Cardano (ADA) and Shiba Inu (SHIB) Struggle 70% Below Their 2021 Peaks as Competitor Token at $0.175 Hits a New ATH

The cryptocurrency industry remains mixed between progress and hurdles. Major tokens Cardano (ADA) and Shiba Inu (SHIB) are currently trading significantly below all-time high levels but, a newer token, Rexas Finance (RXS), has just hit a new presale price milestone of $0.175 nearly six times what it started at.

Cardano (ADA) and Shiba Inu (SHIB) have both faced significant challenges in the past year, with their prices dropping by 70% from their 2021 peaks. However, a newer token, Rexas Finance (RXS), has been making waves in the crypto market with a new presale price milestone of $0.175.

Cardano (ADA) Price Analysis

Cardano (ADA) is currently trading at around $0.88, down by 72% from its price in 2021 at $3.10. The token failed to breach $1.30 in the past week, conceding 15%. However, if it can get past this key resistance, we are in for the most significant moon in history.

Technical indicators such as the Relative Strength Index (RSI) and Average Directional Index (ADX) suggest a lack of strong buying pressure. RSI readings below 50 indicate bearish sentiment, while ADA’s recent retest of its 50-day moving average signals continued uncertainty.

Resistance at $0.96 and $1.10 are being closely watched by analysts as support if crossed could lead to a recovery. However, without further market support, there’s a risk of further declines to $0.85 or $0.72 for ADA.

Shiba Inu (SHIB) Price Analysis

Shiba Inu (SHIB) was a meme coin up until two months ago when it traded at a peak of $0.00008845. Last week, SHIB fell by 20% to reach its present price of $0.000022.

Market analysts believe that the decline of this token is due to decreased whale activity and large holders selling off their positions in 55 wallets in just three days. Shib’s Relative Strength Index (RSI) had been oversold recently and a recovery from this suggests a short-term bounce.

Nevertheless, a death cross, a bearish technical pattern, formed on December 18 and is now casting doubts on the long-term outlook. SHIB might plunge to $0.0000158 if the price drops to and below $0.000019.

While these are challenges SHIB is overcoming, the community stayed engaged as growth accelerates in DeFi and payments.

Rexas Finance (RXS) Token Sale Surpasses $33 Million in Presale Stage 11

In contrast to ADA and SHIB, which are struggling to regain their former glory, a newer token called Rexas Finance (RXS) is still amassing market traction. The real-world asset tokenization platform has seen great success in its presale stages.

With Stage 10 of the presale now sold out, Stage 11 is in progress with tokens being sold for $0.175. This represents a near sixfold rise from the initial presale price of $0.03.

Rexas finance (RXS) token has raised over $33 million in total and sold over 381 million tokens. The presale model has facilitated participation by investors in early opportunities and the increasing price per stage points to strong demand.

Rexas Finance uses different utilities: real estate tokenization, AI-generated NFT creation, and DeFi for crypto trading across multiple networks.

The success of Rexas Finance’s presale in the crypto space, Ayer, shows that investor interest is growing in blockchain projects that develop practical applications.

With plans to launch on three top-tier exchanges, analysts expect RXS to maintain its upward trajectory in early 2025, making it a notable competitor in the crypto space.

While both Cardano and Shiba Inu have faced their problems, new tokens such as Rexas Finance are enjoying the opportunities that come with the evolving world of blockchain.

Although ADA and SHIB have loyal communities, they have not been able to reclaim 2021 levels which shows that more development and market appreciation are required.

Meanwhile, RXS’s robust presale demonstrates the recent increasing interest in asset tokenization and blockchain and investment opportunities. The crypto market changes, and investors broaden their portfolios with these newer projects that offer high growth potential, away from legacy tokens Rexas Finance is taking advantage of the new opportunities provided by the blockchain.

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