Rexas Finance, a real-world asset-backed blockchain platform, is gaining traction as it moves into its presale phase, recently surpassing $4.9 million in funding. Unlike meme coins such as Dogecoin, Rexas Finance appeals to investors seeking projects with tangible use cases and stronger foundations for growth. This shift in sentiment comes as Dogecoin faces a challenging period marked by sharp price declines due to whale sell-offs and uncertain market conditions.
Dogecoin’s Price Decline and Market Sentiment Shift
Adding to the bearish outlook, a crypto trader who accurately predicted the 2018 and 2021 bear markets recently highlighted two key reasons for an expected DOGE price collapse. The trader believes this “DOGE Killer” could potentially skyrocket by 8,820%, making utility-focused projects like Rexas Finance increasingly attractive to investors for it stability and growth. Since early October, Dogecoin has experienced a steady price drop, disappointing traders and fueling skepticism. According to analyst data shows that DOGE has recently traded below $0.1162, with weekly declines reaching 13.5% and monthly losses of about 7%.
https://x.com/DerekEth65601/status/1850420929266077728
According to analysts, large holders, or “whales,” have dumped over 1.4 billion DOGE tokens (worth around $176 million), further eroding confidence. Originally driven by community hype and endorsements from figures like Elon Musk, Dogecoin’s price has proven highly volatile.
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It means those sales coupled with decreasing the level of bullish sentiment, have produced skepticism among the buyers of Dogecoin. Launched as a ‘meme coin,’ Dogecoin has mostly moved up and down based on community appreciation and influential figures like Elon Musk are among them. However, with the developing cryptocurrency market, a plethora of users is looking for assets that are more utilitarian and that have a stronger base for their further development.
Rexas Finance Draws Investor Interest as Presale Fills Quickly
Rexas Finance is slowly becoming the next big thing in the market apart from short-term and joke coins such as Dogecoin. Currently, in stage 4 of its presale, the platform aims to provide tokenization services for real-world assets (RWAs) such as real estate, art, commodities as well as intellectual property.
With the RXS token price listed at $0.060, over 86 million RXS tokens have been sold, 78.70% of the fundraising round achieved, and $4.9 million raised out of a $5.45 million target.
Tokenization, the possibility to divide the ownership of the real-world assets into fractions, is beneficial for improving the liquidity of the often traditionally non-liquid markets. This technology not only draws experienced investors but also brings opportunities for relative novices. For the creation of tokens, the Rexas Token Builder tool on the platform enhances the ease of access to the token markets for companies and all individuals.
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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