Dogecoin (DOGE) is on the rise as interest from both retail and institutional players looks to push the price higher. It is trading at $0.37184524 at the moment and has a market capitalization of $54,587,478,794. DOGE’s price is stronger than most of its competitors and has grown from $0.16 in recent months. It looks like a similar rally that occurred in 2021 is near.
Dogecoin (DOGE) Remains Bullish: A Trend-Defining Pattern is Forming
On the weekly timeframe of the Dogecoin chart, the price is forming the second phase of a bullish reversal pattern called a “rounding bottom.” This structure is considered a strong indication that the preceding downtrend is nearing an end and the subsequent uptrend may soon be in motion. DOGE bulls have an opportunity to set new records as they increase pressure at the $1 long-standing all-time high resistance. Should Dogecoin succeed in getting above this level, it would officially declare a bull market. Coupling the current price patterns with buying pressure has boosted confidence among most traders and investors. The upward momentum in Dogecoin can be attributed to its avid supporters as well as some recent positive market trends in the crypto world. As we will see, these factors could be just what DOGE needs to replicate or even exceed the gain it made during its stellar 2021 rally.
Reason 1: Trump’s Victory Sparks a Crypto Surge
The result of the US elections, in which Donald Trump won the presidential race, saw the cryptocurrency market rise. With Donald Trump as the President, his backing for the cryptocurrency market certainly appeals to investors and boosts their confidence in the space. This also makes Dogecoin, as one of the cultural linchpins of the cryptocurrency community, among the first coins to gain traction under this new vision. As it turns out, as Bitcoin and other major cryptocurrencies continued their increase, DOGE gained billions in value as many investors moved to it as a representative of the rally. President Trump’s words in support of decentralized financial solutions further empowered the whole perspective of Dogecoin. Now, investors perceive DOGE as something more than just a meme coin, with the potential to become an asset along with a real opportunity to benefit from the booming market.
Reason 2: The Unwavering Endorsement of Elon Musk
Elon Musk, Tesla CEO, has been a semi-activist around Dogecoin. Hence, even today, Musk remains central to Doge’s narrative. However, Musk’s recent idea of a D.O.G.E (Department of Government Efficiency) will bring an interesting twist to Dogecoin’s story. The acronyms were particularly creative and seemed to spark excitement, especially with the Dogecoin community, as it is viewed as yet another proof of Musk’s support for the meme currency. The price of Dogecoin, which has seen sharp price increases in the past, to a large extent, can be attributed to Musk’s ability to create history. For the most part, Musk’s tweets and statements have been trigger points for price increases for Dogecoin. His recent activities have not been different. Since the announcement of the D.O.G.E proposal, there has been an influx of new retail investors, which will increase the price of the coin even further.
How High Can DOGE Go?
As the momentum picks up, it looks like the possibilities for the price of Dogecoin are high as well. Analysts expect this for Dogecoin and give a target of 1 dollar in the medium-term horizon, which does not seem far off given the current trends. On the other hand, 2025 projections indicate that the lowest price for Bitcoin will not fall below $0.0915, while the highest targets are $0.323 and $0.411 for the average price. Nonetheless, Dogecoin’s dependence on market emotions and community-fostered enthusiasm is what renders its future scope uncertain. While its loyal fanbase and distinct space in the crypto landscape are a strong base, the long-term success of DOGE will be influenced by consistent interest and future adoption.
Rexas Finance (RXS): The Smarter Investment Alternative
As Dogecoin continues to gain interest through its loyal followers, an up-and-coming finance project has also started building a name for itself in Rexas Finance (RXS). Unlike Dogecoin, which has many features in popular culture, Rexas Finance is purpose-built to tackle problems in the real world regarding asset tokenization. With Rexas Finance, users will be provided with the ability to fractionally own high-value assets such as real estate, art, and intellectual properties, which are otherwise limited to specific market groups. This visionary concept increases available investment options and the liquidity of the securities, making Rexas Finance a unique addition to the already full crypto market. During the presale phase, Rexas Finance’s token incredibly raised $8.6 million and sold over 155 million tokens. It started at $0.03 in Stage 1 and is currently priced at $0.08 in Stage 6, a growth rate of 166%. The company aims to launch on several major exchanges at around $0.20, so RXS can be expected to achieve tremendous growth. Its presence on CoinMarketCap and CoinGecko has added to its credibility, and with a CertiK audit having been successfully executed, investors’ confidence regarding the platform’s reliability has been restored.
Its ecosystem encompasses a wide range of products, including the Rexas Token Builder, which allows users to develop and oversee their own tokens, and the Rexas Launchpad aimed at nurturing up-and-coming blockchain projects. Such tools, together with AI and DeFi integration, truly position Rexas Finance as an all-in-one platform for contemporary investors. To reward the members of the community, Rexas Finance has also started a $1 million giveaway competition in which 20 winners take home $50,000 worth of RXS tokens. It also ensures that RXS is a community-oriented project with longevity, which helps to foster loyalty.
Conclusion: Two Distinct Paths Towards Success
Dogecoin may be the center of attention as it comes with the gimmick appeal of memes fused with endorsements, whereas Rexas Finance is a little more rational in the sense that there is utility in investing in it. Both projects have their ups, but RXS is quite different, especially because of how they tokenized real-world assets, which makes them a more proactive choice for investors. With the next phase of the crypto market currently on the way, the choice now between Dogecoin and Rexas Finance would depend on individual milestones. Meme coin rallies will still have DOGE in strong positions, and strict meme advocates will still go with it without question. On the contrary, for traditional investors who are looking for growth, it appears RXS would be the wiser option.
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
