The price of both Ethereum (ETH) and Shiba Inu (SHIB) has seen a bearish movement but has started a strong rebound. In parallel with this resurgence, however, a new crypto market entrant, Rexas Finance (RXS), possesses tremendous appreciation potentials which threaten to upend the entire market.
Ethereum’s (ETH) Strong Revival
Ethereum, which ranks second in the list of cryptocurrencies by market cap, recently had its price soaring to as high as $2,700. This upward movement indicates the point at which ETH changes direction after a very long sideways consolidation phase. Ethereum is up today due to increased discussions on its price in all social media, luring back the retail investors. The increased activity also saw busy chats regarding Ethereum and in turn an increase in margin and leverage trading. This fostered a BTC margin exchange wallet, a 7-week high in Ethereum margins, sustaining the rising probes into the prospects of the asset.
Shiba Inu’s (SHIB) Bullish Rebound
Over the last few weeks, SHIB has been trading with bullish price action, something that is more visible, particularly on the 4-hour chart. Following a rebound from the vital support level of $0.00001272, Shiba Inu is trading above its 100-day Simple Moving Average SMA which suggests increasing strength from the buyers. This recent move is due to a more general optimism regarding the currency as it targets a crucial resistance at $0.00002045. Looking at the daily chart, the SHIB token is still on a positive trend as evidenced by the emergence of the bullish candlestick patterns. This usually indicates that the asset may continue pushing high as traders and investors grow more bullish- this is usually normal after such a pattern is formed.
A breakout above the $0.00002045 level can pave the way for more upside action as market participants look for quick profits for the sake of the price dynamics.
Rexas Finance (RXS) Steals the Spotlight
Amid the string rebound of Ethereum and Shiba Inu, attention is being drawn to a newcomer, Rexas Finance (RXS). While ETH and SHIB entice investors, the new project Rexas Finance offers perhaps a new promise, better for those in quest of high profits early projects.The presale period of Rexas appears to be overwhelmingly successful. In the 2nd stage of its presale, it raised $1.25 million, which by all standards, further buttresses the faith of the investors. Currently, the token of RXS is at $0.05 raising over $1.5 million in total so far during the third stage of its presale with many analysts expecting the price to skyrocket once the said token is listed in exchanges.The involvement of Rexas Finance in the tokenization of real-world assets is one of the reasons why this project is attractive. This field of activity is still in its infancy but its prospects appear to be rather impressive. With the expectation of 4x returns starting from a presale price of $0.05 to a listing price of $0.20, investors are thoroughly supporting the project envisioning a prospect of making a profit from the tokens rather early.
What Lies Ahead?
The coming months must be deemed as critical intent for the three projects of Ethereum, Shiba Inu, and Rexas Finance as each cracks it in a very dynamic crypto space. Ethereum is likely to further expand as it currently serves most of the important services related to DeFi, NFTs, and blockchain itself. Shiba Inu’s transformation into a serious decentralized application platform from its meme token status could also provide positive long-term prospects for investors. Nevertheless, figuratively speaking, Rexas Finance is able to assume the role of a dark horse in the cryptocurrency market since the present time it is positioning itself in the area of asset tokenization. Among the reasons for making RXS presale gains, especially considering market and expert presale analysts’ unusually predicted uptrend, RXS has the potential to expose its early backers to good returns on investment.
Conclusion
Ethereum and Shiba Inu are undoubtedly good options in the cryptocurrency market, however, Rexas Finance (RXS) is unique for these early investors. Given the presale of the RXS that is aimed at the tokenization of the physical assets, RXS has room for enormous growth potential. This opportunity is great for RXS’s value is currently below $0.10 and thus, investing at this time can provide an opportunity for great returns in the future.
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
| Disclaimer: The text above is an advertorial article that is not part of Coincu.com editorial content. |
Visited 1 times, 1 visit(s) today
Source: https://coincu.com/284950-ethereum-eth-and-shiba-inu-shib-attract-attention-with-strong-rebound-but-newcomer-below-0-10-steals-the-spotlight