Many coins are making the headlines as Q4 approaches. Among the cryptos that were discussed the previous day are Dogecoin (DOGE), Shiba Inu (SHIB), and Rexas Finance (RXS). Though the causes of the increase in market activity for every token vary, they all have major effects on the market.
Dogecoin (DOGE): Whale Activity Sparks Momentum
Dogecoin has lately been in the news thanks to the activities of well-known investors known as “whales,” or those who own large amounts of DOGE. Over the previous several days, Dogecoin underwent a noteworthy 1.4 billion DOGE, equivalent to a $140 million transaction. The fact that this transaction was finished in less than seventy-two hours suggests the fresh faith in the meme coin of high-stakes investors.Whales are known to move markets, so this kind of whale behavior is significant. The re-entry of these big participants into the market caused Dogecoin to rise by 18.5% over the past week and by 3.3% on the last day alone. Important technical signals, such as the Relative Strength Index (RSI), support the positive momentum that shows DOGE has passed notable degrees of resistance.
Shiba Inu (SHIB): Record Burn Rate and a Potential Rally
SHIB’s incredible burn rate is the most recent driver of its increasing momentum. The burn rate rose 19,930% as about 1.88 billion SHIB tokens were removed from circulation over the last day. This sudden increase in token burns can be attributed to the Shiba Inu community’s ongoing efforts to lower supply and generate scarcity, influencing a price hike.The enthusiasm is increased by SHIB’s breakthrough from the Falling Wedge pattern, a bullish signal that some analysts believe may trigger a 360% increase. The Shiba Inu burn rate for the past seven days has considerably gone up, increasing by 3,482% to burn over 1.9 billion tokens. Interestingly, though the price has dropped 4.16% in the past 24 hours, SHIB has been up by 34.34% in value over the past week.
Rexas Finance (RXS): A Revolutionary Pre-sale Execution
Rexas Finance (RXS) is a project centered on real-world asset tokenization as opposed to meme coins like Dogecoin and Shiba Inu. Rexas Finance’s phenomenal presale result is what’s generating all the hype. Starting on September 8, the presale gained momentum quickly, raising more than $200,000 on the first day. Rexas Finance showed a high level of investor demand as it began its second day with a $250,000 fundraising total.
The first two presale phases sold out in just 12 days, demonstrating the momentum that persisted. With 49.3 million of the 65 million RXS tokens sold as of right now, Rexas Finance has raised more than $1.9 million. The project is in its third stage of presale, and each token is now priced at $0.050. In the fourth stage, the price will rise to $0.060.In addition to its remarkable presale performance, Rexas Finance is currently trending because of its innovative use case. Through the utilization of blockchain technology, Rexas Finance facilitates the tokenization of tangible assets such as gold, real estate, and more. With this platform, people can make fractionalized or full-ownership investments in physical assets from any location in the world. By offering more access, liquidity, and security, it seeks to bridge the gap between blockchain networks and conventional assets. Rexas Finance presents an enormous potential upside for early investors. The coin will appreciate 6x from its current presale price of $0.050 to $0.20 when listed on exchanges.
Conclusion
While Dogecoin and Shiba Inu remain at the top of the meme coin market, Rexas Finance is notable for taking a novel approach to asset tokenization. All three of these coins are in vogue for good reason, and as they gain traction, traders and long-term investors may find themselves presented with some very interesting chances.Since it centers on tokenizing real-world assets, Rexas offers a concrete use case that might be of interest to anyone other than regular cryptocurrency investors. Due to its advantageous tokenomics and practical uses, this project is one to watch in the long run, as demonstrated by the success of the presale.
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
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