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Cryptocurrency News Articles
How an 8-Year Hold Worked For an Ethereum Whale
Sep 21, 2024 at 06:30 pm
Since its launch in 2015, Ethereum has become one of the most rewarding long-term investments any investor would make in the crypto sphere.
This piece is sponsored and reflects the opinions of the sponsor. Readers are encouraged to conduct their own research before taking any action based on the information provided in the article.
One of the interesting takeaways from the crypto market this week was the shifting trends among whales. On-chain data analysis firm Santiment revealed that a mysterious whale has moved nearly 40 million units of a well-known altcoin, while another whale has shifted a large portion of his holdings into an up-and-coming token.
Whales Sell Off XRP En Masse, While One Buys up Rexas Finance (RXS) Token
Santiment noted that while the markets have been largely quiet this week, there have been some interesting shifts among whales. One of the biggest stories to come out of the markets this year has been the attention paid to certain tokens within the crypto space. While XRP has been making headlines for its lawsuit against the U.S. Securities and Exchange Commission, it seems that whales are no longer interested in holding onto the token.
According to the on-chain data analysis firm, XRP whales have been observed offloading a substantial amount of their holdings. This behavior suggests that these whales may be anticipating a downturn in the XRP price or simply seeking to diversify their portfolios.
On the other hand, Santiment also highlighted the increasing interest among whales in Rexas Finance (RXS). The firm’s analysis revealed that a“whitelisted Ethereum whale has managed to divest a portion of his Ethereum holdings to focus on a relatively new coin, Rexas Finance.”
What is Rexas Finance (RXS)?
So, what is Rexas Finance (RXS) and why is this Ethereum whale looking in its direction?
Rexas Finance is becoming a trend as it specializes in Real World Assets (RWA), a concept that applies to creating and trading asset-backed tokens of off-chain tangible assets such as real estate, commodities, fine arts, etc. on the blockchain. This helps unlock a whole new audience that has previously been closed to mainstream retail investors, and it has huge possibilities for future expansion.
One of the most promising aspects of RXS is its capability to provide fractional ownership of expensive assets. To illustrate, instead of having to shell out tens of millions of cash to purchase prime real estate, users can procure a sliver of the piece of real estate through RXS tokens thereby injecting liquidity in hitherto illiquid markets. Such asset tokenization is attracting not only institutional investors but a host of whales, who are aware of the value this new space will hold in the future.
With the sale now at 0.04, in its pre-sale stage, Rexas Finance demonstrates clear benefits to investors, with some analysts forecasting RXS to hit a whopping $20 price tag by 2025 which is a 10,000% increase from where it is right now.
Could this be a strategic change towards the future?
One of the whale’s thoughts could be to gradually shift her $40 million ETH and other digital assets to Rexas Finance where she bets is the next big wave in crypto. While Eth is a good investment in the longer term, the whale’s migration to RXS indicates a change of landscape to the next 50x or 100x opportunity like that of Eth 8 years ago.
It is clear that investing in Rexas Finance is early for the whale to reap benefits as the platform toward Real-World Asset Tokenization will no longer be considered an offshoot. Since, the worth of the global real estate market itself is over $280 trillion, even tokenizing a small portion of that figure would help revolutionize other platforms like Rexas Finance.
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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- Bitcoin Price Extend Gains Above $63,500
- Sep 23, 2024 at 12:15 pm
- Bitcoin price extended its increase above the $62,500 level. BTC was able to clear the $62,800 and $63,200 resistance levels to move further into a positive zone.
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- Royal Canadian Mint unveils new Gold Maple Leaf bullion coin made from single mine in northern Ontario
- Sep 23, 2024 at 12:15 pm
- The Royal Canadian Mint has introduced its latest Gold Maple Leaf bullion coin – made entirely from gold sourced from a single mine in northern Ontario.
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- BTC Miners Are Going Bust as the Market Realizes the Halving Myth Is a Lie
- Sep 23, 2024 at 12:15 pm
- Not long ago, CoinGeek reported on how Russian President Vladimir Putin warned that BTC miners were causing blackouts in certain regions.
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- Dogecoin Eyes 45% Gain as Price Attempts to Stage a Breakout from Its Long-Term Resistance Structure This Month
- Sep 23, 2024 at 12:15 pm
- According to the Dogecoin price outlook presented in a previous CNF post, traders were warned against taking long positions amid the consolidation as analysts believed Dogecoin could trade between $0.12 and $0.15 in the short term, with potential for a rise if it breaks resistance at $0.16.
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- Detailed Process for Claiming MON Token Airdrops
- Sep 23, 2024 at 12:15 pm
- Safety is paramount within the crypto industry. This post details typical frauds involving MON airdrops and gives guidance on how to steer clear of these scams.
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- Top 5 Cryptos to Buy in October 2024 – KAS, SOL, ADA, CYBRO, NEIRO [Updated List]
- Sep 23, 2024 at 12:05 pm
- October 2024 brings a fresh update on the standout cryptocurrencies poised for significant growth potential. This brief glance introduces five noteworthy contenders that are capturing attention: KAS, SOL, ADA, CYBRO, and NEIRO.
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- Extremely fine Congressional Gold Medal presented to Lieutenant Robert Henley sold for a hammer price of £180,000 at auction
- Sep 23, 2024 at 12:05 pm
- This was against an estimate of £40,000-50,000 at Noonans Mayfair on Thursday, September 19, in a sale of British, World Coins and Historical Medals.
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- Nervos Network (CKB) Investors Eye Mpeppe (MPEPE) Gaming Launch as the Next Big Profit Opportunity
- Sep 23, 2024 at 10:25 am
- The Nervos Network (CKB) community has been riding a wave of profits as the value of CKB continues to climb. As excitement builds, many in the community are looking for the next big opportunity—and they’ve found it in Mpeppe (MPEPE).
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- Hello Kitty's Limited-Edition 50th Anniversary Gold Coin Releases for Preorder
- Sep 23, 2024 at 10:25 am
- Via Sanrio's official Japanese website, Hello Kitty is receiving a new gold coin commemorating her 50th anniversary.