Veteran Trader Flips Bullish on Polygon (POL) and Rexas Finance (RXS): Here’s Why Now Is the Best Time to Buy

Investors trading cryptocurrency have always needed to look for good promising assets on the market with high growth potential in the future.

A veteran trader has recently turned his attention to buying Polygon (POL) and Rexas Finance (RXS). Since there are notable bullish signals for both cryptocurrencies, this article seeks to elaborate on why this is the best time to invest in cryptocurrencies.

This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.

The Bullish Signal in Polygon (POL)

Polygon is one of the players in the crypto market-making headlines, especially with the emergence of a bullish divergence signal appearing on the daily time frame chart. This technical indicator appears to be an indication of a trend change as in this case, the downward trend may be coming to an end with an upward bullish run waiting to take place. The Relative Strength Index has formed a classical bullish divergence which points to a potential change in price direction. Due to this bullish reasoning, Polygon has been able to surge more, with the last report showing an increase of 65% over the period. At the moment, the price of Polygon stands at $0.3754, with a slight gain of 2.45% for the past twenty-four hours. With this upturn in the price, and the encouraging technical factors accompanying it, Polygon seems to be the best place for traders that seek to realize profits at their maximum potential. The protocol on which POL is based serves its reputation, as its implementation addresses the actual problems of the Ethereum blockchain, particularly its scalability. 

With the popularity of DeFi and NFT with more applications being developed, Polygon is well placed to reap from this market. The projected expansion of the dApps market ecosystem also adds weight to the view that POL is headed in a bullish trend.

Rexas Finance (RXS): A Promising New Entrant

Although Polygon shows strong prospects, the experienced trader has shifted his interest to Rexas Finance (RXS), a relatively new player in the cryptocurrency scene. Rexas Finance is currently priced at only $0.06 and is moving into the 4th stage of presale after raising more than $3.5m already. Such an outcome of the presale attests to the project’s viability as demand keeps growing. Rexas Finance is looking to make a bold move into the market of real-world assets whereby they will allow individuals to issue tokens representing real-world assets on the blockchain.  The very presence of the project on CoinMarketCap increases the rank of the project and enhances its image by attracting a larger number of users. Rexas Finance (RXS) has launched a giveaway campaign whereby they are giving away a sum of one million dollars that has more than 121,000 people and counting. It is positive to note that the level of participation recorded is likely to be very critical in determining the level of interest and support that the projects will get from the other coins in a long-run perspective.

Why Now Is the Best Time to Buy

The positive news flow surrounding Polygon and Rexas Finance is likely to present investors with a very good chance. At the moment, the two tokens are in a very favorable market, the bullish divergence on Polygon is a good case in point and even the presale of Rexas Finance is indicative of a high level of interest. It is also attractive garnering long-term growth potential; Polygon is going to excel in the growing DeFi and NFTs while Rexas Finance is all about tokenizations of assets where there is a high demand for good investment opportunities. Rexas Finance (RXS) community engagement such as the recent successful giveaway campaign by Rexas Finance is also a positive indicator of the price as well as the demand to grow in the future. As the prices are now steep for both tokens, it would be the best time to consider accumulating these tokens in readiness for price appreciation in the future.

Conclusion

The cryptocurrency market tends to be characterized by extremities concerning the prices of different tokens. But in the case of Polygon (POL) and Rexas Finance (RXS), both the market and technical conditions as of now suggest further growth in the prices. Investing in these cryptocurrencies which have potential helps traders because as both software projects develop further there may be new geographical expansion. Be among the first to take advantage of early adopters and endorse Polygon and Rexas Finance to your investment aspirations.

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 publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.