Toncoin price prediction for October 2024: why whales are more focused on this TON rival below $0.10

As of now, Toncoin (TON) has grabbed a price of $5.53, however, it is worth noting that there are some negative aspects of the cryptocurrency.

After breaking above a strong barrier of $2.99 and rising high to a record of $8.28, the digital asset is now handling a dilemma, it is dropping and it may drop down to relieve the restriction around $2.99.

This is important for the investors and the traders. As the price of Toncoin is on the verge of this drop, it has been observed that the big investors doing the activities in the crypto market are now aiming their attention towards another potential project Rexas Finance (RXS). Why?

Simply because it is currently less than $0.10 and has the potential of being the next breakout token that can attract both retail and institutional buyers.

Here’s everything you should know to understand why whales are interested in Rexas Finance and how to join in.

Is this the end of Toncoin? A prediction of Toncoin for October 2024

Let’s start with the technicals of Toncoin (TON). The coin has had a great run, going past $2.99 and reaching its ATH of $8.28.

As much as many traders may want this to happen, in this circle of technical analysis, they will have to fill in some voids and go back to some previous supporting price levels. This is not exactly bad news—as far as market behaviour is concerned.

For TON, this is retesting an area of former support which is now turned resistant and all arrows point towards a decline into the $2.99 region as it retests.

From a long-term investor’s perspective, this can also be such a bad drop to be labelled as a buy-the-dip moment.

But for the deep-pocket whales who are all about making the maximum returns out of any investment, the expected fall in the value of TON is forcing them to go in search of more elusive and rewarding returns.

To that end, Rexas Finance (RXS) comes into play.

Why whales are turning to Rexas Finance (RXS)?

Rexas Finance (RXS) is currently in presale stage 3 and is priced at only $0.050 which is also the reason for the believed bargain appeal on the cryptocurrency.

Further adding that others in the same market say Rexas Finance will start gaining momentum at a rapid rate. After progressing 25% adrift stage 2 which costs a value of $0.040, the prospective launch price is ideally set at $0.20 and investor gains would be essentially 300% higher than the current price by the time the RXS token is listed.

Also, experts have projected that Rexas Finance could break out by 3600% to hit $7.2 after it starts trading. However, what are the potential factors causing people to get attracted to Rexas Finance?

The answer is contained in its tokenization of real-world assets. RXS facilitates users in acquiring fractional interests in real estate, commodities, artwork, etc.

Now, imagine that from your home, you can buy a share of a luxury apartment in Tokyo or a beachfront house in Bali without having to bother about owning a property or a lot of money.

You would think this concept is both catchy for the average retail investors; think again it is also attracting whales as well.

There isn’t a project out there that does this that doesn’t forgo all substance and is all focused on speculation – there is one however, which allows for the tokenization of real-world assets, offering value.

Whales, in Rexas Finance, are even able to see its long-term prospects in the, it will have real-world utility and markets which are in comparison biased towards when the token will start trading in the exchanges.

Final words

There probably was a time for Toncoin to shine, however, Rexas Finance is already positioning itself as a formidable threat.

In the presale phase alone, its transformative real-world asset tokenization strategy, and a rapid presale development are enough to expect an explosive increase in RXS.

If you are on the lookout for the next big investment in cryptocurrency, then you have probably found it in the form of Rexas Finance — that is, until the opportunists jump in.

This is the ideal moment to buy it at under $0.10 before that chance is gone!

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 Toncoin price prediction for October 2024: why whales are more focused on this TON rival below $0.10 appeared first on Invezz