October started on a disappointing foot as the general market recorded a notable dip following the Israel-Iran war escalation. However, the tension has eased, and the market looks promising again. While some altcoins flash bullish signals, others display falls as the crypto market fluctuates. BONK, Polygon (POL), and Cardano (ADA) are such coins with bearish trends, and experts advise avoiding them like a plague. Rexas Finance (RXS), a newly launched token with over $2.75 million raised in the ongoing presale, has seen increased whale activities. Experts advise accumulating this token before the next Bitcoin pump.
BONK: Volatile Swings with Bearish Outlook
Rising almost 400% from its February lows, BONK has shown great volatility all year long and peaked on March 5, 2024. Following this spike, though, BONK dropped 75% and saw multiple rallies and dips in the following months. Most recently, BONK tried a rebound and gained 20% over the weekend; experts believe the upward potential might be limited. Despite recent rebounds, BONK is still in a perilous state; technical signs point to bearish trends. The Relative Strength Index (RSI) shows overbought conditions, suggesting a possible rejection close to declining resistance; the price has failed to pass critical resistance levels. Analysts believe BONK might see more falls, maybe retesting the $0.000017 support level before starting a new trend. For investors, BONK’s erratic swings and possibility for more decline make this October a dangerous option.
Polygon (POL): Struggling Amid Bullish Sentiment Elsewhere
Another coin having major difficulties this October is Polygon (POL). POL closed September on a poor note, unable to profit from the positive attitude of the larger market despite some early hope. By the end of the month, Polygon’s price dropped 5.6% and closed at $0.38, well below its March all-time peak. Moreover, 95% of POL holders are waiting on unrealized losses; 81% of these losses accrued throughout the preceding year. The token still suffers intense selling pressure even with the recent move from MATIC to POL tokens, which was meant to unleash more utility for consumers. Technical difficulties, including crosses of significant moving averages indicating continuous downward pressure, also affect Polygon’s price. Polygon’s view remains unfavorable for investors; so it would be advisable to avoid the token until more definite indicators of recovery show.
Click Here To Buy Rexas Finance (RXS) Presale
Cardano (ADA): Bearish Sentiment Takes Hold
One of the most contentious altcoins in recent months is Cardano (ADA). Renowned crypto analyst Max Keiser projects a catastrophic 90% decline in ADA within the next six months. Although this forecast would sound severe, the underlying facts point to a gloomy view. A major gauge of market confidence, whale activity has indicated ADA unloading in large numbers. Using short liquidation leverage above long positions, IntoThe Block data also shows a negative attitude. Given the price right now sitting at $0.37, any more reductions might see ADA try lower support levels around $0.32. Although Keiser’s forecast of a possible decline to $0.03 seems unrealistic, market conditions and attitude are going progressively against Cardano, so ADA is a dangerous investment this October.
Rexas Finance (RXS): Set for Expansion Before the Next Bitcoin Pump
Amid the broad market volatility, Rexas Finance (RXS) is standing out as an excellent choice for those seeking expansion before the next Bitcoin bubble. Targeting trillion-dollar industries in real estate, commodities, and artwork, Rexas Finance is a leading-edge real-world asset (RWA) tokenizer. With this special emphasis, Rexas Finance offers investors partial and complete ownership of these valuable assets, increasing liquidity and access to usually non-liquid markets. Investors have shown strong demand for RXS tokens in the ongoing presale. The Stage 3 sold out ahead of schedule, generating $2.75 million. Right now, in phase 4, RXS tokens cost $0.06; the next level is set at $0.07. With the final listing price of $0.20, early investors may find significant returns if the cryptocurrency picks traction on the market. The Rexas ecosystem is an avenue for several cutting-edge technologies. The Rexas Token Builder simplifies tokenizing real-world assets and allows investors to own parts of properties, artwork, and more. Other features are also user-focused. For instance, the Rexas Treasury allows investors to earn passive incomes through yield farming and staking. The platform also features a launchpad for tokenized initiatives to generate funds, improving its usefulness and extending its influence.The platform’s capacity to access trillion-dollar marketplaces and its distinctive use cases help explain this expected growth and distinguish it from speculative altcoins. Rexas Finance is in a solid position to see significant returns with the next Bitcoin pump on the horizon; hence, this October, it presents an exciting investment possibility.
Rexas Finance Is the One You Should Watch this October
Investors should be wary of altcoins such as Cardano, Polygon, and BONK, all of which are struggling with bearish attitudes and technical difficulties since the crypto market is still uncertain.Conversely, Rexas Finance offers a unique chance for expansion with its creative approach to actual asset tokenization and excellent presale performance. For those wishing to profit from the next rally in cryptocurrencies, Rexas Finance is one to accumulate before the next Bitcoin surge.
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: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.