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Rexas Finance (RXS) Completes Stage 2 of Presale, Solana (SOL) Prepares to Go Vertical in Q4, Shiba Inu (SHIB) Targets 75-Day Breakout as Crypto Market Heats Up

Susan Sarandon
Susan SarandonOriginal
2024-09-23 03:25:11343browse

The crypto market is in a trance as Rexas Finance (RXS) concluded Stage 2 of its much-hyped presale in just 12 days. This accomplishment could be best

Rexas Finance (RXS) Completes Stage 2 of Presale, Solana (SOL) Prepares to Go Vertical in Q4, Shiba Inu (SHIB) Targets 75-Day Breakout as Crypto Market Heats Up

The crypto market is abuzz as Rexas Finance (RXS) concluded Stage 2 of its much-hyped presale in just 12 days. This accomplishment could be best associated with the growing number of investors eager to cash in on the increasing price of the next stage of real-world assets’ (RWA) tokenization.

The bullish sentiment of Solana (SOL) will accelerate in Q4 as the prices go vertical; Shiba Inu (SHIB) has built up sufficient energy to break out from the long sideways movement. Investors are attracted by the opportunities brought about by the growing bitcoin market.

The Takeaway:

Solana is getting ready for a vertical move in Q4.

Shiba Inu is looking for a breakout following a protracted consolidation.

Investors are flocking to promising projects like Rexas Finance amid the rising bitcoin market.

As Stage 2 of its presale sold out, Rexas Finance once again demonstrated its attraction to the market. With tokens priced at $0.040 each, the second stage of the fundraising campaign earned $1.25 million in less than two weeks, indicating a high level of investor interest in the platform’s novel approach to tokenizing real-world assets. With tokens valued at $0.050, as Rexas Finance enters Stage 3, demand for RXS is only expected to increase.

The success of the presale is indicative of the growing awareness of Rexas Finance’s potential to use blockchain technology to completely transform the way investors purchase, sell, and exchange assets like commodities and real estate. Through fractional ownership, Rexas Finance enables investors to click and access high-value assets from anywhere in the world. Understandably, investors want to invest early before the token lists at $0.20 on exchanges—a potential 6x return for presale participants—given the revolutionary nature of this democratization of asset ownership.

To heighten the excitement, Rexas Finance has announced a $1 million giveaway, with 20 lucky winners receiving $50,000 in USDT. This makes the platform even more appealing and guarantees that it will continue to draw interest in the cutthroat cryptocurrency industry.

Solana Prepares to Go Vertical in Q4

The popular Ethereum Killer Solana (SOL) is expected to see substantial increases in Q4 as it gets ready to “go vertical” after a 10% price spike spurred by the Federal Reserve’s recent rate cuts. SOL ended a two-month slide and signaled renewed market confidence when it rose above the important $140 threshold after trading for weeks between $130 and $139.

Regarding Solana’s future, cryptocurrency analysts have grown more upbeat, with many projecting additional price growth. According to analyst Yuriy, SOL's goal is to hit $160, with further gains possible to $200 or more in the upcoming months. According to Solana’s Relative Strength Index (RSI), there has been a recent increase in purchasing pressure, which indicates that the asset is gathering momentum and may soon break through important resistance levels. With the RSI at 61.80 right now, there is still an opportunity for an increase until the asset reaches the overbought zone.

Solana demonstrated its endurance in the market by outperforming most altcoins throughout the most recent drop in the cryptocurrency market. As SOL climbs, institutional and retail investors might become further interested, which would cause further price growth.

Shiba Inu Targets 75 Days Breakout

After consolidating for seventy-five days close to the $0.000014416 support zone, Shiba Inu (SHIB), the second-largest meme coin by market cap, is exhibiting strong indications of a breakout. Bollinger Bands are starting to expand, indicating that the market rally is set to resume, despite the tight price action.

With some predicting gains of up to 110% if the token breaks out of its current range and reaches the $0.00002949 level, cryptocurrency analysts are growing more optimistic about SHIB. This projection is further supported by the accumulation of long positions by whales and big traders, as buy orders continue to exceed sell orders. The ownership of Shiba Inu whales has also increased, with major holders currently holding close to 60% of the overall supply.

This increasing accumulation, along with the strength of the market, points to Shiba Inu as being ready for a big price rise shortly. If SHIB breaks out and validates a retest, it may initiate a significant upswing that might result in gains of more than 100%.

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