For numerous cryptocurrencies, including Shiba Inu and Ripple, the bull run of 2021 showed amazing increases. However, changing investor interests and market conditions have caused some tokens to lose momentum recently. Rexas Finance (RXS) has become a possible asset that could generate more millionaires in the next bull run as SHIB and XRP encounter obstacles that might limit their possibility for life-changing profits. Rexas Finance has a particular advantage over SHIB and XRP for the following reasons.

Ripple’s Price Shows Signs of Weakness

Currently encountering opposition is one of the biggest and most well-known cryptocurrencies, ripple. From a resistance level of $0.544 to a trade close to $0.512, ripple’s price lately dropped 3.5%. Analysts project XRP would plunge another 12% and touch lows around $0.431 should its price drop below the $0.488 mark. With XRP hovering below its neutral level at 41, the daily Relative Strength Index (RSI) reading shows growing bearish momentum. Moreover, Ripple keeps fighting a long struggle with the U.S. Securities and Exchange Commission (SEC), which calls into doubt its security token classification. This regulatory uncertainty is erasing investor confidence in the asset and casting questions on Ripple’s future.

Shiba Inu’s Bearish Attitude

Popular meme coin Shiba Inu also encounters major challenges. SHIB has dropped 5.8% with its present price of $0.00001753, therefore negating past two-week gains. Top traders have voiced doubts about its ability for another surge; one powerful trader even opened a 5x short position on SHIB in preparation for a more 28% drop. The limited real-world use case of SHIB and its meme coin status generates this negative attitude. The lack of intrinsic value of SHIB has caused many investors to go elsewhere for chances with great growth. Its enormous circulation supply of approximately 589 trillion tokens also makes a major price spike improbable without large token burns or widespread acceptance, both of which are yet unknown. While both Ripple and Shiba Inu are facing uncertainties and price drops in the market, a new token has emerged in the market of real asset tokenization. Rexas Finance is a platform leading the front in this market. These are 3 reasons experts believe it will make more millionaires than Ripple and Shiba Inu.

Tokenizing Real-World As
Go to Source to See Full Article
Author: Adrian Barkley

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details