Dogecoin (DOGE), a fan-favorite cryptocurrency with a history of community-driven growth, is now a disappointment to many investors. This is because, unlike their counterparts, DOGE has failed to take advantage of the widespread effects of the market movements, which worries a certain section of the community.
While the excitement surrounding Dogecoin may have faded, investors are now seeking, among other things, new promising substitutes. The surge of demand for Rexas Finance (RXS) is worth mentioning in this regard, with the blockchain platform focusing on the tokenization of real-world assets (RWA). That is why many insiders are expecting more upside for Rexas Finance than Dogecoin during the coming bull run.
Backlash against Dogecoin: Price drops and investor disappointment
Over the past several months, Dogecoin has been unable to generate any real upward movement, notwithstanding the expanded uptrend of the overall cryptocurrency market. Now traded at $0.105, CoinMarketCap data showed that there was a 6.06% drop in the value of the DOGE token over a week. The long-gone effect of this strategy has brought concerns to most investors in regard to the return on the token, as it is mildly positive at the position towards future developments.
Recent analysis suggests that if DOGE breaks past the current support level of $0.096 now retained, the cryptocurrency may face more slumps to levels as low as $0.080. Compounding the bearish narrative is an important transaction executed by a Dogecoin whale, who in one recent transaction moved 118 million DOGE, worth $13.3 million, to the Binance exchange. This has raised concerns that the price of the coin will eventually plummet again, thereby causing even more price drops.Still, some groups of analysts have not given up hope for a short-term spike, and the tools that could facilitate that, such as the Relative Strength Index (RSI), are waving for a move up to $0.15, but generally, sentiments towards the cryptocurrency DOGE, more so to the masses, are still pessimistic. Nowadays for a lot of investors, this state of things is causing a great deal of frustration and many have started looking for other currencies that would be able to move up more actively and thoroughly.
Rexas Finance (RXS): A promising alternative
Bucking the downward trend seen with Dogecoin, Rexas Finance (RXS) as on a growth trajectory and some analysts believe it could be well placed for high returns during the next bull run.
Rexas Finance could also offer more sustainable growth due to its inherent utility, allowing and facilitating the tokenization of real estate on its blockchain infrastructure itself. What captivates the users of Rexas Finance is the possibility of using the platform without any special design skills to bring the tokenization of the assets to a broader audience. With proper development and advancement in technology, Rexas Finance has established itself as one of the few players in this new space of tokenization of real-world assets, which is likely to boom in the near future.
Rexas Finance’s impressive presale progress
One of the key factors that has been responsible for the interest generated in Rexas Finance is the success of its presale stages. The platform’s fourth presale stage has shown tremendous success, raising $2,831,856 and selling 66,364,255 RXS tokens at 0.060 USD per RXS token. Even as the next stage is set to take the token price to $0.070, early investors are already making returns, raising even more interest in the project.
Rexas Finance has also initiated the Rexas Millionaire Giveaway, a promotional campaign that will see twenty beneficiaries walk away with 50,000 USDT each. This has resulted in great activity in the community and increased interest in the presale. The continuous inflow of investors in a bid to buy RXS tokens at a cheaper price is indicative of the fact that the platform will be doing quite well even as it heads to 2025.
Could Rexas Finance (RXS) outperform DOGE in 2025?
Due to the current challenges that are surrounding Dogecoin as well as the uncertainty of its future, some investors have continued to ask themselves if DOGE is a coin worth buying for the long term. With the price moving sideways for a long time and the technical indicators suggesting more price declines, DOGE does not seem to have much potential in any of the price spikes expected during the next bull run.
By contrast, Rexas Finance is looking increasingly more attractive to prospective investors, especially those who want to ride on the tokenization of real-life assets, which continues to surge.
With its unique business model, successful presale, and growing support of the community, Rexas Finance is a project that could have plenty of room for growth. As the technology of blockchain develops and becomes more mainstream, projects like Rexas Finance that seek to create useful applications in the real world will probably experience tremendous growth.
Rexas Finance could therefore represent an ideal candidate for Dogecoin investors looking for alternatives to ride the next wave of the cryptocurrency market. Rexas Finance seeks to eradicate most of the barriers associated with asset tokenization all while promising constant improvement.
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