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Rexas Finance (RXS) has emerged as a tough competitor to Shiba Inu (SHIB) which up until now remained the leading contender in the meme coin market. The “Shiba Inu Killer” crypto pricing under $0.12 is already easing into a significant chunk of SHIB with many experts projecting that it can target a crazy $12 by 2025.
In this article, we will examine the context of the recent growth of Shiba Inu, the swift growth of Rexas Finance, and the competitive position of RXS in the environment of altcoins.
Currently, the price of SHIB is at $0.0000134 with daily trade volume amounting to 183, 270, 000 USD. Since yesterday, SHIB has been at -0.02% and this puts the total market cap at $7.90 billion with a total supply of 589.26 trillion.
On August 24, 2023, the price of SHIB peaked at $0.000016 but has since descended by 19% mainly due to the negative market picture and a low MVRV ratio. This downward trend has been made worse by the emergence of the other tokens especially Rexas Finance (RXS) which is regarded as the “Shiba Inu killer”.
The trend is being altered alongside other factors such as the focus of their investments in more innovative options especially ones that would bring more expected growth regarding price as it takes over a large part of the market from SHIB. This takes us to the tale of Rexas Finance and its grand vision.
With its target market defined, Rexas Finance (RXS) has come up with slick marketing tools that have garnered considerable influence in crypto markets. Competition with Shiba Inu is one of the recent events associated with Rexas Finance (RXS). Currently in its second presale phase, priced at only $0.04, RXS has already generated serious demand from investors, with 20 million of the tokens being available at this stage. Presale has raised more than $800,000, thereby approving tokens and increasing interest from investors. The unique value proposition is one of the main reasons that Rexas Finance has been able to take such a large chunk of the market from SHIB. While Shiba Inu depends on its meme status and a decentralized ecosystem, RXS is being marketed as a utility token fully targeted towards DeFi, governance, and staking.The project offers a cash sweep that is currently running a live $1 million giveaway on the project's website which over 65,000 people have entered. There are still 135 days left in the promotion so, more users are bound to join, win, and also help boost the growth of the token and ensure its user base continues to grow.
Trending among members who participate in cryptocurrency activities is an optimism towards the future of Rexas Finance. Consider the present trend: The token will experience a rise in the coming years and 2025 seems to be the year when this will happen. There are reasons why RXS will surge to $12 by that time, believe it or not, a huge jump from its price currently at lower than 0.12. A few reasons could explain why such an upbeat projection can be maintained. To begin with, RXS is leveraging on the ever-expanding opportunities in the decentralized finance industry. DeFi projects have allowed for innovations into various aspects of finance that had for long remained centralized such as banking, lending, and investing. As RXS becomes more entrenched in the DeFi scene, its demand and therefore demand are expected to rise, drawing in more users and investors. Secondly, the presale that has continued underway is a good indicator of demand. Raising over $800,000 already within such a short time frame is a good indication of the market feeling. If Rexas Finance manages to keep the positive momentum, especially by its elaborated plan realization, it might become one of the leaders in the cryptocurrency world.
Although Shiba Inu (SHIB) is still a dominant player in the altcoin sector, its price and market share have been on a downtrend which has left space for rival projects such as Rexas Finance (RXS). Thanks to the cheerful presale surge, booming investor interest, and many forecasts pointing to a $12 value in the year 2025, Rexas Finance (RXS) has been gaining a considerable market share from SHIB.
Website: https://rexas.com
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
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