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Rexas Finance is a relatively new company in the world of blockchain and has been garnering much attention for its novel way of tokenizing real assets. Now available for $0.06 per token in its current presale phase, the project has already attracted more than $4.4 million in investment, and analysts have predicted that this could climb to $10 in the near future.
This comes at a time when Cardano (ADA) that was once among the most promising cryptocurrencies is trying to get back to its 2021 peak.
Rexas Finance’s Approach
Rexas Finance allows investors to invest in fractional ownership of real world assets (RWA) including gold, commodities and real estate. This has placed Rexas in a unique position in the crypto market given that it merges the concept of owning assets with the use of blockchain technology.
The platform has already sold tokens to more than 150,000 investors and the price of the token is expected to rise to $0.07 in the next presale stage.
Rexas has also earned its listing on CoinMarketCap which is a clear indication of the platform’s legitimacy. With the potential of the token to rise 12-fold by 2025, the platform is now beginning to attract investors who seek tangible use in cryptocurrencies. Furthermore, Rexas is also carrying out a $1 million giveaway that will see twenty winners receive $50,000 worth of RXS tokens in a bid to foster more engagement.
Cardano’s Recent Developments
Cardano, which has been a major player in the blockchain space, is also seeing positive growth. However, its native coin ADA is yet to regain the levels that it had seen in the 2021 bull market. Subsequently, the current Cardano’s founder, Charles Hoskinson has been involved in the recent efforts to expand the project especially in the Latin American region. While in Argentina, Hoskinson outlined plans for the first constitution of Cardano and the creation of a development center in the country.
Cardano has been trading above the $0.35 level and is currently at $0.3631. Experts are also hopeful that ADA may surge to $5 in the next bull market. Still, this is far from the all-time high of $3.10 that it reached in the 2021 rally.
Price Analysis: Rexas Finance vs. Cardano
Despite the efforts that Cardano is still making in a bid to advance even further, the rate at which it has been growing has not been very impressive as compared to that of new projects such as Rexas Finance. Cardano has been in a bullish trend since August, and the asset has been always able to find support at the $0.35 level. On the weekly chart, ADA has appreciated by 1.7% which shows that there is some positivity in the market. However, the token finds a stumbling block at around the $0.4501 mark, which may prevent the token from advancing further in price. Concurrently, Rexas Finance which is currently trading at $0.06 is anticipated to hit $10 before Cardano gets to its previous highs. Using a real-world asset tokenization model, Rexas presents itself as an investment opportunity that could surpass ADA’s performance in the short term.
Rexas Finance’s Roadmap and Future Outlook
Looking ahead, Rexas Finance’s roadmap appears promising, with its focus on real-world assets giving it a clear edge in an increasingly competitive market. One of the main factors that contribute to the company’s growth is the possibility of combining blockchain with traditional financial systems. Furthermore, Rexas has also ensured that it has a great community relation through the presale and token giveaway, creating the much-needed confidence in the project’s sustainability.
Analysts believe that the price of Rexas Finance’s token will soon surge significantly due to its unique concept and increasing demand from investors. If the platform will be able to maintain the previous pace, it will easily hit the $10 mark even before many of its competitors, including Cardano, get back to their previous high values.
Website: https://rexas.com
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
Source: https://finbold.com/this-cardano-rival-is-set-to-hit-10-even-before-ada-can-return-to-its-2021-highs-priced-under-0-10-today/