The crypto market is always full of surprises and investors are always on the look out for new opportunities to maximise their profits. Moreover, the crypto market, known for its volatility has seen price swings for Dogecoin (DOGE), Solana (SOL) and XRP. Besides, this new crypto project, Rexas Finance (RXS), in its ongoing presale has seen massive interest from the crypto community. The project has raised over $4.1M highlighting strength and believe in the initiative.
Dogecoin: Musk Sparks Rally
Something intriguing is happening within the Dogecoin community. Over the past 30 days, Dogecoin (CRYPTO: DOGE) has surged more than 30%, nearly catching up with Bitcoin (CRYPTO: BTC) in performance. For the year, Dogecoin is up by 50%, while Bitcoin is up by 60%. Hence, many attribute Dogecoin’s recent rally to Elon Musk. Once dubbed “The Dogefather” for his ardent support during the previous bull market, Musk seems to be reigniting his endorsement. Over the past month, he has made numerous cryptic statements and social media posts about Dogecoin, hinting at a potential rally as the market heads into 2025. Dogecoin is priced at $0.141028, with a 24-hour trading volume of $2,037,482,828. Furthermore, it boasts a market cap of $20,655,218,422 and a circulating supply of 146,461,626,384 DOGE coins. Additionally, trading activity in Dogecoin derivatives has seen a 34% volume increase, hitting $3.7 billion, signaling heightened short-term trading. Besides, long/short ratios across major exchanges indicate a mixed sentiment, but Binance’s top traders are bullish with a 2.69 long/short ratio. High volatility has resulted in $7.72 million liquidations within the last 24 hours, impacting both longs and shorts.
Solana: ETN Transformation Boosts Confidence
Moreover, Solana’s popularity is on the rise, especially after a recent update to VanEck Europe’s exchange-traded note (ETN) for Solana. Listed on Euronext Amsterdam, the $74 million product now offers Solana staking rewards for investors across the EU. Consequently, these rewards, which are reinvested daily, reflect as increased shares in the ETN, allowing passive income for investors. At the time of writing, Solana is valued at $165.76, with a 24-hour trading volume of $4,252,211,605. It has also seen a 3.80% increase over the last 24 hours, with a market cap of $77,911,630,770 and a circulating supply of 470,025,102 SOL. Solana derivatives trading has surged notably, with volume skyrocketing by 124% to $9.59 billion, alongside a 4.82% rise in open interest to $2.99 billion. Subsequently, this growing engagement shows a slight bullish sentiment. Notably, Binance traders appear more inclined towards long positions, reflected in a 1.9542 long/short ratio. Increased volatility has led to $12.84 million in recent liquidations, mostly from short positions, indicating a bullish trend.
XRP: Growing Interest Despite Legal Scrutiny
Additionally, XRP continues to be a focal point in the crypto world, even amid its ongoing legal challenges with the SEC. Recently, Elon Musk was asked about XRP during a rally in Pennsylvania. Although Musk neither supported nor criticized the token, he mentioned, “This is definitely not an endorsement or lack of endorsement for XRP, but I do think crypto by its very nature helps with individual freedom.” His balanced comments resonated with the audience, sparking increased interest in XRP. At press time XRP’s price is at $0.547314, with a trading volume of $1,353,062,262 over the last 24 hours. It has a market cap of $31,036,214,589 and a circulating supply of 56,706,436,160 XRP coins. Moreover, XRP derivatives trading has boomed, with a 140% volume surge to $1.24 billion, while open interest slightly increased to $780.26 million. Binance and OKX traders exhibit a bullish sentiment, shown by ratios exceeding 3.3, despite short-term fluctuations. The data reflects solid market engagement, and increased trading volumes indicate XRP’s market position.
Rexas Finance (RXS): A New Opportunity Amidst Market Buzz
Besides the most popular options, attention is turning to the relatively fresh-fledged player – Rexas Finance (RXS). Presale for the project has been stellar, and the project has garnered over $4.1 million in presale funding. Therefore, this funding milestone provides evidence of community support as well as confidence in its strategic plan. Rexas Finance has unique features which interest investors seeking new ventures to invest in. The high rate of presales of the project shows that it could possibly bring significant revolution in the crypto market through their products.
The future of the current position of Rexas Finance in the market has not yet been determined, however, possible further development indicates its successful growth in a short time, primarily due to a high rate of fundraising. Rexas Finance is one of the industry’s pioneers with a concentration on the real estate tokenization process. In this regard, asset tokenization enables the platform to amplify the liquidity, accessibility, and transparency to trade the asset-backed tokens efficiently and securely by transforming the assets into the digital tokens. The platform also reduces the barriers to investment by implementing the idea ofTRADE where investors can exchange smaller portions of often fairly opaque and normally immobile possessions. Furthermore, Rexas Finance utilizes blockchain’s security and such an advanced feature like transparency and provides companies, investors, and users with efficient, low-cost, and globalized asset management.
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