The post Ethereum (ETH) Price Prediction: Buy, Hold, or Sell in October 2024? appeared first on Coinpedia Fintech News
Ethereum (ETH) is once more under focus as the market for cryptocurrencies undergo yet another cycle of instability. As of writing, ETH is trading at $2,644.70. From its top of $4,100, ETH has plummeted 43.33% and is still heading down; analysts project that it may reach its next support level of around $2,098. Ethereum-owning investors could be asking whether right now is the moment to buy, hang onto, or sell. October 2024 could be an excellent moment to sell ETH given the slump, particularly if Ethereum keeps sliding into the crucial support level to help prevent more losses.
But when Ethereum approaches $2,098, a wise substitute would be Rexas Finance (RXS). A rising star in the real-world asset (RWA) tokenizing scene, RXS presently sells for $0.060 after tripling its value from $0.030. As ETH continues its declining trajectory, investors should carefully consider turning their attention to this exciting token as RXS prepared for a 234.33% leap to $0.20 showing a potential breakthrough higher.
Ethereum’s October 2024 Price Forecast
Though recent pricing patterns point to a difficult future, Ethereum has long been regarded as the second most important cryptocurrency behind Bitcoin. ETH lost around 43.33% of its value after peaking at $4,101 and entered a protracted declining period. Ethereum seems on its way to test the next support level at $2,098 from $2,644.70. ETH might recover should this support level hold, however, the present attitude points to an ongoing short-term declining trend.
Should ETH keep its declining trend, investors who paid more for their purchases may suffer losses. Selling now and waiting for a better re-entry point around the $2,098 support could thus be a wise action. Ethereum is still a long-term powerhouse with applications in DeFi, NFTs, and smart contracts, but short-term market activity points to reason for worry. However, what should investors do while Ethereum’s stabilization is under process? Investigating other prospects like Rexas Finance (RXS) may be more profitable than hoarding ETH through a possible slump.
Rexas Finance (RXS): the October 2024 Smart Investment
Although Ethereum is experiencing short-term volatility, Rexas Finance (RXS) presents a special investment possibility with possibly explosive returns. Rexas Finance, an RWA token, is devoted to tokenizing actual assets, therefore bridging the gap between blockchain technology and conventional asset markets. Tokenizing priceless commodities like real estate, gold, and art opens them to a worldwide audience by means of this invention.Â
Rexas Finance, currently valued at $0.060, has already had a 100% price rise from $0.030; analysts project that as it passes through its presale stages, RXS will rise by 234.33%, finally reaching $0.20 which is its launch price. Once Rexas Finance is listed on prominent exchanges at its $0.20 launch price, the token might break out and achieve $7, giving investors an amazing 11,566% gain from its present level. Rexas Finance is not only another altcoin; thanks to blockchain technology, the $121.2 trillion gold market and the $379.7 trillion real estate market will be accessible, therefore transforming the real-world asset scene.
The simple token builder of the platform lets anyone tokenize their assets without writing any code, therefore creating a universe of investment possibilities. Furthermore, Rexas Finance has adopted a community-first approach by excluding venture capital financing, therefore guaranteeing that individual investors, rather than VCs gain from its success. Furthermore guaranteed by Rexas Finance’s CoinMarketCap listing is openness and lets investors monitor its development instantly. Rexas Finance is providing a $1,000,000 USDT giveaway during its presale and twenty lucky people have a chance to win $50,000 worth of RXS tokens each.Â
In Essence, Sell Ethereum And Buy Rexas Finance.
Investors have a good chance to invest in Rexas Finance instead of Ethereum, as its price is to drop to $2,098 before any possible rebound happens. Rexas Finance is poised to exceed Ethereum by a great margin with its present price of $0.060 and could skyrocket to $7 to offer 11,566% gains.
Rexas Finance is a far more attractive investment for individuals trying to avoid short-term losses with ETH since it combines real-world asset tokenizing with an easily available, creative platform. Don’t miss the presale of Rexas Finance; this might be your opportunity to take part in a project ready to transform the field of real-world assets and yield great returns for early investors.
About Rexas Finance :-
Website: https://rexas.com
