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Home Blockchain

This Altcoin Is Getting More Hype Than Solana and Polygon Had When They First Hit $1, and It’s Still Only $0.20

by DigestWire member
February 7, 2025
in Blockchain, Crypto Market, Cryptocurrency
0
This Altcoin Is Getting More Hype Than Solana and Polygon Had When They First Hit $1, and It’s Still Only $0.20
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The post This Altcoin Is Getting More Hype Than Solana and Polygon Had When They First Hit $1, and It’s Still Only $0.20 appeared first on Coinpedia Fintech News

The cryptocurrency market in 2025 is buzzing with activity, and one altcoin is rising above the competition. Rexas Finance (RXS), currently priced at $0.20 in its presale stage, is attracting attention with its innovative real-world asset tokenization model. With a launch price set at $0.25, Rexas is garnering more excitement than Solana (SOL) and Polygon (POL) experienced during their early breakout phases. Here’s how Rexas compares to Solana and Polygon and why it could be a game-changer.

Solana Sustained Momentum Hinges on ETF Approval

Solana, specifically SOL, hovered around $240, up by about 7% in a 24-hour timeframe and 23% on a monthly basis. The Solana asset demands have been further spurred by rumors of the approval to list a Solana spot ETF by Q1 2025, with this factor possibly being one of the drivers of institutional investors. Technical indicators show mixed signals.

As for the technical indicators, the RSI is above the neutrality level and can therefore continue to rise, while the MACD is also positive. While if Solana sustains the support above $237, it may look for the resistance at $250 with an upside target of $300.

Thus, bearish pressure may force a retest of lower support levels at around $210. In spite of price fluctuations, Solana’s total value locked in its networks or TVL increased by 27% above Ethereum and BNB Chain. Despite these drawbacks, Solana can continue to draw developers partly due to its high level of scalability, and high active address count. However, drawing a 40% difference in the on-chain trading volume between January 24 and January 27 shows areas of concern in the network.

Polygon Declining Activity Raises Concerns

Polygon has been trending downwards, with the current POL price of $0.4145, which means that it is 5.1% down in the last 24 hours and 9.5% down in the last week. The total addresses on Polygon were reduced by 12% in the last 30 days, and likewise, the TVL reduced and was recorded $842 million.

Over the last month, sales on Polygon have significantly declined and were $24.8 million and for Base, it was $22.7 million Though Polygon sold 71% less in NFTs, Base managed to sell 388% more. Investors are concerned because trading activities or user engagement levels have dropped and are not at the level that was projected. Recently, the address associated with a whale transferred 5.64 million POL tokens to Coinbase; this could mean a potential selloff. It was mentioned earlier that analysts expect its price to be bounded between $0.43 and $0.53 until the network activity increases again.

Rexas Finance Positioned For Rapid Growth

In 2025, Rexas Finance (RXS) is a notable altcoin, enhancing the application of the blockchain in the tokenization of real-world assets. During its presale that costs $0.20, Rexas has managed to collect $44 million by selling 415 million tokens. Its confirmed listing price is $0.25, which will help the company make a great start.

⭐️ Milestone Achieved! ⭐️

Rexas Finance has successfully raised $44,000,000! 🚀

Thank you for your support! 👍

Buy Now: https://t.co/tNJAsvBiYe#rexas $RXS #rexasfinance #crypto pic.twitter.com/aH3DUpmeTC

— Rexas Finance (@rexasfinance) January 28, 2025

Rexas offers an opportunity to tokenize such object as real estate, gold, and commodities, and bring high-priced investments to ordinary people. For instance, it allows users to gain shared ownership of properties or invest in commodities across the world through a few clicks. The project’s CertiK audit has enhanced credibility, ensuring a secure and transparent platform.

By allocating 42.5% of its 1 billion tokens to presale participants and avoiding venture capital funding, Rexas has attracted both retail and institutional investors. Rexas also offers a decentralized launchpad, multi-chain DeFi solutions, and AI-powered NFT tools, ensuring long-term growth in crypto and traditional markets.

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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