The post New Coin Below $0.08 Exhibits Similar Trend to Shiba Inu (SHIB) Before Its 2021 Boom, Whales Pounce In appeared first on Coinpedia Fintech News
The Surge of Shiba Inu (SHIB), in 2021, serves to illustrate how a coin that seemed to be of little significance could suddenly capture belly-deep attention such that both retail and high-cap investors drool over it. Jumping to 2024, now the crypto sphere is focusing on one more up-and-coming trend. Rexas Finance (RXS), which is currently priced under $0.08. RXS has begun to chart a geometric curve eerily similar to the rise of Shiba Inu before the 2021 boom that highly capitalized crypto whales are pouncing in to take positions in what is believed will become the next great player in decentralized finance.
Shiba Inu 2021 Boom: A Prelude to Rexas Finance (RXS)?
In May 2021, SHIB began a vertical growth, triggered by an increasing market for meme coins and promoted by influencers. In a matter of months, SHIB had increased more than 10,000% in value. Therefore it was easy for everyone to dismiss the hype surrounding the token. Those who paid attention to its potential were reincarnated into the upper middle class.
Likewise, Rexas Finance however remains new to the market but it is already showing it may also start to perform in that way. With a price lower than $0.08, RXS has gained friends including whales and those who would wish to jump into the crypto market for a virulent uptrend.
Rexas Finance (RXS): The New Token Creating Buzz
Rexas Finance as one of the DeFi tokens is gaining traction as it seeks to disrupt the current financial system with inclusive and transparent solutions created on the blockchain. Just like Shiba Inu was first popular with retail investors who could risk small amounts of money, the possibility of RXS also gaining popularity is warranted because of its price and prospects of appreciation. The recent presale of RXS can be described as a success at the beginning of the trip that can be characterized by strong movements in the price of the asset.
In particular, during the first presale stage, 15,000,000 RXS tokens were sold by Rexas Finance for $0.03, netting $450,000 in less than three days. This quick pace of raising investments soon attracted the attention of rather serious crypto whales who started buying early seeking to take advantage of it. Raising a total of $1,000,000 or more within the second stage of the presale, where the token was marketed at $0.04 per token with an allocation of 20 Million tokens further stands as more proof of the growing momentum.
Why Whales Are Pouncing In On RXS
Many crypto whales focus on newly started projects that can offer them an explosive return on their investment, and with Rexas Finance (RXS), it seems that this has caught their attention. The primary reason for the interest of whales lies in the performance of the token in the presale. Within a limited period, if there is a lot of capital raised, then the prospects for the project are bright. Whales are also pouncing on RXS due to their price entry which is similar to that of Shiba Inu in the beginning.
This affords them the opportunity of owning huge volumes of these investments at a small percentage of what they will be in the future. This strategy not only maximizes the benefits that these large investors would gain if RXS were to follow the same path as that of SHIB, but it also helps reinforce a healthy market and liquidity level. Rexas Finance is also solidly underpinned by the fundamentals.
This is a RWA project, whose objective is to transform the traditional financial markets by allowing an ecosystem for lending, borrowing, and trading without any central authority. It is focused on transparency, efficiency, and inclusiveness – qualities well appreciated by institutional and retail investors.
Conclusion: Is Rexas Finance the Next Shiba Inu?
Generally, the direction and nature of any cryptocurrency remain uncertain and very volatile. Rexas Finance (RXS) however displays attributes of a project that is headed for a super growth potential. Thanks to its low valuation, quick presale development, and growing participation of whales, RXS is like Shiba Inu before the boom in 2021.
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/rexasfinance