The still-maturing nature of the cryptocurrency space has more than a few investors looking at Solana (SOL) hoping to attain once again it’s all-time high (ATH) of $259 last seen in 2021. With major progress in its ecosystem, other analysts believe that Solana can come back to those heights, although it is more likely that the conditions on the market require for that to happen, fully, will exist only in 2025.
But with Solana readying itself and making all necessary moves for its revival, new and new opponents come up providing cool options for those hunting for quality despite October kicking in. Some of the rivals that cut through the middle of all other challengers are Rexas Finance (RXS), Ethereum (ETH), and Polygon (POL) all promising solutions. Here, we detail why these three projects are worth looking at and investing in, together with Solana.
Solana’s Journey to Reclaim $259 ATH
With its superior low-cost and high-speed blockchain, the Solana network witnessed rapid growth over the year 2021 attracting a lot of developers and projects from the DeFi and NFT space. After all of the failures of the last 2 years, however, SOL’s price inflation retraced a lot for quite several months. Currently, the token is trading at an average of about $145, which means a lot of work still needs to be done before reaching all-time high levels but most of the market watch analysts feel that the next bull cycle will be the turning point for SOL.
Considering its efficiency with more than 65,000 transactions per second and very low costs, Solana is poised in favour of tapping and growing in future markets. Further network stabilization improvements as well as growing usage of NFT marketplaces like Magic Eden to elevate its value towards the $300-$450 mark over a one to two-year period. Some suggest that by 2025, the year in the future blockchain will be adopted by all business dealings, and Solana could see ATH once again.
Rexas Finance (RXS): The Asset-Backed Token that is on The Rise
While Solana is a better technical implementation, Rexas Finance (RXS) is thrilling because it specializes in real-world asset tokenization. By issuing various commodities and instruments using simple technology Rexas Finance creates investments in equality for society by breaking the barriers to investment in various commodities which used to be difficult to tap into. At present, in the third stage of the presale, Rexas Finance has made quite an impression on investors with tokens being sold for $0.05.
The earliest presale scenarios were exhausted which bears testament to the hope in the project. According to analysts, Rexas Finance will go beyond $10 and $15 in the mid-year of 2025 due to its unique value in the RWA sector. Bringing both traditional finance and DeFi economically makes RXS competitive in both institutional and retail markets. With a healthy ambition of a liquidity culture, a transparent policy, and a low entry barrier, Rexas Finance is ready for the future of explosive growth, which creates a unique possibility for investors looking for high profits in the next couple of years.
Ethereum (ETH): The DeFi and NFT King
What more evidence can one show in regard to blockchain rivalries without mentioning Ethereum (ETH)? Ethereum (ETH), which is the pioneering Smart Contract Platform, is still the leading platform among DeFi, NFT, and dApps. With the successful rollout of Ethereum 2.0 and a shift away from PoW mining, there has been a beneficial reduction in utility costs. Hence, the platform is attracting more developers and investors.
As of now, Ethereum is priced at about $2648 and this coin has been regarded as a blue-chip coin forever. Nevertheless, with layer-2 scaling solutions such as those developed by Optimism and Arbitrum continuing to progress, along with increasing involvement of institutional investors, this price target of $5000 and beyond by the year 2025 does not seem to be far-fetched. Looking at the emerging trends, Ethereum offers safe bets for investors in longitudinal interests within the decentralized network of networks.
Polygon (POL): A Smart Solution for Ethereum’s Scalability
As the strong growth of Ethereum’s ecosystem continues, the need for effective high-performance solutions has become of special concern. This is where Polygon (POL) comes into play. Designed to be used as a layer-2, polygon extends the capabilities of the Ethereum network and improves its transaction throughput. Its sidechain technology provides rapid and economical transactions, therefore a nice selling point for developers and businesses wanting to develop applications on Ethereum without incurring high gas costs.
With its current trading price at $0.40, Polygon is way below its intrinsic value. There has been rapid growth in adoption with major DeFi and NFT projects taking advantage of Polygon’s infrastructure to make the user experience better. Due to the requirement for Polygon in the goal of scaling Ethereum, by the year 2025, some analysts predict Polygon prices could rise to or fluctuate between $5 to $10. For those investors who wish to tap the opportunities of Ethereum but are not keen on buying the expensive ETH, they can go for Polygon, which is a cost-effective and decent option providing immense growth.
Conclusion: Major Competitors to Look Out for in October
As Solana strives to recover its previous all-time high of $259, other competitors like Rexas Finance, Ethereum, and Polygon, continue to attract investors with what they bring and offer along the growth path. Investors looking for high-possibility returns will find Rexas Finance’s approach of tokenizing real-world assets a perfect fit.
Though relatively in a modest standing, the use of Ethereum as the base layer of DeFi and NFT has great prospects. Polygon is also positioned as a cheap, highly scalable solution within the Ethereum environment. As we head to October 2024, these three projects are very good diversification options in any crypto portfolio, besides Solana, as they also have good mid-term growth prospects.
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
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
