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Cryptocurrency News Articles

Shiba Inu (SHIB) vs Dogecoin (DOGE): Which Meme Coin Will Reign Supreme?

Dec 14, 2024 at 06:32 pm

In recent news, the cryptocurrency business as a whole seems to be booming, more especially within the meme coin sector, where Shiba Inu (SHIB) has been the main point of discussion as it signifies a certain shift in the market.

Shiba Inu (SHIB) vs Dogecoin (DOGE): Which Meme Coin Will Reign Supreme?

Shiba Inu (SHIB) has been making waves in the cryptocurrency world, and recent news seems to indicate that it could be poised to beat Dogecoin (DOGE) in the near future. Here's a closer look at both meme coins and how they stack up against each other.

Shiba Inu: The Momentum Continues

As one of the most popular meme coins on the market, Shiba Inu has seen impressive price increases and a strong community following. Currently, SHIB trades at $0.0000298 with a total market cap of $17.56 billion.

According to price predictions, the coin is expected to show a rise by 3.30% by January 2025, reaching a price of $0.00002611. Technical sentiment is neutral from the indicators, while the Fear and Greed Index points to 78.

In the past 30 days, Shiba Inu has had 57% green days, and the price volatility is around 9.53%, which shows active investors and new interest.

The recent breakout above resistance has further deepened SHIB’s bullish momentum, making it nerve-wracking for those waiting for the next bull market. With its community-driven ecosystem and increased usage, Shiba Inu makes a strong case for beating DOGE in the near future.

Dogecoin: Continues to Be a Memorable Cryptocurrency

As the original meme coin, Dogecoin still commands a vast market share. Currently priced at $0.4308 and boasting a market capitalization of around $63.39 billion, DOGE remains a favorite among retail investors.

However, trailing instances produce negative signals for January 2025, with Dogecoin losing over 7.04% in value and hitting a target of $0.343672.

Nevertheless, in the last 30 days, DOGE price action has shown technical indicators signaling bullish factors 40% of the time, and in other instances, bullish factors stood at 23%, with a volatility of 10.75% amidst the increased buying volume.

The DOGE market is currently affected by strong buying pressure, as evidenced by the Fear & Greed Index, which indicates extreme greed. Even though Dogecoin has strong backing and an active community to withstand the bearish market, current market prices suggest that the bearish recovery is slower than SHIB.

Rexas Finance (RXS): The Future of Asset Tokenization

With new projects such as Rexas Finance in the market, the meme coin trend might just fade away, thanks to the project’s superb integration. RXS aims to revolutionize the crypto world by allowing the tokenization of real-world assets, including but not limited to real estate, art pieces, and commodities. Such an approach thrusts Rexas into the market as a transformational player.

Presale Success

To date, Rexas Finance has raised over $26 million and over 336 million tokens. The tokens are in presale stage 10, priced at $0.150.

The fact that these tokens were sold so easily during the presale shows that potential investors already have a high degree of confidence in Rexas’ future and vision. The token will launch at $0.20, and it’s fair to assume that it will soar once trading starts on major exchanges.

Tokenomics and Features

The total supply of RXS is 1 billion tokens, out of which 42.5% will be sold in the presale, 22.5% will be reserved for staking rewards, 15% will be held for liquidity, and the rest will be used for marketing, the treasury, the team, and various partnerships. Such an evenly distributed structure helps the ecosystem grow and sustain itself while also motivating users to hold RXS for a long time.

Rexas Finance provides its users with a variety of services, including a launchpad through which decentralized projects can be funded, a token builder that allows projects to easily build a token, and GenAI-powered NFT creation tools. All these features make RXS a very practical and multifunctional platform, thus attracting many users.

CertiK Audit and Giveaway

Regarding security and transparency, both issues are essential in the crypto world, Rexas Finance has solved these through the CertiK audit. This audit gives investors confidence in the safety and reliability of the platform.

There is also $1 million up for grab by adopters and community members who perform promotional tasks. Here, 20 lucky winners will receive 50,000 RXS tokens each.

How to Participate and Buy RXS

Investing in RXS is easy. For the current presale, interested buyers can visit the official Rexas Finance platform, link their wallets, and join the presale.

Token buyers can use several payment options supported on the platform, such

News source:bitcoinist.com

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Other articles published on Dec 15, 2024