For a long time now, Ethereum (ETH) has held its fort as the dominant force in the crypto universe but is it realistic to predict that it will fulfill the appetizing $3500 price tag in 2024? Still, with the comforting price hovering at about $2,308 and brushing shoulders with a serious technical resistance level of $4,300, breaking that ceiling will be an uphill task. However, even without that, the hope of achieving $3500 remains a pipedream or may remain as just a dream. But do not lose hope. Even if this target proves to be elusive for Ethereum, some promising competitors will be able to offer explosive growth in 2024. So, let’s try to understand this thesis about the weakness of the $ 5,000 expectation on ETH, and present a round-up of 3 major players that could change your fortune.
Is $3500 Even Possible In 2024 For Ethereum?
First, of all, ETH’s price has been stuck in such a range for too long as a consolidation pattern, and with heavy resistance at $4,300, the trail to $3500 seems to be a long shot. For Ethereum to escape this area it quickly requires an aggressive push to the upside, and there’s no certainty that it will happen. The great thing about today’s market is that there are countless players, and each of them has the potential to do blockchain even better. While Ethereum continues to face crucial scaling and gas fee issues, competitors are taking over rapidly. To put it differently, competition is already creeping into the leadership position that has historically been occupied by Ethereum, and whereas it still constitutes a good investment, it may in 2024 be overshadowed by some rapidly expanding competitors.
Rexas Finance (RXS): A New Contender with Massive Potential
Rexas Finance (RFX) has started to gain some ground with its unique marketplace for tokenizing any kind of assets which addresses issues in Real Estate and the like. Regardless of one’s location on the globe, Rexas Finance has made it easy for its users to purchase whole or fractional pieces of precious physical, movable, or real assets, be it property or precious materials, or artworks and collections. Rexas Finance is ideal for anyone; even those who wish to purchase a small portion of a luxury New York City condominium or foreign artwork can use it. RXS is currently priced at only $0.040 and has risen by 33% from $0.030 within five days. The list price of the token is expected to go for $0.20 in the first quarter of the year 2025, and if the aggressive indicators are anything to go by, Rexas Finance could appreciate by an astonishing 15,000% and touch $30 once it goes live on the exchanges. That’s returns of investment that are not daily visible. Rexas Finance is not an ordinary token, it is an investment platform that will change the way investors buy real-world assets. While it is clear that Ethereum is working hard to break its $5000 levels, Rexas Finance is up and about where the skies will be the limit. If you are in the market for an Ethereum alternative that could give you incredibly high returns, then RFX should most certainly be one of them.
Polygon (POL): A Layer 2 Solution ready and Blessed with Millions
Next, we have Polygon (POL) previously MATIC. In the present world, Polygon is the preferred layer two solution for Ethereum which ensures quick and less costly transactions making the Ethereum network more scalable. Only recently Polygon moved from MATIC to POL, and, consequently, this migration already elevated the token by 20.59%. By the end of 2024, due to the development of its ecosystem, Polygon is likely to achieve new heights. What makes Polygon so attractive? Well, for one, it’s resolving two of the greatest problems of Ethereum – Scalability and high gas costs. As decentralized applications (dApps) and other blockchain-based projects adopt more and more Polygon networks because of its low price and high speed, POL will more likely be in demand. In addition, with the confines of Ethereum, scalability will therefore allow Polygon to become ubiquitously favoured as the Layer 2 solution to which the early investors may reap massively. Therefore, if you seek an alternative to Ethereum, one that will take advantage of Ethereum but also improve on what Ethereum lacks, then Polygon is an excellent choice.
XRP: A Legal Win and a Potential Expansion
XRP, however, has not escaped the attention of such considerations as should the last claim apply to the digital token today, it has emerged victorious from a protracted court case with the SEC and is ready for a price appreciation in 2024. Once the courtroom dust settled, XRP returned to the good books of the investors and analysts even projected that it would increase to the tune of 2300%. The resolution of its legal issues implies that XRP can now shift its attention towards its role as a global payment solution. It’s already the fastest, most reliable, and most cost-effective of them all. And it is at liberty to scale. It hasn’t got one legal storm cloud in the way regarding regulatory hurdles. For investors with an eye on the competition, consider XRP as an Ethereum challenger. With an appreciated product and market conditions returning, it will make a decent value investment in 2024.
Conclusion
While there are many possibilities of Ethereum touching $3500 in 2024, it seems highly improbable. On the other hand, RXS is at the basic stage of development and will be fully captured by the market next year. Rexas Finance, Polygon, and XRP have coloring abilities and are among the top three that are likely to make huge earnings in the foreseeable future. No matter your preference and appetite for risk: be it a huge upside with Rexas Finance, a scalable Layer 2 platform such as Polygon, or a durable cross-border remittance network like XRP – all these options are pretty much worth considering.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
