Over the previous ninety days, Shiba Inu has dropped 45% of its value. Investors who earlier thought SHIB was a promising meme coin are worried about this sharp drop. Although the larger cryptocurrency market is showing some rebound, Shiba Inu’s value keeps declining, which begs numerous questions about whether the token can recover its former impetus. Shiba Inu’s future is dubious given declining interest from big investors and weak purchasing pressure. But is there hope for SHIB, or are more falls certain? During the last three months, Shiba Inu has struggled to stay on top. While several meme coins like PEPE and FLOKI posted notable increases, SHIB has dropped drastically, causing general investor panic. The coin’s price has stayed the same despite several initiatives to restore its value, including higher burn rates. Investors now wonder whether SHIB’s declining spiral will continue or if there is any chance of a turnabout.
Technical Analysis of SHIB’s Price Movement
Shiba Inu has a potential bright spot even with the depressing technical forecast. Through its blockchain-based operating system, ShibOS, the token has collaborated with the Ministry of Energy and Infrastructure of the United Arab Emirates, opening the path for actual acceptance. This cooperation seeks to integrate Shiba Inu’s blockchain into UAE infrastructure and might generate major use cases in practical settings. The news of this alliance initially caused a slight increase in the price of SHIB. However, the buzz soon subsided, and SHIB could not sustain movement. Although the alliance could offer some long-term value, it has not been sufficient to stop the coin’s present declining path. As of this writing, SHIB’s price is about $0.000014, so many people wonder whether the token can hold above this support level. Should the bearish trend persist, SHIB could test its former low of $0.000010 in early August. Though in oversold territory, the daily chart shows that significant bearish momentum is still in action, with the Relative Strength Index (RSI) at 32.
SHIB/USDT Daily Chart| Source: Trading View
Lack of strong buying pressure is one key cause of Shiba Inu’s recent price decline. Once major drivers of SHIB’s price, large investors—also known as whales—have cut their transactions down 61%. Reduced market momentum from declining whale activity makes recovery challenging for SHIB. Though the 567% rise in Shiba Inu’s burn rate has been encouraging, it has had minimal impact on the token’s value. The burn process lowers the circulating supply of SHIB, theoretically increasing the price. But even with the higher burn rate, SHIB’s price hasn’t responded meaningfully. Growing dissatisfied, investors wonder if the token can transcend its present level.
The Growing Strength of Rexas Finance (RXS)
Shiba Inu has a challenging road ahead, but another altcoin—Rexas Finance (RXS)—is showing far more promise here. Rexas Finance has great increasing momentum unlike SHIB. Rexas Finance’s creative ecosystem—which tokenizes real-world assets like real estate using blockchain technology—owns its central strength. This tokenization is an appealing investment since it offers better accessibility to worldwide markets, reduced transaction costs, and increased transparency.
With its token, RXS, as the foundation of its platform, Rexas Finance has become somewhat popular in the DeFi scene. Within the Rexas ecosystem, the token facilitates quick and reasonably priced transactions. Furthermore, RXS’s value outside of real estate is useful for staking, lending, and borrowing. This adaptability guarantees a rising demand for RXS, making it a good investment choice for those wishing to profit from the explosive DeFi market.
In its 12th and last presale stage, Rexas Finance sells tokens for $0.20. The presale has been a great success, raising over $46.8 million and selling more than 454.1 million tokens. Now 90.83% full, the presale shows the great project attraction for investors. Early investors have already witnessed an amazing 6.67x return on investment; the price of RXS is anticipated to climb even more once the initiative formally opens.
Rexas Finance is positioned to leverage the $486 trillion worldwide financial asset market with a scope covering real estate, goods, and financial assets. Since RXS gains from Ethereum’s strong and safe blockchain architecture, its connection with the network adds even more attractiveness. The value of RXS should rise as the Rexas platform grows, creates new alliances, and might present a 15,000% return post-launch.
Conclusion
The price of Shiba Inu has dropped significantly; the future of the token is yet unknown. Although its recent alliance with the UAE Ministry of Energy has some future development possibilities, the lack of buying power and ongoing bearish momentum portray a negative picture for SHIB over the near term. Rexas Finance, on the other hand, is positioned for significant expansion given high investor interest and a clear road forward. Rexas Finance offers a more convincing choice than Shiba Inu in the present market for people seeking an investment with a better future.
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
