As is the case with most business sectors, the world of cryptocurrency moves quickly and breakthroughs can be seen practically every other day. As of now, three popular tokens in the market, Shiba Inu (SHIB), Dogecoin (DOGE), and Rexas Finance (RXS) are going in different directions, enabling us to experience the ups and downturns of the world of virtual currencies. While Shiba Inu is trying to realize the ambitions of hitting the $1 mark, Dogecoin is stuck in limbo waiting for the booster shot of the most famous mascot – Elon Musk, and the presale of Rexas Finance is making headlines as it garners a lot of attention from the presale.
Shiba Inu (SHIB): The $1 Dream that Might Never Happen
Shiba Inu’s price is $0.0000142 at the time of writing with the market capitalization reaching $8.37 billion. Although these figures might sound impressive, they are very far from what the meme coin would need to achieve so that it reaches the value of $1 which some speculators have been supporting over the years. For Shiba Inu to be traded at $1, then its market cap will have to grow to $589 Trillion which is even higher than the total global wealth which is thought to be around $432 Trillion. Let’s put this into perspective, SHIB would need a phenomenal 7.7 million percent increase from its current price. The drastic number of growth that is deemed necessary to achieve that elusive target of the $1 price range is what makes this goal beyond near-sighted fantasies.
Dogecoin (DOGE): Awaiting Elon Musk’s Support
Another well-known meme currency is the Dogecoin whereas this currency too was involved in the bullish rush of the year 2021. Many people began to believe in the cryptocurrency as well as in the tweets of Elon Musk and this made the cost of Dogecoin to rise during this time. Between January and May of 2021, DOGE saw an incredible increase of 9,884% and closed the peak of the surge reaching $0.74 at the end of the bull run. Musk’s influence on the coin price was quite evident since every price surge followed his tweets. Since the over-enthusiasm plateau was reached, DOGE has not sustained this pace of upsurge. In some ways, it has indeed become one of the most famous cryptocurrencies, but due to the absence of external support—in this case, the famous Musk’s endorsements—Doge`s price has been gradually drifting downwards. Recently, Dogecoin appears to be on standby mode, hoping for the engine of the club to come back and fire it up once more.
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Rexas Finance (RXS): Presale Success and Growing Investor Interest
Despite the setbacks that the Shiba Inu and Dogecoin factions may be undergoing, Rexas Finance (RXS) is catching up as attention seems to be generated during the presale stages. In the second stage of the presale, which is still ongoing and attracting global participation, the digital asset management platform has raised $1,250,000 after all 20 million at $0.04 each token were sold out.
This follows the successes that were witnessed in the first presale stage of the company, whereby 15 million tokens were sold out within three days. It is also worth mentioning that on the website of Rexas Finance, there is a promotion campaign for which a $1 million reward is given out, in which more than 72,000 participants have already taken part. With 132 days left in the giveaway, this campaign aims to raise more publicity on the project and enhance the community around the RXS token. Rexas Finance’s successful presale, the timing of the promotional campaign, and the focus on the problem are elevating the project in the competitive landscape.
Conclusion
Each of these tokens brings different opportunities and also brings challenges to an investor. Shiba Inu and Dogecoin are mostly dependent on speculative hype and external events, while the attractiveness of Rexas Finance is within its use case and expanding ecosystem. It would be interesting to observe how these three tokens will develop in the market as the crypto world keeps changing.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Win $1 Million Giveaway: https://bit.ly/Rexas1M
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
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