Due to the rising interest from investors, the Shiba Inu price has recently increased along with other cryptos Rising by about 4.4%, Shiba Inu (SHIB) over the previous 24 hours suggests that this surge might be only starting. Important signs point to SHIB’s positive momentum continuing, particularly in relation to whale activity. Especially, the SHIB burn rate has skyrocketed by 424% as big investors, sometimes referred to as whales, increase trade volumes in line with growing token demand.
Shiba Inu Burn Rate Surges 436%, Whale Activity Pushes SHIB’s Trading Volumes Higher
Data from Shibburn indicates that the SHIB burn rate surged 424% in the past 24 hours, therefore permanently eliminating hundreds of millions of SHIB tokens from circulation. About 52.3 million SHIB tokens were burnt just in this period. Rising token burns usually represent a good market mood since cutting supply helps to drive price increases. Because of their enormous volumes—often hundreds of millions or billions of tokens—they are vital in SHIB’s price movement. With transactions above $100,000 in SHIB totaling $294.64 million over the past seven days, blockchain analytics company IntoThe Block (ITB) notes the greatest weekly transaction volumes for SHIB this quarter. ITB statistics also reveal a recent rise in significant transactions; 4.81 trillion SHIB tokens—about $91.91 million—have been exchanged in the past 24 hours alone. From October 27, this surge shows a 437% rise in whale transactions, highlighting rising investor interest and optimistic activity inside the SHIB ecosystem.
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Can Shiba Inu Hit $0.000081?
Once the Shiba Inu broke free from its trend and started to form a triangle in its price movement—a pattern often seen as a positive sign for future growth—it suggests that as long as SHIB keeps up its current pace of progress; there’s still potential, for further positive developments. The following resistance values come at $0.000033, $0.000046, and $0.000071. SHIB will have to go beyond three main price hurdles if it is to reach the expected peak of $0.000081. These goals match the 61.8% Fibonacci extension level, a past annual high, and the 0.382 Fibonacci retracing level, respectively. Should bulls keep control, SHIB might reach $0.000081. A dip below the triangle, however, would indicate a reversal and could destroy the present bullish configuration. For now, though, given investors’ thorough observation of whale movements and burn rate data—which still suggest bullish momentum—SHIB’s price behavior seems 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 potential for growth, such as Rexas Finance. Focused on tokenizing real-world assets, Rexas Finance is positioned to upend the asset management industry by allowing fractional ownership of high-value assets, including commodities and real estate, via blockchain. The success of Rexas Finance’s most recent presale events captures this excitement. Within just two months, the initiative earned over $5.4 million and paid over 130% returns to early backers in Stage 4. After this successful phase, Rexas Finance started Stage 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 fast momentum emphasizes investors’ conviction in Rexas Finance’s original, future-oriented asset management style.
The “Rexas Millionaire Giveaway” is another main factor driving the presale expansion of Rexas Finance. With a $1 million prize pool, this project honors 20 lucky winners with $50,000 worth of RXS tokens, therefore generating significant market demand. To raise their chances of winning, participants are urged to volunteer in community projects and enter their ERC-20 wallet addresses on the Rexas Finance website. Along with bringing attention to the presale, this effort has increased investor participation inside the Rexas community. For early investors, Rexas Finance presents substantial growth potential. With a projected listing price of $0.20, the RXS token is planned to list on three top-tier exchanges in Q1 of 2025, offering a possible 186% growth for Stage 5 investors and over 330% returns for those who joined previous rounds. The recent listing on CoinMarketCap and CoinGecko will let investors monitor the token’s performance both pre- and post-listing, therefore offering a clear picture of the development of their investment. Driven by its unique approach to real-world asset tokenization and sustained community support, analysts estimate that RXS might witness a 10,000% increase post-listing despite hitherto unheard-of demand across presale phases.
Conclusion
Although Shiba Inu’s price projection seems encouraging, Rexas Finance presents a convincing substitute with maybe more returns. Rexas Finance appeals to investors seeking significant returns in 2024 and beyond with strong presale and creative features. Come get your RXS tokens and participate in this innovative investment by joining the Rexas Finance presale today. Go right now to learn more and get involved at rexas.com.
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Website: https://rexas.com
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