Speculation of a price rise has been sparked by a recent market shift as Shiba Inu's burn rate has surged over 1300%. Newcomer to DeFi Rexas Finance
Shiba Inu’s burn rate surged over 1300% recently, sparking speculation of a price rise. Meanwhile, newcomer to DeFi Rexas Finance is attracting investors with its RWA tokenization model and 20261% growth projection. Here's a closer look at both projects.
Shiba Inu’s burn rate has surged by 1323.66% in the past 24 hours, according to Shibburn, burning 34.91 million SHIB tokens from circulation forever.
This burn mechanism aims to reduce the total supply and create scarcity, which could theoretically drive up the token’s price according to the basic principles of supply and demand.
The amount of SHIB tokens burned on a weekly basis rose to 110.64 million tokens, contributing to the market sentiment that continued to predict a bullish pattern.
However, despite this burn rate surge, SHIB’s price remained volatile, trading at $0.00001934, down 1% over the previous 24 hours at press time. The token's price hit a low of $0.00001856 and a high of $0.00001966 during this time.
The price fluctuations had investors on edge, but if SHIB maintains its burn strategy and demand remains the same, then the coin could potentially rally up to a higher level as demand increases.
Analysts are suggesting predicting the coin could hit $0.000045.
After the U.S. election results, investor sentiment for cryptocurrencies soared in the broader market as it became clear that the Republican victory would likely foster a positive regulatory landscape for digital assets.
This shift in the crypto market environment has seen meme coins like SHIB benefit from some fresh interest. However, market observers warn that the nature of meme tokens is unpredictable and they are very sensitive to the market sentiment.
A new decentralized finance project is attracting investors with its efforts to tokenize real-world assets, such as real estate and commodities, in order to bridge traditionally illiquid assets into blockchain technology.
The project, called Rexas Finance, has raised over $6.2 million in the three presale rounds, which has seen the token, the RXS, hitting the ground running as a unique player in the DeFi space. A rigorous audit conducted by CertiK, one of the leading blockchain security firms specializing in the thorough audit of smart contracts and code, further reinforces the security and trust of Rexas Finance, affirming that it is built on very high resilient and stable standards.
Furthermore, listings on CoinMarketCap and CoinGecko, two of the largest and most visible platforms for cryptocurrency and coin data, market analysis, and developer info, help to improve the visibility of RXS, improving investor confidence and market reach.
As its mission to democratize access to real-world assets through blockchain continues, it has gathered market attention, but the starting point is very different. On the one hand, Shiba Inu's burn rate has increased, and on the other hand, its price has continued to rise. Excruciating volatility awaits a possible breakthrough rally.
In sharp contrast, Rexas Finance uses Rwa to launch an organized investment, and people can access physical assets through this method and incorporate them into the DeFi structure. As far as RXS is concerned, it has set a long-term investment horizons, and focus on the mainstream market’s demand for DeFi innovative applications (especially those that are tangible in the physical world).
Finally, the developments around Rexas Finance and Shiba Inu are being watched very closely by the crypto market, but for different reasons. This is during a time when Shiba Inu's burn rate is intensifying on the one hand and its price continues to move volatile on the opposite side as investors wait for a potential breakout rally.
However, Rexas Finance, in contrast with Rwa, provides a structured investment around RWA tokenization that these people might want to invest in to gain exposure to tangible assets in a DeFi framework. This shows the range of opportunities within the crypto market and the various strategies that people can buy that don't fit everyone's risk appetite.
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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