Currently trading at $0.00002932, Shiba Inu is up 16.4% in the last day and 67.1% in the past week, demonstrating growing interest and speculation about its future price trajectory. Despite its rise, SHIB is far from $0.01. Due to its low market cap and huge circulating supply, the Shiba Inu needs $5.89 trillion to reach this price. Experts question whether massive token burning and strategic developments could bring SHIB closer to its goal, even if the valuation is lower than expected.
Can SHIB reach $0.01? How soon
SHIB investors have historically targeted $0.01. With its current value of $0.00002932, the meme currency would need an increase of 34,130% to reach one cent. Major burns would be necessary to lower the current SHIB level of 589.26 trillion from what it is. Although the Shiba Inu community has burned nearly 410.7 trillion tokens so far, many believe the currency still needs a large-scale burn to reach $0.01. The creators of Shiba Inu have also launched Shibarium, a layer 2 blockchain that will burn SHIB using a percentage of transaction fees. Shibarium has managed to burn over 55 billion SHIB since its introduction, and more burns are expected as transaction traffic increases. To further the utility of SHIB, the community proposed integrating SHIB as a gas token on Ethereum, with accumulated tokens immediately destroyed. If passed, this project has the potential to significantly limit the supply of SHIB, increasing the possibility of the token’s price rising to $0.01 with a lower market cap. While Shiba Inu is still trading away from $0.01, high utility tokens, such as Rexas Finance (RXS), have attracted attention due to their ability to generate huge profits, real-world use cases and innovative ecosystem features.
Click here to buy the Rexas Finance (RXS) presale
Rexas Finance (RXS): a new competitor that attracts the attention of investors
Rexas Finance, a blockchain platform for RWA tokenization, has quickly gained attention for its unique offerings. It democratizes access to high-value assets such as real estate, art and raw materials. With access to fractional ownership, retail and institutional investors can purchase small fragments of these assets without the need for huge upfront costs. Rexas Finance offers a variety of ecosystem products designed to simplify the asset tokenization process. Users can easily create tokens with Rexas Token Builder, while QuickMint Bot enables rapid token production on major messaging apps. Rexas GenAI creates high-quality NFT artwork, while Rexas Treasury maximizes yield on cryptocurrency deposits. The Rexas AI Shield improves security through smart contract audits, while the Rexas Launchpad helps new crypto projects. Rexas Finance is now in the fifth stage of its presale, with each RXS token priced at $0.07. The presale shows encouraging momentum, with around 128 million tokens sold and $6.76 million raised so far. Once completed, the next stage will see RXS priced at $0.08, paving the way for further expansion.
Rexas Finance has just been listed on CoinGecko and CoinMarketCap, increasing transparency and visibility and attracting new investors. Additionally, Certik successfully audited the project’s smart contracts, improving its security profile and boosting investor confidence. Rexas Finance is hosting a million dollar competition to encourage greater participation. Twenty lucky participants will each receive $50,000 in RXS, an exciting offer to increase community engagement and enthusiasm for the initiative. Following the pre-sale, Rexas Finance intends to be listed on three of the world’s 10 largest exchanges, providing RXS with strong liquidity and significant market exposure. As Rexas Finance approaches the mainstream, its strong ecology and ease of access make it a viable asset for first-time investors.
Conclusion
Shiba Inu’s rise to $0.01 remains a challenging but hopeful prospect, relying primarily on smart burns and ecosystem expansion. Although the price target is high, current developments could bring SHIB closer to its target. However, the journey ahead is unpredictable and difficult.
At the same time, Rexas Finance presents an attractive investment opportunity due to its focus on tokenization of real-world assets, robust ecosystem offerings, and encouraging pre-sale performance. Rexas Finance is well-positioned for rapid expansion, making it a great alternative for investors looking for high-growth opportunities in the cryptocurrency sector.
For more information on Rexas Finance (RXS), visit the links below:
Website: https://rexas.com
Win a Million Dollar Giveaway: https://bit.ly/Rexas1M
White paper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
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