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Dogecoin (DOGE), Toncoin (TON), Rexas Finance (RXS) Ready for ‘Uptober’ while Tron (TRX) Battles Bears

Great October comes, and the excitement fever is all over the cryptocurrency market, some contenders are ready for what is being termed ‘Uptober’ by the investors, a term closely associated with a rise in the prices of coins. Out of Dogecoin (DOGE), Toncoin (TON), and Rexas Finance (RXS) underscore an increased potential for good performance, while Tron (TRX) seems to be under bearish pressure. Let’s move to the analysis of these assets and amp up their price prediction for the month.

Dogecoin (DOGE) 

Frequent reference to the Dogecoin meme coin has proved crucial to the developments of recent weeks. In the weeks that come after the recent rate cut by the Federal Reserve, most market analysts are predicting further cuts will happen, and this for sure is favorable for cryptocurrencies. Especially crypto analyst Ali Martinez is one of the fans of this meme coin and wants to see how this crypto coin is performing. By evaluating his analysis of the DOGE/USDT candlestick, it can be seen that the price of dogecoin started to drop after reaching a high of $0.22 in April 2024.Martinez notes that the Relative Strength Index, one of the key momentum indicators, had been moving within a downward trend line and this constrained any bullish moves for the coin. However, the recent fresh inflows into the cryptocurrency ecosystem have enabled the RSI of Dogecoin to move past this psychological resistance, suggesting that the trend may be changing towards the bulls. In the opinion of Martinez, in case DOGE managed to rally above the important psychological level of $0.11, it will skyrocket further warranting a rally with which the rest of this year will be defined.The current price predictions indicate that the Dogecoin price is expected to appreciate by around 3.65% in 2024 and make a high of $0.107282 by the end of October 2024. The bullish sentiments at the moment coupled with a market sentiment of ‘greed’ which has moved to suggest it is greed at level 61, many consider it a good opportunity to buy Dogecoin since its price volatility has remained low at about 4.53% within the past 30 days. 

Toncoin (TON)

Toncoin has been on an impressive run in 2024, primarily owing to the established internalization of its operations within the Telegram ecosystem. However, such fun needs also help to promote Toncoin, and several game developers are preparing to carry out ton-based token airdrops soon. This one has also been managed well by Hamster Kombat, which issued their HMSTR on Binance after the pre-sale ended and gained as listed through Binance Launchpool.Also, to propel the activities on the TON blockchain, the CATI token was recently launched. It is linked to a Telegram minigame “Catizen” available on the TON Blockchain and Mantle Layer 2 platforms. In addition, the institutional interest in Toncoin remains notably high, with Bitget and Foresight Ventures buying $30 worth of TON tokens from Whales. This type of loyalty to the ecosystem is rather unusual but it gives Toncoin the edge over the rest, along with the sub-area.The price forecast for Toncoin remains very optimistic, where the maximum potential forecast estimates that the price of the asset would increase to $19.30 by 30.05%. While for now the prevailing mood for TON is neutral, the Fear & Greed Index clocks ‘greed’ at 61, and Toncoin managed a remarkable 6.40% price volatility over the past thirty days. Now, given that 57% of the days have been favorable, it could be the best time for Toncoin investors to invest in the asset for their portfolios. 

Rexas Finance (RXS)

Rexas Finance is another cryptocurrency expected to do extremely well this October. The platform has established itself as a first mover in the Real World Asset (RWA) tokenization ecosystem, enabling people to easily create, manage, and trade asset-coupled tokens in a safe and easy-to-use platform. Rexas Finance’s goal is to make blockchain technology and the ownership of real-world assets attainable to the general populace by taking out the complexities involved in the tokenization process.The current presale of Rexas Finance has remained a topic of great discussion and at Stage 3, they are selling at $0.050 per RXS token. Investors are enthusiastic owing to the growth possibilities since analysts expect that early investors can make 15x their investments. The commitment of the platform to safety and compliance with the law makes it possible for contractors and retail players to play. A further instigator is the Rexas Millionaire Giveaway that rewards 20 investors with a chance to win $50,000 in USDT, which has only helped in enhancing the passion for the project.Rexas Finance is likely to keep going up more if these trends continue, particularly as it is headed to the next stage of the presale where the tokens are going to be priced at $0.060. At the moment, the platform has already collected $1,771,702, and over 45 million were sold out in tokens. In light of these happenings, Rexas Finance falls into the category of all investors looking for great prospects in RWA tokenization.

Tron (TRX) is Dealing with Sell-Off Pressure

In contrast to the other assets, Tron (TRX) has lately been under pressure as it has been unable to preserve the upward movement that was attained even after a 96% increase in value last year. Tron found itself in trouble in the middle of the year, where it peaked at $0.169 in 2024, after which it has been suffering bearish pressure at the moment as key indicators such as the RSI and the MACD are in the overbought region sign of a reversal coming soon.Crypto experts were of the view that the failure of Tron to surpass the last hurdle on price may bring about extreme drops in prices. The reduced turn of the market to meme coins as well as the overall market outlook having all investors on edge has been detrimental to Tron. Current caveats indicate that the projection of survivance will decrease to about 14.44 % and by the end of October 2024, ceny TRX will be $0.132109. Nevertheless, the current TRX’s Fear & Greed Index recorded ‘fear’ at 31, with 12 days under red during the past 30 days.Even though the situation in the market continues to be as civilized, Tron’s contest against the downward trend makes it a cut from a relatively optimistic stance to buy up Dogecoin, Toncoin, as well as Rexas Finance. They would point to the fact that Tron may survive this, though the price of TRX would remain under pressure for the coming weeks, prompting investors to exit positions.

Conclusion

Now that autumn begins, there is a good chance to forecast what the month of October may be like in the cryptocurrency market. Whereas Dogecoin, Toncoin, and Rexas Finance seem to be taking advantage of “Uptober,” Tron is struggling with the bearish sentiment. Given the price forecasts on DOGE, TON, and RXS as likely appreciating, it means that in the next few weeks, the said assets may make good returns to investors. As for TRX, though, the path looks rather difficult and still has a long way to go.

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