Cardano (ADA) jumped by 11% last week, inspiring optimism for a positive turnaround. However, given current technical constraints, it is unlike that ADA will break it’s all-time high (ATH) of $3.10 in 2024. Nowadays, investors search for other tokens with better possible profits, such as Rexas Finance (RXS), expected to have a stunning 2700% increase.
ADA’s Faces Crucial Resistance Levels Despite Recent Surge
Last week, Cardano’s price increased by 11%. After a downward trend that began in March, this upward swing provided some hope. Despite this rally, ADA continues to encounter strong resistance. ADA must break over $0.47, a level it has failed to reach, to formally mark the downturn finished. Technical indications don’t give ADA bulls much hope. The Relative Strength Index (RSI) is in the area of a bearish convergence, and the Simple Moving Average (SMA) shows little purchasing pressure. To extend its current upswing, Cardano needs to overcome the crucial resistance level of $0.47. A breach of this barrier might spur even more upward momentum. But given the state of the market and technical indications, it looks like ADA is in for a difficult ride ahead.
Can ADA Break the $3.10 ATH in 2024?
Cardano’s current performance compared to its ATH of $3.10 attained in 2021, seems a far-off dream. The initial constraints are the rather strong resistance levels at $0.37 and $0.47. Should ADA not clear these thresholds, the likelihood of reaching $3.10 by 2024 stays low. Furthermore, the technical indicators highlight ongoing challenges. According to the SMA and RSI, there isn’t much purchasing momentum. These metrics are essential for assessing investor sentiment. If the $0.47 resistance is not broken soon, there may be a decline, and ADA may find it challenging to go back to its former highs. Many investors are concerned about Cardano’s capacity to breach its ATH even in 2025; thus, they are investing in Rexas Finance, a more promising project in 2024.
Rexas Finance (RXS): An Opportunity Worth 2700% in 2024
Rexas Finance (RXS) offers investors a more enticing option as Cardano faces opposition. The RXS token has garnered interest due to its distinct method of tokenizing real-world assets (RWAs). Analysts anticipate a return of up to 2700% for Rexas Finance, while ADA is experiencing technical difficulties. Using blockchain technology, Rexas Finance seeks to democratize access to tangible assets such as commodities and real estate. With just 72 hours in the first stage, the project’s presale has seen a spectacular success, raising $450,000. Currently, in its second stage, the token costs $0.040; projections for the following phase call for a climb to $0.050 which is a quick 25% gain for early investors as the presale stage is selling out earlier than expected.
Why Rexas Finance Stands Out
In contrast to ADA, RXS provides a different value proposition. Rexas Finance makes asset ownership simpler and more accessible by enabling investors to purchase or own fractions of real-world assets with ease. It also provides several passive income opportunities, including staking and yielding. Rexas Finance also supports tech startups by providing fund-raising opportunities through its Rexas Launchpad. Due to this innovation, RXS has a competitive advantage and attracts investors looking for exposure to a variety of real assets.
With RXS’s ultimate listing price set at $0.2, early investors might potentially earn large profits. Rexas Finance is a more potential alternative for exponential growth than Cardano since it is focused on real-world applications. At the same time, Cardano confronts major obstacles and market uncertainty.
How to Join the RXS Token Presale
As of this writing, 60% of the RXS second presale stage allocated tokens have been sold, and each is valued at $0.040. Secure your tokens today before the price spikes to $0.050 in the upcoming phase.
Here’s a 5-step guide on purchasing RXS tokens:
Go to the official Rexas Finance page to access the presale platform.
Should you not already have an account, register for one here. For a seamless process, make sure you present correct information.
Connect your MetaMask or another cryptocurrency wallet to the platform. Verify if your wallet accepts ERC-20 tokens.
Select how many RXS tokens you wish to purchase, then complete the transaction using Ethereum or another compatible cryptocurrency.
Following a successful purchase, verify the transaction and safeguard your RXS tokens in your linked wallet.
Conclusion: ADA’s Struggles vs. RXS’s Potential
Cardano’s road to surpassing its 2021 ATH of $3.10 looks paved with obstacles. Technical indicators suggest resistance levels that can halt ADA’s upward momentum. Rexas Finance (RXS), on the other hand, offers an appealing investment with a potential for profits of 2700%. RXS provides an alternative for investors looking for better growth possibilities that are in line with the direction asset tokenization is taking.
For more information about Rexas Finance (RXS) visit the links below:Website: https://rexas.comWhitepaper: https://rexas.com/rexas-whitepaper.pdfTwitter/X: https://x.com/rexasfinanceTelegram: https://t.me/rexasfinance
The post Cardano Price Prediction: Here’s Why ADA May Struggle to Break $3.10 ATH in 2024, and the Alternative Coin You Should Buy for Better Returns appeared first on CoinChapter.
