In the broader cryptocurrency market, there has been an influx of activity into altcoins as Bitcoin (BTC) and Ethereum (ETH) have struggled recently, especially after the recent debates where pro-crypto candidate Donald Trump performed poorly. Many investors are now looking to promising cryptocurrencies including Lexas Finance (RXS), TONCOIN (TONNE), and Avalanche (AVAX) as the keys to unlocking a new outlook after the Crypto Fear and Greed Index fell to 31, indicating significant fear.
Why Whales Are Leaving Bitcoin
Long considered the giants of the cryptocurrency market, Bitcoin and Ethereum are showing signs of market fatigue. Both BTC and ETH have fallen in price following Trump’s poor debate performance. Investor sentiment has been pessimistic. However, a recent report from Sentiment Analytics shows that this trend has been ongoing for a long time. According to Sentiment, Bitcoin (BTC) with weekly volumes of $100,000 or more has fallen 33.6% since March 13 (the day Bitcoin hit its all-time high of $73,679). Ethereum (ETH) has seen an even bigger drop of 72.5% over the same period. According to the Crypto Fear & Greed Index, which currently has a score of 31 out of 100, the overall sentiment in the cryptocurrency market remains “fearful.” This pattern suggests that existing safe havens in Bitcoin and Ethereum may not deliver the short-term gains investors are looking for in September 2024.
Rexas Finance: The Rising Star in Real Asset Tokenization
A relatively newcomer to the crypto market, Rexas Finance (RXS) has sparked a lot of discussion about tokenizing real-world assets (RWAs). Rexas Finance combines the potential of blockchain technology with the reality of owning physical assets. This allows investors to easily buy or sell tokenized asset classes, including real estate, gold, and other commodities. Rexas Finance’s presale has been a huge hit with investors due to this unique value proposition. Rexas Finance’s recent presale received a huge response, with Phase 1 selling out in a record-breaking 72 hours, raising $450,000. The sale is currently in Phase 2, with RXS trading at $0.04 per token, and many investors are heading to the website in anticipation of huge profits. The expected listing price is expected to be $0.20 per token, so early adopters can expect to recoup 600% of their investment when the token debuts on DEX and CEXex. Most analysts believe that what Rexas Finance is doing is very new and that focusing on real assets will provide more security in the long run. This is the main reason why more buyers are adding RXS tokens to their portfolios this month.
Toncoin: Gaining Momentum Amid New Interest
Toncoin (TON), also commonly referred to as Telegram Coin, has enjoyed a remarkable rally over the past few days. For example, it rose 18% to $5.42 in just 72 hours after Telegram CEO Pavel Durov announced its launch earlier this month. Along with the Toncoin price surge, the number of active addresses has also been increasing, up 64% since early September. The sudden increase in adoption shows that more stakeholders are starting to recognize the value of Toncoin. Likewise, sentiment analysis has placed Toncoin as one of the best performing coins after it gained around 15% this week despite the bear market. With the large number of Telegram users and the growing interest in Toncoin, it has become a coin to watch in September. With the popularity of decentralized platforms growing, Toncoin is very conveniently positioned to capitalize on the recent declines in Bitcoin and Ethereum to enjoy a massive price rally.
Avalanche: Leading the Top 20 Cryptocurrencies with Price Rise
Avalanche (AVAX) has recently seen the biggest price gain among all the top 20 crypto assets, up 6% in the past month. Despite the negative sentiment surrounding the token, Avalanche’s performance has been notable enough to push the price up to $23.03. AVAX currently has a total market cap of over $9.33 billion, making it the 12th largest cryptocurrency blockchain. One of the key factors behind Avalanche’s rise over the past few months has been the increased confidence of long-term investors. According to data from IntoTheBlock, while the number of AVAX holders has increased, the selling pressure has decreased significantly. This means that there are more investors who are currently invested in AVAX in hopes that the price will go up further. As the open interest for Avalanche continues to grow, the token could soon be targeting $27, with some analysts even suggesting that it could reach $32 during this bullish period. So, with more and more investors focusing on AVAX, it seems clear that this coin should be kept in your portfolio in September as well.
Conclusion: Rexas Finance is our token of choice for September.
While Bitcoin and Ethereum have struggled in recent months, other altcoins such as Rexas Finance, Toncoin, and Avalanche have become more attractive to investors seeking higher yields. One of the events in the crypto space is the ongoing presale of Rexas Finance tokens. To participate in this project and benefit from the expected high ROI, go to the Rexas Finance presale website, connect your funded ETH 20 supported wallet, and purchase the desired amount of RXS tokens.
For more information about Rexas Finance (RXS), please visit the link below.
Website: https://rexas.com
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
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