2024-09-30 06:57:59 by CoinGape

Following Polygon’s 86% drop from its all-time high, a well-known crypto whale has sold off all of their holdings in POL. Polygon had a significant loss in value for long-term investors when it dropped from $1.29 in March 2024 to $0.40. The Whale’s dissatisfaction with Polygon’s declining performance has caused them to turn their attention to two other tokens showing far more potential: Solana (SOL) and Rexas Finance (RXS), the latter of which is presently priced under $0.08. Polygon’s Price Struggles Continue Post-POL Migration Investors are worried about Polygon’s (POL) huge drop from its all-time peak. The token stays much below its March 2024 peak, when it reached $1.29, even if the price has seen a 7.4% increase this week. The Whale in concern seems to have lost faith in the token’s capacity for recovery since they had accumulated a large amount of POL. Polygon’s downtrend started shortly after the March peak. By April 13, POL had tumbled to $0.6. The token consolidated around this range till it saw more dip in August-September when it bottomed to $0.36. Technical indicators show POL might peak from its current $0.40 to $0.72 if it can maintain the current price recovery, triggered in part by the latest POL upgrade and general market positivity following the recent Fed rate cut. Although on-chain data shows whale accumulation, some big holders have been forced to sell their holdings in response to little price movement and fears of another major dip in the coming months. The decision of this Whale to leave POL marks a change in attitude as big holders start to search for better grounds. Solana (SOL): First Token of Choice Eyeing ex Surge The first token the Whale has moved their capital into is Solana (SOL), a well-known blockchain with amazing scalability and speed. Solana is up 14% this week; right now, it is $149.79. Because of the rising demand for dApps, meme coins, and NFTs created on the platform, analysts project a possible three-fold price rise. Solana’s price could be pushed beyond $400 since its low transaction fees and capacity to manage more than a thousand transactions per second draw developers and consumers.Solana’s recent partnership with Citibank and Franklin Templeton supports long-term sustainability. With 80% positive, the SOL community sentiment is extremely bullish. Moving 60% of their Polygon portfolio into Solana by the Whale shows belief in the blockchain’s long-term viability and capacity to keep its user base. Rexas Finance (RXS): Rising Star with 7500% ROI Rexas Finance (RXS), a rather recent participant in the blockchain scene but one with great potential, is the second token the Whale has noticed. Priced under $0.03, RXS is becoming more and more popular because of its creative approach to actual asset tokenizing. The platform brings actual value to the blockchain by letting users easily tokenize assets like real estate and commodities. While its GenAI tool gives artists and creators a unique approach to creating digital art for NFTs, its decentralized finance (DeFi) solution allows flawless trading across several networks. Rexas Finance’s launchpad also offers a safe space for token sales, reinforcing its attractiveness. Having raised over $1.5 million in presale, the token has already shown great demand. Hence, it presents a good investment opportunity for anybody wishing to enter the blockchain market. With a listing price of $0.20 projected once the presale ends, RXS’s value is expected to climb as the presale runs. Following the exchange listing, experts predict RXS might surge by 7500%. The Whale’s choice to move 40% of their Polygon investments in Rexas Finance shows a calculated shift toward a token that shows not only long-term promise but also a physical link to real-world assets—something that is growingly valuable in the crypto market. Conclusion Solana and Rexas Finance are becoming the new favorites of the Whale as Polygon’s future seems uncertain. These two tokens offer great substitutes for investors trying to diversify their portfolios, given Solana’s scalability and Rexas Finance’s creative real-world asset tokenizing system. Smart money investors are gravitating toward initiatives with real-world use cases and great long-term promise, like Rexas Finance, as the crypto market witnesses notable investment shifts. 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 Disclaimer: This Content piece is for information purpose only and should not be considered as legal, financial, or investment advice. However we receive commission for sponsored additions and The author or the Coingape News Media does not hold any responsibility for your personal financial loss. Also, Our review methodology is comprehensive and based on in-depth research analysis of our editorial team. We are committed to protect our readers' information and adhere to our privacy policy. Please visit our terms and conditions page for any other clarity on our services and full disclosure.