SHIB burn rate spikes by 1436.03%, burning over 18 million tokens in 24 hours. The Shiba Inu team hints at a potential 1000% surge in the next 2-3 days. Shiba Inu ($SHIB) is showing strong momentum, with price indicators hinting at a potential rally. Over the past 24 hours, $SHIB has surged by over 4.78%, bringing the price to $0.00001789, according to CoinMarketCap data. This comes in the wake of an increased burn rate and ongoing developments in the Shiba Inu ecosystem, including Shibarium’s growing success. As the burn rate accelerates, the overall $SHIB supply continues to decrease, potentially leading to higher demand and a price surge. The SHIB burn rate has spiked by 1436.03% in the last 24 hours, with 18,439,689 SHIB tokens burned in this period. A notable recent burn transaction included 1.5 million $SHIB. As the burn rate intensifies, the circulating supply of Shiba Inu tokens decreases, creating a deflationary effect. This reduced supply is expected to drive prices upward, especially with rising interest from the SHIB community. With 589.27 trillion tokens currently in circulation, further burns could significantly impact the token’s future value. Technical Indicators Signal Bullish Momentum for SHIB Technical analysis on the SHIB/USDT trading pair further supports bullish sentiment. The chart shows that the price is steadily climbing back up after a period of consolidation. The current resistance level stands at $0.00001813, while the support level is around $0.00001715. If the resistance is breached, the next resistance level would be around $0.00001900. On the downside, if the price falls below the support, the next support would be at $0.00001650. Moving averages indicate a potential breakout, with the 9-day moving average at $0.00001743 and the 21-day moving average at $0.00001715. The 9-day moving average crossing above the 21-day moving average signals a bullish trend. This crossover suggests that buying pressure may increase, potentially pushing the price higher in the near term. Additionally, the relative strength index (RSI) is at 59.06, with the RSI average at 57.84. The RSI remains close to overbought territory but still provides room for more upward movement. If the RSI crosses above 70, it could indicate that the asset is overbought, signaling a potential correction. Meanwhile, the Shiba Inu development team has hinted at an explosive price surge in the next few days, possibly driven by upcoming developments or announcements. Moreover, they hinted that $SHIB could see a major upward move within the next 2-3 days. Coupled with the ongoing token burns, this could lead to a significant price increase, potentially as much as 1000%, as speculated by some community members. Highlighted Crypto News Today Are Bulls Ready to Drive Ethereum (ETH) to $2,500?

The global crypto market rebounded 2.5% following the stronger-than-expected CPI data. Bitcoin climbed to the $63K zone, catalyzing rallies in various altcoins. Currently, it is trading at around $62,848. After a week marked by mixed sentiments, the cryptocurrency market has bounced back positively, particularly following the release of the Consumer Price Index (CPI) data for September. The CPI rose by 0.2%, while the core CPI increased by 0.3%, both exceeding expectations. This data has led analysts to believe that the Federal Reserve is unlikely to cut interest rates by 50 basis points in November, and they may even decide against trimming rates altogether. As a result, the global crypto market cap surged over 2.5%, reaching $2.2 trillion. Bitcoin (BTC) took the lead, climbing to the $63K zone, and propelled rallies among various altcoins. This momentum sets a hopeful tone for October, often referred to as “Uptober,” known for its potential price increases. Global Crypto Market Cap (Source: CMC) Bitcoin and Altcoins Surge Amid Positive Market Sentiment In recent trading, Bitcoin peaked at $63,400, although it has seen slight fluctuations, currently trading at around $62,848 as per CMC data. Ethereum (ETH) also displayed a modest rise of 1.45%, trading near the $2,450 mark. This positive trend has rippled through the altcoin market, with Avalanche (AVAX) seeing an impressive jump of over 10%, moving from a low of $26.37 to a high of $28.98. Other cryptocurrencies, such as SUI, also rose by about 12%, reaching $2.16 from $1.93. Major players like XRP, Solana, and BNB recorded increases between 3% and 4%. Even memecoins are enjoying the spotlight. Dogecoin (DOGE) rose by 3% to $0.1112, while Shiba Inu (SHIB) climbed 5% to $0.0000179. Other leading memecoins, such as PEPE and Dogwifhat (WIF), have also experienced notable gains, rallying 7% and 8%, respectively. Furthermore, the relatively new meme coin Popcat (SOL) hit an all-time high of $1.49, surpassing FLOKI in value. As the market shifts gears, investors remain optimistic about the potential for further gains this month. Highlighted Crypto News Today Are Bulls Ready to Drive Ethereum (ETH) to $2,500?

According to data from CoinMarketCap, Bitcoin (BTC) gained by 4.08% in the last 24 hours as it briefly traded above the $63,000 price mark. Notably, this price rise comes following a decline that saw the market leader trade below $59,000 on Thursday. While the market sentiment is currently bullish, certain conditions are needed to procure an actual bullish breakout. Bitcoin On The Brink Of Short-Term Bullish Run Following Bitcoin’s price ascent to around $62,000 on Friday, CryptoQuant analyst with the username Yonsei_dent shared a key insight on the asset’s potential price movement. In a Quickake post, Yonsei_dent highlights $62,700 to be the key price level for short-term holders i.e. $62,700 represents the average price at which many short-holders acquired Bitcoin, which the analyst states has remained consistent for the last three months. Therefore, this presents a critical price level for BTC, a movement above which signals a change in a market shift and can spur buying activity from short-term holders. However, Yonsei_dent notes that Bitcoin needs to rise above $63,000 to initiate a significant bullish momentum over the coming weeks. Since this price commentary, Bitcoin has traded above $63,000, albeit temporarily before retracing to around $62,300. This brief breakout can be traced to a lack of significant trading volume, a condition critical to the short-term bullish breakout deceived by Yonsei_dent. Currently, Bitcoin’s trading volume is valued at $30.75 billion, however, reflecting only a minor 2.94% gain in the last 24 hours. If the price of BTC returned above $63,000 with a marked increase in trading activity, the premier cryptocurrency could rise to around $67,000, at which lies its next significant price resistance level. Bitcoin Approaches Critical November In contrast to popular sentiments, Bitcoin has so far experienced a rather tumultuous experience in October. And while the crypto market leader may eventually pull off an “Uptober”, November is shaping up to potentially provide the needed bullish drivers for the BTC market. Firstly, investors expect the Federal Reserve to implement a 25 basis points cut which would avail more liquidity for volatile assets such as Bitcoin. Furthermore, the upcoming US elections have also gained significant influence in the crypto market with digital asset regulation becoming a major policy discussion. If pro-crypto Republican candidate Donald Trump secures victory over Vice President Kamala Harris, analysts are hopeful the Bitcoin bull run will finally take off. At the time of writing, Bitcoin trades at $62,697 reflecting a 1.07% gain in the last week.

Ethereum currently trades at $2,463.82 with a 2.13% daily increase. A $Neiro trader missed a 16,690x potential return after selling early. Ethereum is currently trading at $2,463.82, marking a 2.13% increase over the past day. Despite this upward momentum, trading volumes decreased by 16.84%, reflecting a drop to $12.53 billion. Ethereum’s market cap now sits at $296.6 billion, contributing to the broader crypto market’s recent recovery. A trader bought 8.41 billion $Neiro tokens for just 0.32 ETH ($1,000). He sold all the tokens for 9.98 ETH, making $32.4K, a 30x return on investment. However, had he held onto those tokens, they would now be worth $17.5 million, delivering an astonishing 16,690x return. In contrast to the bullish sentiment around Ethereum’s price, the Ethereum spot ETF recorded a net outflow of $97,100. Although small, this reflects cautious investor sentiment. ETFs offer more secure exposure to Ethereum, yet the market remains mixed as traders balance short-term market movements with long-term gains. Continuous outflows may weigh on Ethereum’s price, but overall market conditions remain largely positive. Ethereum (ETH) in the Current Market From a technical perspective, Ethereum shows potential for more upside. The price is currently near resistance at $2,500, as seen from the recent candlestick patterns. If this resistance is breached, the next significant level is around $2,550. However, failure to break higher could push prices back to support at $2,420. Key moving averages, such as the 9-day simple moving average (SMA), stand at $2,421.34, indicating short-term strength. The recent crossover of the 9-day and 21-day moving averages suggests a slight bullish momentum. The RSI is at 49.31, indicating that Ethereum is in a neutral zone, neither overbought nor oversold. However, the RSI’s 14-day average of 45.63 implies some bearishness lingering in the market. A move above 50 in the RSI could signal further price gains. Ethereum’s price action shows both potential for upside and cautionary signals, depending on key resistance and support levels, ETF sentiment, and overall market conditions. Highlighted Crypto News Today Popcat (SOL) Hits New All-Time High as Bulls Gain Strength

Popcat (SOL) surged 16.41% to a new all-time high of $1.49 after bouncing from an intraday low of $1.28. The global crypto market rose by 2.46%, reaching a total value of $2.19 trillion. Bitcoin (BTC) has surged back to the $62.5K mark with a 4% rally, and leading altcoins are following the upward trend. Memecoins are also experiencing notable gains, with Dogecoin (DOGE) and Shiba Inu (SHIB) seeing gains between 4% and 10%. However, one memecoin has taken the spotlight—Popcat (SOL), which has soared over 16.41% and reached a new all-time high of $1.49, climbing from an intraday low of $1.28. Also, Popcat’s rank has risen and now holds the position of the 6th largest memecoin, surpassing FLOKI. Popcat (SOL) Shows Positive Trend Amidst Volatility Popcat (SOL) has been trading in a rangebound pattern since hitting its previous high on October 7. The token’s price has been quite volatile; it started the week at $1.21 and quickly rose to an all-time high of $1.47 before dipping to a weekly low of $1.11. It has since rebounded and set a new record high at $1.49. Although Popcat has slightly retraced, it still remains strong above the $1.40 zone. At the time of writing, Popcat (SOL) is priced at $1.44, with a market capitalization of $1.40 billion. Additionally, the daily trading volume has increased by around 16% to $169.40 million, reflecting high market activity. Much of this activity is driven by traders looking to capitalize on the token’s price swings. Popcat (SOL) Price Chart (Source: TradingView) From a technical view, Popcat (SOL) is in a bullish phase and may still have room to grow. The Relative Strength Index (RSI) is currently at a neutral 65, indicating a balance between buying and selling pressure. The MACD indicates upward momentum, suggesting that Popcat may push to $1.50 or even $1.53. However, if the momentum fades, the token could revisit the $1.40 or even $1.24 levels. Highlighted Crypto News Today Avalanche to Buy Back 1.97M AVAX from Luna Foundation Guard

Cardano (ADA) is currently trading near its yearly lows after months of underwhelming price action. Since early August, the price has struggled to hold above the crucial $0.36 level. This shift has left ADA in a precarious position, with investors and traders watching for signs of a potential recovery. Data from IntoTheBlock highlights a significant drop in whale activity over the past month, raising concerns about further downside pressure. The decrease in large transactions suggests that major holders may be stepping back, adding to the likelihood of a deeper correction for the altcoin. If ADA fails to break above the $0.36 resistance in the coming days, a 30% retrace to lower demand levels seems inevitable. Market participants are awaiting confirmation of either a breakout or further declines as the broader market remains uncertain. The next few days will be crucial for determining Cardano’s short-term direction. Cardano Whales Leaving Early? Cardano is at a crucial liquidity level, with on-chain metrics indicating a potential for further decline, especially given the significant decrease in whale activity. Recent data from IntoTheBlock highlights a concerning trend: ADA whales, or large investors, have increasingly sold their holdings over the past month. This trend is evident in the 100% fall in ADA’s large holders’ netflow, which refers to the balance between the amount of the coin these addresses buy and the amount they sell. Large holders are addresses with over 0.1% of Cardano’s circulating supply. When the flow declines, these investors sell more coins than they buy, signaling a potential loss of confidence in Cardano. This lack of confidence often trickles down to retail investors, leading them to sell their holdings. The drop in ADA’s whale concentration over the past month confirms this selling activity, raising concerns about ‘Smart Money’ potentially exiting the Cardano ecosystem. If this trend continues, it could push ADA below its current liquidity level, resulting in a deeper correction. Market participants are closely monitoring these developments, as the exit of large holders could signal a bearish sentiment that may lead to a significant price decline. As Cardano navigates this critical phase, investors will watch for signs of recovery or further weakness in the coming days. Key Levels To Watch Cardano (ADA) is currently trading at $0.35 after experiencing days of choppy price action below the critical $0.36 resistance level. The price is 15% below the 1D 200 exponential moving average (EMA) at $0.40, a key area of resistance that bulls must overcome to reverse the prevailing downtrend. This crucial level was lost in April, and since then, ADA has failed to close above it four times. If the price continues to struggle, a deeper correction to fresh yearly lows at $0.25 could be in store. Such a move would represent a significant 30% retracement from current levels, further intensifying bearish sentiment in the market. Investors are aware of these critical price points, as a failure to reclaim the EMA and break through the $0.36 resistance may lead to increased selling pressure. Traders will look for signs of strength or weakness in ADA’s price action to determine the likelihood of a potential breakout or a more profound decline in the coming days. Featured image from Dall-E, chart from TradingView

A crypto analyst has offered an update on their analysis, predicting the Bitcoin price to climb to a new all-time high in the coming months. What’s Next For Bitcoin In October? In a September 23 post on X, crypto analyst Ali Martinez put forward an interesting prognosis on the current price action of Bitcoin and its future trajectory. According to the pundit, the premier cryptocurrency looked set for a bullish breakout — albeit not in a straightforward move. In his forecast, Martinez said that the price layout (at the time) could see Bitcoin fall to the $60,000 level and then make a comeback to $66,000. Following the recovery, a deep correction would see the market leader slump to $57,000 before rallying to a new all-time high of $78,000. This projection is based on the formation of a descending channel pattern on the daily Bitcoin price chart. A descending channel is a technical analysis chart formation characterized by two major trendlines; the upper line acting as the resistance level and the lower line acting as the support level. The space between these trendlines serves as the channel within which prices over a period. Typically, the formation of a descending channel suggests the persistence of a downward price trend and lower highs. Meanwhile, traders can use this pattern to identify optimal entry and exit points. For instance, a descending channel can be used to confirm the continuation or reversal of a market trend. If a breakout occurs to the upside of the upper trendline, it may imply a shift from a downtrend to an uptrend. Meanwhile, a breakout across the bottom trendline is a trend continuation signal. In a new post on the X platform, Martinez provided an update on the $78,000 forecast, confirming that the Bitcoin price dropped to $60,000 before jumping back to $66,000. Following the latest correction to around $59,000, the next move for the premier cryptocurrency seems to be the breakout rally to $78,000. Contrary to general expectations, the price of Bitcoin has not exactly shined in the historically bullish month of October. However, this latest projection shows that the “Uptober” month could just be starting for the flagship cryptocurrency. Bitcoin Price At A Glance As of this writing, the price of Bitcoin sits just beneath $63,000, reflecting a 5% increase in the past 24 hours. This latest rally represents a price recovery as the premier cryptocurrency has been under intense bearish pressure over the past week, falling as low as $59,000 at some point. According to CoinGecko data, Bitcoin is up by 1% in the last seven days. Featured image created by Dall.E, chart from TradingView

Avalanche Foundation repurchases 1.97M AVAX tokens from Luna. The move protects the tokens from liquidation during LFG’s bankruptcy. The Avalanche Foundation has successfully negotiated an agreement to repurchase 1.97 million AVAX tokens from the Luna Foundation Guard (LFG). This repurchase is significant, as it aims to reclaim tokens that were originally sold to LFG in April 2022. However, the deal is currently pending approval from the bankruptcy court overseeing LFG’s financial proceedings. This move comes as a strategic decision by the Avalanche Foundation to protect these AVAX tokens from the potential risk of liquidation. LFG faces bankruptcy, raising concerns that these tokens could become part of the assets liquidated by the bankruptcy trustee. By repurchasing the tokens, Avalanche ensures that it will not violate the original agreement regarding their use. This move allows Avalanche to maintain control over how the AVAX tokens are handled Avalanche Enhances Ecosystem Stability Once the court approves the agreement, the 1.97 million AVAX tokens will be returned to the Avalanche Foundation’s holdings. This step will restore the foundation’s control over these assets, reinforcing its ability to support future projects and the overall growth of the Avalanche ecosystem. The foundation is taking this initiative to ensure stability in the token’s value. Also to safeguard it from the complications that can arise from bankruptcy-related liquidations. By bringing the tokens back into the foundation’s control, Avalanche reinforces its capacity to support ongoing development efforts, including upgrades to its blockchain infrastructure and other ecosystem initiatives. This proactive approach aims to ensure that the AVAX tokens will remain secure and available for the foundation’s future use. The court’s approval will finalize the process, marking a significant milestone in the foundation’s efforts to ensure its ecosystem’s continued success. Additionally, this move will bolster investor confidence as Avalanche works to safeguard its position in the highly competitive cryptocurrency market. Highlighted Crypto News Today Will Bitcoin Break Through $65K After Its Recent Surge?

Bitcoin (BTC) climbed from a low of $60,548 to a high of $63,400, currently trading around $62,656. The global cryptocurrency market rebounded with a 2.92% increase to $2.92 trillion. The global cryptocurrency market saw a notable rebound early Saturday during Asian trading hours, recovering from previous lows with the total market cap rising approximately 2.92%. This surge was largely driven by Bitcoin (BTC), which displayed an uptick of 4.71%. In the last 24 hours, BTC’s price fluctuated from a low of $60,548 to a peak of $63,400 before slightly retracing to $62,656, with daily trading volume hitting $30.33 billion. Following a volatile week, investor sentiment appeared resilient as concerns over rising inflation eased, allowing attention to shift toward a crucial fiscal policy update from China. Bitcoin’s price had already climbed 7.59% from Thursday’s low of around $58,930, breaking the trend of previous days where gains were often turned over during U.S. trading hours. Additionally, recent U.S. Consumer Price Index (CPI) figures came in lower than anticipated, while the SEC’s ongoing enforcement actions against crypto firms have added to market unease. Analyzing Bitcoin’s Recent Price Fluctuations As of now, Bitcoin remains well below its all-time high of $73,750, which was set in March. It had been approaching the $67,000 mark at the end of September but has remained volatile, oscillating between the $64,000 and $59,000 levels for the past three weeks. Further, over the past week, Bitcoin displayed sharp volatility followed by swift pullbacks. It notably moved within defined ranges above $63,000 and below $60,000. The most significant price movement occurred between October 6 and 7. During this period, BTC reached $64,443 before a sharp selloff pushed it back into a downward trend. Nevertheless, technical indicators suggest bullish momentum for Bitcoin, with both the MACD and signal line indicating potential upward movement. Additionally, BTC has an RSI of 57, indicating moderate buying pressure and a neutral market position. As a result, Bitcoin’s price may rise to $64,500. If it stabilizes and exceeds $65,000, it could lead to further increases above $66,000. According to Bitcoin price prediction, in 2024, it has been trading within several key ranges. Notably, these ranges include $71,700 to $68,800, as well as $65,400 to $53,900.

Cryptocurrencies have undergone several twists and turns due to the uncertainty that surrounds this market, and there are likely few other projects that are as fickle as Ripple (XRP). Some altcoin projects have entered the hub of cryptocurrency such as Rexas finance ( RXS), themselves acting as if they will grow up as one of the big shots.While some market players are skeptical at the current price of Rexas Finance (RXS) which is less than $0.10, others believe it can surge to increase by 4000% by the year 2025. This begs the question: will Rexas Finance (RXS) eclipse Ripple (XRP)? Ripple (XRP): Regulatory Constraints and Stagnant Growth Initially, Ripple (XRP) wanted to revolutionize cross-border payments. However, for instance, the legal roadblock posed by the lawsuit from the SEC against the company claiming that the company’s XRP coin is a security has also constrained the potential of the company. While Ripple is still working on the defeat of that particular legal action, it must be said that the ongoing legal processes have created an overbearing cloud over the potential for the growth of XRP. Even though the demand for XRP is quite high and the market responds well to such currency, its price is virtually unchanged at $0.53 where the maximum in the previous 52 weeks was $0.38. There has been no price movement and investors have been disappointed, especially in recent months as the rest of the market seems to be on an uptrend. Rexas Finance (RXS): The Altcoin Under $0.10 Contrasting to regulatory woes faced by Ripple, Rexas Finance (RXS) precariously took off with the emergence of its system on asset tokenization. By enabling lessees to obtain fractional shares of real property such as buildings, valuables, and assorted goods, Rexas Finance cuts down the barriers to ordinary investors joining previously illiquid markets. This practical application compliments the gradual evolution of Rexas Finance and therefore distinguishes it from the horde of the other altcoins. As per its presale stage 4, Rexas Finance has also raised the sum of over $2,750,000 including the demand that has raised the price of RXS to $0.06 which is expected. The ever more people buy this promising new altcoin and there would be a lot of who claimed that RXS would even surpass Ripple in terms of how much they would be priced and how relevant it would be. Can Rexas Finance (RXS) Eclipse Ripple (XRP)? Given the situation of both projects, it is becoming more plausible that Rexas Finance (RXS) will be able to overshadow Ripple (XRP) soon. While Ripple is still caught in a web of legal battles, on the other hand, Rexas finance is moving forward and capturing positions in the crypto investors. The debate is no more whether Rexas Finance Limited can be compared with Ripple but the capacity of it surpasses the latter. Moreover, a fascinating example of mass adoption in the future is offered by Rexas Finance’s real-world asset tokenization. With Rexas Finance’s platform, investors do not need to look further in search of a relatively safer and more effective way of investing in real assets. This advantage is also over that of Ripple, a project with great potential in cross-border payment, which is still getting plateaued by external factors. Why Rexas Finance (RXS) Could Soar 4,000% by 2025 Market experts predict that Rexas Finance (RXS) could be able to gain a 4,000% price growth by 2025 due to several market-related factors. Of these, the most appealing one is the focus of the project on the problematic, yet potentially highly lucrative market of tokenized real assets, a market that appears to be expanding as more investors want to invest in tangible assets on the blockchain.The third factor that supports the efforts in financing Rexas Finance is its performance in the presale which was remarkable and indicated that investors had faith in the project’s future returns. Previous presale phases having run out within a short period and the amount of money collected so far demonstrate that Rexas Finance is establishing a good base for growth. In addition, Rexas Finance (RXS) is currently being sold at a low price, an opportunity that lets early investors come in before the token appreciates considerably. At this low price level of $0.06, RXS is still in its infancy stage, but going by their prospects and increasing demand, the token may sell at $2.40 or more soon. This would be a 4,000% increase and therefore great profits for those who invest early would be guaranteed. The $1 Million Giveaway: Strengthening the Community In addition, Rexas Finance has initiated an award fund, which is expected to be worth $1 million and motivate the ever-increasing community of supporters. This initiative allows 20 winners to win RXS tokens whose value adds up to a whopping $50,000. As of now, over 99,000 participants have signed up for the campaign, and with the deadline being 118 days, there is still room for new investors. Conclusion As Ripple (XRP) tackles legal issues and a lack of price change, Rexas Finance (RXS) is rapidly emerging as an altcoin that will likely eclipse XRP within the short term. Rexas Finance is a very promising investment opportunity aiming to tokenize real-world assets, which has a strong presale, and price forecast to raise 4000% by 2025. 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 Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

The talk in the cryptocurrency world is that Rexas Finance (RXS) might be the next boost in the blockchain revolution and it just may follow suit with Ethereum (ETH). As Ethereum came up and became the go-to platform for dApps and intelligent contracts, Rexas Finance intends to take the number one position in the field of Real World Asset (RWA)-backed tokens. Since the tokenization of the real estate market is projected to come into the limelight in the years to come, most believe the growth of Rexas Finance will exceed an exponential curve by 2025. Here are four key catalysts driving its potential to skyrocket. Transforming the Tokenization of Real-World Assets So far the single most convincing reason for Rexas Finance’s prospects is that it is leading the way in the little-known area of tokenization of the Real World Assets (RWA). Whereas Ethereum is known for smart contracts and various Dapps, Rexas Finance aims at revolutionizing asset maximalism to include property, art, raw materials, and their trades in the blockchain ecosystem. By digitizing possession of real-world valuables and making them a token, Rexas Finance can create a new form of investment.Tokenization of assets provides such a luxury as fractional ownership when investors can purchase not the whole property but its smaller shares, such as expensive real estate or an art piece. This does increase the liquidity of an investment but also widens the range of assets available for potential investors who would otherwise be hounded by high installment requirements, which for instance, were only restricted to the rich and institutions. This democratization also resonates with the imaginations of the initial supporters of Ethereum who wanted to build applications on it.The specialization that Rexas Finance is demonstrating in this frontier of blockchain technology bodes well for the asset management industry concerning the next generation. It’s self-evident that more and more people become aware of tokenization of real-world assets and understand its benefits the same as those who understood the change that Ethereum brought to the DeFi space. Notable Rise In The Demand In The Initial Stages Of The Presale The second catalyst that enhances the prospect of Rexas Finance exploding is the remarkable demand that was observed in its early presale stages. In Stage 3 alone, the project has pulled in $2,750,000, which closed earlier than anticipated owing to the unhealthy surge in interest. Given that the tokens are currently selling at $0.06 and that the next presale stage price will be increased, there is a rush of entrants into the project anticipating high profits. The reason why this stage of the presale has been closed in advance like the previous ones is the excessive demand for RXS tokens. Enthusiastic early-stage investors have already internalized that Rexas Finance is a breakthrough platform in the sense that it has a bright future. This in particular is coupled with a fair chance of most ‘early presale stages’ inflationary trends and price increase actions, which will see Rexas finance operate in similar patterns as that of Ethereum at its early stages of operation. The Rexas Ecosystem: Intuitive and Easy-to-Use The possible appreciable growth of Rexas Finance can also be explained with the help of its ecosystem. Where the success of Ethereum was based on a large ecosystem of dApps, DeFi protocols, and dex, it is about Rexas Finance that now presents and continues to build a great, easy-to-use platform to enable proper asset tokenization. The Rexas platform makes the procedure for the development, management, and trading of asset-backed tokens very easy, even for users without much technical know-how. It possesses features that enhance asset tokenization by individuals and corporations, which are the reasons why the adoption of this technology is not as common as it should be Insufficient barriers are in place. Moreover, the platform also emphasizes the issues of security and compliance and restricts its activities to permissible legal frameworks while taking appropriate measures to enhance the security of users and the transactions’ integrity. Providing trust and transparency is also helpful and increases investor awareness as more people are looking towards this platform as one of the safe and secure avenues for blockchain-based investment. The Process of Non-Stop Innovations The fourth supporting factor that can enable Rexas Finance to soar higher within the year 2025 is its zeal for ceaseless innovation. The digital finance field does not remain stagnant and neither does the team at Rexas Finance. The developers of the platform offer new enhancements and features in the platform regularly so that it does not become outdated in the growing economy. With this innovation-first approach taken, investor confidence can be sustained and the platform updated in a sector with rapid change. In the case of ongoing development, Rexas Finance shall certainly be striving for an extended ambition, as is the way that continued improvements and upgrades like the shift to Ethereum 2.0 have kept Ethereum at the peak of the crypto world. Conclusion For the time being, Rexas Finance may not be the next Ethereum, but there are a lot of vital components around Real World Asset tokenization, high presale level, easy-to-navigate ecosystem, and innovation that make this possible. As more investors and users have to seek the help of blockchain technology for managerial purposes, Rexas Finance might just as well agitate for supremacy in the field, much like Ethereum in decentralized finance. Rexas Finance is a project to keep in view due to the expected growth through 2025 and beyond. Should it stay on its course, this token may capitalize on the historic momentum of success as the next big token after Ethereum. 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 Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Solana is currently trading above the $140 mark, showing signs of strength as it prepares for a potential move to higher levels. After a modest 5% pump on Friday, investors and analysts are increasingly optimistic about the direction Solana could take in the coming months. One prominent analyst, Carl Runefelt, has shared a technical analysis predicting a 20% surge for SOL in the next few weeks, citing bullish patterns and favorable market conditions. His analysis suggests that Solana could reach $176 by the end of the year if current momentum holds. However, Solana still faces key resistance levels that could challenge its upward trajectory. Despite the recent surge, some market participants are cautious, given the overall volatility in the crypto space. If Solana manages to maintain its current support and break through resistance, the next few months could be pivotal for the asset’s long-term price action. Can SOL capitalize on its recent gains and reach new highs, or will it struggle to maintain momentum in the face of market headwinds? Investors are eager to see how this plays out as we approach the end of the year. Solana Testing Supply Levels Solana has been trading within a range of $210 to $110 since mid-March, leading to mixed opinions among investors. While some see this price action as a consolidation phase, others believe it could signal an upcoming breakout. Notably, top analyst and entrepreneur Carl Runefelt recently shared a technical analysis on X, revealing a bullish triangle pattern forming for SOL. According to Runefelt’s analysis, if Solana breaks out of this triangle pattern, it could experience a sharp upward movement, potentially reaching $176 in the coming weeks. This would represent a significant surge from its current trading levels and a key milestone for SOL. The price has struggled to break through the $160 resistance level since early August, but Runefelt suggests that a breakout from the triangle could push the price well beyond this resistance. A successful break above these critical levels would mean a 20% surge for Solana, with bullish momentum potentially driving it even higher. Investors are closely watching these movements, as a breakout could signal the end of Solana’s extended sideways trading and mark the start of a new upward trend. If SOL can maintain support and continue this rally, it may soon test new highs and solidify its position as one of the top-performing altcoins. SOL Technical Analysis: Zones To Watch Solana (SOL) is currently trading at $145, following a 7% surge from local lows at $135. The price has managed to rise above the daily 200 exponential moving average (EMA) at $140, a key indicator of short-term trend strength. However, SOL is still 4% away from the crucial 200 moving average (MA) at $152, which represents a stronger, longer-term trend signal. A breakout above both the EMA and MA levels is essential for bulls to fully regain control and reclaim the trend. Surpassing these indicators could pave the way for a move to the $160 supply zone, where sellers are expected to be more active. This would signal a continuation of bullish momentum, with potential for further gains. On the other hand, if the price fails to hold above the $140 mark, this recent surge could be short-lived, and a deeper correction might follow. A break below this level could drive SOL down to $110, which is a significant demand zone that buyers may defend. Traders are keeping a close eye on these levels as the next few days will determine SOL’s s`hort-term direction. Featured image from Dall-E, chart from TradingView

Former President Donald Trump foray into decentralized finance (DeFi) with his initiative, World Liberty Financial, has officially begun onboarding users, with a public sale of its WLFI token scheduled for October 15. This announcement comes as the project aims to raise $300 million at a valuation of $1.5 billion through its initial token offering, which garnered significant attention in the cryptocurrency community. The Trump DeFi Initiative In a recent post on X (formerly Twitter), World Liberty Financial announced that the public sale will be open to individuals who qualify through a whitelist process. The governance token, WLFI, will have a non-transferable status for the first 12 months, although it will allow holders to participate in voting on platform decisions immediately. The initial phase of the project includes launching a DeFi lending platform, modeled after Aave, on Scroll, an Ethereum Layer 2 solution. It will initially support Bitcoin, Ethereum, and stablecoins, with future plans to introduce a stablecoin-focused credit card, facilitate integration with exchanges for seamless asset transfers, and fractionalize real-world assets like hotels and clubs. World Liberty Financial is presented as a key component of Trump’s vision to “Make America great again, this time with crypto.” The initiative aims to position the US as the leading global hub for cryptocurrency, enhancing financial security and enabling peer-to-peer transactions without intermediaries through decentralized finance. However, specific functionalities and a definitive launch date for the platform have yet to be announced. Interestingly, a preliminary white paper for the project includes a disclaimer stating that World Liberty Financial is “not owned, managed, operated or sold” by the Trump family, although it notes that they may receive compensation from the initiative. This disclaimer aims to clarify the project’s structure amidst ongoing scrutiny. Political Polarization Ahead? The launch of World Liberty Financial has raised expectations among investors, but it has also raised eyebrows within the cryptocurrency community, particularly within industry leaders such as Charles Hoskinson, co-founder of the Ethereum and Cardano blockchains. Hoskinson has expressed concerns that Trump’s DeFi venture could become a “political flashpoint,” exacerbating existing tensions surrounding cryptocurrency regulation in the US under Biden’s administration. Hoskinson also warned that the political polarization surrounding Trump could provoke a backlash from Democrats that could threaten the viability of the initiative. The Cardano founder indicated that if Democrats perceive Trump’s DeFi project as a significant threat, they might leverage governmental power to impose restrictions, potentially driving many crypto projects offshore to jurisdictions with more favorable regulations. Despite his concerns, Hoskinson acknowledged that it has attracted influential investors and advocates. However, he remains skeptical about whether this support will translate into effective policy changes should Trump regain power. Featured image from DALL-E, chart from TradingView.com

Bitcoin (BTC) may experience increased volatility in the coming days, driven by speculation surrounding another Chinese fiscal stimulus announcement and the expiration of BTC options worth $1.1 billion. Chinese Stimulus Measures To Help Bitcoin? According to the State Council Information Office, China’s Finance Minister, Lan Fo’an, is expected to provide details on upcoming fiscal stimulus measures during a press conference on Saturday. These measures aim to stimulate economic activity in the country. On September 24, the People’s Bank of China (PBoC) cut interest rates on existing mortgages by 0.5% and lowered reserve requirement ratios for banks to boost market liquidity. The global crypto market is increasingly paying attention to China’s stimulus plans, as enhanced liquidity could positively impact the prices of digital assets like BTC. While the announcement is anticipated, confirmation of another round of fiscal measures, especially if they exceed market expectations, could significantly boost risk-on assets like Bitcoin. In addition, if the US Federal Reserve (Fed) decides to cut key interest rates further, it could increase investor appetite for riskier assets, including digital currencies known for their volatility. Currently, prediction markets are speculating at least another 50 basis points (bps) cut in interest rates by the end of the year. Such a move would increase global liquidity and help BTC avoid a capitulation that could cause its price to crash into the high $40k range. BTC Options Expiry Could Trigger Price Volatility Another factor that could impact Bitcoin’s price volatility is the $1.1 billion worth of 18,000 BTC options set to expire on October 11. At press time, the put-call ratio is 0.91, indicating a slight tilt toward put options. With Bitcoin hovering around $60,000, the chances of reaching the “max pain” price of $62,000 are growing. For those who are uninitiated, “max pain” refers to the price level where the most options traders are likely to incur losses. While Bitcoin has recently benefited from global interest rate cuts, geopolitical tensions in the Middle East and uncertainty surrounding the U.S. presidential election in November have made it difficult to predict BTC’s future price movement. Despite the challenges above, some trading firms and crypto analysts are confident about the resiliency of digital assets and the potential for a Q4 2024 crypto rally. For instance, crypto trading firm QCP Capital noted that Bitcoin’s swift recovery following the Iranian offensive against Israel indicated its strong demand among investors. Similarly, Bitwise CIO Matt Hougan outlined three major factors that could help the BTC price “melt-up” to a new all-time-high (ATH) of close to $80,000 in Q4 2024. BTC trades at $62,086 at press time, up 2.7% in the last 24 hours.

As the US presidential election approaches, the crypto industry has emerged as a focal point of political debate, with key figures from blockchain payments company Ripple expressing divided support for leading candidates Vice President Kamala Harris and former President Donald Trump. This division comes amid ongoing debates about regulatory frameworks, particularly concerning the US Securities and Exchange Commission (SEC) and its enforcement actions against the cryptocurrency sector. Ripple Larsen’s $1 Million XRP Donation Christian Larsen, co-founder of Ripple, has made headlines by making the first documented crypto donation to Kamala Harris’s campaign, contributing $1 million in XRP to a prominent super political action committee (PAC) supporting her candidacy. This donation was revealed through recent filings with the Federal Election Commission (FEC), as reported by FOX journalist Eleanor Terret. Larsen’s contribution signifies a strategic endorsement of Harris, who has recently been vocal about the needed support for the growth of the digital asset ecosystem. This political move comes on the heels of comments from Ripple CEO Brad Garlinghouse, who has criticized the SEC’s ongoing legal battle against the company. The SEC recently appealed a favorable ruling from Judge Analisa Torres, which stated that XRP, when sold on public exchanges, does not qualify as a security under existing laws. In response, Ripple announced it would file a cross-appeal against the SEC on Thursday, intensifying the ongoing legal conflict. Crypto Community Divided? Garlinghouse has been outspoken about the SEC’s actions, recently asserting, “If Gensler and the SEC cared about the rule of law, they would accept their loss and move on.” Ripple’s CEO argues that the regulator is more interested in causing disruption than providing clarity for industry players, warning that the agency’s actions could stifle US innovation in technology. While Larsen has aligned himself with Harris, the political contributions from the crypto community are not one-sided. Gary Cardone, a well-known digital asset investor, along with the Winklevoss twins, founders of the Gemini exchange, and Kraken co-founder Jesse Powell, have publicly supported Donald Trump. Trump’s campaign has positioned him as a pro-crypto candidate, promising to elevate the United States as the global leader in cryptocurrency. The former President and Republican candidate has criticized regulatory overreach, stating, “They want to choke you, and we are not going to let that happen.” Trump has also pledged to replace SEC Chairman Gary Gensler upon his potential return to the White House, further indicating his commitment to fostering a favorable environment for the crypto industry. At the time of writing, XRP was trading at $0.5379, showing no change from Thursday’s trading session. Featured image from DALL-E, chart from TradingView.com

The Bitcoin ongoing rebound, reclaiming the $62,000 price mark once again today, has sparked renewed optimism in the cryptocurrency community. According to a recent analysis by CryptoQuant analyst Crypto Dan, the current market is still amid a bull cycle, with promising long-term prospects for Bitcoin holders. While the market has faced some short-term turbulence, key indicators suggest that more gains may be on the horizon. Bull Run Is Still In Progress Crypto Dan’s insights, shared on the CryptoQuant QuickTake platform, highlight how Bitcoin’s current movement mirrors patterns seen in previous bull cycles. Specifically, Dan noted that long-term investors realized profits twice during the 2013 and 2020 bull markets. He further pointed out that 2017’s market peak differed, lacking the same period adjustments in other cycles. Dan suggested that if we follow the patterns of 2013 and 2020, the current market could be poised for another significant upswing. In addition to the cycle comparison, Dan emphasized the global macroeconomic situation, specifically the recent trend of interest rate cuts by central banks worldwide. He explained that while liquidity may take several months to return to markets fully, prices typically move ahead of these developments based on investor expectations. This anticipatory movement could set the stage for significant price increases by 2025, offering long-term investors the potential for substantial gains. The analyst advised: Bitcoin Bounces Back, Coinbase Premium Points to Accumulation Meanwhile, Bitcoin has shown signs of recovery after dipping to $58,000 earlier in the week. At the time of writing, the asset is trading at $62,080, marking a 2.4% increase in the past 24 hours. This recovery has been met with positive sentiment from the crypto community, especially as other indicators point to the continued accumulation of Bitcoin. Another CryptoQuant analyst, Avocado Onchain, provided further insights into Bitcoin’s price movements, particularly focusing on the Coinbase Premium, an indicator that measures the difference between Bitcoin prices on Coinbase and other exchanges. Avocado explained that the Coinbase Premium dropped to -100 points, typically a bearish signal. However, Bitcoin’s price has since rebounded, suggesting a positive outlook. According to the analyst, historically, during bull markets, Bitcoin’s price tends to bounce back after the Coinbase Premium falls below -50. This pattern has held true over the past year, with Bitcoin consolidating within a broad price range for the past eight months. Avocado noted that, in a bear market, such negative premiums would typically lead to panic selling, yet that has not been the case now. Instead, the data indicates that larger players may be accumulating Bitcoin at lower prices, signalling that the bull market “may not be over.” Featured image created with DALL-E, Chart from TradingView

XRP price surges with 50% increase in trading volume following Ripple’s cross-appeal announcement. On-chain data suggests potential for extended rally. Price targets: potential rise to $0.74 if bullish trend continues, or drop to $0.46 if bearish. Ripple’s XRP has experienced a notable uptick in both price and trading volume, with a 50% increase in market activity over the past 24 hours. This positive momentum comes in the wake of Ripple’s announcement to file a cross-appeal in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The cross-appeal, filed with the United States Court of Appeals for the Second Circuit on October 10, challenges Judge Analisa Torres’ August 7 judgment, which imposed a $125 million penalty on Ripple for unregistered XRP sales. This legal maneuver follows the SEC’s own appeal earlier this month, which seeks to overturn the court’s ruling that programmatic sales of XRP to retail investors did not violate securities laws. Ripple’s chief legal officer, Stuart Alderoty, emphasized that the appeal aims to reinforce the argument that an “investment contract” cannot exist without specified rights and obligations in a formal contract. Alderoty expressed confidence in Ripple’s position, predicting that the SEC will ultimately fail in its attempts to classify certain XRP distributions as securities. XRP reacts positively The market’s reaction to these legal developments has been decidedly positive. XRP’s derivatives market has seen a significant uptick, with Coinglass data showing an 88% increase in futures and options trading volume over the past day. This surge in activity suggests growing optimism among traders regarding XRP’s prospects. On-chain metrics further support the bullish narrative. The ratio of XRP’s transaction volume in profit to loss has reached 4.32, its highest level in ten days. This indicates that for every losing transaction, 4.32 transactions are currently profitable, reflecting improved market sentiment and potential for further price appreciation. Source: Santiment Looking ahead, XRP’s price action appears poised for potential gains. A continuation of the current uptrend could see XRP targeting the $0.74 level, a price point not seen since March. However, this bullish scenario hinges on XRP’s ability to breach and hold above the key resistance at $0.66.

Solana sees 12% increase in daily active addresses since October 5. New user influx drives 15% growth in daily first-time signers. SOL price could target $188.52 if network growth continues, or drop to $110 if demand weakens. Solana, the Layer-1 blockchain platform, has experienced a notable resurgence in user activity over the past week, marking a significant turnaround from its recent slump. This revival is characterized by increases in both daily active addresses and new user onboarding, signaling a potential shift in the network’s trajectory and its native token’s market performance. The blockchain has witnessed a 12% uptick in unique addresses completing at least one transaction since October 5, reversing a prolonged downtrend that had previously pushed Solana’s revenue to multi-month lows. This resurgence comes as a welcome development following September’s reported decline in daily transactions, which had resulted in a 46% plunge in Solana’s revenue. New users flock to the Solana ecosystem Particularly noteworthy is the influx of new users to the Solana ecosystem. Data from Hello Moon reveals a 15% increase in daily unique first-time signers transacting on the network. This growth in new user adoption is a critical indicator of network expansion, potentially driving up SOL’s value, enhancing network liquidity, and fostering increased developer activity. The surge in network demand has already begun to impact Solana’s fee structure and revenue streams. Artemis data shows an 8% increase in total fees and revenue over the past week, reflecting the growing engagement with the platform. Source: Artemis Currently trading at $144, SOL has registered a modest 1% gain over the past week, maintaining its position just above the $133.58 support level. As network activity continues to gain momentum, there’s potential for further price appreciation. Fibonacci Retracement analysis suggests that sustained network growth could propel SOL towards the $188.52 mark.

Saylor has lofty ambitions of making the company the largest Bitcoin bank. The price of Bitcoin might be influenced by this, which could be a factor of strong demand. The founder and executive chairman of MicroStrategy, Michael Saylor, recently shared his bold plans for the future of the firm in an interview. He has lofty ambitions of making this company the largest Bitcoin bank. The price of Bitcoin might be influenced by this, which could be a factor of strong demand. If this plan works, more and more companies will integrate Bitcoin into their financial processes. Which would boost Bitcoin’s credibility in international markets. Banking on Bitcoin Moreover, a major shift in the potential engagement of institutional actors with Bitcoin might be triggered by MicroStrategy’s declaration of its transition into a Bitcoin bank. As the corporation continues to amass vast quantities of Bitcoin, its aggressive purchase approach has the ability to boost demand for the cryptocurrency, which might lead to a rise in its price. More institutional investors may be interested in Bitcoin if it were positioned as a crucial financial instrument. Which would increase its market value and ensure its price stability in the long run. There is a greater emphasis on Bitcoin’s long-term positioning as an asset when the function of borrowing money to purchase additional Bitcoin is emphasized instead of lending it out. At its present price of $197.45, the stock of MicroStrategy is drawing toward a crucial breakthrough mark beyond $200. Buyer interest is high, and if historical tendencies continue, Bitcoin’s price may rise as well. Furthermore, Michael Saylor claims that the largest Bitcoin bank will create various financial products backed by Bitcoin. These includes stocks, convertible bonds, preferred shares, and fixed-income instruments. Highlighted Crypto News Today: Binance Coin Fails To Reach $600 Level: What’s Next For BNB?

Celestia (TIA) has displayed a remarkable performance over the week, swiftly recovering from the early October crash. The token is now leading the crypto market’s recovery in the daily timeframe, suggesting a possible continuation of its bullish momentum before the month ends. Celestia Leads The Crypto Market TIA, the native token of modular blockchain Celestia, has seen a 7.3% surge in the past week. The cryptocurrency recovered from the October 3 lows, moving from the $4.5 support level to trade above the $5 mark this Friday. Celestia has been on a downtrend since hitting its March all-time high (ATH), suffering a brutal 80% correction from $20 to $4 in the past six months. September’s retrace dragged TIA below the $4 mark, registering its lowest price since early November 2023. However, the token’s Q3 retraces didn’t alarm many investors who considered Celestia’s on-chain developments a potential bullish sign. Since then, the cryptocurrency has seen a 40.1% monthly increase, fueling the bullish sentiment among the community. Today, TIA registered eight hourly consecutive green candles, propelling the price 14% from the $4.9 zone to the $5.6 resistance level before retracing to the $5.5 mark. Throughout the morning, the token has hovered between $5.50-$5.55, recording a 16.3% surge in the past 24 hours. This performance crowned Celestia as the largest gainer among the top 100 cryptocurrencies by market capitalization, only followed by Worldcoin (WLD), Dogwifhat (WIF), and Popcat (POPCAT). Is A Big Move Coming For TIA? Several market watchers note Celetia’s performance, suggesting that the cryptocurrency’s chart hints a breakout may be around the corner. To crypto analyst Yuriy, TIA’s performance indicates a “big move is coming,” remarking that its open interest (OI) significantly increased in the past month. Meanwhile, crypto analyst Poseidon noted TIA’s 80% correction, asserting that we might be near the end of the “brutal downside trend.” To the analyst, the price’s 4-month range between $4-$7 looks like a potential bottom, which could signify the ongoing bullish momentum will continue. However, Poseidon asserted that TIA must reclaim the 50-day and 200-day exponential moving average (EMA) to call the trend shift. Similarly, crypto trader Bluntz previously suggested that the cryptocurrency had bottomed, displaying an inverted head and shoulders pattern after the weekly recovery. Youtuber Crypto Jack noted that Celestia’s bounce from the $4.5 support zone targets the upper trendline of its 4-month consolidation range. To the analyst, the bullish momentum could send TIA above the $7 resistance level this month. Other analysts called it one of “the most tempting altcoins to buy,” setting targets above $10 for Celestia. Nonetheless, some noted that the upcoming token unlocks, set to start on October 30, could negatively impact TIA’s price.