The rate of change in the cryptocurrency market has been high, with tokens going through rapid changes in perspectives with nothing happening for a time until an event happens, for example, an exchange listing. A recent event that drew attention was the NEIRO token’s rise in value after listing on the medial crypto trading platform, Binance.
With the presence of excitement dying down, here comes a very interesting observation: large holders, sometimes referred to as ‘whales’, are taking their profits and selling out. In such a sellout, many are now investing in a token called Rexas Finance, which is an Ethereum token priced below 0.08 USD.Â
NEIRO’s Procedural Rise In Prices And Relative ResignationÂ
The NEIRO token managed to have a procedural rise in price, going to an all-time high of $0.00010, which was almost 1620% higher than the lowest price attained in the month. A trader, Sun, bashed the token and commented on its having ‘swag’ which was one factor that revived the low performance of the token.
The excitement surrounding the crypto token NEIRO was likely influenced by its initial excitement since Sun, in the blockchain space, foresees himself owning cryptocurrencies worth about $994 million. The upward growth of the price was further supported by Binance’s announcement about listing margined NEIRO perpetual contracts, which took place on September 16.
In the past, there were instances when the tokens that were offered for trading by leading exchanges such as Binance appreciated significantly in their value. As usual in the crypto market, such increases do not tend to last. Following this peak, the NEIRO price high began to go down and a lot of their big bags started to liquidate for profit.
The Whale Effect: Profit-Taking in Action
The decline of the NEIRO asset triggered several whales to rush to sell off their holdings as prices started to fall. The Nansen data supported the opposite grievances on the 24-hour trading volume of the NEIRO asset, which reached highs of $202 million when listed compared to only $7.7 million as of writing.
This wide range of trading was exhibited at the time when mainstream tokens were being sold. A notable case involved a wallet that turned $37,648 into $266,300, selling off 1.18 billion tokens along the upward price movement. Another trader was able to churn the amount of $46,900 into $245,560 from investments and de-stacked over 1 billion tokens.
These developments show that a lot of whales are going on to book their profits, as is normally the case in the cryptocurrency world, where volatility prevails. Consequently, the price action that resulted saw NEIRO struggling to hold onto its recent highs, and a lot of investors began searching for other investments in the market.
Rexas Finance: The Other Investment
Following the recent developments regarding NEIRO and the performance due to the panic dumping, the attention of many whales has now shifted to Rexas Finance, a new Ethereum-based venture that is still at its low, right under 0.08 US dollars at $0.05.
Rexas Finance deals with the possibilities of the investment of the Real World Asset (RWA) tokenization, which would be amazing for investors who desire a safe but rewarding expansion of their investment. With a clear roadmap with future aspirational views, Rexas Finance focuses on solving several issues prevailing in the present crypto market, like high latency, high cost of transactions, low liquidity, and many others.
Rexas Finance wants to incorporate within the neo-ecosystem and policies the key technological components, thus expanding it to less complex and costly forms of exacerbated asset tokenization processes. The platform is especially appealing to those investors who are looking for safe investments during volatile times in the market due to its transparency and security.
Market Views and Forecasts
Recent changes in the mood of the markets have provoked interest in Rexas Finance as an alternative to more risky tokens such as NEIRO. However, as the whales reposition their trades, the opportunity of making this much in Rexas Finance cannot be avoided. More investors are expected to join the market for the token as its utility in the tokenization of real assets is recognized.
Where the changes in interest are explained, they are consistent with the trends in crypto in which the projects whose focus and intention are real-world use and sustainability are preferred more and more.
Further, Rexas Finance’s ability to leverage the experience from NEIRO’s volatility may make it a worthwhile investment. Rexas Finance seeks to create sustainable shareholder value by offering a supportive environment for tokenization, which may become commercially appealing in the future as the market changes.
Conclusion
The cryptocurrency market is fluid and volatile and prices are always impacted by the trades made by the whales’ or the larger investors. While NEIRO starts to retrace the gains made after the listing and large investors start to cash out, many investors are setting their sights on Rexas Finance as a possible refuge.
By providing new ways of asset tokenization with a reasonable price, Rexas Finance may grow to be a dominant force in the emerging cryptocurrency economy for the reason that all the value hunters will seek it within the market, which is full of volatility.
For more information about Rexas Finance (RXS) visit the links below:
Website | $1M Giveaway | Whitepaper | Twitter | Telegram