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Home Blockchain

Shiba Inu Chart Shows Strong Bullish Momentum, Trader Predicts 129% Rally for SHIB and 6350% Jump for One Competing Token

by DigestWire member
November 17, 2024
in Blockchain, Crypto Market, Cryptocurrency
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Rexas Finance has successfully raised $6.4 million, attracting attention with its ambitious roadmap and innovative approach to real-world asset tokenization. With more interest in the sector, Rexas Finance is solidifying itself as a key player in the token ecology following the completion of a rigorous CertiK audit providing strong investor confidence in the security of the RXS token ecosystem. In this expansion, an outstanding crypto analyst anticipates 129% of Shiba Inu (SHIB) and a truly remarkable 6350% increase in a rival token to set the stage for a potent movement in the market.

Shiba Inu Breaks Key Resistance Level, Aiming for a New Price Milestone

SHIB’s recent performance has brought it above the $0.0002169 resistance level, a barrier that has held its price back since June. SHIB has now a way to go into a higher price range by surpassing this threshold. Currently, SHIB is trading at $0.0000271 and hitting intraday highs of $0.00002799. If this momentum persists, SHIB could ‘erase a zero’ from its value and reach $0.0001, a big deal for the investors.

https://x.com/SM1TTY41/status/1855590187465670743

Concurrently, Shiba Inu’s rally has been accompanied by an uptick in market activity as per data . The data provider reports a significant increase in 24-hour active addresses on the SHIB network, which recently reached 5,184.SHIB’s network growth has also surged to 3,045, which shows an increase in the interest and adoption of SHIB by investors. SHIB’s bullish outlook might also be benefited by this uptick in user activity, as when the number of users participating in a market rises it often indicates stronger market fundamentals.

Click Here To Buy Rexas Finance (RXS) Presale
Crypto Analyst Predicts Continued Uptrend for SHIB and RXS

The crypto analyst has a bullish outlook for the future of price for Shiba Inu, as SHIB’s chart is forming a hidden bull divergence. Usually, if the Relative Strength Index (RSI) had already dropped to its low but the price bar managed to make a higher low, there should be a subsequent increase in the prices. If SHIB takes its current trend, it could rise from 10 cents to 23.4 and ultimately further solidify itself as a leader in the cryptocurrency market. Rexas Finance also differs from other projects in the cryptocurrency market in terms of its orientation towards the tokenization of real assets. Rexas Finance makes asset investment more inclusive by bringing tokenization solutions to high-liquidity assets.

Investor Confidence in Rexas Finance Grows After CertiK Audit

Recently CertiK audit approval of Rexas Finance has improved the credibility of the platform as an investment destination. The audit plays the role of an attestation that the organism and the project meet stringent requirements for security to attract investors. This endorsement is particularly significant to the cryptocurrency market, fluctuating substantially and with security being the greatest priority of the users. Moreover, Rexas Finance’s understanding of the role of real-world assets’ tokenization is another factor with which it stands out from other similar projects. Thus, by allowing tokenizing valuable assets with low market liquidity, Rexas Finance makes it possible to engage more parties in asset investment. This approach has attracted investors focusing on opportunities beyond normal blockchain technologies such as cryptocurrencies.

Rexas Finance Raises $6.4 Million, Anticipates 6350% Growth Potential

Moreover, While SHIB is garnering a lot of traction, another upcoming player in the crypto market is Rexas Finance (RXS). Rexas Finance has raised recently $6.4 million, which made the project interested and tokenizing real-world assets (RWA) such as real estate, art, and intellectual property. To bridge the gap between the physical and digital worlds, via fractional ownership of these assets on the blockchain RXS aims to give investors new ways to diversify their assets holdings.

SOURCE X

Rexas Finance’s presale has attracted substantial investor interest, with the RXS token currently priced at $0.07. Some market analysts are very bullish about RXS and have forecast that the token might rocket to $50 in the next bull run a potential 6350% from the presale price. The prospective growth here has put Rexas Finance as a top contender in the altcoin niche, nestled as investors seek the highest gain in the asset tokenization area.

Website: https://rexas.com

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

 

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