As the fourth quarter approaches, many coins are making headlines. Cryptocurrencies discussed the previous day include Dogecoin (DOGE), Shiba Inu (SHIB), and Lexus Finance (RXS). The causes of increased market activity for each token are different, but they all have a significant impact on the market.
Dogecoin (DOGE): Whale activity accelerates momentum
Dogecoin has been in the news lately thanks to the activities of prominent investors known as “whales”, i.e. investors who own large amounts of Doge. In the past few days, Dogecoin has executed a remarkable 1.4 billion DOGE, which is equivalent to $140 million in trades. The fact that this transaction was completed in less than 72 hours suggests a newfound confidence in memecoin among high-stakes investors. This type of whale behavior is important because whales are known to move markets. The re-entry of these large participants into the market has pushed Dogecoin up 18.5% over the past week and 3.3% in the last day alone. Key technical signals such as the Relative Strength Index (RSI) support the positive momentum indicating that DOGE has overcome a significant degree of resistance.
Shiba Inu (SHIB): record burn rate and recovery potential
SHIB’s incredible burn rate is the latest driver of its growing momentum. Approximately 1.88 billion SHIB tokens were removed from circulation in the past day, increasing the burn rate by 19,930%. This sudden increase in token burn can be attributed to the Shiba Inu community’s continued efforts to reduce supply, create scarcity, and influence price appreciation. A breakout from SHIB’s falling wedge pattern has increased enthusiasm and some analysts believe it could trigger a bullish signal. That’s a 360% increase. Over the past 7 days, Shiba Inu’s burn rate has increased significantly, increasing by 3,482% to over 1.9 billion tokens burned. Interestingly, over the past week, SHIB’s value has increased by 34.34%, while its price has fallen by 4.16% in the past 24 hours.
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Rexas Finance (RXS): Innovative presale execution
Rexas Finance (RXS) is a project centered around the tokenization of real-world assets, as opposed to meme coins like Dogecoin or Shiba Inu. Rexas Finance’s incredible presale results are creating all the hype. The presale, which began on September 8th, quickly gained momentum, raising more than $200,000 on the first day. Rexas Finance opened its second day of fundraising totaling $250,000, demonstrating strong investor demand.
The first two presale phases sold out in just 12 days, showing that the momentum continues. To date, 49.3 million of the 65 million RXS tokens have been sold, and Rexas Finance has raised over $1.9 million. The project is in the third stage of presale, with each token currently priced at $0.050. In the fourth stage, the price increases to $0.060. Rexas Finance is currently trending due to its excellent pre-sale performance as well as its innovative use cases. Rexas Finance facilitates the tokenization of tangible assets such as gold and real estate through the use of blockchain technology. The platform allows people to make fractional or full ownership investments in physical assets from anywhere in the world. It aims to bridge the gap between blockchain networks and traditional assets by providing more access, liquidity, and security. Rexas Finance offers significant upside potential for early investors. Once listed on the exchange, the coin will increase in value six times from its current pre-sale price of $0.050 to $0.20.
conclusion
While Dogecoin and Shiba Inu continue to dominate the meme coin market, Rexas Finance is notable for its novel approach to asset tokenization. All three of these coins are trending for good reason, and as they gain momentum, traders and long-term investors may find themselves in for some very interesting opportunities. Rexas provides a concrete use case as it is centered around the tokenization of real-world assets. This may also be of interest to people other than regular cryptocurrency investors. With favorable tokenomics and practical applications, this project is one to watch for the long term, as demonstrated by its successful presale.
For more information on Rexas Finance (RXS), please visit the link below.
Website: https://rexas.com
Win a million dollar giveaway: https://bit.ly/Rexas1M
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
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