RXS, ETH, DOGE Are the Three Cryptocurrencies to Watch

With the surge in interest towards crypto, analysts consider Ethereum (ETH), Dogecoin (DOGE), and under-the-radar Rexas Finance (RXS) to be the three eyecatchers.

With the crypto market showing signs of a potential surge, analysts are highlighting three cryptocurrencies that investors should keep an eye on: Ethereum (ETH), Dogecoin (DOGE), and the up-and-coming Rexas Finance (RXS).

While Ethereum is known for its vast smart contract economy and Dogecoin is community-driven, Rexas Finance is focusing on a unique ecosystem with promising potential in its nascent stage. As Rexas Finance launches with its token at a mere $0.25, it presents the most appealing prospect for investors.

Now, let's delve into the recent developments that spotlight why these three cryptocurrencies are among the best buys.

Ethereum Growth Signals a Potential Rally

Recent data from crypto analytics platform Glassnode shows a 12.1% increase in new Ethereum addresses over the past week. This surge in activity is a positive sign for the cryptocurrency, which has been performing well despite recent price fluctuations.

Institutions are increasingly investing in cryptocurrencies, and new legislation is being introduced to regulate the industry. These factors could lead to a significant rally in 2025, with analysts at DigitalCoinPrice predicting an average price of $6105 for ETH by that year.

A surge in Ethereum's prospects could impact the entire cryptocurrency ecosystem, particularly emerging platforms like Rexas Finance. This revolutionary project merges blockchain technology with tangible assets, aiming to revolutionize how investors interact with traditional and digital markets.

Currently, Ethereum stands at $2,178 after notching up a 2.2% appreciation over the past day from $2,120. In the coming weeks, Ethereum will have to clear the $2,200 mark to avert a monthly close below that mark. It will be critical for Ethereum to see if it can reclaim its lost ground and stay off a monthly close below $2,100.

Analysts Have the Most Optimistic Forecast On DOGE

One analyst on X, known as Effect (EWT), had the most optimistic price prediction yet for Dogecoin. According to EWT's prediction on X, the price of Dogecoin (CRYPTO: DOGE) could increase to $8.5. EWT made this prediction after analyzing the daily chart of DOGE, where he noted that the price action indicates the value of the meme coin is in a 1 to 2 subwave setup, which supports rallying towards $6.

"The Count: We're still in a 1-2 setup on the daily chart. 1-2 is a common pattern in intermediate degree. From the chart, we can see a 0 to 1 fib at $1.2. Expecting a 3-4 to 3-5. After a bullish 1-2, we'll likely see a 3-4 (corrective) to complete the 3-5 (bullish). From the chart, we can see this fib is at $1.2. Expecting a 3-4 (corrective) to 3-5 (bullish) structure. After the corrective move to $1.2 in Wave 4, we would follow through with moving up to $8.5 in Wave 5," the analyst described.

The chart showed this and claimed that the dominant meme coin would likely surpass this mark and reach $8.5. Earlier, EWT recommended the market start monitoring Dogecoin, saying to expect volatility from Twitter's (NYSE:TWTR) favourite meme currency this year while looking at the big picture. His accompanying chart suggested that if DOGE managed to break upwards, it might reach $20 or even $45 if it approached the top of the ascending channel.

Rexas Finance: RWA tokenization with the 40x Potential

The primary factor driving the significant price increase expectation for Rexas Finance (RXS) tokens is their role in the burgeoning sector of real-world asset (RWA) tokenization. This rapidly emerging field combines elements of conventional finance with the innovative technology of blockchain. It allows investors to purchase tokenized fractional shares in valuable assets like real estate, commodities, and intellectual property rights. Breaking down these boundaries, in turn, enables Rexas Finance to aggregate liquidity and provide increased exposure to markets previously accessible only to institutional investors.

Crucially, the RWA market is poised for substantial growth. Analysts at Markets and Markets estimate that the global RWA tokenization market will reach $16 trillion by 2030, benefitting Rexas Finance as this shift occurs.

With increasing adoption rates and the unique potential of Rexas Finance's ecosystem, the valuation of RXS tokens is set to rise accordingly. As analysts predict a surge of over 40x, presenting one of the best opportunities during the next bull cycle.

Rexas Finance is building a decentralized ecosystem featuring cross-chain DeFi services, an AI-powered NFT generator, and a launchpad for new crypto