Top 5 Penny Cryptos to Watch in October 2024: One Could Replace Shiba Inu (SHIB)

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Crypto enthusiasts and investors are keenly eyeing penny cryptos that could outperform established tokens like Shiba Inu. While Shiba Inu (SHIB) has captured attention, new contenders are rising. Among them, Neiro, Pepe, Bonk, Floki, and Rexas Finance (RXS) are attracting significant interest due to their unique propositions. These tokens are gaining traction, and each brings something distinct to the table that could challenge SHIB’s dominance.

Neiro: Whale Activity Drives Surge

Neiro (NEIRO) has witnessed a remarkable upswing, with a 49% rise in just 24 hours, largely driven by whale activity. A major whale recently acquired $1.8 million worth of NEIRO, pushing the token’s value higher and solidifying its bullish momentum. This spike in interest has led to increased trading volumes, fueled by Bitcoin’s upswing. If this momentum holds, Neiro could continue climbing, possibly reaching higher levels, depending on market trends.

Pepe Riding the Meme Coin Wave

Pepe (PEPE), another meme coin favourite, has also gained attention recently, especially with its price hitting $0.00001051, a 10% jump. Analysts suggest that if Pepe can break the $0.000015 threshold, it may experience a substantial rally, potentially leading to 50% gains. This meme coin is one of the few showing consistent upward momentum in October 2024, driven by increased buying pressure.

Bonk Eyeing New Resistance Levels

Bonk (BONK) is another contender from the Solana network. Its price is nearing the $0.000026 mark and could soon push through resistance at that level. If it succeeds, analysts predict it could rise to $0.000030 in the short term. The Solana-based token, known for its volatile price swings, has a potential upside depending on market participation. However, if buying pressure decreases, Bonk could fall back to $0.000019, a critical level for those considering entry or exit points.

Floki Momentum Gathers

Floki (FLOKI) has recently surged by over 9% and is showing signs of continued momentum. Trading at around $0.000144, it has seen a significant boost in volume, suggesting that investors are actively participating in this meme coin’s breakout. Floki has breached key resistance levels and is now positioned to potentially soar by another 20%, reaching as high as $0.000177 in the coming days. Its technical analysis supports this positive outlook, making it one of the top meme coins to track for further price action.

Rexas Finance (RXS) Revolutionizing Real-World Asset Tokenization

Rexas Finance (RXS) stands out in this group for its real-world asset (RWA) tokenization platform, which is changing how investors approach tangible assets. By utilizing blockchain technology, Rexas Finance enables users to buy and trade assets like real estate, gold, and other commodities globally, through tokenization. This allows investors to purchase fractional ownership of these assets, removing the high entry barriers traditionally associated with real-world investments. For instance, with Rexas Finance, someone in Asia could own a percentage of a restaurant in Europe, earning passive income from that investment. The possibilities extend far beyond real estate, as commodities and even financial assets can be tokenized, unlocking a previously inaccessible market.

Rexas Finance is an ERC-20 token with a supply of 1 billion tokens, a 0% tax rate, and a detailed tokenomics structure supporting liquidity, treasury, and staking pools. Stage 1 of the RXS presale raised $450,000 in just a few days, with subsequent stages also seeing rapid sellouts. Currently, stage 4 of the presale is open, with a token price of $0.06, representing a 3.3x increase for early investors. So far, Rexas Finance has raised over $2.8 million, and its $1 million giveaway campaign adds to the excitement, offering 20 lucky winners $50,000 each in USDT. This promotion not only creates buzz but also invites more investors into the growing community.

Final Thoughts: Penny Cryptos to Watch

October 2024 brings a fresh set of opportunities for penny crypto investors. Neiro, Pepe, Bonk, Floki, and Rexas Finance (RXS) offer distinct advantages, from meme coin trends to real-world asset tokenization. Each of these tokens is poised for growth, with Rexas Finance standing out for its innovative approach to bridging the gap between blockchain and tangible asset ownership. While Shiba Inu continues to hold its place, one of these cryptos could very well replace it as the new favourite in the market.

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