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Cryptocurrency News Articles
A Look Back into the Cardano ICO and the Whale's Move to Target RXS: Rexas Finance
Oct 03, 2024 at 05:01 pm
There is a great deal of attention and curiosity towards the movements in crypto by the whales – those that hold a lot of money in the form of digital assets.
A crypto whale that has been followed closely for their Cardano tokens and large money movements has now shifted funds after seven years.
The whale’s latest move has attracted attention as they have targeted an uptrending altcoin. The coin in question is none other than RXS: Rexas Finance, an altcoin currently trading for under $0.10.
A Brief Overview of Cardano’s ICO
Cardano (ADA), one of the leading digital currencies today, began its journey as an Initial Coin Offering (ICO). The ICO was conducted in multiple phases over several years. The first phase of the ICO commenced in September 2015, while the last phase was conducted in January 2017. During the ICO, a total of 26 billion tokens were offered out of the 45 billion ADA tokens. The pre-ICO concluded successfully, raising around $62 million by the end of the ICO.
On July 1, 2017, the initial coin offering began, and ADA tokens were sold continuously from that day till December 31, 2017. During the ICO, the price of ADA tokens was very low, with an average token price of $0.0024. Early investors realized significant gains as ADA became one of the leading cryptocurrencies, peaking at $3.10 in 2021. Despite showing promise early on, ADA’s performance was subject to the broader cryptocurrency trend, which experienced high volatility. However, the whale’s decision to shift attention at this point is noteworthy, especially considering the altcoin they chose.
The Whale’s Shift After 7 Years
This particular whale has been tracked due to their long-term holding of Cardano tokens and their movements of large funds. However, the question that arises now is why this whale has targeted Rexas Finance RXS, an altcoin trading for less than $0.10.
Over the last decade, the cryptocurrency market has experienced cycles of boom and bust. As the market evolves, new methods are being introduced to spread risk and capitalize on early-stage investments in cutting-edge technology. This scenario is where Rexas Finance RXS fits in the emerging new tech market landscape, catering to a highly promising domain of RWA tokenization.
Bullish Indicator: RXS Presale Performance
Rexas Finance (RXS) has shown strong bullish signs recently. The presale of RXS tokens has achieved a significant milestone, with the current phase presale now surpassing the $1,750,000 mark. The project has attracted numerous investors, and the token price increases with each tier of the presale. Currently, RXS is in its third stage at $0.05, and the available tokens are selling out quickly.
There have also been rumors of high demand for RXS tokens once they are listed, which could explain the successful fundraising efforts and the rising value of the tokens. Additionally, Rexas Finance plans to reward early adopters of the platform with a giveaway of up to $1,000,000 to foster a thriving community for the project.
Conclusion: A Bold Shift and Potential Future
This shift could potentially be larger than the early stage of Cardano, where the availability of ADA tokens was a fraction of the future price for early investors. While there are no precise projections, the whale’s move after seven years suggests a belief in RXS becoming one of the next大な物語 in the blockchain market, and it is a development that should be monitored closely to catch the uptrend.
For more information on Rexas Finance (RXS), please visit the following links: Website, Win $1 Million Giveaway, Whitepaper, Twitter/X, Telegram
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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