The bull run that occurred in 2021 was a period of remarkable expansion for the virtual currency market, as it was for one trader in particular. In this instance, this crypto trader is notable for earning below-par performance, as he made a whopping $80 million profit from investing early in Dogecoin. In addition, the same trader has been seen accumulating yet another cryptocurrency this time around called Rexas Finance (RXS), which is being termed the ‘DOGE rival’. Rexas Finance was available for just $0.06 per presale and is increasingly proving popular among traders looking for the trigger for the next big thing.
Dogecoin 2021 Bull Run: A Story of Meme Coin Success
When it commenced, Dogecoin was primarily viewed as the coin for an impulsive market, a joke for a serious no-coin with future aspirations. However, in the year 2021, using his social media support, community support, and a few high-profile advocates, including Elon Musk, DOGE within the past few years, skyrocketed. A lot of the early users, especially the $80 million advance trader, had all their returns increase astronomically, bringing out the fact that even meme coins have the potential to change one’s life in the sphere of cryptocurrency.
With the development of the market, investors’ expectations changed, too. Now they want more than just such a simple hype, but such that will have real-life applications and endurance. This is where the setup of Rexas Finance starts.
Why do investors find Rexas Finance to be similar to DOGE?
Rexas Finance is principally promoted as a low-cost cryptocurrency where it operates in the same zone as Dogecoin; however, it does set itself apart by its usefulness and orientation towards the emerging market of RWA tokenization. Unlike DOGE, which is tethered to various community activities, Rexas Finance provides a practical purpose for launching the platform. Specifically, it allows users to create and trade tokens of real-world objects such as real estate, artworks, etc. through the blockchain system.This additional layer of utility makes Rexas Finance attractive, especially for those who are after cheap prices with a promise of future earnings. The price, which was only at $0.06 during the presale of Rexas Finance has already attracted the likes of those in the market who, in previous trades, have been noticed to have cratered fortunes with DOGE.
Rexas Finance (RXS) The Presale The Market For The Growth Prelude
Rexas Finance at the moment is in its presale stage and indicators show there is enough appetite for the investors. In Stage 4 of its presale, RXS is priced at $0.06, whereupon the next stage will see a price hike to $0.07. The presale has moreover collected funds amounting to $2,806,293 involving the sale of 65,938,206 tokens, therefore proving there is interest in the project.For investors who are already acquainted with cryptocurrencies, this presale is a critical decision for them. The price is rather low, which means that lots of room for upside exists, especially at this stage when Rexas Finance is still working on enhancing its platform and growing its presence in the asset tokenization market.
To generate even greater interest and encourage participation from the community, Rexas Finance has launched the Rexas Millionaire Giveaway as well. This program brings in an astounding 20 people who will be given $50000 each and it adds to the presale excitement with the approach of investors expecting such prizes in the hundreds of thousands. It is also possible to provide investment services, submit an ERC20 wallet address, and complete activities that promote the community. The giveaway has been timed perfectly with an upward move in token buy pressure as people hurry to invest and spread the word about the project as the token price will be increased in the next phase.
How to Buy Rexas Finance (RXS)
For anyone who wants to become a professional trader, there is an easy manner to buy units of the presale for Rexas Finance.
Step 1: Prepare Your Wallet
Before executing this sale, another implementation would be to ensure a compatible wallet with Wallet Connect features. Many people prefer using MetaMask or Trust Wallet but literally almost any decentralized wallet with some connection to Wallet Connect would do.
Step 2: Purchase Ethereum (ETH)
Please ensure that you have the necessary amount of Ethereum (ETH) in your wallet because this will also be needed to cover network gas fees. It does not matter if you choose to purchase Rexas Finance using USDT; you still need to utilize ETH in your wallet for transaction fees.
Step 3: Access to the Rexas Finance DApp
To access the Rexas Finance platform, go to rexas.com and click on the “Connect Wallet” button. A prompt will ask you to connect your wallet. When utilizing the wallet, ensure that it is on the Ethereum Chain (ERC20) to prevent any issues with the transactions.
Step 4: Select Your Payment Method
From Rexas’s dashboard, you can select a payment method, which can be either ETH or USDT. Indicate the amount you want to invest and the platform will indicate how many RXS tokens you will receive after your investment.
Step 5: Finish the Transaction
When you have entered your investment amount, confirm your purchase. You will receive a request on your wallet to authorize the transaction, and upon completion of the approval, you will see the RXS tokens deposited into your wallet in real time.
Two transactions are required upon purchases of USDT; they are one where the USDT contract is approved and another where the actual purchase is completed. For success in buying RXS tokens, these two steps have to be done.
Could Rexas Finance Be the Next Big Thing?
Naturally, the news that a trader who made an $80 million profit from Dogecoin is now investing in Rexas Finance was of great interest in the cryptocurrency world. It is not just another penny crypto thanks to its real-life usage and ever-growing presale performance. The token aims at utilizing blockchain technologies in the promotion of asset ownership among all demographics, which makes this investment appealing to investors seeking projects with high activity and growth potential.With each subsequent presale rounding up, the price of Rexas Finance goes up, meaning that there is a good opportunity for investors who invest early on to reap a good return. Whether Rexas Finance will live up to the sudden popularity that has been bestowed on Dogecoin is a question yet to be answered; however, for the time being, it remains a bright prospect when viewed from the crypto space.
For more information about Rexas Finance (RXS) visit the links below:
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Source: https://thenewscrypto.com/crypto-trader-who-profited-80m-from-dogecoin-during-the-2021-bull-run-spotted-buying-into-new-doge-rival-priced-below-0-10/