Some tokens have produced a frenzy amongst the public like Dogecoin (DOGE) and Shiba Inu (SHIB). Both animals earned massive social media presence during the euphoria of the 2021 bull market, and their price action made anyone who invested in them earn good returns. However, could there be a new player who is about to step in and perform just like them? Those who made money during the Dogecoin and Shiba Inu bull runs are now going crazy about one probable new token Rexas Finance (RXS), which is currently below $1.
The Dogecoin Phenomenon
There was a significant amount of influence provided by celebrities towards Dogecoin’s 2021 bull run in particular from the prominent entrepreneur, Elon Musk of Tesla and SpaceX fame. Tweets on Dogecoin by Elon are rather cryptic and make it to the point the token price goes to the peak. At some point, the price of DOGE drastically increased up to more than 22,000% moving from its general looking fees in 2021 to its highest price ever recorded in the history of $0.73 which attracted investments enough to challenge leading cryptocurrencies Bitcoin and Ethereum at a given time. Complementing the strength of Twitter, the Dogecoin phenomenon also had the benefit of hype infused by social networks. However, that hype and excitement has dwindled since then and although DOGE is still one of the leading coins by market capitalization, its price has seen a significant drop from its 2021 highs.
Shiba Inu – the ‘Dogecoin Slayer’
SHIB price had more effects than the crashes of Dogecoin where early investors made returns worth tens of thousands of percentage points. The most memorable spike in SHIB was during the period from May to October 2021. SHIB on May 11 2021 rose by 1,953% from $0.00000172 to $0.00003532. The token however created high expectations for its traders but disappointingly pulled back to $0.00000793 within three weeks. Following several months of relatively stable price fluctuations, SHIB made another vicious surge in October moving from $0.00000766 to $0.00002913 between October 2 to October 13. The price climbed up to its all-time high of $0.000089 on October 28, but it was once again followed by a market correction.
Could Rexas Finance (RXS) Be the Next SHIB or DOGE?
The attention turns to another crypto project, Rexas Finance (RXS), for which crypto insiders who made money on Dogecoin and Shiba Inu are now going crazy. Currently in presale, the price of RXS tokens is a cheap $0.04 after its first stage sold out in less than 3 days. There appears to be something building momentum as the price of tokens rises to $0.05 in the next weeks of its presale. Many believe RXS has what it takes to achieve the successes that in 2021 were familiar with dogecoin and shiba inu. Why are the insider wallets now so interested in RXS? First of all, the token is less than $1 which gives it a lot of upside potential for people to get in. Additionally, it is very good especially for the company to seek such an expansion at this time because RWA tokenization has grown tremendously in the past few years. The presale accomplishment that RXS was able to achieve has already attracted some important companies in the crypto industry. Suppose the token manages to stay afloat and achieve the targets that it has set within the DeFi ecosystem. In that case, it might well turn out to be the next major meme coin or utility token that will rock the market in a few months.
Conclusion
Dogecoin and Shiba Inu were noteworthy assets in 2021 because they have shown that meme coins can also be systems that return cash over time, and even though the impulse around these coins has subsided, the communities supporting them remain strong. With its current presale price at $0.04 and induced yet surrounding, RXS has the making of becoming the next big thing in the crypto world thanks to its utility in the DeFi universe with investors even comparing it to the mass adoption of DOGE and SHIB. For those who are looking to ride on the next generation of meme coins or high-growth assets below the $1 level, Rexas Finance might just be the one to keep an eye on.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinanceDisclaimer: This is a sponsored article 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.
