Crypto Spotlight: Rexas Finance (RXS), XRP, and Cardano (ADA) Shine are The top investment Picks This Week!

This week's cryptocurrency landscape reveals that some tokens such as Monke might be best avoided given their troubled past but some others like Rexas Finance

Some projects, such as Monke, are making investors nervous with tales of hype gone bad, but others, like Rexas Finance (RXS), XRP, and Cardano (ADA), are looking to be the next big things. The partnerships, achievements, and innovative creation of real-world asset tokenization, combined with the potential game-changing launch of an XRP ETF fact, are making these altcoins waves in the industry.

Not all projects are created equal in the world of altcoins. One token that has recently raised red flags is Monke. Launched with much fanfare, Monke has since come to represent disappointment for investors. Many believed the project was a rug pull last year because of the massive challenges it faced. As a result, investor confidence tends to erode, and indeed, the inherent risks to the cryptocurrency market are exposed. Consequently, Monke is a coin to skip this week. Monke’s past performance serves as a cautionary tale for anyone looking to brave the waters of cryptocurrency.

Today’s coin that you should avoid is, Monke. This coin when first started as a good run but seems to have been rugg last year. So Monke is guilty. Stay far.

Meanwhile, the crypto community is buzzing about Rexas Finance (RXS) which is changing the game by tokenizing real-world assets (RWAs). RXS is in its tenth presale stage priced at $0.15 and analysts predict a staggering 31,670% potential increase as the weeks roll by. However, there is great optimism here, as Rexas will bring something unique to asset markets, where blockchain will represent something more than a mere norm.

Rexas Finance wants to democratize access to high-value assets such as Real Estate and Commodities by enabling Fractional ownership through Tokenization. This method not only breaks down barriers to entry for investors in markets that are typically difficult to navigate, but it also improves liquidity in those markets. Rexas has so far raised more than $28 million and boasts a strong history of selling out its past presale stages before time, making it ripe for expansion.

The fact that the project has been audited by a leading blockchain security firm certik clearly shows the commitment to the security of this project. Particularly, listing on platforms such as CoinMarketCap and CoinGecko solidifies the credibility and visibility of the cryptocurrency in the market. With Rexas long-standing traction, it has become a good investment opportunity for investors looking for projects with strong fundamentals in which it can grow.

https://twitter.com/rexasfinance/status/1857692542290059502

Another altcoin with some promise this week is XRP, which is currently trading for around $2.41. XRP over the past year has shown a massive growth of 284.37%. Speculation is probably the most prevailing factor behind excitement around XRP, especially if BlackRock files for an XRP ETF, wider adoption, or institutional interest. However, analysts believe such a development could take the XRP price to heights far higher than $100.

If BlackRock files for an #XRP ETF WERE HITTING $100 EASILY. pic.twitter.com/eVs3JwUzOQ

Ripple Labs’ ongoing legal battles surrounding XRP have kept the cryptocurrency in the spotlight, but interesting things hint at a shift in the status quo. With regulatory hurdles overcome, and with institutional backing at last in hand, XRP will explode into growth.

Another altcoin that offers an attractive buy this week is Cardano (ADA). ADA is currently at $1.07 and is up 92.64% within the month. Cardano’s founder has been extra proactive in working with others in the blockchain industry, reaching out to leaders from Ripple and other big projects and petitioning for regulatory progress that the whole sector can benefit from.

BREAKING: #Cardano $ADA Founder says "I've already reached out to Ripple CEO Brad Garlinghouse, Hedera, and MultiversX, so that we can get a law passed and move forward as an industry. I'm fully prepared and willing to work with the Solana Foundation, Ethereum, and Vitalik." 🇺🇸 pic.twitter.com/33Rzl4B53D

This collaborative spirit makes Cardano a forward-thinking project, one we can change as the market around us changes. Further still, Cardano is garnering more attention from both retail and institutional investors as the focus of the network remains scalability and sustainability.