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Cryptocurrency News Articles
Rexas Finance (RXS): The Next Polygon (MATIC) in the Crypto World?
Oct 02, 2024 at 01:38 am
Rexas Finance (RXS) is a new platform that aims at Real World Asset (RWA) tokenization and is believed to be Polygon's next competitor
Whenever cryptocurrency is discussed, there are always compelling stories of tokens reaching astonishing heights, making early investors billionaires in a matter of days.
One such success story that deserves a mention from the past few years is Polygon (MATIC), where the growth rate shot up in the year 2021 after positioning itself as a major player in the space of Ethereum scaling. At present, analysts are stating that Rexas Finance (RXS) can also be seen similarly climbing the charts as Polygon. Let’s understand the factors that are making Rexas Finance get compared to Polygon and how Rexas Finance can be the next big thing in the crypto world.
Polygon’s 2021 Rocket Ride
One of the notable success stories in the cryptosphere was Polygon (formerly MATIC), which in this case achieved the most unprecedented successes by 2021. By January 2021, the price of the token was below $0.02 and spiked approximately $2.68 within the year.
This 10000% increment was spearheaded by the fact that Polygon had a market edge of being the go-to company if any Layer-2 scaling solutions were needed for Ethereum. Over time, as the ecosystem grew, more and more developers started to use Polygon for its great scalability features, which resulted in the high demand for the MATIC token within the Ethereum ecosystem.
Investors that entered the Polygon early on enjoyed the rewards of the rush and currently many in the crypto space are now on the quest for the next big project that can reap them similar benefits. Rexas Finance (RXS), which made headlines recently, is a new platform that aims at Real World Asset (RWA) tokenization and is believed to be Polygon’s next competitor, as many analysts speculate.
Rexas Finance (RXS): Bringing Real-World Assets to the Blockchain
Transnational assets with real-world use cases are being converted via blockchain technology by Rexas Finance, which keeps the blockchain secure. In its mandate, the platform seeks to change the business of how physical assets like properties, art, goods, and others are issued, exchanged, and divided in the blockchain. Realty parties have gained access to a wider range of investors without eliminating real estate assets and have solved the problems with conventional financial markets, which have poor liquidity, enormous fees, and are not very transparent entities.
In the same vein, as Polygon addressed the problem of scalability on the Ethereum platform, Rexas Finance is currently bringing in solutions to the problems faced in asset management. The emerging technology of the platform, together with the booming market for RWA tokenization, has led to RXS being touted as able to capture a premium position in the crypto market with an accelerated adoption rate akin to what was experienced with Polygon back in 2021.
Analysts See Parallels Between RXS and MATIC
In terms of timelines, analysts are putting Rexas Finance in the same position where Polygon was in 2021. One dominant feature is the usage of the RXS token around which the ecosystem of Rexas is built. Sovereign nations in most cases have their currencies and on platforms such as MATIC for various transactions and staking, RXS will be vital for real assets on the Rexas platform.
In addition, both Polygon and Rexas Finance are aimed at problems in the real world that can be addressed with blockchain technology.
The influx of users in Polygon can be attributed to its headways in the improvement of the Ethereum Network, while Rexas Finance seeks to tackle the shortcomings that characterize the conventional asset management sector through blockchain-based assets. This practical, real-world application is what explains the long-term value of a project, and that is one of the reasons why analysts believe Rexas Finance will rise like how Polygon has.
Rexas Finance Presale: Great Opportunity for Early Adopters
Among the most appealing factors to potential investors is the ongoing presale of Rexas Finance RXS token. In the current stage of the presale, many investors can buy the tokens, which are called RXS in this case, at a low price of $0.05 as the token has not yet been made available on bigger exchanges. In this setting, the presale has a clock, and the investors that get in last will be buying the token at a higher price compared to those that got in early.
The deadpan statement of the analysts is because there is a great need for RWA tokenization. Given the increasing realization of the merits of tokenizing real-world assets, proxy traditional lending platforms should also get quick adoption. If it goes on in this fashion, the RXS token will also get valuable appreciation, just like how the demand for Polygon also appreciated following the growth of the economy of the Ethereum ecosystem.
Rexas Finance’s Ecosystem: Barriers to Growth are Eliminated through Technology
The other aspect that excites the analysts when it comes to Rexas Finance is its ecosystem. With Rexas, it is not
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