Shiba Inu, the second-largest meme coin in the crypto market, has seen a pullback recently, even as its burn rate surged by over 3,400%. Despite this short-term retreat, there is growing optimism among holders, as technical indicators suggest a potential for a significant rally. Meanwhile, a new contender, Rexas Finance, is gaining attention from big-money investors, with a promising presale performance and a focus on tokenizing real-world assets (RWA). Rexas aims to capitalize on an underdeveloped market, and some believe it could challenge Shiba Inu’s past achievements.
Shiba Inu Faces Short-Term Setback Amid Broader Market Pullback
This year has been a roller coaster ride for Shiba Inu as it saw a spike of 247%. The meme coin however retraced to $0.00002765 USDT down over 16.2% from its monthly high. This pullback can be traced to the broader cryptocurrency market’s correction that’s been ongoing, with Bitcoin’s inability to breach the $100,000 mark only adding to market uncertainty.
https://x.com/army_shiba/status/1863861808605302943
However, Shiba Inu has retained an optimistic outlook, despite the retreat. The altcoin season index has risen to 80, indicating that most meme coins such as SHIB tend to do better when the altcoins are gaining steam. On the flipside, the token’s ecosystem is still growing, with ShibaSwap and Shibarium initiatives driving the project forward. SHIB has seen a massive burn rate recently, with over 2.02 billion tokens burned, making the circulation 583 trillion.
Rexas Finance: A Rising Star in the RWA Tokenization Market
Despite Meme coin lovers going crazy with Shiba Inu, Rexas Finance is quietly creeping up on the radar of large holders. Focused on tokenizing real-world assets (RWA), the platform changed hands for over 21.9 million USDT during its presale with 4% still unburnt. Currently, the price is 0.10 USDT for Rexas (RXS), and it is expected to rise to 0.20 USDT in early 2025.
https://x.com/rexasfinance/status/1864019525475381679
Rexas Finance seeks to create a simple, democratic way for citizens to become owners without barriers. Blockchain meets ease of use for the QuickMint Bot and Rexas Token Builder to help quickly create tokens. As a solution to the challenges in the RWA market, Rexas’ approach mitigates the high costs, complexity, and regulatory opacity making it a timely solution for mass adoption.
Presale Success and Future Prospects for Rexas Finance
Rexas Finance’s pre-sale has shown such great interest that it is coming to the final stages. Currently, the sellout of tokens is approximately 96%. Big buyers are looking to RXS, the platform’s token, due to its potential to change the asset tokenization universe. Rexas Finance can only go ahead with the RWA tokenization with these key partnerships, starting with a CertiK audit for security.
https://x.com/rexasfinance/status/1857692542290059502
This shows how fast presale will impact the market at Rexas Finance because people will get rewards. Buyers have high hopes for the price of RXS, as it is expected to rise soon, and want to enter early. Rexas is held in high regard by many as being capable of capturing profits from previous token surges and as a definitive player due to the ballooning blockchain economy. Shiba Inu presses forward towards a new high while Rexas Finance grows wildly in anticipation of the next bull run and both crypto holders can take advantage of these projects. The question now is: Just how far will Shiba Inu’s previous performance go and will it take the lead, or could Rexas cement a quiet steal of the show using its novel approach to real-world tokenization?
Website: https://rexas.com
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
