Schlagwort: crypto business

There is some activity in the crypto market as some heavyweights emerge with surging momentum. You may have noticed the recent headlines surrounding Ripple (XRP), Ethereum (ETH), and the new boy on the block, Rexas Finance (RXS), all due to their upside prospects. Let’s explore why some analysts believe these tokens might be worth our attention.

Ripple (XRP): Eyeing the $1 Barrier?

Ripple (XRP) has recently experienced impressive growth and is currently trading around $0.58. This movement is buoyed by the fact that the coin is maintaining well above the important support zones at $0.40. The benchmark of $0.40 continues to hold firm as a good bottom from where, up to now, it has been easier for XRP to move upwards.

All eyes are now set on a potential breakout above $0.60, with some analysts expecting that trend to serve as a trigger for XRP to move past the $1 territory.

Ethereum (ETH): On Track for a New ATH in Q1?

The second largest cryptocurrency by market capitalization, ETH, could break its All-Time High (ATH) in Q1 2025, according to several analysts.

A number of factors have shaped positive sentiments towards Ethereum’s market potential, including the evolution of its ecosystem and some major technical improvements. A predicted bull run towards the end of 2024 could also reinforce this positive sentiment around Ethereum, possibly driving its value to new heights.

Rexas Finance (RXS): Revolutionizing the RWA Market

The finance holding company Rexas Finance (RXS) is a young disruptor within the sphere of asset tokenization. In the very first week of its presale, Rexas Finance raised nearly $600,000, highlighting the growing interest in this RWA token and underscoring why a number of analysts are indicating their growing confidence in RXS’s growth potential. 

In its ongoing presale, RXS tokens have moved from Stage 1 to Stage 2, with the cost of the token now standing at $0.040. This means early-stage investors who bought back at $0.030 during stage 1 have seen a lucrative 33.3% appreciation already. This amazing head start underpins the promise of the project and the fact that investors are positioning themselves ready to catch the next biggest opportunity in the cryptocurrency space.

Rexas Finance aims to democratize the purchase of real estate investments anywhere in the world. Picture being able to buy such real estate in New York, Paris, or Tokyo while sitting in your living room. Because of Rexas Finance’s platform, people can purchase fractional parts of the whole property or equity depending on how much they are willing to invest. The strategy shifts the paradigm from exclusive to inclusive, by enabling middle-income earners to invest alongside high new worth investors. 

What This Means for Investors

The Ripple story, the narrative of Ethereum, and that of Rexas Finance – they all hold out the possibility of outsized gains according to a growing number of crypto insiders. So, be it the next step by Ripple, be it the next peak by Ethereum, or be it the out-of-the-box thinking Rexas Finance, there are likely to be some solid opportunities for would-be investors during the looming crypto bull run. 

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

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• Hedera announced it had joined the Linux Foundation Decentralized Trust project as a founding member.
• The initiative includes contributing its entire source code to the LF Decentralized Trust.
• HBAR price traded largely lower amid the news, although it was signalling a potential uptick.

Hedera has joined the Linux Foundation’s newly launched Decentralized Trust project as a founding premier member, according to a news release published on Sept. 16.

But Hedera hasn’t just become a member of the LF Decentralized Trust.

Per the details shared in the company blog, the blockchain platform has taken a bigger step in promoting decentralization in the blockchain and crypto space. That’s by contributing its entire source code, including the Hashgraph consensus algorithm and its network’s core services, to the Linux Foundation.

The Hiero initiaive

Charles Adkins, the president of Hedera, said that this new direction for the blockchain ecosystem will evolve via a new project named Hiero.

The new project begins the next innovation chapter for Hedera and the broader ecosystem, driving key applications such as wallets, cryptographic solutions, decentralized exchanges and software development kit, or SDK.

As well as contributing code, Hedera joins LF Decentralized Trust’s governing board, which also comprises Accenture, DTCC, and Hitachi.

What next for Hedera?

According to Adkins, the Hedera Council will continue to handle the network’s governance.

“Our commitment to the Hedera ecosystem remains unwavering. While Hedera’s code now benefits from the stewardship and vast resources of the Linux Foundation, the operational governance of the Hedera network remains with the Hedera Council,” Adkins wrote.

Benefits of the transition include security, integrity and decentralization. It also provides for a robust ecosystem for developers.

Hedera’s contribution to the Linux Foundation, adds to the platform’s participation in the Decentralized Recovery Alliance. Hedera joined DeRec Alliance alongside Cardano’s IOHK in early September.

HBAR, the native token of the Hedera ecosystem, traded around $0.05 at the time of writing. The altcoin’s value was down 2.8% in the past 24 hours.

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• NEIRO, BABYDOGE and TURBO tokens soared as Binance announced new trading pairs for the meme coins
• First Neiro on Ethereum gained as Neiro on Ethereum slumped.
• Deposits for the three meme coin trading pairs open on September 16 at 10:00 UTC.

Neiro (NEIRO), Baby Doge (BABYDOGE) and Turbo (TURBO) tokens have exploded after leading crypto exchange Binance announced spot trading support.

Binance Will List @neiroethcto $NEIRO, @TurboToadToken $TURBO and @BabyDogeCoin $BABYDOGE with Seed Tag Applied.

Read more 👉 https://t.co/cwaNCfaAS7 pic.twitter.com/7gvibLZYQ0

— Binance (@binance) September 16, 2024

NEIRO, BABYDOGE soar amid Binance listing

Binance announced it would list new spot trading pairs for the three meme coin tokens, and price reaction was massive – particularly for Neiro.

According to data from CoinGecko, the First Neiro on Ethereum (NEIRO) token spiked more than 600% after the news, while the NEIRO on Ethereum token slumped. Binance said it would list First Neiro on Ethereum, the community token representing the Neiro project on Ethereum.

.@neiroethcto This dog’s got some serious swag! pic.twitter.com/S2CoaZlFGb

— H.E. Justin Sun🌞(hiring) (@justinsuntron) September 16, 2024

Baby Doge Coin (1MBABYDOGE), another community dog-themed meme coin on Binance Smart Chain (BSC), also rose after Binance’s announcement. BabyDoge is a Doge community meme coin that looks to promote awareness around animal adoption.

The token traded more than 55% up in 24 hours at the time of writing. Meanwhile, Turbo (TURBO) price spiked more than 14% as Binance announced the TURBO/USDT trading pair would go live at 10:00 am UTC on September 16, 2024.

The exchange will also add NEIRO/USDT and 1MBABYDOGE/USDT, with withdrawals open at 10:00 UTC on September 17, 2024.

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• Crypto services provider Matrixport’s RWA platform has announced the launch of XAUm.
• This is an on-chain gold token that will support Ethereum and BNB Chain.
• XAUm launched on September 16, 2024.

Matrixdock is expanding its RWA market with XAUm, an on-chain gold token backed fully by physical gold bars at the London Bullion Market Association. The LBMA physical gold bars backing the on-chain gold token have 99.99% purity, Matrixdock noted in an announcement.

XAUm will be available as an ERC-20 token on Ethereum and as a BEP-20 token on the BNB Chain. Its issuance is pegged 1:1 to a troy oz. of the LBMA gold. Trading support is available for the largest stablecoins in the market today – USDT and USDC.

Investors will not incur any management fee. However, the company will charge a 0.25% flat rate for both minting and redemption orders. Meanwhile, Matrixdock will custody the gold at reputable vaults.

According to the platform, investors will have an option of redeeming XAUm as stablecoins or physical assets. However, users will have to complete KYC to redeem the assets, with physical gold redemption available to customers via Matrixport’s Hong Kong and Singapore services.

RWA market up to $12.3 billion

XAUm’s launch on the RWA platform Matrixdock comes after the successful debut of the Short-term Treasury Bill Token. STBT offers accredited investors access to tokenized US Treasury bills (T-Bills). The token is pegged 1:1 to the US dollar.

Per RWA.xyz data, the total on-chain value of real-world assets has hit over $12.3 billion. There also are currently more than 100 asset issuers.

The tokenized commodities market, which includes the value of on-chain gold, silver and oil products, has reached $994 million. Biggest issuers are Paxos, Tether, Comtech Gold, Aurus and WisdomTree.

In comparison, tokenized treasuries products across the RWA market has surpassed $2.4 billion. BlackRock’s BUIDL, Franklin Templeton’s FOBXX and Ondo Finance’s USDY are currently the three largest by market value.

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$WHALE token Stage 1 was announced last month, which gives early adapters and active community members the opportunity to gain tokens via a “invite a friend” program. In the short time over 200k tokens have been claimed with Stage 1 and it’s still ongoing.

Stage 2 was released few days ago. According to the recently released roadmap, @WheelOfWhales’s play-to-earn game will be front and center of this long-awaited airdrop allowing users to acquire up to 10% of the $Whale tokens’ total supply. Wheel Of Whales is said to have a unique gaming mechanism with multiple minigames, prize drops, and more. Compared to Stage 1, this game makes it much easier to claim tokens as users are able to play and earn any time.

“We’re firm believers that everyone should get a piece of the pie. That’s why we have designed our tokenomics and airdrops to ensure that all players have the possibility to gain enough tokens and participate in the wealth distribution” said by the CEO of Whale. 

Future plans of Whale

A surprising move from the Whale team is sharing their ambitions by releasing a public roadmap. The team is committed to setting a standard for transparency and building with the community.

According to their roadmap, $Whale token will be listed in Q1 next year and until that, users are able to use earned tokens in the Whale ecosystem for gameplay, merch stores, jackpots, loot boxes, and more. $Whale token listing is going to significantly increase the token’s visibility and accessibility, providing more opportunities for trading and liquidity to all token holders.

One of the most interesting things in that roadmap is the Token dashboard which is said to display business performance metrics on a public dashboard where everyone can see the real utility of $Whale token. They even mentioned reinvesting 10% of business profits to a token buy back program starting in Q2 next year.

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