Wall Street helps in bringing to mind the word capitalism. Taking its rightful place within, the confines of New York City, this famous street contains the New York Stock Exchange (NYSE), commercial finance companies, and many more. The last boom cycle in the cryptocurrency market which last happened in 2021 caught the eye of the entire world where quite several investors became instant millionaires. During this time, one former Wall Street trader was in the news for turning a mere $10,000 investment into a whopping $8 million taking advantage of the crypto bull. In 2024 this former Wall Street trader is in the news again pointing out three cryptocurrency capsules to watch in October: Rexas Finance (RXS), Toncoin (TON), and Ripple (XRP).
Rexas Finance (RXS): A Tokenization Revolution
Rexas Finance (RXS) is a blockchain platform that enables the world of digital asset management via tokenization, also is the main highlighted pick by the ex-Wall Street trader. To put it simply, tokenization is the method of transforming any tangible object such as real estate, commercial property, artwork, or even intellectual property into coins on the blockchain. This new technology is introducing fractional ownership of the asset so that it is easy to own and trade shares of a real-world asset which a few years back was unimaginable. At present, Rexas Finance (RXS) is at its third phase of the presale at $0.05 offering investors an opportunity to enter the benefitting platform. The trend is so high that there have been more demands for RXS tokens, which points to a future trend when tokenized assets that are still in their young stage will garner so much attention in the next few months. The ex-Wall Street confluence suggests that Rexas Finance (RXS) could appreciate tremendously, especially with the continued maturation of the tokenization space in the offing. Some early investors could be in a key position to derive healthy returns. As tangible assets that are in the real world become more amenable to the general population thanks to improvements in technology, Rexas Finance presents a new investment opportunity that could be very rewarding for those who wish to catapult into this market.
Toncoin (TON): A Blockchain on the Rise
Toncoin (TON) is yet another cryptocurrency that was under the trader’s radar for October. While its price has recently dipped to $5.78 – down 33.83% in value from its all-time high of $8.29, Toncoin appears to be fighting back. The token is based on the blockchain technology known as the Telegram Open Network established by the developers of the instant messaging service Telegram. Showing promise to bloom in the future, a notable development is the costume of the meme coins exploding on its blockchain. Toncoin is having noteworthy trading volumes due to meme coins which are usually hot or speculated. The concentration of such emerging tokens on the TON blockchain serves to boost the utilization levels of the Toncoin native causing upward price movements.
Ripple (XRP): The Legal Battle’s Impact on Price
Ripple Labs, the issuer of the token, has been engaged in a long-term dispute with the SEC, which claimed that Ripple had sold unregistered securities. For a while, that legal uncertainty kept certain market pressures on XRP erasing its supporters’ hopes. But very recently, in August 2023, a legal victory was won and this stirred up some optimism among investors. Following the ruling, the price of XRP has on average improved from the $0.50 zone to the $0.60 zone. the token has ever been in demand. Despite the encouraging development on the legal front, however, the long-anticipated dramatic price movement has not happened so far. A former Wall Street trader thinks that it remains a token on everybody’s watch, where about in October, it would appoint a specific increase due to positive market sentiment arising.
Conclusion
With the cryptocurrency landscape changing with time, there still exists plenty of opportunities for huge profits. For October, the former Wall Street trader suggests Rexas Finance (RXS), Toncoin (TON), and Ripple (XRP) as three coins that are likely to perform well concerning price appreciation. Investors who are looking for the next big opportunities in the crypto market would be wise to keep an eye on these three tokens as October unfolds.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Win $1 Million Giveaway: https://bit.ly/Rexas1M
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
