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Dogecoin (DOGE) and Shiba Inu (SHIB) Price Struggle Under Pressure While Rexas Finance (RXS) Continues to Hit New Highs

October 23, 2024 By Crypto Reporter PR

As the market downturns, the price of Dogecoin and Shiba Inu, two of the most popular meme coins, remains under huge pressure, making any investors impulsive. From its previous high of $0.22, dogecoin has plummeted by 64.85%, while Shiba Inu has even a more depressing number i.e. 76.42% from the peak of $0.00004571 and with regards to SHIB burns, the supply of SHIB is too great too negligible the difference perceived from token burns to do any good.While investors are still shuffling their portfolios around these meme coins, Rexas Finance (RXS) on the other hand is recording new highs as more investors continue to flock into the market in search of a better and more sustainable option.

Why Dogecoin and Shiba Inu Are Struggling

These digital currencies depend on social media, celebrities, and communities to endure over the years. Unfortunately, such sentiment strategies leave them exposed to sharp market movements. Dogecoin was once greatly sought after due to endorsements from people such as Elon Musk but has now slowly died and most active traders are left to wonder whether it will ever be resurrected and when. In the same way, the strategy of burning this token to increase the Shiba Inu’s value has also failed, as the downward pressure on the token continues.Both tokens encounter difficulties in adhering to their worth as well as achieving use in the current economics. Though their support base remains active, the price action indicates that the most speculative investors are more hesitant, especially with newcomers to the market which have more logical purposes.

Rexas Finance (RXS): A Rising Star in the Crypto World

Rexas Finance is attracting the focus due to rapid growth and solid fundamentals, unlike SHIB and DOGE. Rexas Finance targets real-world assets (RWA) focused on the tokenization of the real world. This is the opportunity for the investors to get fractions of lucrative assets such as real estate, commodities, and many more. This real-world use case is what makes Rexas Finance different from other meme coins and makes it a sustainable crypto project.Rexas Finance offered its presale at the initial price of only $0.030. In just three weeks it has so far passed through four stages of presale including the current ATH of $0.060. Investor appetite drove this 100% growth with over 150,000 participants joining the presale. To date, the project has raised a remarkable amount of $3,634,245, selling 79,737,415 of RXS tokens.

A Promising Future Ahead for Rexas Finance

There is no evidence that the momentum behind Rexas Finance is in any way diffusing. The current presale stage (stage 4) stands at 72.49% completed. Once this stage reaches its goal, the price of RXS will increase by 16.67% to $0.070, another new high for the token. Despite the immense excitement, Rexas Finance has the potential to go even higher focusing on the fresh anticipation of its launch at $0.2 on the top exchanges early in 2025.Additionally, in support of this development, Rexas Finance has been listed on CoinMarketCap which provides both investors and analysts with timely updates on the project’s progress in the market. The duration of this type of transparency has built confidence and promoted more investors to the platform.

$1,000,000 USDT Giveaway: A Bonus for Early Investors

In a broader sense, Rexas Finance is essentially offering one more yummy piece of cake to those who make an early jump: a $1,000,000 giveaway. Twenty participants will receive $50,000 for simply participating in the presale. This giveaway has added some zest to the cause and more members are expected to join the increasing Rexas Finance family.

Conclusion

Despite the quantitative leap of Dogecoin and Shiba Inu, who find it excruciatingly hard to re-establish their boundaries as were previously achieved, Rexas Finance on the other hand is coming up as a more investment attraction. Providing a better alternative for investors in the volatile market of crypto. Rexas Finance pays attention to the tokenization of real-world assets, within a very short time growing tremendously in presale and the price level of the token.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

https://x.com/rexasfinance/status/1836017533910233465?s=46&t=AK6m3lQEF1gUjK09CqEPsw

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.

Filed Under: Press Releases

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