Currently trading at $0.000022, Shiba Inu (SHIB) draws market interest as it jumped 30% within the week. This surge follows the appearance of a rare golden cross pattern, stoking excitement and indicating a positive trajectory. This development has spurred investor interest, with the possibility of SHIB deleting a zero from its price now within reach. But can SHIB maintain this momentum?
Golden Cross Appearance: Can SHIB Delete a Zero
When the 50-day moving average crosses the 200-day moving average, a bullish technical indication known as the golden cross pattern results. Historically, when this pattern shows on SHIB’s chart, it is frequently followed by sharper surges. The previous major golden cross for SHIB happened in late 2023, paving the stage for a strong rally that saw its price rise by more than 400% in just a few months. Currently, SHIB’s chart appears to be repeating this pattern. A possible breakout is set by the 50-day moving average climbing above the 200-day. This signal tracks SHIB’s most recent 18% spike, which in one day raised its price from $0.0000209 to $0.000022. Such changes boost investor confidence and signal that SHIB may be on the verge of losing zero, assuming the pace continues. SHIB’s burn rate has recently increased by 3,674%, adding to its course. The faster burn rate reduces the overall supply of tokens, potentially increasing the price as scarcity grows. Whale activity has also been noticeable, with significant investors expressing renewed interest, indicating a rising belief in SHIB’s upside potential.
The broader crypto market is also positive and ripe for SHIB’s projected rally. For instance, Bitcoin is nearing the $80,000 mark; should this momentum continue, SHIB might not be too far from deleting a zero.
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Rexas Finance (RXS): The Presale Gem Set to Skyrocket Alongside Shiba Inu
While Shiba Inu is on a journey to a landmark price shift, investors looking for the next big opportunity should watch Rexas Finance (RXS). This unique initiative provides real-world asset (RWA) tokenization, which enables individuals to own fractional shares of valuable assets, including real estate, art, and commodities. Rexas Finance is changing the way people invest and diversify their portfolios by making previously illiquid assets more accessible. The project’s presale performance has been nothing short of incredible. RXS has climbed by more than 130% from its original stage price of $0.03 to $0.07 in Stage 5, all within two months of the presale beginning on September 8. The presale has raised over $6.2 million and sold 121 million RXS. This success demonstrates RXS’s growing popularity, which has been fueled by the project’s decision to forego venture capital funding in favor of a public presale, which has resulted in a devoted, community-focused investor base.
Rexas Finance has recently obtained listings on CoinGecko and CoinMarketCap, two important token performance-tracking platforms. These listings increase the project’s legitimacy and market awareness, highlighting its potential. Furthermore, Rexas Finance’s successful audit by Certain assures its security and reliability, indicating to investors that the platform is built on a solid and trustworthy base. The ongoing $1 million giveaway adds to the excitement, in which 20 winners will get $50,000 worth of RXS tokens. This strategic approach encourages involvement and strong community engagement, giving investors a unique opportunity to earn significant benefits while boosting the project’s success. The potential for RXS to rally is significant. With its ERC-20 token design and position in the thriving asset tokenization market, Rexas Finance is positioned for significant growth. As presale prices are expected to grow to $0.08 in the next round, with an exchange listing price of $0.20 planned, now is the best time to invest.
Conclusion
As SHIB chases a probable zero drop with its rare golden cross, Rexas Finance emerges as an interesting investment option with a significant upside. Join the RXS presale today to guarantee your spot in one of the most exciting cryptocurrency projects of 2024.
About Rexas Finance :-
Website: https://rexas.com