As the scenario in cryptocurrencies is changing, Dogecoin (DOGE), used as a meme token, is making a comeback—and rightfully so—as new tokens like Rexas Finance (RXS) emerge to provide better options. While Dogecoin has been in the headlines and has garnered a massive fanbase, RXS is positioning itself as an alternative with great upsides, using the asset tokenization model on the Ethereum blockchain. Aiming for multiple returns, RXS targets investors who want to invest in assets that are beneficial to the real world and have utilities.
Current trajectory of Dogecoin: Should investors start being optimistic?
On 29 October 2024, Dogecoin finds its price at $0.169 with a firm market cap worth $24.45 billion. Looking at the weekly Dogecoin technical analysis chart pattern, traders may seek buying opportunities as the appearance of a rounded bottom pattern sometimes indicates the last phase of a downtrend and the subsequent rotation we’ve been observing. This setup, along with other reasons, is building excitement among traders and the loyal DOGE community who think the coin is ready to finally breach its former record high of $1, potentially setting off a new bullish phase. For DOGE lovers, this signals a recovery in price action. In the last two weeks, DOGE has increased by 42%, bringing it back into focus in the crypto community. Moreover, Dogecoin’s 15.1% surge in the past 24 hours, as well as its 10.4% gain against Bitcoin (BTC), demonstrates that DOGE is showing promising results compared to the ‘king coin’ of the crypto market. However, after hitting the $0.16 mark on October 29, DOGE’s price entered a phase of sideways movement as some investors started taking profits, and sentiment appeared cautious. Still, high trading volumes are persuading some DOGE holders to explore newer, quicker-growing alternatives, with considerable interest in projects such as RXS.
Rexas Finance (RXS): Will DOGE be dethroned?
Rexas Finance (RXS) is one of the tokens taking a more business-focused approach, with its asset tokenization model. Positioned below the 10-cent mark, RXS has fast appreciation potential, with some analysts forecasting a 10,000% ROI. RXS leverages Ethereum’s decentralized and secure network to transfer high-value assets—including real estate, commodities, and others—onto the blockchain. This asset tokenization model introduces fractional ownership, making investments accessible to both small investors and larger institutions. Rexas Finance’s unique capabilities, such as the Token Builder, allow users to create and manage individual asset tokenization and trading. The Rexas Launchpad enables projects to use a decentralized crowdfunding model, while Rexas Estate allows people to own real estate by lowering cost and geographical barriers to property purchases. Unlike DOGE, which is driven fundamentally by community and self-propelled momentum, RXS adopts a more utility-based approach to growth.
Why RXS holds an Edge Over DOGE
Today, after several years, Dogecoin continues to lead as the mainstream meme coin, whereas RXS is more focused on facilitating tokenization for real-world assets with a growth curve grounded in utility, not hype. RXS’s tokenomics are designed to promote sustainability by rewarding short-term stakers, which helps increase token scarcity and create demand. Only about 22.5% of the total token supply has been allocated for staking rewards, while 42.5% was reserved for presale to attract early investors and sustain growth post-presale. For investors seeking a balance between high ROI potential and functional use cases, RXS strikes an appealing balance.
Future potential: What lies ahead for RXS
As Rexas Finance prepares to move from the presale stage to the next phase of its project, it has raised over $4.9 million, reflecting market interest in this model. The presale has occurred in several stages, with token prices increasing at each stage, promoting early participation and creating a positive outlook for the token’s future. Rexas Finance listing on CoinMarketCap and CoinGecko is already building investor trust thereby improving the token’s visibility and growth. If this trajectory continues, RXS is projected to triple within a few months, from under $10 to around $19. Tokenization based on assets and Ethereum solutions within this investment model contributes to making RXS both attractive and practical. Today, managers in the crypto space view the purposeful roadmap, successful presale results, and effective tokenomics as factors pushing RXS beyond community-driven rivals like Dogecoin. Based on these attributes, RXS could be the next promising Ethereum-based token.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Halloween Giveaway: https://x.com/rexasfinance/status/1851983620765852009
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/rexasfinanc
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2024/11/this-10000-roi-crypto-will-repeat-dogecoins-price-surge-says-a-top-doge-trader