|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Neiro (NEIRO) and Rexas Finance (RXS) Surge, Can Shiba Inu (SHIB) Keep Up?
Oct 20, 2024 at 12:05 am
With the value of Neiro (NEIRO) and Rexas Finance (RXS) surging, everyone is watching to see if Shiba Inu (SHIB) can keep up.
As the cryptocurrency market experiences a new wave of enthusiasm, several tokens are making remarkable gains in the lower-cap altcoin segment. Among them, three coins—Neiro (NEIRO), Rexas Finance (RXS), and Shiba Inu (SHIB)—have been attracting attention with their price movements and upcoming developments.
1. Neiro (NEIRO): Rapid Growth with New Market Makers
In the meme coin market, NEIRO has been outperforming several of its peers. With a recent increase in market capitalization of more than 105% over the last seven days, NEIRO is expected to cross the $1 billion mark soon. The token, currently trading at about $0.002072, has demonstrated exemplary performance, gaining over 6000% since August and is well-positioned for future growth.
However, the recent shift in market makers for NEIRO is a noteworthy development. The NEIRO team announced that they are parting ways with Gotbit, their previous market-making partner. Despite this change, the team is working to ensure a smooth transition and maintain stable liquidity for NEIRO throughout the process.
Furthermore, the NEIRO team is making significant contributions to the community, evident in their effort to reimburse market-making funds to the community multisig wallet. These proactive actions are instilling optimism among investors regarding the project's prospects as more market alliances are being established for NEIRO, setting the stage for its next price move. As the token gathers momentum, investors are keeping a close eye on NEIRO, anticipating a sustained rally that could propel NEIRO to all-time highs.
2. Rexas Finance (RXS): Spearheading Tokenization of Real-World Assets
Emerging as a unique offering in the cryptocurrency space, RXS is making waves with its focus on real-world asset (RWA) tokenization. Currently in Stage 4 of its presale, Rexas Finance has sold over 77 million tokens at a cost of $0.06 each, amassing an impressive $3.52 million from the sale. Setting a final exchange listing price of $0.20, RXS is positioned for substantial gains once it enters the market.
What makes Rexas Finance unique is its cutting-edge technology that enables users to tokenize conventional assets, ranging from commodities and real estate to artwork. By allowing users to quickly generate tokens from physical assets using the Rexas Token Builder, asset ownership becomes more accessible than ever before. This initiative is changing the way individuals engage with previously exclusive high-value markets, opening the door to democratized asset investment.
In another exciting development, Rexas Finance is also conducting a $1 million raffle, where twenty fortunate winners will receive $50,000 worth of RXS tokens. This contest is generating a lot of buzz and attracting new investors who are eager to get involved in promising projects like Rexas Finance. Meanwhile, the project team has listed the project on CoinMarketCap, providing an avenue to access real-time information about the token’s progress. As the platform grows, experts estimate that Rexas Finance may see a significant uptick, possibly hitting $10 in the next bull cycle.
3. Shiba Inu (SHIB) Battles Consolidation Amidst a Price Cluster
The well-known dog-themed meme coin, SHIB, is encountering resistance as it stabilizes around a crucial price cluster. On-chain data indicates that 430 trillion SHIB coins are held between $0.000017 and $0.000019, forming a support and resistance area. As SHIB consolidates within this range, bulls are left wondering whether the price will turn around or keep going sideways.
At the time of writing, SHIB is up over 4% over the past day at $0.00001813. The enormous quantity of tokens held in the present range could lead to either substantial volatility or price stabilization for SHIB. A breakout might happen if the bulls can build up enough momentum to move SHIB above this cluster, which might draw in ordinary investors and cause a significant price spike.
If the price stays unchanged, though, SHIB might find it challenging to keep up with the quick rise of tokens like NEIRO and RXS. Nearly 97 trillion tokens are held around $0.000019 and $0.000024, the next significant resistance levels for SHIB. The strength of SHIB's community and the state of the market will determine if it can rise above these levels.
Conclusion
As Shiba Inu (SHIB) nears crucial resistance levels that could affect its performance going forward, Neiro (NEIRO) and Rexas Finance (RXS) continue on their upward paths, promising to deliver on their potential. Both NEIRO and RXS are emerging as strong candidates in the present market, setting themselves up for significant price increases. Among
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!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.