Top 4 Altcoins to Watch
Whales, who are large token holders, play key roles in the asset's price movement. Their accumulation of a token usually shows confidence and could mean that it's poised for a significant positive price movement. Thus, these investors hold considerable influence over the market. Several accumulated some particular tokens this week, strengthening their bullish outlook. Four altcoins may be on their way to rally, making them the top altcoins to watch this week. They are Rexas Finance, Ripple, Dogecoin, and Ethereum.
Rexas Finance (RXS) presale has drawn in whales who have been religiously accumulating the token. This has led to its remarkable success, selling out nine stages within three months. At stage ten, the presale is moving quickly, too, with RXS selling for $0.15. RXS will launch at $0.20 and is expected to rally to $10 post-launch. What has driven whales' attention to the project is its innovative use of blockchain technology to tokenize real-world assets. Rexas Finance is bridging gaps in the traditional financial space by creating a solution to problems like lack of liquidity, high cost of physical assets, and global accessibility. Tokenization turns these assets into digital tokens, making them available in fractions at lower cost, providing liquidity, and allowing global trading of previously inaccessible assets from anywhere. This approach has created greater opportunities in the lucrative RWA sector, valued at over 400 trillion.
The Rexas Finance ecosystem features powerful tools for investors, like the Rexas Token Builder for asset tokenization, Rexas GenAI for generating NFTs, and Rexas DeFi, its decentralized finance platform. These tools have also attracted investors as they are poised to redefine investment and security.
A critical milestone for Rexas Finance was the completion of its Certik Audit. This audit validates the project's security against hacks and vulnerabilities, significantly bolstering investor confidence and fueling the presale's momentum. Rexas Finance is also listed on CoinMarketCap and CoinGecko, providing easy access to real-time data on the project. With its final launch to take place on three major exchanges, RXS is poised to capture widespread investor interest. Due to its potential to constantly yield value and reasonable returns over time, I consider it to be a feasible option in the long run.
Recent whale activity around XRP has captured significant attention. Major investors transferred over 680 million XRP worth more than $1.64 billion in the past day. Whales also bought over 100 million XRP during its recent drop below $2, showing strong confidence in its recovery potential. XRP has quickly erased losses from its drop, climbing back above $2.40. Its price movement suggests a bullish setup-the asset trades within a descending price channel, indicating consolidation before a potential breakout. The RLUSD approval and its imminent launch have bolstered market sentiment. With the launch set to happen soon, XRP could see a decisive breakout soon, surging to $3. Thus, it's a must-watch this week.
Dogecoin (DOGE), the largest meme coin, has seen increased whale activity amid recent price volatility. During its drop from $0.44 to $0.37, whales accumulated 210 million DOGE, signaling confidence in its potential rebound. Dogecoin's technical charts also point toward a bullish breakout. DOGE recently emerged from a symmetrical triangle pattern, typically a precursor to upward trends. From its current level of approximately $0.44, DOGE could climb to $0.65, a 50% gain, before potentially targeting $3. This will lead to a remarkable 630% increase. Long-term projections by analysts like Ali Martinez see DOGE reaching as high as $18 during this cycle. Dogecoin's resilience, backed by whale confidence, strengthens its bullish potential. This week, investors should closely monitor its movement as DOGE is expected to surge soon.
Ethereum whales have shown confidence in the token's potential lately. One notable investor recently acquired 1,800 ETH worth $7 million when the ETH price surged to $3,900. This whale has steadily accumulated Ethereum since May, amassing 39,600 ETH worth approximately $99 million. This consistent buying activity shows confidence in Ethereum's long-term potential. Since the start of the week, other ETH whales have also moved substantial holdings from exchanges into self-custody. This has reduced selling pressure and could mean that ETH is poised for further gains.
Analysts have noted that the recent whale purchases, ETF Inflows, and bullish technical indicators have been driving ETH's price action. ETH could revisit its all-time high of $4,891 and target $5,000 by year-end. If whales keep accumulating and the ETH ETF continues to see inflows, it could even push the token to $10,000 in 2025. Investors should pay close attention to the resistance level at $4,000 to spot its breakout this week.
Rexas Finance (RXS), Ripple (XRP), Dogecoin (DOGE), and Ethereum (ETH) have experienced notable whale accumulation, confirming their positive outlook. They are expected to see a breakout soon, making them the top altcoins to watch this week. Rexas Finance's momentum is undeniable, and whales have noticed. The presale is moving fast, and with the launch set to trigger a breakout, it's one altcoin you shouldn't fail to watch out for.
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:The information provided on the Website does not constitute investment advice, financial advice, trading advice, or any other form of advice, and you should not interpret any of the Website's content as such. Midday does not recommend that you buy, sell, or hold any cryptocurrency. Please conduct your own due diligence and consult with a financial advisor before making any investment decisions. Midday does not endorse or promote any such activities, and you access them at your own risk, fully understanding the monetary and legal consequences involved. Midday shall not be held responsible for any losses you may incur as a result of using any such apps or websites. Cryptocurrency products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for losses resulting from such transactions.
