Over the past decade, the investment landscape has been highly volatile, especially with the emergence of cryptocurrencies. Investors have been lured by the prospects of getting rich overnight.
This may sound unfounded, a recent analysis using machine learning has identified Rexas Finance as a prime candidate for exponential growth similar to the exponential rise of Shiba Inu’s in the past.
Crypto Market Plunges as Shiba Inu Shows Signs of Recovery
The market continues to see volatility, with Shiba Inu falling by nearly 20% in about a day. This was followed by almost a complete recovery to show a loss of only 1.96% of the value by Wednesday afternoon in the New York session.
This volatility has been prevalent in the token’s performance, with marks of significant liquidations across the board with an unprecedented $19.08 million loss for Shiba alone appearing in forced sell-offs. During this unsettling period for the crypto market, the losses significantly dented any gains that leveraged traders held.
Coinglass reported over $902 million in market liquidations affecting over 240 entered trades. Traders who hoped to see higher amounts in their returns suffered huge losses and were unable to attend to their trade positions as they were anticipating higher amounts in their buy-sell trades.
Specifically, Shiba Inu dropped 20.85% further and, to $0.00002340, rather than $0.000031. Although this has declined, Shiba Inu still has a market cap of $15.15 billion and 589.26 trillion SHIB coins in circulation. The token saw a 24-hour trading volume of $3.58 billion.
This steep decline has created a wave of traders cumulatively losing billions within weeks reiterating the risks of trading at high leverages in volatile markets like cryptocurrencies.
Rexas Finance: Poised for a Similar Surge?
Recently, Rexas Finance has received huge attention with some predictions from machine learning saying it might perform similarly to Shiba Inu and reach the same trajectory. RXS is a blockchain-based platform that focuses on tokenizing real-life assets which are aimed at providing an intersection of traditional finance and digital finance.
So far the presale stages of the platform have had remarkable demand with the first few stages quickly selling out and raising appreciable amounts of money in the process. In particular, Stage 4 had to be wrapped up early because it was oversubscribed, showing how much faith investors have in this project.
Now, RXS is in the fifth stage of the presale and is selling the tokens at $0.07 a token. This robust support is a clear indication that many investors have donned the view that RXS has the potential to disrupt the asset tokenization market.
Analysts highlight several factors contributing to RXS’s growth prospects:
Unique Use Case: The platform RXS also offers a solution to the investors by providing a use case of tokenizing real estate and art, which are investments that cut across many investors.
Partnerships: Joining hands with well-established financial companies might increase trust and allow for wider utilization of the platform.
Collaboration with the Blockchain Community: Effective strategies that aim to create a community with a targeted audience through marketing and reward schemes can also enhance self-growth and user engagement.
Machine learning algorithms in RXS are projected to be able to grow value by 22,050% in 72 days, which has some likening to the explosive growth of the Shiba Inu token. Since then, RXS has garnered significant interest from investors interested in it, and with the recent Certik audit, the potential is defused, and RXS becomes a more attractive option in a volatile market.
In addition, new listings on larger platforms such as CoinMarketCap and CoinGecko further strengthen Rexas Finance’s position, and combined with their focus on security and compliance as opposed to the many other tokens that have not completed thorough audits, Rexas Finance becomes one of the most secure, trustworthy platforms within the crypto space.
Conclusion
The case of Shiba Inu’s growth should give a universal understanding that there is always room for significant growth in any market, including the crypto world. Rexas Finance’s creative product of assets tokenization can let them say they target the same success.
But because of the high rate of fluctuations in the market, this comes at a risk. Like always, working smart is the name of the game when it comes to investments, and so is cultivating a wide portfolio.
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