Due to growing investor interest, the price of Shiba Inu has recently increased, as have other cryptocurrencies. Up around 4.4%, Shiba Inu (SHIB) over the previous 24 hours suggests this rise may just be beginning. There are significant signs that the positive momentum of SHIB continues, particularly with respect to whale activity. Notably, SHIB’s depletion rate has soared 424% as large investors, sometimes called whales, increase trading volumes based on growing demand for the tokens.
Shiba Inu Burn Rate Increases 436%, Whale Activity Drives SHIB Trading Volumes Up
Shibburn data indicates that SHIB’s burn rate increased by 424% in the last 24 hours, permanently removing hundreds of millions of SHIB tokens from circulation. Around 52.3 million SHIB tokens were burned in this period alone. Increasing token burns generally represent a good market mood as reduced supply helps drive prices higher. Due to their enormous volumes – often hundreds of millions or billions of tokens – they are essential in the price action of SHIB. With transactions above $100,000 in SHIB totaling $294.64 million over the past seven days, blockchain analytics firm IntoThe Block (ITB) notes the largest weekly trading volumes for SHIB this quarter. ITB statistics also reveal a recent increase in large transactions; 4.81 trillion SHIB tokens, or approximately $91.91 million, were traded in the last 24 hours alone. Since October 27, this increase shows a 437% increase in whale transactions, highlighting growing investor interest and optimistic activity within the SHIB ecosystem.
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Can Shiba Inu reach $0.000081?
Once Shiba Inu breaks free from its trend and begins to form a triangle in its price movement – ​​a trend often seen as a positive sign for future growth – this suggests that as long as SHIB maintains its rate of advance current ; there is still potential for further positive developments. The following resistance values ​​stand at $0.000033, $0.000046, and $0.000071. SHIB will need to clear three main price hurdles if it wants to reach the expected high of $0.000081. These targets correspond to the 61.8% Fibonacci extension level, a past yearly high, and the 0.382 Fibonacci retracement level, respectively. If bulls remain in control, SHIB could reach $0.000081. However, a dip below the triangle would indicate a reversal and could destroy the current bullish setup. For now, however, given investors’ keen observation of whale movements and burn rate data – which still suggest bullish momentum – SHIB’s price behavior appears encouraging.
Rexas Finance (RXS): a viable alternative with higher growth potential
Although SHIB presents an interesting possible rally, many investors are now looking for alternatives with more growth potential, such as Rexas Finance. Focused on the tokenization of real-world assets, Rexas Finance is poised to disrupt the asset management industry by enabling fractional ownership of high-value assets, including commodities and real estate, via blockchain. The success of Rexas Finance’s latest pre-sale events demonstrates this enthusiasm. In just two months, the initiative raised over $5.4 million and paid over 130% return to early backers in Phase 4. After this successful phase, Rexas Finance launched Phase 5, now 74% complete. Selling approximately 114.7 million of the 155 million tokens allocated for this phase, the current presale round has raised $5.78 million of its $8.6 million target, with each RXS token costing 0.07 $. This rapid momentum underlines investors’ conviction in Rexas Finance’s original, forward-looking asset management style.
The “Rexas Millionaire Giveaway” is another main factor in the expansion of Rexas Finance presales. With a prize pool of $1 million, this project honors 20 lucky winners with $50,000 worth of RXS tokens, generating significant market demand. To increase their chances of winning, participants are invited to volunteer in community projects and enter their ERC-20 wallet address on the Rexas Finance website. In addition to drawing attention to the presale, this effort increased investor participation within the Rexas community. For first-time investors, Rexas Finance presents significant growth potential. With an expected listing price of $0.20, the RXS token is expected to be listed on three leading exchanges in the first quarter of 2025, offering possible growth of 186% for Stage 5 investors and returns of over by 330% for those who joined in previous rounds. The recent listing on CoinMarketCap and CoinGecko will allow investors to monitor the token’s performance before and after listing, providing a clear picture of how their investment is progressing. With its unique approach to tokenizing real-world assets and sustained community support, analysts estimate that RXS could see a 10,000% post-listing surge despite previously unheard-of demand during pre-sale phases .
Conclusion
Although the Shiba Inu price projection looks encouraging, Rexas Finance presents a compelling substitute with perhaps more returns. Rexas Finance appeals to investors looking for significant returns in 2024 and beyond with robust pre-sale and origination features. Come collect your RXS tokens and participate in this innovative investment by joining the Rexas Finance presale today. Go now to learn more and get involved at rexas.com.
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Website: https://rexas.com
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