Currently trading at $0.000022, Shiba Inu (SHIB) is attracting market interest as it surged 30% over the week. This surge follows the appearance of a rare golden cross pattern, stoking enthusiasm and indicating a positive trajectory. This development has piqued investor interest, with the possibility of SHIB removing a zero from its price now within reach. But can SHIB maintain this momentum?
Appearance of the Golden Cross: Can SHIB remove a zero
When the 50-day moving average crosses the 200-day moving average, a bullish technical indication known as the golden cross pattern results. Historically, when this trend appears on the SHIB chart, it is frequently followed by stronger rises. The previous major gold crossover for SHIB occurred in late 2023, setting the stage for a strong rally that saw its price increase by over 400% in just a few months. Currently, SHIB’s chart appears to repeat this pattern. A possible breakout is defined by the 50-day moving average exceeding 200 days. This signal follows SHIB’s most recent 18% spike, which took its price from $0.0000209 to $0.000022 in one day. Such changes boost investor confidence and signal that SHIB could be on the verge of zero losses, provided the pace continues. SHIB’s burn rate recently increased by 3,674%, increasing its price. The faster burn rate reduces the overall token supply, potentially increasing the price as scarcity increases. Whale activity has also been noticeable, with major investors expressing renewed interest, indicating growing confidence in SHIB’s upside potential.
The broader crypto market is also positive and ripe for SHIB’s predicted rally. For example, Bitcoin is approaching the $80,000 mark; if this momentum continues, SHIB might not be too far from dropping a zero.
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Rexas Finance (RXS): Presale Gem Set to Soar Alongside Shiba Inu
As Shiba Inu is on its way to a historic price change, investors looking for the next big opportunity should keep an eye on Rexas Finance (RXS). This unique initiative provides real-world asset (RWA) tokenization, which allows individuals to hold fractions of valuable assets, including real estate, artwork, and commodities. Rexas Finance is changing the way people invest and diversify their portfolios by making previously illiquid assets more accessible. The performance of the project in pre-sales has been nothing short of incredible. RXS has soared over 130% from its initial price of $0.03 to $0.07 in Stage 5, all within two months of the presale beginning September 8. The presale raised over $6.2 million and sold 121 million RXS. This success demonstrates RXS’s growing popularity, fueled by the project’s decision to forgo venture capital funding in favor of a public presale, which resulted in a dedicated, community-focused investor base.
Rexas Finance recently obtained listings on CoinGecko and CoinMarketCap, two major token performance tracking platforms. These references increase the legitimacy of the project and its notoriety on the market, highlighting its potential. Additionally, Certain’s successful audit of Rexas Finance ensures its security and reliability, indicating to investors that the platform is built on a solid and reliable foundation. Adding to the excitement is the ongoing $1 million competition, in which 20 winners will receive $50,000 worth of RXS tokens. This strategic approach encourages involvement and strong community engagement, providing investors with a unique opportunity to achieve significant profits while strengthening the success of the project. The rally potential of the RXS is significant. With its ERC-20 token design and position in the thriving asset tokenization market, Rexas Finance is positioned for significant growth. As pre-sale prices are expected to reach $0.08 in the next round, with an exchange listing price of $0.20 expected, now is the best time to invest.
Conclusion
As SHIB continues a likely zero decline with its rare golden cross, Rexas Finance appears to be an attractive investment option with significant upside potential. Join the RXS presale today to secure your place in one of the most exciting cryptocurrency projects of 2024.
About Rexas Finance:-
Website: https://rexas.com