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For years, Dogecoin (DOGE) has been the leader in meme coins powered by community contributors and celebrities like Elon Musk.
However, as the crypto world keeps shifting, DOGE’s supremacy is becoming questionable as new tokens sprouting out offer practical usage.
In this regard, Rexas Finance (RXS) is also a rather desperate index that with the right conditions will be able to replace Dogecoin and even more, shifting from just under $0.04 to $20 in the next bull run.
Dogecoin: Why is it losing investor interest in the long term?
It is well-documented that Dogecoin has benefited from being known as a meme coin, selling fully based on social media spins and comments from celebrities.
However, it contends with several pertinent factors that could force it into extinction forcing its price to go below the current $0.10 mark:
- Limited use case: Most use of DOGE has been petty marketing tactics and ‘tipping’ with little attempts at ring-fencing any DeFi or NFT developments. There is no noticeable ecosystem that can create itself for the sake of long-term sustenance.
- Hype dependency: Most of Dogecoin’s value comes from its user community and supporters who are celebrities which simply translates to the fact that once this attention reduces, it may potentially fizzle out from the market.
Rexas Finance (RXS): The token that could dethrone DOGE
Rexas Finance differs from Dogecoin regarding Real-World Assets (RWA) tokenization, utilizing yet another suitable use case in the crypto world as it allows investors to tokenize everyday items such as homes, art, and commodities.
Therefore, the utility of the RXS is greater than that of speculative tokens such as DOGE.
Key reasons why Rexas Finance could outpace DOGE:
- Real-world utility: Rexas Finance has a full real-world application by taking on the task of converting various valuable assets into Tokens. The project makes investing possible by owning portions of expensive items, creating opportunities that were impossible before.
- High growth potential: RXS is currently selling for $0.04, suggesting it is only in its infancy stage although it has presaled more than $970,000. Some financial analysts forecast Rexas Finance may increase to $20 by the year 2025, giving early investors over 70x returns.
- Pioneering ecosystem: What Rexas Finance is building is an ecosystem that is holistic with the likes of Rexas Token Builder Tool and AI Shield for smart contracts audit which are under construction. This adds to its case as a utility token that serves a purpose beyond lobbying for adoption.
Rexas Finance $1,000,000 competition
As part of the Rexas Finance launch celebrations, the project is conducting a $1,000,000 giveaway contest wherein 20 participants will win 50,000 USDT each.
How to participate:
1. Submit your ERC20 wallet address: You can sign up for the giveaway by registering with your ERC20 wallet address.
2. Follow the instructions for completing Quests: Use the courtesy of Rexas Finance and follow the quest presented in order to increase your winning chances.
3. For bonus entries, input friends’ details: Bonus entries usually increase your chances of winning something as they will give you +15 bonus entries for every referral which will boost your chances to win any of the 50,000 USDT prizes.
This is a golden opportunity for the investors to engage in a rising new blockchain initiative and also stand a chance to grab a life-changing reward.
Is it the end of the Dogecoin Era?
Although Dogecoin is likely to remain in the spotlight as the main precursor of meme coins, analysts believe it has serious drawbacks due to the lack of practical use and the excessive dependence on speculations making it easy to be displaced by more advanced projects like Rexas Finance.
Given its asset-backed approach to cryptocurrencies, which is aimed at the mass market with a very low starting price and can reach $20 per token in the future, RXS is not the kind of a token that will scoff around Doge’s height range.
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
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