November is about to see a major shakeup in crypto asset holdings as investors look to let go of some cryptos for other promising alternatives. This month, Toncoin and Dogecoin might take a hit as they trade near the overbought zone. Others, like Rexas Finance and PEPE, however, have the potential for significant benefits. This article looks at two cryptos that may be due for a drop and two others with promising growth possibilities.
Toncoin (TON)
After surging to its all-time high of $8.25 in June, Toncoin, the popular telegram-affiliated crypto, has seen a major dip in fortune. Currently trading at $4.482, Toncoin has shed nearly half of its June gains to profit-taking. In October, Ton saw a huge number of accumulations from whales and retail investors. However, this has pushed its price toward the overbought zone. Recently, Toncoin's price has struggled to maintain momentum, encountering resistance near the 20-day EMA and moving closer to a support zone ranging from $4.44 to $4.72. Failure to hold this support might result in a bearish head-and-shoulders pattern, with a probable drop to $3.50. Given its susceptibility to market pressure, TON could be poised for a downturn, making it a strategic asset to sell before losses worsen.
Dogecoin (DOGE)
After surging over 50% in October, Dogecoin appears to be nearing serious trouble. DOGE's recent spike has resulted in profits for many holders, with over 5.46 million addresses now "in the money." However, with most investors already making a profit, a sell-off is possible. This is evidenced in the recent drop of notable amounts of DOGE to exchanges as the price dropped 5% in the past day, trading at $0.1515. This increased sell pressure, combined with Dogecoin's high volatility, may result in a price drop, making it a potentially profitable sell before any fall occurs.
Rexas Finance (RXS)
Rexas Finance (RXS) is heading the news for its novel approach to real-world asset (RWA) tokenization. Rexas Finance uses blockchain technology to "tokenize" physical goods, turning them into digital tokens that can be traded. This new concept makes highly valuable investments more accessible by letting more people own little bits of assets like real estate and commodities. Modern technologies such as blockchain, artificial intelligence, and smart contracts—which increase liquidity, openness, and investor accessibility—have especially been included by Rexas Finance. Rexas Finance’s presale journey has been so remarkable. RXS is currently in its stage 5 presale. The project has sold over 112 million tokens and raised $5.56 million, establishing itself as a leader in the RWA sector. RXS tokens are currently priced at $0.07, with an ultimate listing price of $0.20 expected, representing a 240% return on investment. The platform's CoinGecko and CoinMarketCap listings add to its credibility, providing real-time tracking ahead of its planned launch on major exchanges. By reducing entrance obstacles, Rexas Finance aims to attract both individual and institutional investors, changing traditional finance as it tops the November must-buy cryptocurrency list. With its eye on a market worth over $400 trillion, Rexas Finance is bound to see a meteoric rise in price, with analysts projecting an over 8700% rally post-listing.
PEPE
PEPE has recently gained traction due to its 60-day breakout potential. Since late September, PEPE has been trading inside a fixed range, and on-chain data shows a 27% increase in daily active addresses. With a bullish mood supported by good social media discussions, PEPE's current position near resistance indicates potential for higher growth, making it an appealing buy this November.
As Rexas Finance continues to pioneer RWA tokenization, it provides a great opportunity for early investors, as the presale price of just $0.07 remains generally affordable. Also, early investors have an opportunity to be among the 20 winners to earn $50,000 worth of RXS in the ongoing $1 million giveaway. Don't pass up the opportunity to join this breakthrough platform and capitalize on its growth before the final listing.
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
Pooja Lodwal is a skilled crypto writer with three years of experience in blockchain and digital currencies. She simplifies complex topics, making cryptocurrency easy to understand for all readers. Whether it’s Bitcoin, altcoins, NFTs, or DeFi, she breaks down the latest trends in a clear and engaging way. She stays updated on market news, price changes, and emerging developments to provide valuable insights. Her articles help both beginners and experienced investors navigate the ever-changing crypto landscape. Pooja believes in blockchain’s potential to transform the future of finance and is passionate about sharing her knowledge. Her writing is simple, informative, and accessible, ensuring that even newcomers can grasp key concepts with ease. By breaking down complicated terms, she makes learning about crypto enjoyable. Through her work, Pooja continues to educate and inspire readers, helping them stay informed about the exciting world of digital assets.