Ethereum (ETH) is facing heavy selling pressure from large investors (whales) and institutions. Technical analysis suggests that ETH is in a bearish trend and is currently near a key support level of $2,230. Since January 2024, ETH has touched this level six times, each time bouncing back afterward.
However, due to the ongoing negative market sentiment and consistent sell-offs by whales, it’s important for ETH to stay above the $2,130 level. If it fails to hold this level, it could potentially drop by around 40%, down to $1,200.
Here are 4 alternatives to Ethereum that you should consider buying:
Cardano is a blockchain-crypto project that has huge potential to reach 25X. Moreover, the Cardano team is working continuously on the project's upgrade. Many developers and DApps, are migrating now to Cardano. This indicates the price of ADA will rise.
XRP is the native digital asset of Ripple that aims to interconnect traditional financial institutions and cryptos by offering a seamless cross-border payment solution.
Polygon is a Layer 2 scaling solution for Ethereum, developed to develop the network’s performance by improving transaction speeds and reducing costs.
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Rexas Token Builder: It is normally used to tokenize their real-world assets and commodities. To make it easy for individuals to get digital ownership and offer access to the global market.
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Rexas Treasury: A multi-chain yield optimizer that enables users to earn compound interest on their crypto deposits, which adds one more layer of financial utility to the project.
Rexas Finance began the presale of the native token RXS on September 8, 2024. The total supply of RXS tokens is 1 billion. Rexas project has raised over $2.75M until now, with the third stage of presale over. This event is important for the platform as it allows early investors to engage in what might turn into a revolutionary solution for RWA tokenization. Rexas Finance's $1M Giveaway is live, offering a huge chance for early adopters to join the project’s growth. With strategic investments, these coins could be the ticket to a massive return during the next market cycle.
Rexas Finance is the user's gateway to the future of asset management. Rexas allows users to own or tokenize virtually any real-world asset, from real estate and art to commodities and intellectual property worldwide. With Rexas, users gain access to a world where asset liquidity and investment choices are boundless.
For more information about Rexas Finance (RXS) visit the links below:
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
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.