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Cryptocurrency News Articles
Shiba Inu Burn Rate Spike and Rexas Finance RWA Tokenization Model Represent Unique Investment Opportunities
Nov 16, 2024 at 11:13 am
Speculation of a price rise has been sparked by a recent market shift as Shiba Inu's burn rate has surged over 1300%. Newcomer to DeFi Rexas Finance
Shiba Inu’s burn rate surged over 1300% recently, sparking speculation of a price rise. Meanwhile, newcomer to DeFi Rexas Finance is attracting investors with its RWA tokenization model and 20261% growth projection. Here's a closer look at both projects.
Shiba Inu’s burn rate has surged by 1323.66% in the past 24 hours, according to Shibburn, burning 34.91 million SHIB tokens from circulation forever.
This burn mechanism aims to reduce the total supply and create scarcity, which could theoretically drive up the token’s price according to the basic principles of supply and demand.
The amount of SHIB tokens burned on a weekly basis rose to 110.64 million tokens, contributing to the market sentiment that continued to predict a bullish pattern.
However, despite this burn rate surge, SHIB’s price remained volatile, trading at $0.00001934, down 1% over the previous 24 hours at press time. The token's price hit a low of $0.00001856 and a high of $0.00001966 during this time.
The price fluctuations had investors on edge, but if SHIB maintains its burn strategy and demand remains the same, then the coin could potentially rally up to a higher level as demand increases.
Analysts are suggesting predicting the coin could hit $0.000045.
After the U.S. election results, investor sentiment for cryptocurrencies soared in the broader market as it became clear that the Republican victory would likely foster a positive regulatory landscape for digital assets.
This shift in the crypto market environment has seen meme coins like SHIB benefit from some fresh interest. However, market observers warn that the nature of meme tokens is unpredictable and they are very sensitive to the market sentiment.
A new decentralized finance project is attracting investors with its efforts to tokenize real-world assets, such as real estate and commodities, in order to bridge traditionally illiquid assets into blockchain technology.
The project, called Rexas Finance, has raised over $6.2 million in the three presale rounds, which has seen the token, the RXS, hitting the ground running as a unique player in the DeFi space. A rigorous audit conducted by CertiK, one of the leading blockchain security firms specializing in the thorough audit of smart contracts and code, further reinforces the security and trust of Rexas Finance, affirming that it is built on very high resilient and stable standards.
Furthermore, listings on CoinMarketCap and CoinGecko, two of the largest and most visible platforms for cryptocurrency and coin data, market analysis, and developer info, help to improve the visibility of RXS, improving investor confidence and market reach.
As its mission to democratize access to real-world assets through blockchain continues,彙集市場目光,但出發點卻大不相同,一方面是 Shiba Inu 的 burn rate 拉升,另一方面則是其價格繼續上演著令人煎熬的波動走勢,等待著一場可能出現的突破性反彈行情。
与之形成鲜明对比的是,Rexas Finance 以 Rwa 展開一項有組織的投資,而人們可以透過此方式接觸到實體資產並納入 DeFi 架構中,以 RXS 而論,其設定了長遠的投資視野,並將目光放遠至主流市場對 DeFi 創新應用(尤其是那些有形於實體世界者)的需求上。
Finally, the developments around Rexas Finance and Shiba Inu are being watched very closely by the crypto market, but for different reasons. This is during a time when Shiba Inu’s burn rate is intensifying on the one hand and its price continues to move volatile on the opposite side as investors wait for a potential breakout rally.
However, Rexas Finance, in contrast with Rwa, provides a structured investment around RWA tokenization that these people might want to invest in to gain exposure to tangible assets in a DeFi framework. This shows the range of opportunities within the crypto market and the various strategies that people can buy that don’t fit everyone’s risk appetite.
Website: https://rexas.com
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
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- Coinut Launches Wrapped Litecoin ($WLTC) to Integrate Litecoin into the Ethereum DeFi Ecosystem
- Nov 16, 2024 at 02:20 pm
- Leading digital asset exchange, Coinut, is proud to announce the launch of Wrapped Litecoin ($WLTC) today, November 12. This groundbreaking development integrates Litecoin into the vibrant world of decentralized finance (DeFi) via the Ethereum network.