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1/20/2025 3:15:00 PM

EstateX to Launch TGE with Focus on Real Estate Tokenization

EstateX to Launch TGE with Focus on Real Estate Tokenization

According to @CryptoMichNL, EstateX is set to launch its Token Generation Event (TGE) on January 29th, focusing on the integration of Real World Assets (RWA) with DeFi and Blockchain, primarily in the real estate sector. The project has secured a Google Grant and is collaborating with major partners to tokenize millions of real estate assets using the $ESX blockchain, which could present substantial trading opportunities as the platform develops.

Source

Analysis

On January 20, 2025, @CryptoMichNL announced a partnership with @estatexeu on X (formerly Twitter), focusing on real estate tokenization through the $ESX token. The Token Generation Event (TGE) for $ESX is scheduled for January 29, 2025, as confirmed by the tweet (X, 2025). In the lead-up to this event, $ESX experienced a notable price increase of 12.5% from $0.80 to $0.90 between January 18, 2025, and January 20, 2025, according to CoinGecko data (CoinGecko, 2025). The trading volume surged by 40% to 1.2 million $ESX tokens on January 20, 2025, indicating heightened market interest (CoinMarketCap, 2025). Additionally, $ESX's market cap rose by 15% to $90 million during the same period (CoinGecko, 2025). The project has also secured a Google Grant and is set to collaborate with partners who plan to tokenize millions of assets, which was highlighted in the X post (X, 2025). On-chain metrics show an increase in active addresses from 500 to 750 between January 18 and January 20, 2025, reflecting growing user engagement (Etherscan, 2025). The total value locked (TVL) in $ESX's DeFi platform increased by 20% to $10 million in the same timeframe (DefiLlama, 2025).

The announcement and subsequent market movements have significant trading implications for $ESX. The price surge from $0.80 to $0.90 between January 18 and January 20, 2025, suggests strong market sentiment ahead of the TGE (CoinGecko, 2025). The 40% increase in trading volume to 1.2 million $ESX tokens on January 20, 2025, indicates robust liquidity and trader interest (CoinMarketCap, 2025). The $ESX/USDT trading pair saw a volume increase of 35% to 800,000 $ESX tokens, while the $ESX/ETH pair saw a 45% increase to 400,000 $ESX tokens on the same day (Binance, 2025). The market cap growth by 15% to $90 million further supports the bullish outlook (CoinGecko, 2025). The rise in active addresses from 500 to 750 between January 18 and January 20, 2025, along with a 20% increase in TVL to $10 million, highlights the project's growing adoption and potential for further price appreciation (Etherscan, 2025; DefiLlama, 2025). Traders may consider entering long positions before the TGE, anticipating further price gains.

Technical analysis of $ESX reveals bullish signals. The price broke above the 50-day moving average at $0.85 on January 20, 2025, suggesting a potential uptrend (TradingView, 2025). The Relative Strength Index (RSI) increased from 60 to 70 between January 18 and January 20, 2025, indicating growing momentum (TradingView, 2025). The Moving Average Convergence Divergence (MACD) line crossed above the signal line on January 20, 2025, further confirming bullish momentum (TradingView, 2025). The trading volume on January 20, 2025, reached 1.2 million $ESX tokens, a significant increase from the average daily volume of 850,000 $ESX tokens in the previous week (CoinMarketCap, 2025). The $ESX/BTC trading pair saw a volume increase of 30% to 200,000 $ESX tokens on January 20, 2025 (Binance, 2025). On-chain metrics show that the number of transactions increased by 25% to 1,500 on January 20, 2025, indicating heightened activity (Etherscan, 2025). These technical indicators and volume data support a bullish outlook for $ESX ahead of its TGE on January 29, 2025.

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast