Known for its rollercoaster rides in bull cycles, Dogecoin (DOGE) is no different in 2024. Currently trading for roughly $0.11, Doge has dropped an amazing 81% from its all-time high of $0.74 recorded in May 2021. As we approach another bull rally, the question remains: should investors turn to other platforms like Rexas Finance (RXS), or will Dogecoin actually hit $1?
Dogecoin’s Difficulties in Hitting $1
The present price of Dogecoin would have to rise 800% to get to $1. Reaching this milestone is challenging owing to its price fluctuating greatly in the past. To achieve such levels, DOGE would need a significant increase in investor demand, albeit this is questionable given how speculative the coin is.One major challenge is Dogecoin’s unlimited supply. Ten thousand new DOGE are created every minute, making up over 146 billion tokens in circulation overall. As a result, each token loses value as the quantity increases gradually. Unlike Bitcoin, which has a 21 million coin restriction, Dogecoin has an infinite supply, which makes it more difficult for the price to rise dramatically over time.Furthermore, there hasn’t been any major progress made toward the DOGE community’s hope that people like Elon Musk will encourage more usage of the technology, particularly for payments. Even with speculative backing, Dogecoin’s utility is limited when compared to more reliable ventures in the cryptocurrency space.
Dogecoin’s Cycles of Boom and Bust
Massive boom-and-bust cycles have always affected Dogecoin, with social media excitement driving price fluctuations rather than underlying principles. The coin saw a 144% increase this year, but it has reversed by more than 50%, indicating its volatility. These erratic fluctuations present chances for quick profits but also make it challenging for Dogecoin to develop a steady upward trend.Dogecoin may never reach $1 unless there is constant demand and use. Due to its speculative character, Dogecoin is a dangerous investment for long-term investors looking for stability and practical use. It raises the question of whether investors should go elsewhere.
Why Rexas Finance (RXS) is a Compelling Alternative
Unlike Dogecoin, Rexas Finance (RXS) is positioning itself as a real-world revolutionary and practical initiative. Currently, in the fourth presale stage, the RXS token offers a more appealing investment choice for anyone hoping to enter the RWA market. Focusing on tokenizing real-world assets (RWA), Rexas Finance provides a distributed platform for users to buy, sell, and fractionalize goods, including artwork, real estate, and commodities.Rexas Finance has already made great progress. It was able to get listed on CoinMarketCap, which makes it more visible to potential investors. Over 80 million tokens were sold during the fourth stage of the ongoing presale, which has raised $3.68 million thus far. The presale is drawing a lot of interest. This powerful momentum reflects people’s rising faith in the platform’s long-term prospects.
The Advanced Features of Rexas Finance
Rexas Finance provides more services than only asset tokenization. It features a vast ecosystem with resources like the Rexas Token Builder, which enables companies and individuals to tokenize assets without knowing how to write code. Furthermore, the Rexas Launchpad facilitates token sales for projects to raise money, which makes it simpler for business owners to obtain funding. Rexas Finance has an advantage over its competitors in the decentralized finance (DeFi) market thanks to these technologies, which offer a useful platform that is appealing to both institutional and retail investors.As more people use the platform, the value of the RXS token itself is anticipated to rise. Based on analyst projections, Rexas Finance has the potential to develop exponentially from its current presale price of $0.06 to $20. To entice early investors to join while the token is still priced cheaply, the project also holds a $1 million prize.
Comparing the Two: DOGE vs. RXS
Dogecoin’s long-term prospects are still uncertain, despite its historical performance producing enormous gains during speculative runs. It’s a risky investment due to the lack of a limitation on supply, its restricted real-world utility, and its reliance on social media hype. Rexas Finance, on the other hand, provides concrete use cases via asset tokenization and a strong tool ecosystem that can promote long-term expansion. Projects like Rexas Finance that provide practical solutions are likely to draw more interest and funding as the cryptocurrency market gets more competitive, making them a safer and more profitable choice for investors seeking long-term gains.
Conclusion
Even if Dogecoin might still present some opportunities for speculation, it doesn’t appear likely that it will hit $1 in the absence of strong and ongoing demand. Rexas Finance (RXS), on the other hand, provides a more smart investment option with practical application and an obvious growth trajectory. It could be the ideal moment to buy in RXS before its price spikes, as the presale is still going on, and the token is only trading at a small portion of its estimated worth.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Win $1 Million Giveaway: https://bit.ly/Rexas1M
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance