Shiba Inu, the second largest coin in the crypto market, has seen a pullback recently, even though its burn rate increased by over 3,400%. Despite this short-term pullback, optimism is growing among holders as technical indicators suggest significant rally potential. Meanwhile, a new competitor, Rexas Financeis attracting the attention of large investors, with promising pre-sale performance and a focus on tokenization of real-world assets (RWA). Rexas aims to capitalize on an underdeveloped market, and some believe this could challenge Shiba Inu’s past achievements.
Shiba Inu faces near-term setback amid broader market downturn
This year has been a real roller coaster for Shiba Inu as it has seen a spike of 247%. The meme coin, however, returned to 0.00002765 USDT, down more than 16.2% from its monthly high. This pullback can be attributed to the ongoing correction in the broader cryptocurrency market, with Bitcoin’s inability to breach the $100,000 mark only adding to market uncertainty.
https://x.com/army_shiba/status/1863861808605302943
However, Shiba Inu has maintained an optimistic outlook, despite the hindsight. The Altcoin Season Index rose to 80, indicating that most meme coins such as SHIB tend to perform better when altcoins gain momentum. On the other hand, the token’s ecosystem continues to grow, with the ShibaSwap and Shibarium initiatives pushing the project forward. SHIB recently experienced a massive burn rate, with over 2.02 billion tokens burned, bringing the circulation to 583 trillion.
Rexas Finance: a rising star in the RWA tokenization market
Although Meme coin enthusiasts are going crazy for Shiba Inu, Rexas Finance is quietly slipping onto the radar of large holders. Focused on the tokenization of real-world assets (RWA), the platform changed hands for over 21.9 million USDT during its presale, with 4% still unburned. Currently, the price is 0.10 USDT for Rexas (RXS) and it is expected to reach 0.20 USDT in early 2025.
https://x.com/rexasfinance/status/1864019525475381679
Rexas Finance seeks to create a simple and democratic way for citizens to become homeowners without barriers. Blockchain meets the ease of use of QuickMint Bot and Rexas Token Builder to help create tokens quickly. As a solution to RWA market challenges, Rexas’ approach mitigates high costs, complexity and regulatory opacity, making it a timely solution for mass adoption.
Pre-sales success and future prospects for Rexas Finance
The Rexas Finance pre-sale has generated so much interest that it is nearing its final phase. Currently, the token sale is around 96%. Large buyers are turning to RXS, the platform’s token, because of its potential to change the world of asset tokenization. Rexas Finance can only pursue RWA tokenization with these key partnerships, starting with a CertiK audit for security.
https://x.com/rexasfinance/status/1857692542290059502
This shows how quickly the presale will impact the market at Rexas Finance as people will receive rewards. Buyers have high hopes for the RXS price, as it is expected to rise soon, and want to get in early. Rexas is held in high esteem by many as being able to capture profits from previous token raises and as a key player due to the growing blockchain economy. Shiba Inu is heading towards a new high while Rexas Finance is growing immensely in anticipation of the next bull run and both crypto holders can profit from these projects. The question now is: How far will Shiba Inu’s previous performance go and take the lead, or could Rexas cement a quiet stealing of the spotlight using his new approach to real-world tokenization?
Website: https://rexas.com
White paper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
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