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Cryptocurrency News Articles
Rexas Finance (RXS): Is This the Next Solana (SOL)? Here's Why RXS Priced as Low as $0.08 Is Akin to Owning SOL at $2.5 in 2021
Sep 22, 2024 at 12:08 am
Throughout the history of cryptocurrencies, there have always been stories about a token that went from a few cents to a few hundred dollars rewarding early adopters.
Throughout the history of cryptocurrencies, there have been stories of a token that went from a few cents to a few hundred dollars rewarding early adopters. Solana (SOL) is one such token that was around $2.50 in early 2021 before going up to over $250 within a short time and improving the fortunes of the early investors.
As per the present market trends, there is a new token that is gaining traction just like a few others in the past: Rexas Finance (RXS).
Rexas Finance is in its second presale stage and is currently selling for just $0.04, it is unlikely that such a low price will ever return after this stage. Let’s explore why RXS prices as low as $0.08 is akin to owning SOL at $2.5 in 2021 and why it is worth the risk.
1. Disruptive Technology and Asset Domiciling
Another reason why Solana has achieved so much success nowadays is due to its remarkable technology, which alleviated transaction processing times and fees. It was designed in such a manner as to cater to the development of DeFi applications, different forms of DEXs, and NFTs which all helped garner a growing developer and user base. This emphasis on scalability and practical applications in the use of the said scope accelerated the transition of Solana from relative obscurity to a top-ten currency by capitalization.
Much like anything else, Rexas Finance is seeking to alter this industry for the better by concentrating on Real World Asset (RWA) tokenization which is a market that is unbelievably huge and may be bigger than the DeFi or NFTs paradigm.
Real-world asset tokenization means that tangible assets like real estate, artwork, gold, and other types of commodities can be represented on a blockchain. This process enables traditional assets to be made available to investors around the world who can trade divisible interests in ways that would have otherwise been impossible.
Mirroring the ease of developing projects on the Solana platform which attracted many developers within its ecosystem, the practical use cases and convenience of Rexas Finance are likely to gain traction in various sectors including property and artwork industries. This strategy makes RXS a potential token with more market since the application of the token is based on a wider range of markets.
2. Early-Stage Opportunity with Explosive Growth Potential
The rally in Solana’s price stems not only from the project’s tech but also from the fact that it has been evidenced that its earliest investors were able to see the potential of the project ahead of the rest of the market. Her price as of January 2021 was approximately about $2.50 and advanced reaching nearly $250 within that year. It is a simple 100x investment return in less than one year. Those who took the risk early enough reaped handsomely and multiplied a few thousand dollars into several million dollars in returns.
Rexas Finance seems to be in the same phase as Solana since its price is standing at a low of $0.04 in the second presale phase. It is similar to the early phases when Solana got product-market fit as the company had products to offer and went on for a cooling period, which the current diet without token IPO is now ideal for smart investors that are hoping in as soon as possible before the price rises beyond the presale period.
As RXS seeks to go live with the various CEXs and DEXs, there could be a sharp upward price trend as the demand and awareness heightened.
As it concerns the ability to make money, early forecasted still sees potential in Rexas Finance being in the same level of the danger zone as that of Solana and hence profiting him who buys now. With the target price ranging between $2.50 and $5.00 for the first year after launch, RXS has a unique ability to get 50 up to 100 times profits. Due to the fact that RWA tokenization can find its application in almost all spheres as well and token creation is facilitated through the Development of Rexas, its market penetration is likely to be faster than most expect.
3. Incentives, Giveaways, and Robust Ecosystem Building
A vibrant ecosystem that enticed developers, investors, and projects also contributed to the success of Solana. In the same prospect, Rexas Finance has the same vision of creating an all-encompassing ecosystem to include a range of tools in DeFi, and NFTs as well as ways to optimize yields in integrated growth. Currently, this sound infrastructure has already started attracting substantial interest from both retail and institutional investors.
Rexas Finance has systematically developed certain core aspects of its ecosystem, in particular:
– Rexas DeFi, a platform that enables trading of various cryptocurrencies in a global decentralized environment
– Rexas Estate is a platform on which users own properties and earn rental income in stablecoins, which can also be earned by simple stake.
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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