Kategorie: Crypto Markets

• Injective (INJ) up 13% post-INJ 3.0 governance proposal (IIP-392) approval.
• The IIP-392 proposal cuts INJ’s token supply, boosting its value.
• Injective’s rise is further supported by the growing interest in AI crypto.

Injective (INJ) has emerged as one of the standout crypto performers today, witnessing a significant price surge following the approval of its INJ 3.0 governance proposal.

The cryptocurrency has soared by around 13%, reaching a 24-hour high of $26.62, with a weekly gain of 27%, reflecting robust investor confidence in its prospects.

INJ 3.0 governance proposal approval

Today’s Injective price rally lies in the successful passage of the INJ 3.0 governance proposal, known as IIP-392, which was overwhelmingly supported by the Injective community with a 99.99% approval rate.

The IIP-392 proposal is set to dramatically reduce the circulating supply of INJ tokens, positioning it to become one of the most deflationary assets in the crypto space. The deflationary mechanism is expected to enhance the token’s value over time by reducing supply while demand potentially rises, a strategy that has historically buoyed asset prices in cryptocurrencies.

This governance move is not happening in isolation. It coincides with a broader market trend, particularly the enthusiasm around Bitcoin’s halving event, which often catalyzes interest in other cryptocurrencies, especially those with significant updates or innovations. Injective’s alignment with this event could be seen as strategic timing to capitalize on the market’s focus on deflationary tokens.

The market’s response has been overwhelmingly positive, with trading volumes for INJ jumping by 198% to $312.13 million, and a +17.67% increase in futures open interest to $200.32 million according to data from Coinglass, signalling not just short-term speculation but a belief in the long-term value proposition of Injective (INJ).

Injective’s commitment to reducing token supply through governance, coupled with its focus on AI, places it at the intersection of two highly sought-after trends in the crypto world.

While the outlook for INJ remains bullish, the volatile nature of cryptocurrency markets necessitates caution.

Investors should watch for the successful execution of the INJ 3.0 plans, alongside monitoring broader market sentiment, which can be swayed by global economic shifts or political events, such as the potential impact of a Donald Trump election win on tech stocks and cryptocurrencies.

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• Polymarket gives Poilievre an 87% chance of succeeding Justin Trudeau as Canada’s PM.
• Trudeau has announced his resignation, citing internal struggles; parliament prorogued till March 24.
• Poilievre’s anti-CBDC stance boosts popularity, pushing for crypto and cash freedom.

In a dramatic shift in Canadian politics, the odds of Pierre Poilievre becoming the country’s next prime minister soared to 93% on the Polymarket prediction platform, before slightly dropping to 87% at press time.

This surge follows the announcement by Justin Trudeau, Canada’s prime minister for nearly a decade, that he will step down as leader of the Liberal Party and resign as prime minister, leaving office once a new party leader is chosen.

Justin Trudeau resignation

Justin Trudeau announced his resignation on January 6, 2025, outside Rideau Cottage in Ottawa, citing internal party struggles and a desire for Canadians to have a clear choice in the upcoming election. While he will remain in a caretaker role until a new Liberal leader is selected, Trudeau acknowledged the challenges his government faced, including criticism of his cabinet and prolonged parliamentary gridlock.

The House of Commons will be prorogued until March 24, allowing time for the Liberal Party to elect a new leader.

Reflecting on his time in office, Trudeau highlighted key achievements such as supporting Ukraine, managing the COVID-19 pandemic, addressing climate change, and preparing the economy for future challenges. However, he expressed regret over his failure to reform Canada’s electoral system, which he believes would have allowed voters to rank multiple preferences on a single ballot.

Will Pierre Poilievre succeed Justin Trudeau as the next Canadian PM?

The top three contenders for the Canada PM post are Pierre Poilievre, Chrystia Freeland, and Jagmeet Singh.

However, Pierre Poilievre, The Conservative Party leader, is emerging as the most probable choice. His policies emphasize preserving Canadians’ financial privacy and freedom by opposing the creation of a government-controlled digital currency.

Poilievre, known for his staunch opposition to central bank digital currencies (CBDCs) and advocacy for cash and cryptocurrency freedoms, has gained significant traction among voters.

Poilievre’s advocacy for cryptocurrency and blockchain innovation has garnered attention, with the Conservative leader expected to position Canada as a potential global hub for digital assets.

The Polymarket prediction, based on a contract titled “Next Prime Minister of Canada,” also reflects growing confidence in Poilievre’s chances.

The Polymarket contract has seen a trading volume exceeding $391,400, underscoring widespread interest in Canada’s political future.

As Canada braces for a political transition, Polymarket’s data highlights the electorate’s shifting priorities. Poilievre’s rising popularity underscores a growing appetite for change, as voters consider his vision for the nation’s economic and technological future.

With the next federal election required to occur before October 2025, the political landscape is poised for significant transformation.

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• 75% of Ripple’s roles are now US-based compared to the last four years
• The “Trump effect” is already making crypto great again, said Garlinghouse

Ripple CEO Brad Garlinghouse said Ripple Labs signed more US deals in the last six weeks of 2024 compared to the previous six months before the US election.

In a post on X, Garlinghouse pointed to Donald Trump’s incoming administration to the White House as the factor creating a positive effect on the company.

“2025 is here and the Trump bull market is real,” Garlinghouse wrote. “We signed more US deals in the last six weeks of 2024 (since the election) than the previous six months,” adding that “75% of Ripple’s open roles are now US-based, while over the last four years, the vast majority of hires were outside the US.”

2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler’s SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved.

Today:
✅75% of Ripple’s open roles are now US-based, while…

— Brad Garlinghouse (@bgarlinghouse) January 5, 2025

“Team Trump is already jumpstarting innovation and job growth in the US with Scott Bessent, David Sacks, Paul Atkins and others at the helm, and they aren’t even in office yet,” Garlinghouse said. “Say what you want, but the “Trump effect” is already making crypto great again.”

Since Trump’s win, XRP has risen more than 300%, according to data from CoinMarketCap. At the time of publishing, XRP is trading at around $2.40, up 1.92% in the last 24 hours.

Ripple vs. the SEC

For Garlinghouse, the Trump effect on the crypto market is personal after Gary Gensler’s US Securities and Exchange Commission (SEC) prevented business opportunities for Ripple in America.

In 2020, the SEC sued Ripple, Christian Larsen, the company’s co-founder and former CEO, and Garlinghouse, after alleging that they raised $1.3 billion through the sale of XRP, an unregistered securities offering, according to the regulator.

However, in 2023, Judge Analisa Torres found that XRP wasn’t a security when it came to sales to the public, its employees, and developers, marking a huge win against the SEC. Yet, direct sales to institutional investors, Torres found that these sales were securities. As a result, Ripple was ordered to pay $125 million for violating securities laws.

In October, Ripple filed a notice of cross-appeal against the SEC challenging the judgement made to pay the fine.

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Memecoins are hailed for their volatility, since it is precisely that volatility that offers the potential for huge upside gains… but one pressing question remains – can established tokens like Shiba Inu (SHIB) or Pepe (PEPE) still transform a modest investment into a fortune? 

According to a seasoned analyst, the answer is straightforward. For Shiba Inu (SHIB) and Pepe Coin (PEPE) to turn a $300 investment into $1 million, their market caps would need to surge by 100X. Given their already substantial market capitalizations, such growth appears highly unlikely for those two memecoins.

But one token that the analyst believes has the potential to do this is Rexas Finance (RXS). Currently in presale stage 11 and priced at $0.175, Rexas Finance offers investors an opportunity reminiscent of Shiba Inu’s (SHIB) early days in 2020 – just before the 2021 bull run, which delivered a staggering 180,000% ROI and turned small investments into millions. 

RXS Presale Hits $33.8M: Revolutionizing Asset Ownership with Tokenization

The ongoing presale is in Stage 11, and each RXS token is priced at $0.175. In this phase, they have so far raised an impressive $33,830,844 out of the targeted $41 million, which indicates how many investors are interested in the project.

⭐️ Milestone Alert! ⭐️

Rexas Finance has successfully raised $33.8 Million! 🚀

Thank you for your support! 👍

Buy Now: https://t.co/tNJAsvBiYe#rexas $RXS #RexasFinance #Crypto pic.twitter.com/aCaSkR668I

— Rexas Finance (@rexasfinance) December 26, 2024

RXS’s emphasis on real-world asset tokenization makes it different from its competition. Rexas Finance helps democratize access to high-value markets by allowing its users to fractionalize traditionally illiquid assets such as real estate and commodities. This innovative play offers improved liquidity and investment opportunities to investors previously only available to the elite. With more investors appreciating the amount RXS can change asset ownership and management, its value improves.

Rexas Finance: Innovation and Utility Driving Huge Growth Potential for Early Investors

Shiba Inu and Pepe Coin have garnered attention for their incredible rises and community-driven engagement, yet they don’t offer the fundamental utility that many investors now need. Like SHIB, PEPE is based on speculative trading and viral marketing, not tangible use cases. This makes it susceptible to market volatility. 

Rexas Finance, on the other hand, is utility and innovation-based. The platform’s tools, Rexas Token Builder and QuickMint Bot, enable users to mint asset-backed tokens as quickly as possible, with or without technical expertise. That’s why a growing number of analysts believe that that RXS could offer early adopters a similar growth trajectory to the ones those memecoins offered in their early growth phases. 

Rexas Finance: Strong Presale Performance and Strategic Positioning Set to Lead the Crypto Market

This is one of the reasons the presale of Rexas Finance was a success and has enormous market potential. This means the further into its stages, the more demand there will be for RXS tokens.

In addition, RXS can be found on significant platforms such as CoinMarketCap and CoinGecko and has undergone auditing by CertiK, thereby strengthening its reputation with intended investors. A solid presale performance, a reliable technological framework, and optimal placement in the RWA industry puts Rexas Finance in the race for crypto riches.

Looking Ahead: The Future of RXS

With Rexas Finace presenting a unique token that focuses on real-world assets, a growing number of crypto investors are rushing to buy into its presale during stage 11, before the price to $0.20 in stage 12. 

Website: https://rexas.com

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

The post Quickest path to becoming a crypto millionaire: Shiba Inu (SHIB), Pepe Coin (PEPE) or Rexas Finance (RXS)? appeared first on CoinJournal.

Following its explosive climb, Shiba Inu gained household recognition in the market in 2021. Beginning the year at barely $0.0000000001 per coin, SHIB shot to an all-time high of $0.00008616 by October 28, 2021. This astounding rise of about 51,000,000% produced a tsunami of crypto millionaires and shot SHIB into international recognition. 

But Shiba Inu is selling at roughly $0.00002288 per coin as of December 25, 2024, a considerable drop from its peak of approximately 73%. With SHIB’s price swings over 2024, this fall emphasizes meme coins’ instability and erratic character. Projecting a potential high of $0.0000344 in 2025, which would represent a 50.35% rise from its present value, analysts forecast a modest increase for SHIB. Still, Shiba Inu’s future development is unknown, especially in light of more recent, more creative ventures attracting investment interest.

Rexas Finance (RXS): The Best SHIB Competitor?

Rexas Finance (RXS), a cryptocurrency with a real-world use case, is quickly becoming popular as a viable alternative to Shiba Inu. 

Unlike meme coins, which sometimes have no significant use, Rexas Finance is a platform that transforms people’s interaction with real-world assets through tokenization. Offering a far more physical and practical use case than Shiba Inu, the platform lets users tokenize practically any real-world asset—real estate, fine art, intellectual property, or goods. Rexas Finance leverages the ability to digitally represent real assets on the blockchain, enhancing accessibility, liquidity, and investment possibilities in an area that is developing relevance. Many sectors have shown interest in this creative approach, which helps Rexas Finance position itself as a more flexible and environmentally friendly investment. Unlike Shiba Inu, which depends on community-driven hype, Rexas Finance’s long-term worth stems from its capacity to democratize wealth management and give its consumers actual use.

Rexas Finance’s presale has been outstanding, with $33,563,258 generated in Stage 11. At $0.03 in Stage 1, the RXS token has surged 483% to $0.175 in just three months. This remarkable expansion highlights the project’s potential for even more price rises once it formally opens and indicates its rising demand and interest.

Rexas Finance distinguishes itself by its dedication to inclusiveness and decentralization. Although many projects depend on venture capital to support their activities, Rexas Finance organized a public presale so regular investors could participate in the project’s expansion right from the start. This choice reflects the project’s commitment to community participation and its aim to distribute creative financial technologies and access to democratize them.

Apart from its great presale performance, Rexas Finance has undergone a thorough Certik assessment and is among the top blockchain security companies. The audit verified the project’s operational openness and smart contract security, increasing investor confidence. This stage is essential for guaranteeing the project’s long-term viability, particularly in an atmosphere where openness and trust are so important.

Rexas Finance’s Potential for Explosive Growth

Rexas Finance could revolutionize the cryptocurrency market in the next few years. Some market analysts are predicting a huge price increase for RXS, with some suggesting this altcoin might be valued at $65 before the end of 2025. 

Rexas Finance is positioned as one of the most fascinating businesses in the crypto scene today, and this prediction emphasizes its great expansion possibility. Many elements lead to this expected increase. First, the platform’s adoption will be driven by the need for real-world asset tokenizing—which Rexas Finance specializes in. Rexas Finance is positioned to take the front stage as more businesses investigate the advantages of tokenizing real assets. Second, the project’s intended listings on big markets in early 2025 will increase liquidity and exposure, supporting its expansion. Finally, Rexas Finance is a much safer and more dependable investment than many other developing currencies thanks to the strong foundations set by the presale, the Certik audit, and the community-driven approach.

The Next Big Wave of Crypto Millionaires

Rexas Finance offers investors wishing to generate significant riches in the cryptocurrency market a chance that might outshine Shiba Inu’s explosive climb. With its creative approach to asset tokenization, great presale performance, and growing investor confidence, Rexas Finance is positioning itself among the most sought-after tokens in the crypto market. Shiba Inu is still a well-liked meme currency with a devoted fanbase, but it lacks the functionality and long-term promise Rexas Finance presents. Rexas Finance is the perfect alternative for investors seeking significant returns in 2025 and beyond as the world moves toward more sensible and useful blockchain solutions since it will produce the next wave of crypto millionaires.

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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