The crypto market has had several surprises this year with activities impacting some of the most well-known coins. Currently, in a phase of prolonged consolidation, Solana (SOL) and Cardano (ADA) are struggling to recoup the momentum they enjoyed in early 2024.
Conversely, Rexas Finance (RXS) has attracted a lot of investor interest as a recently introduced token in the Real-World Asset (RWA) tokenization market. With its popularity exploding, traditional cryptocurrencies like Solana and Cardano lags as the first stage of its presale sells out in less than 96 hours, generating $450,000.
Solana and Cardano: Crypto Titans Lag Ahead of the Upcoming Altseason
Popular Ethereum Killer Solana (SOL) has lately suffered several difficulties; the price dropped below the 200-day Exponential Moving Average (EMA) for the first time since September 2023. Given Solana’s technical outlook now leans toward bearish, this has raised investors’ concerns. After a 25.19% dip in July, Solana’s price dropped by another 19.14% in late August, ranking as the second-worst weekly return in 2024. Although Solana saw a brief increase to $131 on September 8, analysts believe that should Solana break its present support at $127, it may suffer more losses.
With funding rates kept negative for the longest period since October 2023, open interest (OI) in the futures market shows aggressive short-selling. Likewise, Cardano (ADA) has had major losses. Cardano has been kicked off of the top 10 cryptocurrencies since its Chang hard fork update in August but momentarily ranked in 11th place with a market capitalization of $11.5 billion.
The early buzz over Cardano’s upgrade has faded; hence, some analysts believe ADA may suffer a significant downturn and may witness a price fall of up to 90%. Although both coins have been household names, analysts believe they might miss the approaching altcoins season. They counsel investors to spread their investments among exciting projects such as Rexas Finance.
Rexas Finance (RXS): Transforming Real-World Asset Tokenization
Rexas Finance (RXS) is rising while Solana and Cardano display bearish indicators. As a platform focused on Real-World Asset (RWA) tokenization, Rexas Finance is altering the trading of conventional assets including real estate, gold, and commodities. Tokenization lets users create digital tokens on a blockchain from their actual assets. This concept enables fractional ownership, therefore making assets hitherto only accessible to wealthy investors accessible to a significantly greater public. Rexas Finance is meant to solve the shortcomings of traditional asset markets.
Whether full ownership or fractional, the platform lets anyone invest in actual assets with a single click. By removing geographical restrictions and lowering investment limits, this feature creates new opportunities for global investors, hence democratizing asset ownership. Moreover, asset owners can tokenize and present their assets on the platform, adding yet another layer of liquidity and accessibility to the international market. The whole accessible market for Rexas Finance is expected to be enormous, spanning sectors valued in trillions of dollars as the RWA tokenization arena expands.
$450,000 Made in 96 Hours from RXS Token Presale
The presale performance of Rexas Finance has been generating massive buzz. Under 96 hours, the first stage of the presale sold out and brought in $450,000 since enthusiastic investors grabbed the allocated 1.5 million RXS tokens. This great demand is evidence of the market’s faith in Rexas Finance and its ability to upset the asset management sector. Launched on September 8 at $0.003 for each RXS token, the price has risen to $0.04 per RXS token as the presale enters its second stage, therefore providing a strong incentive to act fast before the token price reaches its listing price of $0.20 on main exchanges.
This offers early investors a possible 6x return, and many of them see Rexas Finance as a once-in-a-lifetime opportunity. The fast presale success of the initiative has spurred debates on how it might have readily raised money using venture capital (VC) support. But the team behind Rexas Finance took the calculated decision to offer a public presale, allowing regular investors to participate in this revolution instead of restricting access to a small number of institutional players. Investing in Rexas Finance during its presale is an easy approach for those wishing to participate in the event. Investors can visit the Rexas Finance official website and follow the easy steps to take part.
Conclusion
Investors are looking to more innovative and high-growth prospects like Rexas Finance (RXS) ahead of the approaching Altseason as Solana (SOL) and Cardano (ADA) experience continuous bearish sentiment. Rexas Finance is positioned to lead the next wave of development in the cryptocurrency market as the first round of its presale sells out in record time, and investor interest keeps rising. Investors should give this project top attention given the possibility for a 6x return and the innovative approach to real-world asset tokenization.
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
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
Source: https://bravenewcoin.com/insights/will-solana-sol-and-cardano-ada-continue-to-lag-as-investors-rush-to-rexas-finance-rxs-stage-one-of-presale-sold-out-in-under-96-hours