The volatile nature of the crypto space has subdued several tokens and there are indications that the performance of Dogecoin will soon decline while there are also possibilities that Ethereum is about to break out.
At the same time, the third phase of the presale from Rexas Finance (RXS) has begun to attract investors significantly. So far, more than $1.3 million has been raised and clearly, Rexas Finance is emerging as an underdog that can beat several meme coins like Dogecoin in the long term.
Ethereum Projected To Surge
The project has ongoing high activities in the institution which is the second largest market capital in the crypto ecosystem, Ethereum has elaborated bullish traction since the members of the project have adjusted the use cases and scaling out. Analysts expect Ethereum’s status to improve significantly with many analysts projecting it will be able to break records in several months, especially in the increasing crypto bull run.
Several reasons have been vanquished to explain this expected reason:
Institutional Adoption: Slowly but surely, over time, a growing number of institutions are beginning to use Ethereum for the implementation of its smart contracts for tokenization, Dapps, and NFTs.
Ethereum Layer 2 Solutions: The layer 2 scaling solution growth, more so those from Arbitrum and Optimism, is encouraging developers and users of Ethereum by lowering fees and congestion.
All these factors, with an uptick of DeFi activity as well, have strongly supported the bullish case for an ETH price breakout, which may target even breaking the $5,000 mark by the end of the bullish run in 2024.
Dogecoin Faces a Downtrend
On the other hand, and looking at the current reality, the coins whose prices soared with the wave created by Elon Musk and social media influence, Dogecoin is looking weak. Although it is the most widely recognized meme coin, Dogecoin has struggled to find a reasonable application outside of a meme for most of its existence. All these have brought about stagnancy of the coin with little update or utilization and withdrawal from retail investors.
However, the narrative has now shifted, and the entire space is moving onto less and less meme-based tokens and rather ones with genuine use cases and all prospects of real-world applications. Understanding that development is now being sought in cryptocurrencies in such directions as DeFi, tokenization, and smart contracts does not help the case of Doge.
Rexas Finance (RXS) Presale Catches Fire, Raises Over $1.3 Million
Rexas Finance (RXS) is in the news owing to its explosive presale that is underway while Dogecoin seems to be declining. This presale of Rexas Finance moves into its third stage and is currently selling at $0.05/unit where more than $1.3 million has already been raised. This stage of the presale has attracted a lot of interest and raised a lot of funds because of the unique idea of Rexas Finance, which is more about tokenizing real-world assets (RWA).
Rexas Finance intends to transform the way conventional funds operate, making investing in real-world objects such as real estate, physical goods, art, and more, possible through the use of blockchain and tokenization.
This enables people to buy and hold a part of expensive assets thereby enhancing sourcing of capital and lowering costs for potential investors. The site uses public (permissionless) blockchain for all operations requiring audit and smart contracts for making operations, establishing trust and efficiency in the management of assets.
Why Rexas Finance is Attracting Investors
The concept of utilizing tokens in physical asset structures has existed for a long time, but Rexas Finance is raising the bar by fusing various cutting-edge technologies of its own like the blockchain and controlled finance. This is why investors are pulling towards RXS:
Gigantic Market Potential: The real-world assets market is estimated to be worth over 500 trillion dollars, and Rexas Finance plans to penetrate this giant market. The platform encourages high cracking of assets thus increasing the liquidity and enhancing the fractionalized investments.
Fast Moving Presale: In the first two stages of the presale, Rexas Finance has managed to gather over $1,000,000, and now in the third stage it has exceeded $1.3 million. Those who participated in the presale believed in the progress of the undertaking.
Genuine Long-Term Goal: As opposed to meme coins which depend on gabbage, Rexas Finance has an actual purpose. The tokenization model of the platform can redefine the processes involved in buying, selling, or trading assets in the future.
The team behind Rexas Finance has also said that they could have easily accepted investments from VCs because their concept is so strong, but they decided to allow retail investors to get the opportunity to invest early and be a part of the change underway in the real-world asset space.
Conclusion
The stage has been set for Ethereum for a potential breakout and it’s worth noting that Dogecoin is on the verge of facing some downward risk in attempting to break off its dependence on memes. At the same time, Rexas Finance is developing into one of the most interesting new players in crypto.
With its third presale phase drawing almost $1.3 million, Rexas Finance is likely going to be one of the foremost projects in the sheer volume of business operations. After its early days in Ethereum, this is another token that investors may wish to stay clear of with all their future potential that is likely to be opened.
For more information about Rexas Finance (RXS) visit the links below:
Website – Whitepaper – Twitter/X – Telegram – Win $1 Million Giveaway
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