Despite its origins, Dogecoin has accompanied cryptocurrency's bearish phases and has proven a resilient asset

Dogecoin surged to $0.73 in 2021, driven by Elon Musk's support and retail FOMO

Dogecoin (CRYPTO: DOGE) is known for its community involvement, engaging in hype cycles on social media. The meme coin also accompanied cryptocurrency's bearish phases and has proven a resilient asset.

According to recent analysis, Dogecoin could be forming a Golden Cross, a bullish indicator, which might make it plausible for a breakthrough in price in 2025.

As Dogecoin builds momentum, Rexas Finance (RXS) is also capturing attention with its great fundamentals, innovative tokenization model, and record-breaking presale.

What Happened: Dogecoin is surging again in 2024, testing highs of $0.73 reached in 2021. The price action is being driven by Elon Musk's support and retail FOMO. The coin started the year trading at $0.17 and has since gained 324%.

Dogecoin is best recognized for its association with meme culture, minimal utility, and lasting presence in the crypto sphere. The coin, created in 2013, is based on the famous meme image of a Shiba Inu dog, and it went viral online in 2020 and 2021.

Dogecoin is also recognized for its large and active community, which has helped to drive the coin's price and awareness. The meme coin is accepted by a few merchants and service providers, although it's mainly used for trading and speculation.

Dogecoin price is now approaching a Golden Cross, which occurs when the 50-week moving average crosses above the 100-week moving average. This indicator is said to be bullish and could lead to further price gains.

Dogecoin could also be setting up for a bullish pennant technical indicator, which is formed when a stock or other security trades in a range, gradually decreasing in size, on high volume.

The cryptocurrency market is known for its volatility, and the price of any cryptocurrency can go up or down rapidly. It is important to invest in cryptocurrencies or other financial products only with money that you can afford to lose and to do your own research before making any investment decision.

Related Link: Benzinga's Guide To Investing In Cryptocurrency

Why It Matters: While Dogecoin is often the subject of hype and speculation on social media, Rexas Finance (RXS) is establishing a more fundamental and plausible growth story.

The interest in meme coins like Dogecoin and the recent breakout of Solana (CRYPTO: SOL) could lead to even greater demand for cryptocurrencies in general. This could also create FOMO among retail investors, especially with the tokenization trend heating up.

RXS is expected to be in the spotlight as it's positioned to inherit the bulk of the demand in the next market cycle.

Moreover, Rexas Finance's broader recognition with the exchange listing might have parts of the mainstream media covering the project.

RXS, with its present momentum, looks set to attract attention; if it can deliver satisfactory progress on its roadmap, Rexas Finance might be on track to deliver the greatest return on investments.

Crypto markets reward early adopters, but if the projected trajectory is hit, it will undoubtedly rival the fervent Dogecoin event of 2021.

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Uncovering the Essence of Rexas Finance

The possible Golden Cross of Dogecoin may spark another meme coin frenzy. However, Rexas Finance (RXS) aligns better with the new generation of investors seeking projects with real-world utility and long-term growth potential.

With its record-breaking presale numbers, Rexas is introducing a new era of blockchain investment. As we approach the final stages of the presale, we're observing an unprecedented level of interest in a crypto project.

This project stands out with its industry-leading security framework and a revolutionary take on tokenized assets, making RXS among the most promising altcoins in the market.

As retail FOMO builds with mainstream global adoption, the question isn't whether RXS will surge but rather how high it can go in 2025 and beyond.