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Cryptocurrency News Articles
Why Dogecoin and Shiba Inu Are Struggling, and Rexas Finance (RXS) Is Recording New Highs
Oct 23, 2024 at 09:49 pm
These digital currencies depend on social media, celebrities, and communities to endure over the years. Unfortunately, such sentiment strategies leave
As the market continues to downturn, the price of Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), two of the most popular meme coins, remains under immense pressure, making any investors impulsive.
From its previous high of $0.22, dogecoin has now plummeted by 64.85%, while Shiba Inu has had an even more depressing number. It has decreased by 76.42% from the peak of $0.00004571. In regard to SHIB burns, the supply of SHIB is too great to make any good use of the difference perceived from token burns.
While investors are still shuffling their portfolios around these meme coins, Rexas Finance (RXS) on the other hand is recording new highs as more investors continue to flock into the market in search of a better and more sustainable option.
Why Dogecoin and Shiba Inu Are Struggling
These digital currencies have been largely dependent on social media, celebrities, and communities to endure over the years. Unfortunately, such sentiment strategies leave them exposed to sharp market movements.
Dogecoin was once greatly sought after due to endorsements from people such as Elon Musk but has now slowly died and most active traders are left to wonder whether it will ever be resurrected and when. In the same way, the strategy of burning this token to increase the Shiba Inu’s value has also failed, as the downward pressure on the token continues.
Both tokens encounter difficulties in adhering to their worth as well as achieving use in the current economics. Though their support base remains active, the price action indicates that the most speculative investors are more hesitant, especially with newcomers to the market which have more logical purposes.
Rexas Finance (RXS): A Rising Star in the Crypto World
Unlike SHIB and DOGE, Rexas Finance is attracting the focus due to rapid growth and solid fundamentals. Rexas Finance targets real-world assets (RWA) focused on the tokenization of the real world. This is the opportunity for the investors to get fractions of lucrative assets such as real estate, commodities, and many more.
This real-world use case is what makes Rexas Finance different from other meme coins and makes it a sustainable crypto project.
Rexas Finance offered its presale at the initial price of only $0.030. In just three weeks it has so far passed through four stages of presale including the current ATH of $0.060.
Investor appetite drove this 100% growth with over 150,000 participants joining the presale. To date, the project has raised a remarkable amount of $3,634,245, selling 79,737,415 of RXS tokens.
A Promising Future Ahead for Rexas Finance
There is no evidence that the momentum behind Rexas Finance is in any way diffusing. The current presale stage (stage 4) stands at 72.49% completed. Once this stage reaches its goal, the price of RXS will increase by 16.67% to $0.070, another new high for the token.
Despite the immense excitement, Rexas Finance has the potential to go even higher focusing on the fresh anticipation of its launch at $0.2 on the top exchanges early in 2025.
Additionally, in support of this development, Rexas Finance has been listed on CoinMarketCap which provides both investors and analysts with timely updates on the project’s progress in the market. The duration of this type of transparency has built confidence and promoted more investors to the platform.
$1,000,000 USDT Giveaway: A Bonus for Early Investors
In a broader sense, Rexas Finance is essentially offering one more yummy piece of cake to those who make an early jump: a $1,000,000 giveaway. Twenty participants will receive $50,000 for simply participating in the presale. This giveaway has added some zest to the cause and more members are expected to join the increasing Rexas Finance family.
Conclusion
Despite the quantitative leap of Dogecoin and Shiba Inu, who find it excruciatingly hard to re-establish their boundaries as were previously achieved, Rexas Finance on the other hand is coming up as a more investment attraction. Providing a better alternative for investors in the volatile market of crypto. Rexas Finance pays attention to the tokenization of real-world assets, within a very short time growing tremendously in presale and the price level of the token.
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/rex
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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