (XRP) get an ETF? Crazy days ahead for Ethereum, Rexas Finance (RXS) could shake up RWAs
The cryptocurrency market is anything but quiet, with constant developments keeping everyone on their toes. Recently, exciting news has emerged for major players like Ripple (XRP), Ethereum (ETH), and a new player, Rexas Finance (RXS). Some experts believe Ripple is on the verge of a potential ETF launch, while Ethereum continues its rollercoaster ride, eyeing the $4,100 mark. Meanwhile, Rexas Finance is stealing the show with its potential to disrupt traditional real estate and real-world asset (RWA) investments. Let’s dive into the opportunities and challenges these three projects face.
Is there a possibility that ripple (XRP) will get an ETF?
And so the whispers begin, and the Ripple community is restless thinking: Will Ripple be next to get an ETF? With the imminent launch of the first US XRP trust by Grayscale, it is looking more and more likely.
An ETF for Ripple would be an important development, providing the opportunity to get exposure to XRP for investors if they don’t want to buy or keep the token in their wallets. This could bring in more liquidity, increased trading activity, and a rise in the price of Ripple. Though as of now an ETF is by no means guaranteed, Grayscale’s step indicates that the time when XRP is seen being launched on traditional exchanges as a part of an ETF might not be very far off.
Crazy days ahead for Ethereum (ETH)?
Ethereum (ETH) has witnessed both the bull and the bears, but the question that still lingers is: Is that moment where ETH breaches the $4,100 price level finally going to happen?
For the third time, investors have tried to breach this level only to be shut down once more making investors question if this crucial resistance barrier is one that ETH has to power through. Presently trading at $2,639, Ethereum has had a turbulent as well as exhilarating trip. Should it clear the $4,100 resistance level, the floodgates may burst wide open for profits; however, every rejection risks turning sentiment bearish instead. At the same time, Ethereum still stands out as one of the most attractive assets in the crypto world and many say that it is just a matter of time before this ETH psychological barrier is overcome.
Rexas Finance (RXS) preparing to revolutionize real estate investments
Finally we come to Rexas Finance (RXS), which has already gained traction even at its presale stage and could be on track to change the way we view investments in RWA. Consider buying a slice of a swanky apartment in Paris or a vacation home on the Caribbean Sea without ever leaving your house. That is what Rexas Finance is providing—a platform to invest in real estate all over the globe, be it complete real estate or only a portion which depends on how much one wishes to invest.
In the presale stage 3, Rexas Finance is currently valued at $0.050 having increased by 66.7% from $0.030, the price in stage 1. As the project goes to the next listing price of $0.20, the earliest investors are already looking at an opportunity to make a 300% growth by the time the project is finally launched.
What makes Rexas Finance unique is the fact that its concept of fractional ownership of real-world assets such as real estate, commodities, and even art, lets investors own and trade slices of these asset classes in the form of the token with the use of blockchain technology. Anyone can use Rexas Finance to invest in high-culture housing activities without quitting his or her job. This democratizes real estate investment since all people who wish to take risks on the economy can do so even when they don’t have enough money to purchase whole buildings.
The expansion of Rexas Finance is not narrative for narrating’s sake; it’s firmly grounded in utility. This project seeks to open up the $280 trillion global real estate market by making this traditionally difficult-to-invest asset class liquid and accessible to the average person.
Conclusion: There is a bright future ahead
Be it Ripple (XRP) making waves with the bullish outlook of an ETF coming, Ethereum (ETH) being quite volatile, or Rexas Finance (RXS) changing the perspective of how we invest in tangible assets – the prospects of crypto are exhilarating. Rexas Finance however presents something completely new – it enables everybody in the world to invest in properties irrespective of their location while the battles of Ripple and Ethereum continue in the high-stakes market.
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
SEC Moves Toward Solana ETF Approval Amid Pro-Crypto Shift
The SEC is quietly meeting with several issuers to discuss approving a Solana ETF, claims Fox Business reporter Eleanor Terrett. With Trump’s impending pro-crypto administration, the SEC seems more inclined to approve such a product.
However, anti-crypto figure Gary Gensler is still nominally in charge of the SEC, and public progress might not begin until 2025.
Solana ETF Approval Is Getting Closer
According to a scoop from Fox Business reporter Eleanor Terrett, the SEC and several ETF issuers are in talks to approve a Solana ETF. Currently, Brazil is the only country that has given this product a green light. As recently as September, Polymarket odds gave the SEC a dismal 3% chance of approving it. This reluctance, however, might soon be changing:
“Talks between SEC staff and issuers looking to launch a Solana spot ETF are “progressing” with the SEC now engaging on S-1 applications. Recent engagement from staff, coupled with the incoming pro-crypto administration, is sparking a renewed sense of optimism that a Solana ETF could be approved sometime in 2025,” Terrett claimed.
Terrett was very clear about the impetus for this progress in negotiations: Donald Trump’s re-election. On the campaign trail, Trump vowed to significantly reform US crypto policy, and one cornerstone was firing anti-crypto SEC Chair Gary Gensler. Gensler has apparently conceded to his impending ouster, and his replacement will undoubtedly support the industry.
Previous attempts have floundered at an early step in the process. Once the SEC officially acknowledges an application, it must confirm or deny it within a 240-day window. Previous filings have lingered in limbo at this stage. However, the list of candidates is now growing: Canary Capital filed for a Solana ETF in October, and BitWise did the same earlier today.
Nonetheless, these positive negotiations still only consist of anonymous rumors. The Commission has not publicly moved to begin this process, and Gensler is still nominally in charge. Terrett posits that the SEC will only make serious progress on the Solana ETF at the start of 2025. Compared to previous pessimism, however, this is a complete sea change.
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
ETH/BTC Ratio Plummets to 42-Month Low Amid Bitcoin Surge
The ETH/BTC ratio, a metric measuring Ethereum’s price performance compared to Bitcoin, has reached its lowest point since March 2021. This development comes amid BTC’s brief rise to $98,000.
While the flagship cryptocurrency has increased by 7.45% in the last seven days, ETH has hovered around the same region, with investors raising concerns about the altcoin’s future.
Ethereum Continues to Lag Behind Bitcoin
In February, the ETH/BTC ratio climbed to a yearly high of 0.060. During that time, speculation spread that Ethereum’s price would begin to outperform Bitcoin and validate the altcoin season. However, that has not happened, as Bitcoin’s price has continued to make new highs
Ethereum, on the other hand, is yet to retest to reclaim its all-time high despite reaching $4,000 earlier in the year. This disparity in performance could be linked to several factors. For instance, both cryptocurrencies saw approval for exchange-traded funds (ETFs) this year.
However, while Bitcoin has seen billions of dollars in inflows, ETH has been inconsistent in attracting capital. Hence, the institutional inflow has driven BTC toward $100,000, ensuring that the ETH/BTC ratio drops to $0.033 — the lowest level in 42 months.
Further, the disparity in Ethereum’s performance can largely be attributed to sustained selling pressure. For instance, CryptoQuant data reveals that exchange inflows into the top 10 exchanges have climbed to 461,901 ETH, valued at approximately $1.50 billion as of this writing.
This surge in exchange inflow reflects large deposits by investors, indicating a heightened willingness to sell. Such movements typically increase the supply of ETH on exchanges, raising the likelihood of a price drop.
In contrast, a low exchange inflow generally indicates that investors are holding onto their assets, which is not the current scenario for ETH.
ETH Price Prediction: Crypto Could Retrace
As of this writing, ETH trades at $3,317, which is a higher close than yesterday’s. Despite that, the altcoin is still below the Parabolic Stop And Reverse (SAR) indicator. The Parabolic SAR generates a series of dots that track the price movement, positioning above the price during a downtrend and below the price during an uptrend.
A “flip” in the dots — shifting from one side to the other — often signals a potential trend reversal. As seen below, the indicator is above ETH’s price, suggesting that the cryptocurrency could reverse its recent gains.
If this is the case and the ETH/BTC ratio declines, Ethereum’s price could decline to $3,083. However, if buying pressure increases, that might not happen. Instead, the value could surge above $3,500 and toward 4,000.
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.
Market
Bitcoin Cash (BCH) Price Up, Leads Daily Gains
Bitcoin Cash (BCH) price has risen more than 10% in the last 24 hours, surpassing the $10 billion market cap and signaling renewed bullish momentum. The recent surge has brought BCH closer to key resistance levels, indicating the potential for further gains if the uptrend strengthens.
However, indicators like the RSI and ADX show that while the trend is improving, it is not yet fully strong. Whether BCH can sustain its upward momentum or face a pullback will depend on how it navigates critical resistance and support levels in the coming days.
BCH Current Uptrend Is Getting Stronger
BCH currently has an ADX of 19.31, up from 12 just a day ago. This increase indicates that the strength of the trend is gradually gaining momentum after being weak.
However, since the ADX is still below 25, it suggests that the uptrend has not yet reached a strong or sustained level of trend strength.
The ADX measures the strength of a trend, with values above 25 indicating a strong trend and below 20 indicating a weak or uncertain trend. While Bitcoin Cash is currently in an uptrend, the ADX at 19.31 suggests that the trend is still in its early stages of strengthening.
If the ADX continues to rise above 25, it could confirm a stronger uptrend, but for now, Bitcoin Cash price movement remains cautious, with room for further development.
Bitcoin Cash Is Not In The Overbought Zone Anymore
Bitcoin Cash has an RSI of 64.5, down from over 70 just a day ago. This decline suggests that while the asset is still experiencing bullish momentum, the intensity of buying pressure has started to decrease.
The drop below 70 takes BCH out of the overbought zone, indicating a more balanced market sentiment.
The RSI measures the speed and magnitude of price changes, with values above 70 indicating overbought conditions and below 30 signaling oversold levels. At 64.5, BCH remains in bullish territory, which supports the ongoing uptrend.
However, the slight decline in RSI could mean the pace of gains is moderating, potentially leading to BCH price consolidation before any further upward movement.
BCH Price Prediction: Will a New Surge Occur Soon?
If BCH maintains its current uptrend and gains additional momentum, it could continue its rise after climbing more than 10% in the last 24 hours.
This strength could push BCH price to test the resistance at $536.9. Breaking this level would signal a continuation of bullish momentum and could attract further buying interest.
On the other hand, if the uptrend fades away and reverses, BCH price could retrace to test the nearest support levels at $424 and $403. If these supports fail to hold, the price could fall further to $364, representing a potential 27% correction.
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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