bitcoin
bitcoin

$100520.917886 USD

-5.59%

ethereum
ethereum

$3670.548635 USD

-6.44%

tether
tether

$0.999134 USD

-0.08%

xrp
xrp

$2.323449 USD

-10.60%

bnb
bnb

$690.127194 USD

-4.99%

solana
solana

$206.041380 USD

-8.48%

dogecoin
dogecoin

$0.357084 USD

-10.32%

usd-coin
usd-coin

$0.999920 USD

0.00%

cardano
cardano

$0.973776 USD

-8.96%

tron
tron

$0.259955 USD

-8.84%

avalanche
avalanche

$43.723964 USD

-9.78%

chainlink
chainlink

$25.539363 USD

-8.22%

shiba-inu
shiba-inu

$0.000024 USD

-9.60%

toncoin
toncoin

$5.393637 USD

-8.06%

sui
sui

$4.417840 USD

-4.66%

Cryptocurrency News Articles

RXS Will Beat XRP to $10: Here's Why

Dec 18, 2024 at 10:29 pm

After rising from $0.63 to $2.73 in a month-long rally, Ripple’s XRP is struggling to maintain investor trust. Profit-taking pressures and a lack

RXS Will Beat XRP to $10: Here's Why

After a month-long rally that saw XRP rise from $0.63 to $2.73, the cryptocurrency is struggling to maintain investor trust amid profit-taking pressures and a lack of positive momentum.

Meanwhile, the quickly expanding Rexas Finance token (RXS) presale is on track to become a market leader.

XRP Struggles Amidst Investor Skepticism

As XRP attempts to break through the crucial resistance level of $2.73, it has faced significant challenges. Despite early-month enthusiasm that briefly propelled XRP above $2, its inability to sustain gains has led to increased profit-taking activity. According to blockchain statistics from Sentiments, realized profits have surged as investors capitalize on short-term gains.

This selling pressure is also evident in the declining Mean Coin Age (MCA) for XRP, indicating dwindling confidence among long-term investors. The indicator, which measures the average age of coins in circulation, suggests a shift in mood as investors sell their positions rather than waiting for a bullish breakout.

At the time of writing, XRP trades at $2.43, with a consolidation range of $2.00 to $2.73 limiting its upward velocity. Analysts maintain that XRP must convert $2.73 from resistance to support to rebuild investor confidence, paving the way for a potential retest of its all-time high (ATH) of $3.40.

Despite broader cryptocurrency market rallies, XRP's failure to capitalize on positive macroeconomic conditions has resulted in underperformance. According to market expert Harsh Notariya, “XRP's price action suggests investor pessimism, with short-term selling overpowering any long-term bullish sentiment.” The altcoin's immediate prospects remain uncertain as it attempts to overcome these major hurdles.

Why Rexas Finance will Beat XRP to $10

While XRP grapples with stagnation, Rexas Finance (RXS) is forging its own path. Having completed Stage 9 of its presale ahead of schedule, RXS has now reached Stage 10, with each token priced at $0.15. The rapid increase in presale activity demonstrates significant market confidence, with $28 million raised and 345 million tokens sold. Compared to XRP's sluggish price action, RXS has all of the characteristics of a cryptocurrency set for rapid growth.

Utilizing real-world asset (RWA) tokenization, Rexas Finance broadens access to high-value assets such as real estate, art, and commodities. Unlike XRP, which struggles to break past barrier levels, RXS derives its value proposition from a strong technological foundation. Following its presale, RXS is set to debut on at least three of the top ten cryptocurrency exchanges, with a listing price of $0.20 per token. Analysts believe such listings will accelerate its growth trajectory, propelling its price to $10 faster than XRP.

Inclusivity and accessibility are fundamental drivers of RXS's success. By offering fractional ownership of real-world assets, Rexas Finance expands retail investors' investing choices. Furthermore, its ability to tokenize illiquid assets into easily transferable digital units offers unrivaled liquidity, an area where XRP has failed to deliver.

Another component is Rexas Finance's creative presale strategy. In contrast to XRP's early market reliance on institutional backing, Rexas Finance chose a community-first approach by rejecting venture capitalist funding. This method enhances sustainability and aligns project expansion with investor interests. As a result, RXS has quickly garnered prominence on platforms such as CoinGecko and CoinMarketCap while also undergoing a Certik audit to increase trust and security.

Meanwhile, Rexas Finance boasts an interactive ecosystem, further boosting users' engagement. Its innovative tools, including the Rexas Token Builder, QuickMint Bot, and Gen AI, allow RXS holders to participate in the tokenization process even without having any coding experience. It also offers a range of DeFi features, such as staking, yield farming, and decentralized fundraising.

With a keen eye for security, Rexas Finance's automated security tool, AI Shield, is trained to ensure the safety of its smart contract and quickly block any illicit attack.

Which Altcoin Could Replace Solana in 2025?

RXS's potential to reach $10 is fueled by its unique market positioning. With aspirations to extend its ecosystem and integrate advanced blockchain tools, the coin is positioned to outpace established competitors such as XRP. Its listing price of $0.20 and the presale's extraordinary demand point to a strong upward trajectory, especially as the initiative secures partnerships and implements innovative use cases.

In the realm of decentralized finance (DeFi), Rexas Finance distinguishes itself as a pioneer by integrating established asset markets with blockchain technology.

Conclusion

While XRP's inability to break through resistance at $2.73 keeps it in a consolidation pattern, Rexas Finance's outstanding presale performance, broad market scope, and innovative ecosystem are

News source:bitcoinist.com

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.

Other articles published on Dec 19, 2024