Chainlink (LINK) is trading at $16.77 as of October 2024. The future of this oracle powerhouse does not show indications of a significant surge to either $50 or $100 anytime soon. Though Chainlink leads in decentralized oracle services, its expansion path is seriously hampered, particularly with the rise of coins like Rexas Finance (RXS) transforming the crypto market.
Bearish Indicators of Chainlink
The present market scenario of Chainlink shows multiple unfavorable indicators:
The weak long-term trend is indicated by a decreasing 200-day moving average since mid-October.
LINK has a 53% green days ratio and 5.71% price volatility. Hence, there is little indication that it will have the kind of momentum required to momentarily overcome significant price hurdles.
By the end of October 2024, current estimates indicate that Chainlink might drop even more, varying between $11.22 and $12.81, suggesting a continuous downslope.
Chainlink's reliance on the DeFi ecosystem marks one of its main difficulties. Although DeFi was once a thriving sector, its expansion has slowed. Given DeFi's dependency, Chainlink's use may likewise stagnate, particularly as the oracle space competition heats up.
Rexas Finance (RXS): The Disruptor to Watch
Although Chainlink is having a difficult year, a new company called Rexas Finance showed great promise with real-world asset (RWA) tokenization at its foundation. By allowing investors to tokenize and fractionalize assets, including real estate, precious metals, and commodities, Rexas Finance is opening a whole new class of investment opportunities in the crypto space and breaking through conventions.
Let us investigate the reasons Rexas Finance is attracting investor interest quickly:
1. Rexas Finance's Larger Market Focus
Rexas Finance is concentrating on a much larger market—real-world assets—rather than Chainlink's focus on distributed oracles for blockchain applications. Using fractional ownership made possible by tokenization of actual assets, daily investors now have access to high-value markets that were once out of reach. Rexas is putting real estate in New York or gold from Australia on a blockchain network that is accessible. Many liquidity and accessibility problems the conventional finance industry deals with are resolved by this strategy.
2. Token Builder Innovation
One of the unique aspects of Rexas Finance is its Token Builder, which lets customers easily tokenize their assets. Whether you’re a company looking to tokenize shares of your business or an individual wanting to tokenize a property, the Token Builder integrates with multiple blockchains, including Ethereum Virtual Machine (EVM) compatible chains, ensuring scalability and flexibility. This innovation positions Rexas as a platform with strong real-world utility, in contrast to the purely speculative nature of many other projects.
3. Rexas Launchpad
The Rexas Launchpad allows businesses and developers to raise funding for their tokenized assets, giving them access to a global investor base. By removing established middlemen like banks, this platform generates a more democratic approach to funding and asset ownership. Leveraging blockchain technology will set the launchpad to revolutionize corporate asset management and fundraising.
4. Rexas Estate
Rexas Estate lets users invest in properties around the world, buying fractional shares without the high entry costs usually associated with real estate investments, making real estate more accessible and giving investors a diverse opportunity to enter profitable property markets.
https://youtu.be/0OhcIXY2Fhc
Chainlink's Challenges Against New Competitor: Rexas Finance
Compared to the broad uses of Rexas Finance, Chainlink's emphasis on DeFi and oracles is becoming ever more constrained. As tokenization of real-world assets opens new paths for growth that LINK cannot easily access, Chainlink's value has become more limited. Apart from providing a fresh perspective on asset ownership, Rexas Finance is laying the groundwork for large returns—far beyond what Chainlink can present in its current form. Rexas Finance's development path shows great promise. With the initiative in its fourth presale stage, RXS is priced at $0.060 and has already raised over $4 million. Analysts are predicting 6x returns once the token is listed on major exchanges, with some forecasting even higher growth, with projections of up to 10,000% by 2025.
https://x.com/rexasfinance/status/1848519233291854135?s=46&t=AK6m3lQEF1gUjK09CqEPsw
Conclusion: Rexas Finance Is the Future
Although Chainlink might still be important in the DeFi market, given competition is intensifying and its limited reach in the larger financial ecosystem, its chances of reaching $100 or $50 in 2024 are remote. Rexas Finance, on the other hand, is pushing the envelope of what blockchain technology can accomplish by bringing real-world asset tokenization, a market possibly surpassing the current scope of DeFi. Rexas Finance is transforming investments for those looking for real-world usefulness and exponential growth. With real assets tokenized and the platform's innovative tools like Token Builder and Launchpad, RXS is the most exciting prospect in the crypto scene today.
About Rexas Finance :-
Website: https://rexas.com
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