Both analysts and investors are always on the lookout for that single project, which can take over the market and offer unreasonable profits. Solana (SOL) is the blockchain network that has built a strong reputation in the past due to its extended scalability and speed which facilitates DeFi, NFTs, and many other operations.However, with the evolution of the space, more competition is coming up and a crypto analyst who made some known calls accurately is now turning to a new Solana (SOL) rival -Rexas Finance (RXS) which has its value below $0.05 and has gained attention with comments claiming it should be acquired given that it has the potential to grow 3000% in the year 2024.
Solana (SOL): Overview
Nothing can describe the rise of the Solana Blockchain better than the term. Established back in 2020, it soon was regarded among the most used blockchains because of its Proof of History PoH which enabled the Solana network to handle hundreds to thousands of transactions in a second and at lesser fees than those charged on Ethernet or Bitcoin. This has led to the very rapid adoption of Solana by developers engaged in the creation of DeFi applications, NFT exchanges, and other decentralized projects.
What Is Rexas Finance (RXS)?
Rexas Finance (RXS) aims to create a decentralized platform that can help to integrate classical financial products with blockchain technology. For example, all real assets including real estate, precious resources such as gold, etc., can be bought and sold over a single market by issuance of tokens representing these real-world assets. This makes it very possible for anybody to access investment opportunities in these kinds of assets without the need for the usual geographic restriction or huge amount of capital to invest in. The focus of the platform is to convert these physical assets into digital tokens which can then be bought and sold by anyone with ease.
Stage 2 Presale and Early Success
Rexas Finance has been getting much attention because of the ongoing presale for the project. About the project, it is currently in Stage 2 where tokens are being offered at the price of $0.04 per RXS token. At the next stage, it will cost $0.05, so this is the perfect moment for all those who wish to be early adopters.
The presale has so far been a great success. Stage 1 of presale was sold out within less than three days generating a whopping $450, 000. It is this level of interest that signifies that investors are already commencing to appreciate the platform of Rexas Finance and the potential it offers in the tokenization of real estate and other real assets.
Why RXS Is a ‘Must Buy’ for 2024
The analyst who has been vocal about Rexas Finance’s potential cites several factors that make RXS a “must buy” for 2024:
- Market Disruption Potential: Rexas Finance is not merely another run of DeFi or NFT project. It seeks to create a safe place to put trillions of dollars-blockchain marketplaces for personal and business assets, thus having a larger and more promising reach.
- Undervalued at Current Price: The same thing was also stated in the analyst’s conclusions about RXS. Currently, the price of RXS is less than $0.05. Based on the unique proposition of the platform and the increasing demand for tokenized assets, there is a possibility for tremendous appreciation in prices.
- Early Adoption and Presale Success: It is apparent from the presale that there will be a high demand for RXS tokens. The fact that Rexas Finance managed to collect $450,000 in the first Stage in three days shows that investors show a positive outlook on the growth of Rexas Finance and want to be on its better side. Therefore there is a low entry price, and presale also works to make RXS an attractive asset whose value is projected to grow significantly soon.
Conclusion
The crypto space is still developing, and therefore new entrants such as Rexas Finance (RXS) are emerging to provide competition to major projects such as Solana. The company offers a different approach to tokenization of off-chain assets making Rexas Finance a subject of interest to investors. Given the current valuation of prices below $0.05, Most investors as well as crypto enthusiasts promoting their services waiting for the next big crypto to explode in profits may need to include RXS in the list because it’s going to be huge in 2024.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
