|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Chainlink (LINK) Eyes $50, but This $0.15 Coin (RXS) is Racing to Overtake It in the Top 15
Dec 23, 2024 at 07:17 pm
The cryptocurrency market has gained traction as Chainlink (LINK) grabbing attention as its price reaches $30. Amid growing enthusiasm towards the
Chainlink (LINK) has been making waves in the cryptocurrency market, with its price reaching $30. As analysts predict a wave towards $50, another cryptocurrency, Rexas Finance (RXS), is also gaining attention with its $0.15 token during presale.
Chainlink (LINK) Price Analysis: Eyes Set on $50
Chainlink, a decentralized oracle service, is experiencing a revival after reversing from a multi-year bear market. At the time of writing, LINK trades at $29.62, having reached a daily high of $30.52. A technical analysis chart shows strong bullish pressure and high buying volume as Apple breaks out of the Ascending Triangle pattern.
Prominent crypto analyst Ali Martinez recently observed that LINK is close to breaking out above $30.4. “Chainlink looks bullish like it uptrend to break out to $34. I will be watching for an hourly close above $30.4 to confirm the breakout,” said Martinez. If LINK sustains this momentum, it could rise to $34 within days and possibly target $50 in the coming weeks.
Moreover, Chainlink has seen significant inflows during its rapid upward trend. Notably, World Liberty Financial, founded by President-elect Donald Trump, reportedly bought $2.3 million worth of LINK tokens. Analysts anticipate that such developments will foster the long-term growth of LINK, which has quietly risen by 120% over the past month.
Rexas Finance (RXS) Emerging as a Contender in the Crypto Market
While Chainlink strives for a top position, Rexas Finance (RXS) is gaining popularity with its unique strategy of integrating real-world assets into the blockchain ecosystem. During its ongoing presale, the tokens are available for $0.15 each, and the platform has already attracted over $28.8 million in investment. The presale is nearing completion at Stage 10, with up to 351 million tokens sold in RXS.
Rexas Finance is aiming to revolutionize the market by enabling fractional ownership of assets like real estate, gold, and art through blockchain technology. The platform’s tools, including the Rexas Token Builder and QuickMint Bot, simplify tokenization, allowing users to digitize assets effortlessly.
An audit by CertiK ensures the security of the project’s smart contracts, adding further credibility to Rexas Finance. According to data from the platform, the total supply of RXS tokens is capped at 1 billion, with 42.5% allocated for the presale. Plans for listings on major centralized exchanges are expected to boost liquidity and accessibility.
Comparing Chainlink and Rexas Finance Growth
Chainlink's current price rally is attributed to breaking a multi-year downtrend. Earlier this year, the LINK price crossed and established crucial resistance levels at $13.50 and $17.50 as strong support levels. Subsequently, LINK has risen by more than 190% due to high demand and various technical factors like a breakout of a falling wedge.
Rexas Finance has also performed well in the presale phase, with its $0.15 token having a steep price rise possibility. The platform connects centralization with decentralization, opening up regular access to any valuable asset They can estimate that, if RXS continues its current expansion rate, it could rank among the top 15 cryptocurrencies by the first half of the year 2026.
Website | Whitepaper | Twitter/X | Telegram
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
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!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- LCAI Manages to Beat XRP and DOGE, the Top Names in the Crypto World, When It Comes to Presenting a Truly Compelling and Sustainable Value Proposition
- Dec 23, 2024 at 11:45 pm
- With major potential for growth thanks to AI integration, unique consensus mechanisms, and the deflationary approach of LCAI, XRP and DOGE may find it hard to compete in the coming years.