Toncoin looks set to rebound from its recent woes. It rose 20% in the past month and is trading above $6 for the first time in months. This surge comes at the back of increased whale accumulation and an overall bullish market. Analysts speculate a potential rally to $10, but can it go into the top ten cryptocurrencies? Meanwhile, big-money investors are jumping on Rexas Finance (RXS), a fast-developing altcoin in the presale stage. Could this be an excellent opportunity to secure a profitable investment?
Can Toncoin Break into the Top Ten?
Toncoin, ranked 14th with a $15.3 billion market cap, shows potential for an impending rally to $10. Its 20% monthly gain results from rising usage, strategic listings, and growing investor trust. However, the token is about $17 billion away from the top ten. While gaining that spot looks like a lofty goal, experts believe it is achievable.
But first, Toncoin needs to achieve the $10 milestone. Trading at $6.16 as of this writing, several bullish factors might drive the coin’s price toward its target. First, Toncoin’s partnership with Telegram assures a built-in user base and ecosystem, resulting in a heavily utilized Layer 1 blockchain. Recent expansions into other locations, particularly South Korea and the United States, have increased its utility and exposure. Second, Toncoin’s derivatives trading volume has increased, indicating greater engagement from big money investors.
With a Relative Strength Index (RSI) of 71, the asset is reaching overbought territory, but strong bullish activity might keep it moving upward toward $10. Finally, market mood and technical patterns point to more advances. If Toncoin overcomes major resistance at $7, $9, and $10, it may be able to break into the top 10—however, problems like increased volatility and overbought circumstances may hinder its progress.
Rexas Finance (RXS): Big Money Investors Are Pushing RXS Presale to the Final Stages
As Toncoin competes for a slot in the top ten, some big-money investors are accumulating RXS, driving the ongoing presale to its final stages. Currently, in Stage 7 of its presale, RXS has raised $14.3 million by selling over 223 million tokens. Its deliberate decision to forego venture capital funding has resulted in a devoted, decentralized network of investors.
Rexas Finance specializes in real-world asset (RWA)…