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Cryptocurrency News Articles
Neiro and Rexas Finance Emerge as Frontrunners as Dogecoin and Shiba Inu Lose Their Luster
Oct 15, 2024 at 08:02 pm
The excitement surrounding meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) is slowly fading, with both coins facing hurdles in maintaining their appeal.
Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) had a good run in 2021, capturing investor attention and generating impressive gains. However, as 2023 approaches, the hype surrounding these coins is fading, and investors are shifting their focus to more promising crypto projects.
Dogecoin, which soared astronomically in early 2021 thanks to endorsements from celebrities like Elon Musk and Snoop Dogg, has lost most of its steam. While the coin still experiences occasional price movements, it has failed to regain the heights of its early rally.
Dogecoin’s heavy reliance on external factors, such as Musk’s tweets, has proven unsustainable, and investors are now realizing the limitations of meme coins. To be fair, Dogecoin does have a loyal community and a use case as a currency, but its price is largely influenced by hype and online trends.
Shiba Inu, which started as a Dogecoin alternative, also had its moment in the spotlight during the meme coin craze. However, the coin now finds itself in a precarious position. Despite attempts to rebrand and introduce new use cases, Shiba Inu still lacks a clear purpose and the community support it once enjoyed.
Without any major updates or new resources in the pipeline, Shiba Inu appears to be fading away. The coin’s future seems uncertain unless it can find a way to engage investors with something tangible.
In contrast to the fading glory of meme coins, some crypto projects are experiencing remarkable growth and generating impressive returns for early investors. Two such projects that have grabbed attention recently are Neiro and Rexas Finance (RXS).
Neiro recently broke out of a descending parallel channel after correcting from its all-time high of $0.00137 on Sept. 23. Following a dip to $0.00085 on Oct. 3, the price surged, creating a higher low and surpassing the $0.00122 resistance on Oct. 6.
Technical indicators like RSI and MACD suggest continued upward momentum, with Neiro reaching a new all-time high of $0.00154 on Oct. 7. As per the wave count, the next target is $0.00169, although a correction might follow unless the trend extends.
Neiro is an ERC-20 token that powers the Neiro Network, a decentralized blockchain focused on Web3 and the metaverse. The Neiro Network aims to provide fast and scalable transactions, catering to metaverse applications and NFT use cases.
The token serves as the native currency for the Neiro Network, facilitating metaverse transactions, NFT purchases, and participation in decentralized autonomous organizations (DAOs) built on the Neiro blockchain.
Neiro’s blockchain is designed to handle high transaction volumes and integrate with metaverse applications seamlessly, offering a Web3-oriented platform for metaverse interactions and digital asset ownership.
Rexas Finance is disrupting the crypto market with its revolutionary approach to real-world asset (RWA) tokenization. By combining blockchain and decentralized finance (DeFi), Rexas enables investors to tokenize assets like real estate, gold, and other commodities.
This platform presents a game-changing opportunity to make global real estate markets more accessible. Users can buy fractional ownership of properties across the world, eliminating the high entry barriers and bureaucracy typically associated with real estate investments.
The tokenization of these assets opens up new possibilities for diversification and passive income streams. Moreover, Rexas Finance has introduced an AI-powered bot, Quickmint, which simplifies the process of minting tokens across multiple blockchains.
This feature, along with the Rexas Launchpad that enables fundraising for token projects, positions Rexas as an all-in-one solution for RWA tokenization.
Rexas Finance’s presale is also a resounding success, with Stage 4 currently ongoing at $0.06 per token, after raising a total of $2.75 million in its first three stages. Those who buy now could see a 3.3x return when the token launches.
The project has garnered significant interest, with Stage 2 selling out in less than a week and the token price doubling since Stage 1. Rexas is also running a $1 million giveaway, providing 20 lucky winners with $50,000 in USDT each, further piquing investor interest.
While Dogecoin and Shiba Inu may have had their moments in 2021, their lack of long-term value is becoming increasingly apparent. In contrast, projects like Neiro and Rexas Finance are poised to offer substantial returns by 2025, backed by innovative solutions and strong market demand.
As the crypto market evolves, it’s clear that projects with real-world applications, such as RWA tokenization, are the future. Investors seeking meaningful growth opportunities should focus on these emerging tokens rather than relying
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- Which Altcoin Is Set for Big Gains This October? Kaspa (KAS), Solana (SOL), or JetBolt (JBOLT)?
- Oct 16, 2024 at 12:20 am
- As we progress through October, many crypto enthusiasts are eagerly watching to see which altcoin is set for big gains. Could Kaspa (KAS) recover from its 23.3% drop last month? Will Solana (SOL) be able to sustain a steady pace amid criticisms? Or is JetBolt (JBOLT) set to be the next big thing with its stellar performance, having sold over 40 million tokens after only being in presale since August 2024?
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- Ethereum (ETH) Welcomes Uniswap Chain To Improve Decentralization, Polygon (POL) Rebrand Disappoints As Holders Buy The Dip, Rollblock (RBLK) Bringing Transparency To The Gaming Masses With Blockchain Guarantees
- Oct 16, 2024 at 12:20 am
- Ethereum has outperformed Bitcoin during the last day of trading, as it is up 1.7% to reach $2.4k. Ethereum held up remarkably well during the recent Bitcoin dip
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- Crypto Whales Target New Altcoin JetBolt (JBOLT) as Solana (SOL), Ethereum (ETH), and Dogecoin (DOGE) Experience Price Swings
- Oct 16, 2024 at 12:20 am
- Billionaires have earned massive gains from buying Solana, Ethereum, and Dogecoin at the height of their early days. As these once-crypto giants experience price swings and mixed market sentiments today, a new player rises as the next big coin and target of whales: JetBolt (JBOLT).
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- Bonk (BONK) Whales Are Betting Big on Mpeppe (MPEPE) Ahead of Bitmart Listing
- Oct 16, 2024 at 12:20 am
- Mpeppe (MPEPE) combines sports fandom, AI technology, and decentralized gambling into a single platform. This innovative approach has attracted a loyal community and raised over $3.19 million in its presale.
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- DTX Exchange (DTX): The Next Big Thing?
- Oct 16, 2024 at 12:20 am
- DTX Exchange (DTX), listed among the most promising altcoins on the investment block, is an exchange-based cryptocurrency. That isn't all: it is set to make its mark in the crypto scene and the wider financial market, given its blend of TradFi and DeFi.