Dogecoin drew an interesting rise in interest from consumers and institutional investors as its price and active addresses climbed. But as the market has corrected, DOGE has been consolidating between $0.35 and $0.42. Arguments about the coin’s prospective worth for the last few days of the year have broken out: “Can Dogecoin reach $1 by 2024?”
Dogecoin to $1 by Year-End: What the Data Shows
Over the past month, a notable surge in active user addresses and cryptocurrency prices has led to fluctuations in Dogecoin’s value. Dogecoin had under 1 million active addresses months ago. By December 2024, it reached 9.52 million, a record high. This signals more user involvement and adoption, which is positive for any cryptocurrency. The network activity grew, but reaching $1 by 2024 is unlikely. More active addresses indicate more demand, but trading volume limits Dogecoin’s growth. DOGE’s 24-hour trading volume on December 5, 2024, was $15 billion, and the price dropped to 0.48. Since then, the volume has dropped, currently at $6.6 billion. The decline in transaction volume threatens coin growth. When volume declines, it is usually bearish, yet the price stays the same. Technical indicators show a bearish trend in Dogecoin since it has dropped below its 20-period Exponential Moving Average (EMA). If the coin fails to increase and breaks $0.48, it will sink to $0.42.
As of the time of writing this report, DOGE trades at $0.3954, down 3.5% in the past day. Dogecoin may not see any notable growth in the short term without a change in trading volume. Since such a transformation is unlikely, reaching $1 by year’s end sounds too ambitious. Analysts and investors looking for short-term gains should explore coins with better potential. One of them is Rexas Finance (RXS), a viral presale token that targets the tokenization of real-world assets (RWA).
Click Here To Buy Rexas Finance (RXS) Presale
Rexas Finance (RXS): An RWA Crypto With Huge Potential
Dogecoin’s future is unknown, but Rexas Finance (RXS) is expected to rise, especially in 2024. Rexas Finance aims to decentralize the tokenization of real-world assets. Allowing more people to invest increases liquidity and changes how tangible and intangible assets like real estate, commodities, and intellectual properties are managed, traded, and owned.
The project has several appealing features, including:
- Asset Tokenization:Rexas Finance allows low-budget investors to take fractional ownership of pricey assets like real estate, collectibles, and commodities.
- User-Friendly Tools: The Rexas Token Builder and QuickMint Bot simplify token generation for non-technical users. The Rexas Gen AI allows for rapid NFT creation within seconds.
- Security: The Rexas AI Shield ensures that every transaction and smart contract is safe and valid, preventing abuse.
- DeFi Offers: Rexas Finance uses yield farming and liquidity optimization, making it a decentralized finance (DeFi) platform. This lets users invest and earn passive income.
Rexas Finance has made significant progress in its ongoing presale. After selling out its presale Stage 9 ahead of schedule, Phase 10 has seen more rapid adoption as more than 88% of the allocated RXS has been bought. Each token presently costs $0.15 and is bound to increase further to $0.175 in the next stage. The decision to abandon venture capital investment to advance the project and instead focus on the public presale ensures retail investors have larger shares in this revolutionary project. This bottom-up approach keeps Rexas Finance more fragmented and user-driven, which will help it succeed.
Rexas Finance is considering listing RXS on three major exchanges to increase liquidity and reach. The project has also undergone a Certik audit, ensuring its cutting-edge technology safeguards every component of the platform’s smart contracts. Rexas Finance is also hosting a $1 million giveaway, rewarding 20 winners with $50,000 in RXS tokens. This initiative aims to boost project engagement and crypto world presence.
Considering the rapid growth trajectory of the RXS token, some analysts think its value may reach $1 or more after its initial exchange listing, making it a fantastic investment opportunity for those seeking the next major cryptocurrency project.
Conclusion
Due to declining trading volume and technical issues, Dogecoin’s $1 goal is unattainable, but network activity has increased greatly. By year’s end, a big catalyst or fresh market interest may be needed to surpass $1.
In contrast, Rexas Finance provides investors with a secure and profitable alternative. Rexas Finance plans to develop majorly in 2024 by tokenizing actual assets, listing on exchanges, and offering giveaways, and it has a strong community supporting it. At just $0.15, investments in RXS can be profitable for both short—and long-term investors.
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