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Press Releases

Tron (TRX) and Cardano (ADA) Struggle to Stay Afloat as Rexas Finance (RXS) Charges Ahead With CoinMarketCap Listing

October 25, 2024 - Around 6 mins mins to read

The cryptocurrency world has been a dizzying one for investors, where the value of tokens has been determined based on the market, investors, and other projects as well. However, of late, two of the renowned names in this sphere, Tron (TRX) and Cardano (ADA), appear to be on shaky ground. Meanwhile, Rexas Finance (RXS), an emerging player, is on the move as it gained traction following its introduction on CoinMarketCap, which attracted investors. Since then, as TRX and ADA have been struggling, Rexas Finance is still marching forward, endeavoring to be a game changer in the tokenization of real-world assets (RWA) in the cryptocurrency market.

Tron (TRX) and Cardano (ADA) Struggle to Stay Afloat as Rexas Finance (RXS) Charges Ahead With CoinMarketCap Listing

Tron (TRX) Weakness 

Tron (TRX) has experienced highs and lows in between tumbling from one cupboard to the next since 2022. TRX went up after crossing the $0.145 horizontal resistance during August 2024, only to go as high as $0.169. However, bearish divergence in the recent Moving Average Convergence Divergence (MACD) and weekly Relative Strength Index (RSI) suggested a long bearish sentiment follow through. Since then TRX has been bearish but may soon reach to touch the $0.145 zone as a support.Compounding the concern is the wave count analysis, which indicates that the TRX might be near the last leg of its upward movement. While the price has the potential to go up to $0.20, that will probably be the peak of the current price trend, which means that investors should prepare for more losses.

Cardano (ADA) Is Also Under a Bearish Predicament

The picture does not look bright for another key player in cryptocurrency, Cardano (ADA), either. The ADA price has been rotating within the confines of an ascending parallel channel, regarded largely as a negative formation. As it stands, ADA sits at the lower end of the channel, which naturally enhances and therefore increases the chances of a breakdown and a price fall thereafter.There are divergent scenarios regarding the price of ADA as per the online trading indicators. For instance, though the RSI index is at 50, and MACD is at 0, indicating hover within the zone of indecision, the price movements imply that the coin may find its long-term support at $0.24 soon. This, of course, is a painful delusion from the breaking of recent records, and more so, investors may be uneasy with ADA’s targets in the short term.

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Rexas Finance (RXS) Charges Ahead

Tron and Cardano have their fair share of troubles. They are in the struggle to survive. Rexas Finance (RXS), on the other hand, is a new entrant in the industry poised to take it by storm, particularly in the tokenization of real-world assets. Rexas Finance is built upon the principle of making the complex process of asset tokenization available to everyone through the use of blockchain technology. Be it real estate, art, or even intellectual property, Rexas Finance permits users to globalize assets by permitting them to be tokenized and traded.Now what is distinctive about Rexas Finance is its straightforward design, which allows even non-technical people to easily understand the complicated procedures required in the tokenization of assets. Rexas Finance is leading the way and establishing a new benchmark by removing altogether barriers to entry for the scope of how assets are governed and exchanged in a digital form. With the increase in asset ownership, combined with the efficiency and transparency brought by blockchain technology, Rexas Finance is in a strategic position to be ahead of the race.

CoinMarketCap Listing: The Major Turning Point for Rexas Finance

The recent addition of Rexas Finance on CoinMarketCap goes down in history as one of the steps that contributed toward increasing the standing and visibility of the project among investors. Investors constantly look up information from numerous trustworthy sources, CoinMarketCap being one of them, and appearing on such platforms provides credibility to a project. Since the listing, Rexas Finance has experienced an increase in interest, especially since the presale is still ongoing and investors want to get their shares at the lowest cost possible.The listing on CoinMarketCap has not only increased its range but has also brought up Rexas Finance as a project with a long-term vision. All these reasons have also increased the faith of investors and resulted in the presale drive being increased. Now that the RXS token is listed on an established platform like CoinMarketCap, Rexas Finance has broad reach and interest from several investors looking for promising projects to expand their investment.

Rexas Finance Tracks: Strong demand during the presale

Rexas Finance is undergoing its presale in its fourth stage, with the RXS offered at $0.060. Presently, 74.51% of the presale allocation has already been filled up with over $3.76 million raised and more than 81.95 million tokens exchanged. The surge in sales can be attributed to these developments coupled with the listing on CoinMarketCap that raised the awareness of many investors towards the project.The Rexas Finance project is not only providing its investors an opportunity to get in at a reasonably low price early in the game but also conducting a Rexas Millionaire Giveaway for 20 fortunate participants who will each get $50,000 in USDT. This promotional program has managed to draw the interest of other people towards the project and caused other investors to rush into the presale as time is running out.

Conclusion

While Tron and Cardano try too hard to sustain their bullish alliances in the unforgiving markets, Rexas Finance shocks many for being one of the only emerging markets with practical applications and investor interest. Thanks to its breakthrough asset tokenization model, its recent CoinMarketCap listing, and its fast-growing presale, Rexas Finance is set to leave an indelible mark on the crypto ecosystem. Those investors who are seeking the next big opportunity in the crypto industry might consider Rexas Finance as a practical option as it struggles over everything else starting its upmove.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

Disclaimer: The text above is an advertorial article that is not part of Coincu.com editorial content.