The crypto market is capped off however the overall performance remains very turbulent for most crypto assets Shiba Inu (SHIB) however seemed to have cut a niche as one of the most turbulent tokens in the times gone by.
Nevertheless, amongst the positive mood, there are still some warning lights, such as active whales that pose a threat to the uptrend that people are projecting. In addition, it looks like“smart money” is starting to put its interest in a token SHIB competitor Rexas Finance RXS which is among those topping the charts amongst investors.
What you'll learn 👉
SHIB’s Potential Rally and Whale Selling
SHIB has been more or less swimming in a bearish area for some time now, which for most of the time remains within a Falling wedge pattern. For those new to this pattern, a Falling Wedge formation is a bullish reversal pattern formation, and the breakout of the pattern generally confirms an increase in prices. Historical tendencies particularly among other tokens, after the breakout from the Falling Wedge formation can rally.
A strong bullish breakout does appear to be what many holders of the token have been waiting to see as it has weathered fluctuations within this year in particular the last few months. Even though the technical perspective of SHIB is treatment also, one significant risk looms large: whale selling.
However, some of the recent operations suggest that a part of the SHIB whales has been selling large amounts of the token which in turn may create selling pressure. This is frightening because whales tend to lead retail investors in the selling order and they suck life out of markets, dragging them into a recession.
Smart Money Shifting Toward Rexas Finance (RXS)
While the tide of uncertainties remains a challenge to the Shiba Inu, more and more investors are flocking to Rexas Finance (RXS), a token that has been booming in the presale stage. Currently worth less than $0.10, Rexas has completed its second presale phase earlier than planned raking in $1,250,000 out of the $2,500,000 target.
Growing attention towards RXS suggests that the token is gaining popularity amongst the investors as well, and is attracting interest from ‘smart money’ strategic funds into Rexas Finance details. Rexas Finance has been able to create deep interest among investors due to its market opportunity as a tokenization platform of real-world assets which is set to increase tremendously.
RXS is preparing to be a giant within this new environment as the world of actual estate, commodities, and even intellectual properties is increasingly being tokenized through the use of blockchain technology. With further developments in the integration of blockchain technology and traditional financial systems, analysts point out that RXS-like tokens may witness growth prospects in the foreseeable future.
A Lucrative Opportunity for Early Investors?
RXS’s third presale phase is currently active, and the token is going for $0.05. There has been a considerable amount of potential buyers looking to purchase early since they suspect that the price of the token could be pretty high in upcoming years.
The current trend implies that the RXS could go as much as $20 in the future which implies a whopping 400x return on investment to those who join early. This expectation can be traced back to the expected performance of the tokenized assets market. In the coming months, as people become more used to blockchain technology, the rate of tokenization of real estate and other real-world assets is likely to be on the rise.
At such a time when the presale will be performing well, this will present a good risk-reward profile RXS for most investors taking an early position in the market. In very simple terms, while the market for tokenized assets is still in its early days, it has the potential for growth in the future and RXS seems to be in a good position to take advantage of that situation.
Conclusion
The technical indicators seem ripe for SHIB’s bullish breakout, but the sentiments especially among the whales come into play, and it is not inviting. RXS is still in the nascent stage but is doing very well and will deliver value to consumers in the long term For investors who want a less volatile option but with solid upside potential, RXS is likely to be a more appropriate option.
For more information about Rexas Finance (RXS) visit the links below:
Website – Whitepaper – Twitter/X – Telegram – Win $1 Million Giveaway
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