With the onset of 2024’s last quarter, it can be observed that the trends in the cryptocurrency market are becoming increasingly interesting. In particular, Dogecoin (DOGE) seems to be poised for interesting developments despite the over 30% drop in its price, Cardano’s (ADA) future remains a guess but with some room for hope and Rexas Finance (RXS) keeps the impressive upward movement after the fantastic presale which raised more than $2.75 million in Presale Stage 3. Here is how each of these cryptocurrencies has fared in view of its served purpose as well as looking into the future.
Dogecoin Whale Activity is a Positive Signal
Even after a huge price correction, the amount of whale accumulation in Dogecoin (DOGE) has been on the rise, which is a positive factor for the future of the meme coin. Last week, Dogecoin fell by more than 20% on Saturday selling for $0.1321 and falling on Tuesday to $0.1026. Even after this dip has chased away some retail investors, the data from the blockchain and the professionals say that this recent dip may not be so detrimental to DOGE. Sentiment, an on-chain analysis company, says that the network activity of Dogecoin has reached certain milestones regardless of the price fall. Whale activity is worth emphasizing. On September 28, 1203 transactions of more than $100,000 each were made, this is the largest volume since May 26 to 28. These transactions could mean that whales may not have given up on Dogecoin yet, and this may bring the much-desired attention back soon. Some crypto analysts also note the probable causation of bullish MACD crossing over the implicating price positive position on the weekly chart. Historical MACD crossovers for Dogecoin have led to price increases of between 90 and 180%, which gives the basis for optimism that the meme coin will rebound, should circumstances in the market be favourable. While Dogecoin’s recovery may be supported by the activity of this whale and a potential reversal of the technical trends, as always, the forecast is uncertain, due to high volatility and dependence on social media for memecoins.
Will Cardano Bounce Back in Q4?
Cardano is set to witness a reversal in performance factors in Q4 2024 after it has gone through a difficult year (YTD) performance in 2023. In Q3, it was reported that ADA was unable to maintain certain critical support levels and the price fell by almost 18%. This leads to a question as the calendar year reaches an end: will Cardano come back from the dead?
There are reasons to believe that ADA will be able to rise properly over the next few months. From a technical standpoint, the market is neutral with buyers and sellers evenly balanced, the MACD indicator is, however, on a slightly depressed trend. For ADA to get out of this range, it has to retake critical resistance from $0.42 – $0.45 which will provide enough bullish pressure to see a strong push to the upside. Emotional factors equally are mixed with other such factors such as appreciation of the altcoins being influenced by external factors such as volatility in the overall crypto market and other economic challenges. Given the historical price predictions for Cardano, one might predict that there will be a range of $0.33 – $0.40 for the value of the token for most of October. Should ADA overcome its technical limitations and find a more stable position within the market it will be ready to reach $0.47 on the year ending timeframe. However, it would be wise for investors to be cautious in the fourth quarter since there are various threats present that may inhibit such a recovery, including macroeconomic conditions and competition from altcoins.
Rexas Finance (RXS) Concludes Presale Stage 3 with Over $2.75M Raised
While some of the top coins have recently gone through extreme volatility and fluctuations, Rexas Finance (RXS), on the other hand, has done particularly well even in the presale market. After its third presale stage, the project on real-world asset (RWA) tokenization managed to raise more than $2.75 million ahead of schedule. All these versatile features regarding asset tokenization have also helped Rexas Finance supervisors to grab the attention of both the retail investors and the institutional ones. Rexas Finance is preparing a large market of asset tokenization by offering investors the opportunity to invest in fractions into expensive assets that were previously not available for ordinary investors.
The project’s strong presale performance can be attributed to several factors:
- Real-World Utility: Rexas Finance stands out from speculative crypto projects because it solves a tangible, real-world problem—making high-value assets more liquid and accessible. This utility has attracted a diverse range of investors who see long-term value in the platform.
- Presale Success: With each presale stage, the price of RXS has increased significantly, offering early investors an impressive 100% return by the end of Stage 3. The token’s current price of $0.06 represents a massive gain from the $0.03 presale starting price, and there’s still potential for more growth as Stage 4 approaches.
- Investor Confidence: Rexas Finance has continued to appeal to large whales and institutional investors, who are ready to leverage the growing popularity of the platform and the benefits of RWA tokenization. The $2.75 million raised in Stage 3 strengthens further the standing of Rexas Finance as one of the most attractive projects in this field.
As Stage 4 begins, it can be said that Rexas Finance will maintain a growth pattern. The analysts are now forecasting a commercially viable uplift of more than 6x for early investors, as the project is set for a surge in RWA interest.
Conclusion: What’s Next for Dogecoin, Cardano, and Rexas Finance?
As Q4 2024 approaches, the forecast issued in regard to Dogecoin, Cardano, and Rexas Finance is mixed yet still fairly optimistic. Whale activity in Dogecoin seems to suggest a recovery is on the way, while Cardano on the other hand has some key technical resistance to overcome to make a comeback. On the other hand, Rexas Finance is basking in the glory of the successful presale that has drawn great interest from investors as well as the unique position that it has in the market that will only get better as it transitions to the next phase. Such developments, in the opinion of investors, are important as the developments in each project are likely to create different opportunities and risks in the ever-evolving scene of cryptocurrency.
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