Some tokens have generated significant public interest, exemplified by Dogecoin (DOGE) and Shiba Inu (SHIB). These canine-inspired tokens garnered substantial social media attention during the 2021 bull market and yielded appreciable returns for investors. Could Rexas Finance (RXS) be poised to follow in their paw prints?
The Dogecoin Phenomenon
Prominent celebrity support, particularly from Elon Musk, fueled Dogecoin's 2021 bull run. Musk's enigmatic tweets often influenced DOGE's price, propelling it to its peak. The token's value soared by over 22,000% in 2021, reaching an all-time high of $0.73, challenging the dominance of Bitcoin and Ethereum. Social media hype also played a significant role in Dogecoin's ascent. However, the excitement has since subsided, and DOGE's price has retreated from its 2021 highs.
Shiba Inu - The 'Dogecoin Slayer'
SHIB surpassed Dogecoin's gains, with early investors reaping returns in the tens of thousands of percentage points. The most notable surge occurred between May and October 2021, with SHIB rising by 1,953% on May 11th, 2021, from $0.00000172 to $0.00003532. The token raised high hopes but disappointed investors, retracing to $0.00000793 within three weeks. After several months of price fluctuations, SHIB rallied again in October, moving from $0.00000766 to $0.00002913 between October 2nd and 13th. The price peaked at $0.000089 on October 28th but was followed by a market correction.
Could Rexas Finance (RXS) Be the Next SHIB or DOGE?
Rexas Finance (RXS) is capturing the attention of crypto enthusiasts who profited from Dogecoin and Shiba Inu. Currently in presale, RXS tokens are available for $0.04, with the first stage selling out in under three days. Momentum is building, and the token's price is projected to increase to $0.05 during the presale's later stages.
Many believe RXS has the potential to replicate Dogecoin and Shiba Inu's success. The token's low price point of less than $1 offers significant upside potential. Additionally, the company's expansion into RWA tokenization, a rapidly growing industry, positions it for success.
RXS's presale success has attracted interest from prominent crypto companies. If the token maintains its trajectory and achieves its goals within the DeFi ecosystem, it may emerge as the next major meme coin or utility token.
Conclusion
Dogecoin and Shiba Inu demonstrated the potential of meme coins to generate significant returns in 2021, and while the initial hype has subsided, their communities remain strong. With its presale price of $0.04 and positive momentum, RXS exhibits the potential to become the next crypto phenomenon. Investors seeking the next generation of meme coins or high-growth assets below $1 should keep an eye on Rexas Finance.