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Cryptocurrency News Articles

Dogecoin and Rexas Finance (RXS) Are Receiving Boosting Attention from Investors

Nov 17, 2024 at 09:48 pm

The cryptocurrency market is now spinning energetically and two new tokens Dogecoin and Rexas Finance are receiving boosting attention from investors.

Dogecoin and Rexas Finance (RXS) Are Receiving Boosting Attention from Investors

The cryptocurrency market is buzzing with energy these days, and two new tokens, Dogecoin and Rexas Finance, are grabbing the attention of investors.

Dogecoin, one of the most well-known meme coins, has seen a recent surge in price, fueled by the heavy involvement of big-name investors. On the other hand, Rexas Finance, a new platform for real-world asset-backed tokenization, is making waves with its exceptional presale campaign. Both tokens have the potential to multiply in value, with some projections suggesting that owning these tokens could make early investors millionaires. Analysts have predicted that Dogecoin could grow up to 100%, while Rexas Finance could soar 8,407% in the upcoming months as it gains popularity among investors.

Dogecoin’s recent rally is attributed to whale accumulation and political influence

Dogecoin has once again become a hot topic, with recent statistics showing that large investors, known as "whales," have snapped up over 2.1 billion DOGE tokens in the past seven days. This level of whale activity, the highest in two months, usually indicates bullishness in the market. DOGE is currently trading at $0.2641, up 78.3% in the last 7 days, and last peaked at this price in November 2021.

However, Major traders are showing renewed interest in DOGE due to its cyclicality in the price movements, which has been attributed by analysts to suggest that DOGE could be in a long-term bullish run. A key factor in Dogecoin’s recent gains is the involvement of celebrities and influencers. Tesla and SpaceX CEO Elon Musk has been endorsing Dogecoin on multiple occasions in recent months, even using his massive presence on Twitter to influence its value. Moreover, following the recent announcement of Donald Trump as the US President, Dogecoin has a new variable contributing to its growth. A proposal by Trump to create a new Department of Government Efficiency (D.O.G.E.) for Musk to lead has sparked interest among Dogecoin investors. Some analysts believe that the launch of this department could lead to a positive surge in DOGE prices.

Rexas Finance (RXS) to soar 8,407% amid rising demand for tokenized real assets

The buzz is also strong for Rexas Finance, which operates in the space of tokenizing Real World Assets like real estate, commodities, and IP assets. Currently in stage 5 of its presale, the price for RXS tokens has reached $0.07 with 73% of tokens sold in presale round 5. Early stakes are being taken to multiply the gains as the presale progresses towards a final listing price of $0.20. Rexas Finance’s value proposition lies in its unique distinction as a platform focused on real estate, commodities, and intellectual property (IP) assets tokenization. Tokenization of these assets opens up a new gateway, making them more accessible to the average investor by increasing their liquidity. It can be estimated that the RXS token could jump in price by up to 8,407% when it enters mainstream exchanges since asset-backed tokens are in great demand now along with innovative approaches to the development of decentralized finance.

CertiK audit approval boosts investor confidence in RXS token’s security

Rexas Finance has gained credibility in terms of its security and trust as a result of a recent CertiK Audit. RXS tokens were audited and verified by CertiK, a leading blockchain security auditing firm, for high security that makes transactions of investors safe. This independently verified becomes an extra layer of trust, confirming there are no vulnerabilities in the RXS token system. Rexas Finance has taken a huge step toward establishing this security milestone, the times when Rexas Finance eases the traders to invest in tokenized assets securely. The assurance of RXS token’s safety has increased its demand further as a CertiK-certified platform. With the platform added to CoinMarketCap and CoinGecko, Rexas Finance is definitely on an upward trend toward gaining credibility and going the distance in the cryptocurrency industry.

Website: https://rexas.com

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

News source:bitcoinist.com

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