The Rise of Solana (SOL)
SOL was introduced in February 2020 during the early days of Interest in DeFi and Blockchain, which was gathering its strength. For most of that year, SOL was not an active player and was oscillating within the $0.50 to $1.50 range. For the wise and the patient like the Solana millionaire, it meant another window of opportunity that remained unexploited. In May 2021, it was observed as well that the price of SOL jumped to $55.91, which made the investment public expand its interest even broader. By July 2021, for example, this asset and its price dropped to quite low $23.49 but that was not an indication that the SIP would stop going up.
Solana rose to its record high of $258.93 in November 2021, making Solana a recognized top ten cryptocurrency in the world. For the initial investors, such as the earlier mentioned Solana millionaire, this was a huge and sudden life-changing cash. Buying the token at $0.5 and selling it at $250, this millionaire experienced 500x their original money.
A New Bet on Rexas Finance (RXS)
Solana millionaire has now set his eyes on another altcoin worth less than $0.10 – Rexas Finance (RXS). Rexas Finance is a platform where users can tokenize real-world assets on the blockchain. Its ambition is to bring complex assets like real estate, arts, commodities, and intellectual properties to the fingertips of everyone all over the world, using the digital assets trading ecosystem offered by Rexas Finance. At present, in the 3rd phase of its presale, Rexas Finance is attracting both early investors and savvy traders. In the 2nd phase of presale for $0.04 per token, 20 Million tokens were sold in an unexpected timeframe raising $1,250,000. This fast sell-off suggests the growing interest based around the project. What is more interesting is the fact that the Rexas Finance team did not look for investments from VCs but rather wanted the community to be involved in this amazing undertaking. Veteran investors have taken note of the altcoin’s potential, especially those who made early bets on Solana. Right now, the RXS price level also presents those who believed in Solana for the first time when it was selling for $0.5. This foray by some of the Solana millionaires into RXS tokens at this point indicates that this could be the next big thing in the crypto world.
