Cryptocurrency giants Ethereum and Polygon encounter challenges as Rexas Finance swiftly gains popularity. We explore the reasons behind these shifts.
Ethereum Price Struggles
At the start of January 2025, Ethereum, the second highest valued cryptocurrency, saw a significant price drop. From an initial trading price of $3,197.51 per ETH, the value decreased by 7.9% to $2,964.07. Market analysts note that ETH faces strong resistance in the price range where over 4 million coins are held at unrealized losses, complicating significant price increases.
Polygon's Slow Momentum
Currently, Polygon's native token, POL, is priced below $0.45, significantly below its all-time high of $1.29 in March 2024. Over the past week, POL has decreased by 4.90%, underperforming the global cryptocurrency market, which fell by 1.00%. However, POL outperforms other cryptocurrencies in the Smart Contract Platform category, which decreased by 7.40%. The current POL price movement lacks strong momentum; analysts say that as long as the $0.45 support level holds, sideways price action will continue.
Rexas Finance: A Rising Prospect
Rexas Finance emphasizes tokenizing real-world assets, allowing users and organizations to fractionalize ownership of such assets like intellectual property, fine art, and real estate. The project has raised about $39.5 million, selling 416.5 million tokens. Rexas Finance has also been audited by Certik, adding confidence to the investors. Analysts predict that the token's price could reach $5 or even $10 next year.
The crypto industry continues to evolve, offering new opportunities for investors. While even key players like Ethereum and Polygon face challenges, new projects like Rexas Finance offer innovative solutions and growth potential.
