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Breaking News: Banks Can Soon Issue Stablecoins: FDIC Begins Rulemaking Under GENIUS Act

Shiba Inu (SHIB) and Dogecoin (DOGE) Expected to Reach $50 Billion Market Cap in 2025, But Not Before This Token

Bitcoinist
by Bitcoinist
Last Updated: October 30, 2024 4:30 pm
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Two of the most popular meme coins, Shiba Inu Coin (SHIB) and Dogecoin (DOGE) have set themselves up for another round of market gains. While the market has shown recent declines, market experts share the opinion that both of the assets may reach a market capitalization of $ 50 billion in 2025. However, achieving this goal may not be easy for the developers, especially with emerging tokens such as Rexas Finance (RXS) within the niche.

SHIB’s Large-Holder Inflows and Market Sentiment

Shiba Inu has witnessed massive inflows from large wallets in the last few months, which indicates selective buying by whale investors. As shown in the Santiment data, the flow of SHIB into large holders rose by 554.88% in the last 90 days. This rebound has occurred in spite of a generally bearish tend in the cryptocurrency market, which means that some traders believe that the price may rise. Subsequently, the negative sentiment dropped by 719.81% recently, yet the 7-day sentiment improved by a notable 2,827%, suggesting a possible shift in market outlook. 

Source: X

Although trading volume decreased by 5.23% over the past day, this may reflect caution among investors waiting for clearer market signals. Analysts think that SHIB could benefit from negative sentiment because it tends to precede price increases and thus may rise toward $50 billion in 2025.

Dogecoin’s Bullish Predictions Amid Market Volatility

Dogecoin (DOGE) has also followed this trend and positive outlooks are expected to see the market value go as high as $50 Billion in 2025. Price wise, DOGE has been rather volatile in the recent past but for the last month it has had an appreciation of 26.61% in terms of market stats. The sustainability of the cryptocurrency is also enhanced by the fact that it has celebrities like Elon Musk behind it who has proposed a government structure named behind it. This is however, if Donald Trump wins the US election. 

https://twitter.com/elonmusk/status/1834104386303520822 

Nonetheless, DOGE still having heavy resistance just around 0.149$, and based on the current trading, it seems like going for some consolidation before a breakout will happen. Thus, DOGE has demonstrated its potential to attract trading volumes, with $1.3 billion against $300 million for SHIB. However, experts said that growth through a $50 billion market cap would demand a much sharper turn in the market and more investor sentiment.

Click Here To Buy Rexas Finance (RXS) Presale

Rexas Finance (RXS) Emerges as a Contender

As SHIB and DOGE aim for higher market valuations, Rexas Finance (RXS) has emerged as a new competitor in the decentralized finance space. RXS focuses on tokenizing real-world assets, such as real estate and collectibles, and has already garnered substantial interest in its presale phases. The project has raised over $4.6 million during its presale, with investors optimistic about its potential to reach new heights. 

The price of RXS has already doubled from its initial offering, currently trading at $0.060, with a launch price target of $0.20 by early 2025.

Rexas Finance’s potential for growth has caught the attention of traders who believe it could achieve a dramatic increase in value, possibly reaching as high as $13 by the first quarter of 2025. The project’s emphasis on making traditionally closed markets accessible to the public could drive interest from both retail and institutional investors. As SHIB and DOGE strive towards a $50 billion market cap in 2025, RXS could attract attention from investors seeking new opportunities in the evolving digital asset space.

Website: https://rexas.com

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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