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To say the least, it would be an understatement to say that cryptocurrencies are stable, and price fluctuations on Dogecoin (DOGE) are to be expected. For the past week, Dogecoin has had a 17% appreciation which raised its price up to $0.122. Is it possible for Dogecoin to ever reach that all-time high pegged at $1? People posit such a target more often than not, however, such an average price is more unlikely to occur. In the same vein, there are a few investors who are in search of alternatives, and because of this, they are beginning to look for other cryptocurrencies that would provide better returns. Among them is Rexas Finance (RXS) which is one of those projects that is rapidly gaining traction in the market.
At the moment, Dogecoin has a price of $0.122, a trading volume of $981.70 million over the last 24 hours, and a market value of $17.88 billion. Approximately 146.13 billion DOGE exist in the market giving it an upper hand on the market capitalisation list of most cryptocurrencies. Over the past seven days, Dogecoin has experienced a 17% increase, boosting its value to $0.122. Even though a significant portion of the price rise recently happened to be in the case of Dogecoin, the expected $1 advantage isn't within reach at the moment for the users. Most of the market researchers’ estimates allow claiming that such events may happen, but there is no reasonable hope for Dogecoin making one of its main goals: the rate crossing 1$ for a significant period, any time soon. Most analysts believe that DOGE will end up in the year 2024 at the level of around 30 cents. Such shoots in the price levels are certainly great to investors but they are indeed far from the $1 that many investors had cherished hopes to see.
Dogecoin's trajectory may be reaching its limits, but there are other interesting altcoins such as Rexas Finance (RXS) wow as well. Rexas Finance is now in stage three presale and is priced at $0.05 at this stage. The presale has been remarkably successful, as 30,000,000 tokens of RXS were already sold after the second stage presale was over. The first stage of the presale lasted just under three days raising a whopping $450,000 and now a raise of over $2 million has been reached as the presale now crosses 75%.
So, what’s the reason why parts of the finance of Rexas Finance are so appealing?
Rexas Finance platform allows its users to engage in asset management and other more advanced financial instruments making RXS one of the competitors in the cryptocurrency market. Rexas also chooses a model of deflationary tokenomics as in most cases a fixed percentage from each transaction is burnt thereby decreasing the available supply wherein the token price could appreciate over a period which is far different from that of Dogecoin. On a different but related note, more than 91,000 people drawn to the project’s $1 million giveaway have participated in the contest to date where 20 winners of the $50,000 each are being sought and there are 123 days left to go before the worst for the community is over. As the presale is underway, RXS tokens still cost $0.05, which means that it is the best time for forward-looking investors to buy an early stake in the token before its price goes up. Such utility, shortage, and early offer deployment opportunity is what presents Rexas Finance as a viable alternative to Dogecoin.
Dogecoin has earned individuals money since its inception, but the future outlook of the cryptocurrency reaching $1 still appears impossible given factors such as its inflationary structure and low adoption levels. Conversely, new projects such as Rexas Finance give investors a better chance. Since it addresses a real need and the presale is doing great, Rexas Finance is a good option for crypto hunters looking to place their bets on the next big thing
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
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
