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In recent weeks, Ripple’s XRP token has risen 400%, becoming one of the most discussed online and offline discussions. XRP has soared on the back of the growing interest of Gen Z investors and TikTok influencers as it briefly became the world’s third-biggest cryptocurrency.

However, there is another altcoin to watch in the decentralized finance (DeFi) space, which is also gaining traction rapidly, namely Rexas Finance, which is preselling for over $26 million.

With social media playing a role in the investment trends, both XRP and Rexas Finance are picking up with retail investors looking for high-potential assets.

TikTok virality and Gen Z FOMO (fear of missing out) effect also added to the massive price rally of XRP by over 400% recently. Viral TikTok videos fueled massive buying activity, drawing retail traders to the #XRP hashtag and interest in the cryptocurrency.

Yes, TikTok’s algorithm put XRP in front of millions of young investors, and the surge kicked off with positivity surrounding Ripple’s success against the SEC.

It has led these users, many of whom consider buying XRP below $2 as more affordable than incredibly priced assets like Bitcoin and Ethereum, to flood the market with new retail liquidity.

Particularly, Gen Z are  being hit hard by the FOMO effect in crypto where they view crypto as a primary investment option. In a shift from traditional investment choices such as stocks, Gen Z now prefers cryptocurrencies, according to the surveys.

For this younger generation, as they continue to take social media by storm, their collective influence in the price of XRP is undeniable.

In time, TikTok will elevate crypto trends that may drive XRP to surpass its 2017 all-time high by as soon as 2025, explain experts, largely fueled by social media exposure.

Recent months have also witnessed the rapid growth of Rexas Finance, a new decentralized finance (DeFi) project that has made its way into the competitive DeFi market.

The project’s token presale has been a major success with over $26 million of the $26.375 million raised, nearly its entire allocation sold already at 99.16%.

Lastly, our goal at Rexas Finance is to build out a decentralized ecosystem with multiple DeFi services, including stakes pools.

The token’s price will increase in the following presale stage, as the RXS token currently costs $0.150, yet the token has proved quite popular.

The tokenomics for Rexas Finance include a capped total supply of 1 billion RXS tokens, 42.5% of which will be available in the presale. 

The remaining tokens are spread out to liquidity, marketing, staking pools, etc. Rexas Finance wants to incentivize long-term community participation by allocating 22.5% of the total supply for staking and rewarding users with tokens.

This structured allocation also demonstrates the project’s aim to create sustainable growth in the DeFi space. Rexas Finance has also secured investing by taking strong presale measures, and its presale performance has been strong.

To prevent loss, the platform has said not to make any direct token transfers to addresses, as it will not reverse stolen funds. It’s not enough to be good at DeFi—this emphasis on transparency and security is also imperative for gaining trust amid a sea of rivals.

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

The post How TikTok and Gen Z fueled XRP's 400% monthly candle and the new trending altcoin appeared first on Invezz

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