Even though you could say that the entire cryptocurrency market has been experiencing rough patches, Dogecoin (DOGE) and Shiba Inu (SHIB) are particularly underperforming. These tokens were trading at their highest prices in 2021, and since then they have lost value of around 80%, and their future potential looks very unlikely. The current crisis can be connected to several elements, including macroeconomic impacts and more general market developments that have also harmed important cryptocurrencies like Bitcoin.
The Relationship With Bitcoin
The great correlation between Dogecoin and Shiba Inu explains one of the main causes of their declining values: Bitcoin. Data from IntoTheBlock shows that with Bitcoin, Dogecoin, and Shiba Inu have a price correlation respectively, so they tend to follow the price moves of the flagship cryptocurrency. DOGE and SHIB suffered greatly as Bitcoin fell below $56,000 on September 5, 2024; Dogecoin dropped to $0.096 and Shiba Inu dropped to $0.00001309. Macroeconomic events, including the continuous repercussions of the Yen carry trade and its connection with the stock market, which has also suffered significant losses, have slowed down the larger bitcoin market. These events have lowered investor trust, which has resulted in less trading of DOGE and SHIB. CoinMarketCap reports that Shiba Inu suffered a 12.86% drop while Dogecoin’s trading volume dropped by more than 3%.
Historical Patterns and Bearish Opinion
September has not been a good month for Dogecoin and Shiba Inu historically since most years since they first came out have shown monthly losses for both coins. In 2021, when the larger market was in a strong bullish phase, it was the last time they noticed notable increases during this era. While SHIB runs the danger of falling beneath $0.000010 if it falls under the psychological support of $0.000013, DOGE faces a critical support level of $0.077. Other cryptocurrencies are starting to show greater promise among the difficulties meme coins experience. Rexas Finance (RXS) is one such initiative that has become popular recently because of its creative approach to actual asset tokenization. Unlike meme coins, which frequently rely on hype and community-driven movements, Rexas Finance is focused on solving real-world problems by using blockchain technology to digitize and fractionalize conventional assets, such as real estate, commodities, and collectibles.
Rexas Finance (RXS): Another Choice for Getting Momentum
Currently in its presale stage, Rexas Finance presents investors with a discounted pricing chance to purchase RXS tokens. With the token price climbing from $0.03 in the first stage to $0.06 in the fourth stage, the presale has experienced very amazing expansion. Rexas Finance is fast attracting investor interest with over 90 million tokens traded and more than $4.2 million raised. The expected listing price of $0.20 points to early adopters having a notable possible upside. Rexas Finance has started a $1 million gift program whereby 20 fortunate winners will get $50,000 worth of RXS tokens apiece to increase involvement even more. Completing several tasks—such as inputting their ERC20 wallet addresses, finishing quests, and recommending friends to get additional entries—allows participants to raise their odds. This community-oriented strategy is meant to increase the user base of the platform and honor first supporters.
Special Qualities of Rexas Finance (RXS)
Rexas Finance stands out from other enterprises for several special qualities that help to generate its increasing momentum:
Rexas Finance streamlines the process of digitizing conventional assets, therefore facilitating fractional ownership and raising liquidity in hitherto non-liquid markets. This democratizes access to assets, enabling smaller players to engage in areas like real estate, hitherto restricted to high-net-worth individuals.
Rexas QuickMint Bot: Designed with popular messaging apps like Telegram and Discord, the platform has a user-friendly bot integrated. This bot lets users easily start and run token projects, therefore enabling the platform to be used even by non-technical people. Rexas Finance gives consumers freedom and options in their asset management needs by supporting token creation on numerous Ethereum Virtual Machine (EVM) compliant blockchains. Advanced artificial intelligence and blockchain technologies are included into the platform to offer improved security, lower costs, and expedite tokenization of data
Can SHIB And DOGE Rebound?
Although meme coins like Shiba Inu and Dogecoin have a history of sharp price swings, their reliance on social media buzz and community opinion poses major hazards. Macroeconomic challenges and the present bearish trend make a near-term recovery improbable unless more general market circumstances become better. Projects like Rexas Finance, which centers on useful applications and real-world scenarios, have a stronger basis for expansion. Real-world asset tokenization provides investors with a more sustainable and creative way to make cryptocurrency investments while simultaneously satisfying clear market demand. Rexas Finance is a great choice with great upside potential for anyone wishing to diversify their portfolio or search for alternatives to failing meme currencies.
Final Thought
As they keep following Bitcoin’s declining trajectory, the present crisis in the Bitcoin market has exposed the weaknesses of meme coins like Dogecoin and Shiba Inus. DOGE and SHIB have unknown futures given minimal hopeful momentum in the larger market. But motivated by their creative approach to asset tokenization and continuous presale success, substitutes like Rexas Finance are gathering steam. Rexas Finance offers a stronger and future-oriented investment choice, maybe yielding better returns than conventional meme coins, for investors looking to profit on the next great chance in the crypto scene.
About Rexas Finance :-
Website: https://rexas.com