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Cryptocurrency News Articles
Ripple (XRP) Price Rally Isn’t Over Yet, Says Trader as Dogecoin (DOGE) and Rexas Finance (RXS) Gain Momentum
Dec 15, 2024 at 09:00 pm
XRP had one of its best cycles in recent years, with over 350% gain, but it has seen a rise from $2.92 to $1.94. Although XRP’s price dropped recently, a top trader still sees great long-term promise for the coin. Elsewhere, Dogecoin is set to mount another rally in its battle toward an all-time high. Meanwhile, Rexas Finance is rapidly rising to be a major force in the real-world assets (RWA) market after its presale fund reached $26.7 million.
Despite a recent price drop, XRP is still showing promise for the future, according to a top trader. The token has seen a massive rally of over 350% gain this year, rising from $0.62 to a peak of $2.92. However, XRP’s price has dropped since then, decreasing by 15% over the past 24 hours. This performance ranks among the worst in the top 100 assets during this period.
Well-known trader DonAlt, who correctly predicted XRP’s past rally, still sees great potential in the coin’s future performance. DonAlt believes that XRP has good long-term prospects and that if the overall crypto market turns positive, XRP could outpace many other coins. He also highlighted that XRP’s ecosystem is more undervalued compared to its competitors. DonAlt mentioned that if XRP can put out a good product, it might be one of the best performers in the current cycle.
This optimism is also driven by the recent regulatory approval from the New York State Department of Financial Services for Ripple's stablecoin RLUSD, which opens up promising possibilities for the XRP ecosystem in the future.
Meanwhile, Dogecoin is poised for another rally in its bid to reach an all-time high as several traders anticipate a strong breakout. The token has been consolidating within a crucial range for the past three weeks, with prices fluctuating between $0.34 and $0.46.
However, recent on-chain activity indicates a possible breakout, with an increase in transactions valued at over $100,000 and $1 million. Several analysts are now bullish on DOGE’s future, considering the token's positive technical setup and increasing on-chain activity. Observing this activity on leading crypto tracking platforms can provide valuable insights for traders.
In other news, Rexas Finance is rapidly gaining momentum in the crypto market. The platform offers a unique approach to asset management by enabling fractional ownership in markets like real estate, commodities, and art, which are then tokenized as real-world assets (RWA).
The project has seen impressive success in its presale, raising nearly $27 million with the price of RXS increasing 400% from $0.03 to $0.150 across ten stages. One key aspect that has contributed to this success is Rexas Finance’s decision to forgo traditional venture capital backing in favor of a public presale. This approach aims to foster community involvement and ensure the long-term sustainability of the project.
Furthermore, the platform has garnered increased attention after being featured on CoinGecko and CoinMarketCap, expanding its visibility to potential investors. Recently, Rexas Finance passed a Certik audit, boosting investor confidence with its smart contracts being verified for integrity and security. The initiative also hosts a $1 million giveaway, with the top 20 participants receiving $50,000 each in RXS tokens. This contest aims to reward early joiners, highlighting its community-centric approach.
Rexas Finance boasts a user-friendly and comprehensive ecosystem that caters to both beginners and advanced users in their tokenization journey. The platform's broad offerings include the Rexas Token Builder, which allows users to create tokens without coding knowledge and supports various standards like ERC-20 and ERC-721. Additionally, the QuickMint Bot integrates token generation with platforms like Telegram and Discord for added convenience and mobile accessibility. For those interested in the growing demand for digital art and virtual assets, Rexas GenAI facilitates NFT creation using AI.
As the presale concludes, Rexas Finance plans to be listed on at least three major exchanges, which could lead to a significant price increase. Some traders are optimistic, with predictions of RXS reaching $5.00 or more following these listings.
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