As Time Goes By, Shiba Inu Holders Have Been Increasingly Tracking the Price Movement of Dogecoin

As time goes by, Shiba Inu holders have been increasingly tracking the price movement of Dogecoin to see the possibility of a correlation that could increase SHIB

Shiba Inu (SHIB) price is currently showing no signs of a rapid increase in the next 45 days as it trades at $0.00001288 and will need to rise by over 0.675% to reach $0.0001.

While the cryptocurrency markets are known for their sudden rallies, achieving this level of growth in such a short time frame is a tall order. Several factors, including token burns and market sentiment, will influence SHIB's price movement.

According to technical analysis from Benzinga, SHIB's price could experience a decline to the support level of $0.000011 before beginning an ascent towards the resistance zone, potentially reaching $0.000013.

The possibility of SHIB reaching $0.0001 by 08 May 2024 is slim, and it’s likely to take a few years for the meme coin to hit this price.

On the other hand, Rexas Finance (RXS) is a utility-focused token that has already increased in value by 567% and has plenty of room for further increases.

Can SHIB Really Reach $0.0001 In 45 Days As Dogecoin Hits $1?

Shiba Inu (SHIB) is currently trading at $0.00001288 and will need to increase by over 0.675% to reach $0.0001.

The cryptocurrency markets are famous for their sudden rallies, but achieving this amount of growth in 45 days is a giant ask. Several ecosystems, like burns and market sentiment, affect SHIB’s development, and analysts predict it will be difficult to reach $0.0001 before 2025.

Moreover, even if Dogecoin (DOGE) hits $1 in the next 45 days, the effect on SHIB will be minimal.

In the past, significant increases in the price of DOGE have affected SHIB, but not to that extreme proportion. For instance, a substantial rally in DOGE led to a 100% increase in SHIB over three days. However, even with this rally, SHIB's price increment was minimal compared to the 675% needed to reach $0.0001.

Shifting focus, it seems that top meme coin holders have started paying attention to utility-centric projects, such as Rexas Finance (RXS).

RXS is currently in stage 12 of its presale—the final stage—priced at $0.20, up from its initial price of $0.030. So far, over 459 million RXS tokens have been sold, raising an impressive $47.8 million. With only 500 million tokens allocated for presale and the final presale stage being 91.82% filled, the rush to buy RXS before its price jumps to $0.25 at launch intensifies. The team has announced the official launch date of June 19, 2025, when RXS will debut at $0.25. Early investors who got in at the current presale price of $0.20 are already positioned for an immediate 25% gain upon launch. At the same time, long-term projections suggest RXS could rise as high as $13.40—a staggering 67x increase.

What Sets Rexas Finance Apart?

Unlike most new cryptocurrency ventures that require venture capital funding, Rexas Finance directs its efforts toward the community. This implies that the project benefits small investors instead of providing large investors with favorable terms during the seed stage.

The platform has also gained substantial credibility from investors after a successful audit by Certik.

Moreover, Rexas Finance’s visibility among global investors has increased since Rexas Finance was listed on CoinMarketCap and CoinGecko. These listings allow real-time token tracking and provide transparency for investors looking to purchase RXS, thereby increasing trust in the project.

Final Thoughts: A Better Investment Opportunity Than SHIB?

While SHIB might outperform long-term expectations, the prospect of it reaching $0.0001 in 45 days, even with DOGE at $1, is quite bleak.

On the contrary, Rexas Finance has emerging prospects as an investment due to its vigorous presale activity, real-world utility and impressive growth outlook. With the presale closing fast and the token set to launch at $0.25, investors are rushing to grab the RXS tokens at the lowest price possible before it skyrockets by 67x.

If you are after an investment that promises substantial returns and is built on a foundation of utility and innovation, then Rexas Finance