The Shiba Inu has generated much interest as a cryptocurrency, but is it worth buying now? Considering the latest shifts and instability in the market, traders appear to be more apprehensive. Let’s analyze SHIB’s price movements and prevailing market mood and see if investing now would be beneficial or risky.
SHIB Technical Analysis Indicates Sell rather than Buy.
SHIB weekly price chart: CoinMarketCap
Looking at the price of Shiba Inu (SHIB), it is true that Shiba managed to achieve a minor recovery in the short term. It trades at $0.00001344, 2.71% higher over the last 24 hours. That is not a significant increase, but it does suggest some buying on the lower prices amid a broader bearish 30-day trend (-18.03%). Notwithstanding the above valuation increase, the general trajectory remains unfavorably for SHIB. The token can be observed gaining some interest in buying at around $0.00001220 to $0.00001250, a region considered to have provided support during bearish price movements (corrections). If this immediate support is not preserved, the following notable level will likely lie beneath $0.00001200, leading to an accelerated decline as investor confidence wanes. Market analysis and SHIB’s technical indicators show the cryptocurrency stagnates without a significant breakout or upward movement. Current projections point towards SHIB declining by -1.68%, reaching $0.00001315 by April 4. Market sentiment remains bearish, with the Fear & Greed Index 20 (“Extreme Fear”). Over the past month, SHIB had only 40% green days and showed 6.39% volatility, signaling instability. At its best, the token could dip to $0.00001289 before attempting to stabilize. By the end of the month, SHIB may hover around $0.00001315, suggesting limited upward movement. Given these factors, CoinCodex warns that now is not an ideal time to buy SHIB.
Rexas Finance (RXS): An Asset Primed for Explosive Growth
Unlike SHIB, which attempts to regain investor confidence, Rexas Finance (RXS) is a new contender in the crypto space that has been gaining traction. Rexas Finance has been turning heads with its new approach toward liquidity and its astonishing presale performance.
Rexas Finance distinguishes itself by enabling fractional ownership of luxury real estate, valuable artworks, and other precious assets. This innovation transforms illiquid and difficult-to-divest investments into readily tradable instruments available to a global audience.
In addition to tokenization, Rexas Finance offers an advanced AI-based platform for businesses and investors to create, trade, and maximize the value of their tokenized assets. The Rexas Token Builder allows users to create tokens easily, and Rexas Launchpad offers blockchain projects with advertising and fundraising services.
The security measures are uncompromised. Certik, one of the top blockchain security firms, has audited the platform, ensuring investors’ safety and integrity of their assets.
Rexas Finance’s presale results have been astonishing, to say the least. The last stage has already been completed by 91%, yielding the project $47.1 million. The token price has skyrocketed by 566% from $0.03 to $0.20. Such growth indicates investors’ interest and confidence in RXS’s prospects.
Furthermore, in honor of the early supporters, the company is also hosting a $1 million giveaway competition, marking it in the history books as the only company to achieve such in its announcement. The winners are the luckiest, as twenty presale investors would earn $50,000 worth of RXS tokens. This approach significantly enhances community participation while stimulating participation in the project’s early stages. Moreover, Rexas Finance will be listing on exchanges on June 19, with at least three of the top 10 worldwide cryptocurrency exchanges slated to host the listing at an opening valuation of $0.25 per RXS. Previously, such listings have increased token prices as projects receive international attention and higher liquidity. Analysts expect the post-launch projections to surpass a 50,000% surge in valuation, predicting RXS to become a leading token in the cryptocurrency sphere.
Final Lap: Rexas Finance is a ticking time bomb primed for aggressive growth
Even though the recent SHIB price movement does not indicate a substantial recovery, Rexas Finance (RXS) is an attractive proposition for high-growth-focused investors. With its pioneering tokenization of real-world assets, advanced cyber defenses, and growing presale activity, RXS is on track to take center stage in the crypto market.
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
