As we draw closer to October often referred to as the ‘Uptober’ in the cryptocurrency world which is seen as a good month for the price of crypto
Crypto whales are accumulating some of the best altcoins heading into ‘Uptober,’ which is a month that is usually seen as good for the price of crypto.
In particular, three tokens of this class have seemed to stand out this year to captivate the attention of these rich investors. These are Rexas Finance (RXS), Ripple (XRP), and Toncoin (TON).
So, why are these altcoins still going strong, and why are whales joining the party? Let’s take a look.
Rexas Finance (RXS): The Power of Real World Assets Tokenization
Real-world assets (RWAs) are physical assets like real estate, art, and commodities. These assets are usually locked up and inaccessible to most investors due to their high стоимости.
However, Rexas Finance (RXS) is rapidly gaining a foothold over the tokenized RWA market. The platform allows its users to lock any real assets and mint them into a BEP-20 token.
This token can then be traded on decentralized exchanges (DEXes), allowing fractional ownership to a wider array of investors. Thus, making it possible for high-ticket items that were once enjoyed only by the rich elite.
Whales expect RXS to appreciate as a long-term play as it has use cases and an evolving substructure.
Rexas Finance (RXS) is the native token of the platform. It is used for governance and to pay for transaction fees on the platform.
The total supply of RXS tokens is 100,000,000, with 60% of the tokens allocated to the community, 20% to the team, 10% to early investors, and 10% to advisors.
Why Whales Are Buying Rexas Finance:
Rexas Finance is a decentralized platform that enables the tokenization of real-world assets (RWAs) on the Binance Smart Chain (BSC).
The platform provides a user-friendly interface and a variety of tools to make the process of tokenizing and trading RWAs as simple and efficient as possible.
The RXS token is used to pay for transaction fees on the platform and to participate in governance.
Ripple (XRP): Redefining Cross-Border Payment
XRP is the one digital asset that no cryptocurrency trader claims to be unaware of or does not own.
We have covered Ripple’s legal battles with the SEC extensively. But to summarize the events quickly, XRP has emerged from these fights much better than we predicted and has even won some key cases.
This has boosted the morale of the investors, and XRP is now poised to redefine cross-border payments.
Why Whales Are Accumulating Ripple:
Ripple is a blockchain company that was founded in 2012. The company’s goal is to make cross-border payments faster, cheaper, and more transparent.
Ripple’s technology is used by over 300 financial institutions around the world, including Bank of America, Santander, and Standard Chartered.
XRP is the native cryptocurrency of the Ripple blockchain. The token is used to pay for transactions on the network and to provide liquidity for cross-border payments.
Toncoin (TON): The Open Network Revolution
Toncoin (TON) is the native cryptocurrency of The Open Network or Ton network, which was created by the private instant messenger, Telegram.
The network is designed to be decentralized, scalable, and user-friendly. It features fast transaction processing and low rates, making it ideal for a variety of applications.
Being one of the parts of building Web3, toncoin has also been emerging quickly as one of the major players in the DeFi market.
Why Whales Are Moving Into Toncoin:
Telegram is one of the most popular messaging apps in the world, with over 550 million active users.
The Open Network or Ton network is a Layer-1 blockchain that was created by Telegram.
Toncoin (TON) is the native cryptocurrency of The Open Network. The token is used to pay for transaction fees on the network and to participate in governance.
Conclusion
Looking at the historical trends of the cryptocurrency market, the next several weeks and even months should be a good opportunity for investors who are currently buying Rexas Finance, Toncoin, and Ripple.
Toncoin is targeted towards the upcoming decentralized web, and both Rexas Finance and Ripple are showing signs of mass adoption.
Apart from that, Ripple gives regulatory certainty and mass adoption to the world of cross-border payments. It does not take a crystal ball to see that these three altcoins are likely to be propelling forces in the coming of ‘UptoBer.’
And so the whales are seizing any opportunity to hoist these coins before their prices explode.
以上是Crypto Whales Are Buying These 3 Altcoins Heading into ‘Uptober’的详细内容。更多信息请关注PHP中文网其他相关文章！
