The crypto market is now very optimistic, given positive prospects for the forthcoming U.S. election. A good outcome for the crypto community will see BTC and other altcoins explode. Shiba Inu, Ripple, and Dogecoin might rally in this cycle, but other factors can also affect their price surge besides the election. With rumors of price rallies, these three altcoins have attracted much interest lately. Apart from the buzz, though, how high can they indeed climb?
Shiba Inu (SHIB): A Possible $0.000045 Breakout
SHIB has not been performing well. Trading at $0.000016, it has fallen by 5% in the past month. However, SHIB is currently forming a symmetric triangle pattern driven by a consolidation trend. This tendency can cause a surge to challenge the triangle resistance at $0.0000114. If it breaches this barrier, the price will begin to soar toward $0.00002. The next price target will be $0.00003. Should it keep pace, SHIB might reach $0.000045 in this cycle. If it fails to overcome the opposition, it will find support at $0.000015 and might descend to lower lows.
Dogecoin (DOGE): A Move Toward the $0.3 Mark
Dogecoin (DOGE) is known to follow the broader market trend. Hence, the outcome of the forthcoming election will be crucial in its price movement. Should Donald Trump, the pro-crypto candidate, prevail, it will create conditions for a DOGE rise. An announcement made during Donald Trump’s campaign has increased this likelihood. During a recent rally, Elon Musk was named the co-founder of the Department of Government Efficiency (D.O.G.E.), which led DOGE to increase by 15%. Profit-taking, however, might pull the price down, favoring bears. According to on-chain metrics, 92% of the DOGE supply is profitable. Should investors choose to take profits early, the selling pressure will lower the asset’s price. But if bears don’t take profit, DOGE can rally between $0.2 and $0.3. DOGE currently trades at $0.148.
Ripple (XRP): Can Ripple See a 3500% Price Rise?
Recently, several issuers, including Bitwise, Canary Capital, and 21Shares, requested the XRP ETF. This has left investors anticipating the launch of a Ripple exchange-traded fund. However, the upcoming election will play a significant role in the possible approval of the ETF. If Donald Trump wins, the chances of approval will increase, which will, in turn, fuel the XRP price in this market cycle. However, if he loses the election, the XRP price may plunge. Additionally, a crypto expert, Block Bull, has painted a highly bullish picture for XRP. His study shows that it would rally if it could consolidate for 36 weeks. This consolidation pattern had played out in 2017 when it hit its all-time high. The rally is expected to happen in late December. If this is the case, XRP could rally by over 3500%, as in 2017, pushing the price to $17 from the current $0.50. However, the ongoing legal case with the SEC can lessen this rally.
Rexas Finance (RXS): A Presale Token With A Bigger Rally Then SHIB, XRP, and DOGE
Meanwhile, Rexas Finance has shown strong potential to rally. The token presale launched in September and has gained ground, raising almost 6 million. Stage 4 of the presale has been concluded, and stage 5 is live at $0.07. The next stage is set for $0.08, with the launch price fixed at $0.20. Early investors can profit from RXS’s steady growth in 2024. Besides its short-term gain, Rexas Finance promises long-term sustainability. The project has keyed into the lucrative real-world asset (RWA) market, providing a platform where even smaller investors can trade RWAs. Using blockchain technology, Rexas Finance tokenizes these assets, making them accessible in smaller fractions. This breaks the entry barrier, increases liquidity, and supports global access. Rexas Finance has quickly found support, which is evident in the quick sales of its tokens. RXS can even be tracked on CoinGecko and CoinMarketCap, allowing for transparency and access to information. As a pioneer in real-world asset tokenization, Rexas Finance has huge potential to grow and expand. Its tools include a token builder for easy tokenization, the Rexas GenAI for generating NFTs, and the Rexas Launchpad to help startups raise funds. These tools guarantee functionality, attracting investors to its ecosystem. RXS’s upcoming launch will take place on three top exchanges, exposing it to a broader audience and thereby boosting its value. Experts expect a potential 20,000% rally in the next cycle.
Conclusion
The outcome of the upcoming U.S. e, with its potential to transform the financial space and grow rapidly, hinges on how high Shiba Inu, Ripple, and Dogecoin can rally. Meanwhile, Rexas Finance is building momentum ahead of its token launch and is expected to rally. The platform also offers an opportunity to win big in this cycle through its million-dollar giveaway. Rexas Finance will reward 20 lucky winners with $20,000. Investors can now join in to stand a chance to win big in 2024.
About Rexas Finance :-
Website: https://rexas.com
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
