Key cryptocurrency market events include the successful completion of Rexas Finance's stage 2 presale, Solana's growth prospects in the fourth quarter, and Shiba Inu's breakout from prolonged consolidation.
Rexas Finance Completes Stage 2 Presale
Rexas Finance (RXS) concluded the second stage of its presale in 12 days. Token priced at $0.040 brought in $1.25 million. In the next stage, RXS will be priced at $0.050. The presale success highlights the growing interest in the platform that uses blockchain technology to revolutionize asset transactions, including real estate and commodities. The platform offers fractional ownership of high-value assets accessible globally.
Solana's Q4 Prospects
Solana (SOL), known as the 'Ethereum Killer,' is expected to see substantial growth in the fourth quarter following a recent 10% price spike after Federal Reserve rate cuts. SOL surpassed the $140 level, showing renewed market confidence. Analysts forecast further price increases up to $160 and beyond, driven by growing buying pressure and an increase in the Relative Strength Index (RSI) to 61.80. SOL has shown market resilience, which could attract more interest from institutional and retail investors.
Shiba Inu Forecasts
Shiba Inu (SHIB) is showing signs of breaking out from a 75-day consolidation around $0.000014416 support. Expanding Bollinger Bands indicate potential market rally. Analysts suggest SHIB's price could increase to $0.00002949, a 110% gain. This outlook is supported by whale and large trader accumulation, as well as increased whale ownership to 60% of total supply.
The cryptocurrency market is experiencing significant changes: Solana is preparing for a vertical move in Q4, Shiba Inu is anticipating a breakout after prolonged consolidation, and Rexas Finance is successfully completing its second presale stage, showing growing investor interest.
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