The wider cryptocurrency market has seen an inflow of activity in altcoins as Bitcoin (BTC) and Ethereum ( ETH) struggle recently, especially following the underperformance of pro-crypto candidate Donald Trump in a recent debate. Many investors are now looking towards promising cryptocurrencies, including Rexas Finance (RXS), Toncoin (TONNE), and Avalanche (AVAX), as possible keys to unlock new prospects after the Crypto Fear and Greed Index dropped to 31, signifying notable fear.
Why Whales are Leaving Bitcoin
Long regarded as the giants of the cryptocurrency scene, Bitcoin and Ethereum are displaying indications of market fatigue. Following Trump’s poor debate performance, both BTC and ETH have seen price declines; investor mood has been pessimistic. However, a recent report from Sentiment analysis indicated that the trend has been ongoing for a long time. According to Santiment, Bitcoin (BTC) weekly transactions of $100,000 or more had dropped 33.6% since March 13 — the day of Bitcoin’s $73,679 all-time high. It added Ether (ETH) saw an even more significant decline of 72.5% over the same period. Based on the Crypto Fear & Greed Index, which presently has a score of 31 out of a total possibility of 100, the general attitude in the crypto market stays “fear.” This pattern implies that the conventional safe bets of Bitcoin and Ethereum might not offer the short-term gains that investors are looking for in September 2024
Rexas Finance: The Rising Star in Real-World Asset Tokenization
A relatively recent arrival in the crypto space, Rexas Finance (RXS) has been causing a lot of discussion around the tokenization of real-world assets (RWA). Rexas Finance combines the potential of blockchain technology with the reality of owning physical assets. It allows its investors to readily purchase or sell tokenized asset classes including real estate, gold, and other commodities. The presale of Rexas Finance is highly sought after among investors because of this special value proposition. The recent presale of Rexas Finance has received an overwhelming response, with the first stage being sold out in a record time of 72 hours, garnering $450,000. The sale is now in the second stage, where RXS costs $0.04/token, and many investors are making their way to the website as they expect huge returns. Since the estimated listing price is forecasted to be $0.20 per token, those who have joined early should recover 600% of their investments when the token debuts on DEXes and CEXex. Most analysts hold the view that what Rexas Finance is doing is quite new, and concentrating on real assets adds further security in the long run. This is a major reason why more buyers are adding RXS tokens to their portfolios this month.
Toncoin: Gaining Momentum Amid Renewed Interest
Toncoin (TON), which is also commonly referred to as Telegram Coin, has enjoyed a remarkable resurgence in these last few days. Earlier this month, for instance, the crypto gained 18% in just 72 hours to hit $5.42 after the announcement of Telegram CEO Pavel Durov’s release. In tandem with Toncoin’s price surge is the growing number of active addresses, which has increased by 64% since the beginning of September. This sudden upturn in adoption shows that more stakeholders are beginning to see the value of Toncoin. Likewise, Sentiment analysis listed Toncoin as one of the best performers even though this week is a bearish market after recording about a 15% rise. The large number of users from Telegram plus the increasing attention towards Toncoin makes it one to watch in September. Given the increasing popularity of decentralized platforms, Toncoin is very conveniently placed to take advantage of the recent downtown in Bitcoin and Ethereum for a huge price rally.
Avalanche: Leading the Top 20 Cryptos with Price Gains
Avalanche (AVAX) has recently recorded the most gains in price amongst all crypto assets listed in the top 20 by noting a 6% rise within the past month. Although there has been a negative mood surrounding the token, the performance of Avalanche has been remarkable enough for the price to go up to $23.03. Currently, the total market cap of AVAX is over $9.33 billion, which makes it the 12th largest cryptocurrency blockchain. One of the critical factors that led to the rise of Avalanche in the last few months is the increasing trust among long-term investors. Data from IntoTheBlock reveals that an increase in the number of AVAX holders occurred while the selling pressure was reduced significantly. This means that there are more investors currently sitting on their AVAX, hoping for a further rise in the price. As open interest for Avalanche continues to rise, the token could aim for $27 shortly, with some analysts even asserting that it could hit levels of $32 during this bull run. From there, it appears quite clear that as more and more investors concentrate on AVAX, you should also keep this coin in your portfolio in September.
Conclusion: Rexas Finance is the Go-to Token for September
While Bitcoin and Ethereum have struggled in recent months, other altcoins, such as Rexas Finance, Toncoin, and Avalanche, are becoming more appealing to investors who are on the hunt for higher profits. One of the events in the crypto sector is the ongoing presale of Rexas Finance’s token. To jump on this project and benefit from the anticipated high ROI, go to the Rexas Finance presale website, connect your funded ETH 20-enabled wallet, and purchase your desired amounts of RXS tokens.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
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