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Cardano (ADA) is not only famous for its cutting-edge technology but also possesses a devoted fan base made up of investors and developers. Nevertheless, even after a recent network upgrade, the ADA price has failed to catch on.
As of this writing, prices for ADA are around $0.40, and they do not seem to be going up as expected.
But why is ADA locked in such low prices and why now many ADA holders are looking for another coin, that is even below $0.08? Let us find out in this case.
Reason for ADA price stagnation despite progress made
ADA has progressed quite well with the above upgrade, one that enhanced the performance and scalability of this network.
However, its price remains obstinately stuck to the ground. ADA is finding difficulty breaking past the $0.42 resistance level, a crucial barrier it needs to overcome for any meaningful price rally.
Rather than skyrocket, the cryptocurrency has been stuck in a narrow range of $0.40 and $0.42 and most investors are at their wits ends.
ADA has been held back at this resistance level for some time, and these experts believe that ADA’s price could drop lower to $0.32, a support level that ADA at least tested shortly.
For investors with greed looking for a quick return, it has not been easy after the upgrade because no price jump happened.
Therefore, a lot of them are looking out for other altcoins which bring better chances of making good profits in a shorter span.
Rexas Finance (RXS): The altcoin making sweeping claims, steals spotlight from ADA
For Rexas Finance (RXS), however, it is little wonder that ADA holders who threw in the towel have started to receive new moonshot.
Currently valued at only $0.050 during the third presale stage, Rexas Finance is geared toward achieving its anticipated growth potential.
First selling at $0.030 in stage 1, it has progressed to $0.040 in stage 2 and now $0.050 in stage 3. If RXS is just $0.20 at launch, subsequently, those who invest now stand to gain a 300% return on investment when the coin launches.
This sudden jump in price made it possible for RXS to be the haven for the seekers of the next big thing that is below $0.08.
Justification behind the recent news about Rexas Finance strategy
Why do people fancy using Rexas Finance?
For one, the platform is disrupting the way individuals deal with real asset tokens (RWA) such as real estate valuation of an astonishing $379.7 trillion, gold worth $121.2 trillion in commodities whereby even art and collectibles trade seizures of $65 billion yearly.
People can do this with the help of Rexas Finance, for whom it is possible to buy and sell any at once or part of an asset’s worth, globally, tap a single button and it’s done.
However, the rexas token builder is also very customer-oriented and allows for real-world asset tokenization to participants without any programming language.
Furthermore, members also take advantage of its Launchpad facility which permits their tokenized concept money raising which is also an attraction to crypto lovers.
A Trillion-dollar market awaits
The total achievable market of Rexas Finance is targeting is several billion dollars which is great for initial investors.
The goal of this project is to focus on bringing reality in the world of assets to blockchain and incorporating into networks all assets thought of.
The system is very propose-oriented and quickly built supporting most of the relevant token standards including ERC-20, ERC-721, and ERC-1155.
Ending with this kind of amount of RXS tokens, Rexas Finance is well placed to establish itself as one of the leading competitors in the crypto area.
And if you are still undecided, their $1 Giveaway can be a good motivator. There will be 20 fortunate winners who are ready to walk away with $50,000 worth of USD each!
To enter, you just need to provide your ERC20 wallet address, finish all the quests, and encourage people to enhance your entries.
Conclusion
Even though the recent upgrade of ADA has not yet given investors the kind of price action that they were looking for, opportunities in the crypto space are plentiful.
Trading at only $0.050 at present, an investor in Rexas Finance (RXS) can expect to make 6x returns on their investments by the time the listing is done.
If you have been waiting for ADA’s rally and you are tired of sitting around, Rexas Finance may just give you the relief that you have been seeking.
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
The post Cardano price prediction: Why ADA price hasn't skyrocketed despite upgrade? Tired holders prefer this altcoin under $0.08 appeared first on Invezz
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