Solana has had a remarkable start to the ongoing bull cycle as it surged 68% from $157 in early November to peak at $264, its new all-time high. This incredible performance has led to bullish predictions, with many analysts forecasting SOL might close the year above the $400 mark. However, recent market turbulence hit Solana hard, dropping below $210 before consolidating around the $220 and $230 ranges. While some experts believe this is a typical market correction, the issue looks deeper. Here is why the $400 goal might be overambitious for SOL this year.
Solana Faces Growing Challenges in Bearish Market
Like other top gainers, Solana fell victim to massive profit-taking. After reaching its ATH in November, SOL trading volume surged significantly. This was followed by a gigantic dip to $230, indicating sell-side pressure. Also, the recent SOL wobble coincided with the general market dip, as Bitcoin failed to turn the $100,000 mark into strong support. The underperformance of tokens inside the Solana ecosystem is one of the leading causes of SOL’s drop. With a 137% increase in trading volume, Solana-based token aggregate market capitalization dropped from $361.8 billion on December 9 to $342 billion on December 10. This reflects sell-side activity, which drives SOL’s price down even more. Adding to the pessimistic story, on-chain activity on the Solana blockchain has plummeted. Since November 20, daily transactions have dropped by half, indicating lower user interest and network activity. Solana’s daily revenue decreased from a year-to-date high of 55,832 SOL ($12 million) on November 23 to only 12,361 SOL ($2.7 million) on December 9.
Technically, Solana’s market structure indicates greater downside potential. The daily chart shows a negative divergence between its price and the Relative Strength Index (RSI), with the RSI creating lower highs as the SOL price tried to reach higher highs. This divergence, combined with overbought conditions on November 22, when the RSI reached 77, suggests a deteriorating trend. As of this writing, Solana trades at $225, down 0.5% in the past 24 hours. Analysts now expect SOL to hit support levels around $210 and $200, with a psychological floor of $180—a 16% drop from its present price. Experts placed a bullish scenario price target at $300 before the year ends, especially if the general market rallies toward the Christmas buzz. With weak market fundamentals, decreased network activity, and increasing bearish technical signs, Solana’s odds of reaching $400 this year are minimal. Amidst SOL’s struggles, savvy investors are diversifying into new tokens with early-day SOL potential: Rexas Finance. This innovative real-world assets tokenization project looks set to transform asset management. With its presale now one stage away from completion, here is what it offers.
Another Crypto Star to Watch this December is Rexas Finance (RXS)
Rexas Finance is a real-world asset (RWA) tokenization project that streamlines and democratizes the conversion of physical and digital assets into tradeable blockchain tokens. Its ecosystem includes ground-breaking tools for token creation, decentralized finance (DeFi), and asset management, distinguishing it as a viable Solana alternative at a ridiculously low price.
Rexas Finance has a broad market reach, addressing sectors worth trillions of dollars. The platform intends to tokenize real-world assets such as real estate (worth $379.7 trillion globally), commodities ($121.2 trillion), and financial assets ($486 trillion). Through fractional ownership and increased liquidity, Rexas Finance makes previously illiquid investment opportunities available to a global audience.
Just like Solana, Rexas Finance thrives on its innovative ecosystem. The platform’s key features include:
- Rexas Token Builder:A no-code tool that enables users to quickly generate tokens while supporting several standards, such as ERC-20, ERC-721, and ERC-1155.
- QuickMint Botallows for fast token production via Telegram and Discord, making tokenization accessible to non-technical users.
- Rexas GenAIis a sophisticated AI-powered platform for building unique NFTs and automating their distribution across many marketplaces.
- Rexas AI Shield provides comprehensive smart contract auditing and real-time monitoring, which improves security and trust.
- Rexas Treasury is a multi-chain yield optimizer that automates yield farming while maximizing returns through compounding.
Meanwhile, Rexas Finance’s presale has exceeded expectations. After the first nine stages sold out ahead of schedules, Stage 10 saw more increases in investors’ activities as over $92% of the allocated tokens were racked up within 72 hours. This brought the total amount raised to $28.48 million. Currently, at Stage 10, each RXS token costs $0.15, which is expected to grow to $0.175 in the following stage.
After completing the presale, RXS will be listed on at least three of the top ten cryptocurrency exchanges for $0.20 per token. Due to significant demand and investor interest, analysts anticipate that the token will rise to $5 immediately after its launch. Some experts see a SOL-like parabolic rally to three digits within the first year of its launching. The recent Certik audit certification strengthens Rexas Finance’s credibility by ensuring its smart contracts adhere to the highest security standards. In addition, the platform is hosting a $1 million giveaway, with 20 lucky winners, each expected to receive $50,000 in RXS tokens, generating excitement and engagement in the community. With its creative ecosystem, excellent presale performance, and imminent exchange listings, Rexas Finance has piqued the interest of investors looking for high-growth possibilities in the ongoing bull cycle.
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Rexas Finance Poised to Triple Your Money Like Ripple (XRP) by 2025
Conclusion
Solana’s price problems, pessimistic market sentiment, and decreased network activity indicate that reaching $400 remains improbable in the short term. With support levels diminishing, investors may expect additional corrections in the coming weeks. Conversely, Rexas Finance is a shining example of crypto market growth and innovation. Its excellent presale success, large community, and ambitious vision make it an appealing choice for investors hoping to profit from the future of asset tokenization and decentralized finance.
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
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