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The cryptocurrency market has become quite volatile of late, with a few meme coins also experiencing some positive trends notwithstanding certain disadvantages. Shiba Inu (SHIB), who is dubbed by fans as the leading meme token, witnessed a burn rate increase of an astounding 3,348% recently, and in a span of just one day, burnt millions worth of tokens worth.Despite this, having those tokens burn did not seem to increase the price of the tokens as the price stalled. Another case is that of DOGS, which is another meme coin decreasing in price day by day and losing its impetus because investors are tired of it.
In the midst of this, a new arrival, Rexas Finance (RXS) is beginning to establish itself by concentrating on the tokenization of real-world assets instead of chasing imaginary profits, particularly in the lucrative real estate sector, which is quite appealing for cryptocurrency investors.
Shiba Inu Burn Rate Skyrockets 3,348% But Price Stalls
Out of the blue, the Shiba Inu (SHIB) token has registered a historic burn rate increase of 3348% within 24 hours, with the burning of over 7.8 million tokens worth of SHIB. However, notwithstanding this encouraging development, the price of Shiba Inu still remains more or less stagnant touching slightly lower levels when the sell-offs have started to recede and sentiment in the market remains mixed.
Burn rate is one of the important metrics in any cryptocurrency ecosystem for it shows the level of commitment of the user community to attempt and target and lower the total issue of coins in circulation in a move to increase the scarcity of the token.
Shibburn’s numbers indicate that the most recent fun burning of Shiba Inu has caused 7,843,196 SHIB tokens to be sent to dead wallets hence minimizing the supply. From the inception of the Shiba Inu token project, 410 trillion Shiba Inu (SHIB) Tokens have been burned out of the maximum supply of 1 quadrillion, leaving about 589 trillion still in circulation.
It is important to note that the Shibarium interface which automates the burning function, has greatly assisted in making this increase in the burn rate possible. However, even though the price rose as anticipated, the recent burn is likely to help achieve more stable prices over time with more SHIB tokens washed away. Regardless of the 0.35% price dip to $0.00001335, it appears it may not be long before this meme coin makes a comeback owing to the ongoing burn activity.
DOGS Continue to Fall
Although Shiba Inu is steady, the other popular meme coin, DOGS, is still struggling to catch up. After a good burst of exposure, DOGS was able to experience a price downturn of up to 38%, with the price standing at $0.0011, the lowest level since August 26.
The news about the arrest of Telegram’s CEO Pavel Durov prompted a flurry of DOGS token trading as crypto-meme users went through the roof. As in all news, that hype diminished and this regard for DOGS followed suit. That’s a steep drop from $1.8 after which it recorded $490 million of trading volume only in a couple of days.
Moreover, open interest in DOGS futures has also started to dry up suggesting that fewer and fewer investors are interested in them. For this case, the open interest has decreased from $149 million to $118 million meaning that the traders are starting to back off. This shows that there was a very short period of glory, while the appeal and the sentiment in the market dwindled even faster.
Rexas Finance (RXS) Targets Real Estate Tokenization
Currently, it seems that Shiba Inu and DOGS are still figuring out how to survive in these turbulent times. It’s a measure that economic development has come in handy and is performing exceptionally well in the Cryptocurrency market. Rexas Finance is involving Full Real Estate Asset Tokenization approaches by utilizing new technology and digitizing the objects to enable transactions.
In this model, which is called real estate tokenization, no amount of capital is too little to contribute. Rexas Finance makes it easier for you by making the most expensive properties ownable in parts through the Rexas Finance network. This increases the ability of such persons and organizations to invest indirectly in real estate. The system offers an accessible property tokenization API allowing anyone to equip the objects with tokenisation and putting them into the trade on the crypto market.
Rexas Finance Presale Stage 2: A Strong Start
Rexas Finance (RXS) is getting traction in the presale with Stage 3 56.31% filled. At a token price of $ 0.05, the presale has accumulated $1,318,347 against a budget target of $ 1.25 million and token RXS has been 36,208,664 out of the available 65 million. There is value in getting in early as the presale nears a close; the next stage price will be moved up to 0.06.
A 100x Play? Real Estate Tokenization Could Be the Key
With the tokenization of real-world assets being the prime focus, Rexas Finance has been earmarked by experts to be one of the next major 100x plays in the crypto market. Rexas Finance has a fundamental utility and this makes it a good prospect for whales and big institutional investors, unlike meme coins which have no use and depend on community pilling up.
The attractiveness of tokenizing real-estate investor properties is in its asset-base — SHIB and DOGS are likely to rise and plummet based on whether eyes are on them or not, as such assets are based on short periods of value. Rexas Finance thus offers an ideal risk to reward ratio in a crypto investing strategy that seeks to incorporate assets that have a real-world purpose.
Rexas Millionaire Giveaway: $1,000,000 Up for Grabs
Aside from the rapid outpouring of its presale, Rexas Finance has embarked on a new campaign, which is a $1,000,000 jackpot which will reward 20 lucky winners with 50 thousand USDT. This is an interesting move aimed at increasing the project awareness and also rewarding early contributors.
How to Enter the Giveaway:
- Submit Your ERC20 Wallet Address: To qualify for the giveaway, you must provide your wallet address.
- Complete All the Quests: Follow the steps to increase your chances of winning, ensuring you complete every task to unlock bonus entries.
- Refer Friends: For every friend you refer, you earn +15 entries, boosting your odds of winning.
Conclusion: Rexas Finance is the Future of Tokenization
As Shiba Inu and DOGS face challenges, Rexas Finance (RXS) stands out as a crypto with real potential. By focusing on real estate tokenization and offering real-world value through blockchain technology, Rexas Finance could be the next 100x play. With the presale nearing completion and big whales showing interest, now is the time to consider Rexas Finance as a long-term investment.
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
Source: https://coinedition.com/shiba-inu-burn-rate-skyrockets-3348-but-price-stalls-dogs-continues-to-fall-rexas-finance-rxs-targets-real-estate-tokenization/