Shiba Inu (SHIB) is currently trading at $0.000022, attracting market interest as it has jumped 30% over the week. This increase is followed by the appearance of a rare golden cross pattern, which sparks excitement and indicates a positive trend. This development has sparked investor interest, with the possibility of SHIB deleting zero from its price now within reach. But can SHIB maintain this momentum?
Golden Cross Appearance: Can SHIB delete zero
When the 50-day moving average crosses the 200-day moving average, a bullish technical indicator known as a golden crossover pattern appears. Historically, when this pattern appears on a SHIB chart, it is often followed by sharp rises. SHIB’s previous major gold cross occurred in late 2023, paving the way for a powerful rally that saw its price soar more than 400% in just a few months. Currently, the SHIB chart appears to be repeating this pattern. A potential breakout is identified by the 50-day moving average rising above the 200-day level. This signal follows SHIB’s recent 18% rise, which in one day took its price from $0.0000209 to $0.000022. Such changes boost investor confidence and suggest that SHIB may be on the verge of zero loss, assuming the pace continues. SHIB’s burn rate recently increased by 3,674%, further accelerating its trajectory. A faster burn rate reduces the overall supply of tokens, which can cause the price to increase as scarcity increases. Whale activity was also notable, with major investors expressing renewed interest, indicating growing belief in SHIB’s upside potential.
The broader cryptocurrency market is also positive and ready for SHIB’s expected rise. For example, Bitcoin is approaching the $80,000 level; If this momentum continues, SHIB may not be far from deleting zero.
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Rexas Finance (RXS): A pre-sale gem poised to soar alongside the Shiba Inu
While the Shiba Inu is on a journey toward a historic price shift, investors looking for the next big opportunity should keep an eye on Rexas Finance (RXS). This unique initiative provides real-world asset tokenization (RWA), 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 it easier to access previously illiquid assets. The project’s pre-sales performance has been nothing short of amazing. The price of RXS rose more than 130% from the original phase price of $0.03 USD to $0.07 USD in Phase 5, all within two months of the start of the pre-sale on September 8th. The pre-sale raised over $6.2 million USD and sold 121 million RXS. This success demonstrates RXS’s growing popularity, fueled by the project’s decision to forgo venture capital funding in favor of a public pre-sale, creating a dedicated, community-focused investor base.
Rexas Finance recently obtained listings on CoinGecko and CoinMarketCap, two important platforms for tracking the performance of cryptocurrencies. These listings increase the project’s legitimacy and market awareness, and highlight its potential. Moreover, the successful audit conducted by Rexas Finance by a certain company ensures its security and reliability, indicating to investors that the platform is built on a solid and trustworthy foundation. An ongoing $1 million giveaway adds to the excitement, with 20 winners receiving $50,000 worth of RXS tokens. This strategic approach encourages strong community involvement and engagement, giving investors a unique opportunity to gain significant benefits while enhancing project success. The potential for RXS to rise is great. With its ERC-20 token design and position in the booming asset tokenization market, Rexas Finance is positioned for significant growth. With pre-sale prices expected to grow to $0.08 in the next round, with a planned exchange listing price of $0.20, now is the best time to invest.
conclusion
While SHIB seeks a potential decline of zero with its rare golden cross, Rexas Finance is emerging as an interesting investment option with significant upside. Join the RXS presale today to secure your place in one of the most exciting cryptocurrency projects of 2024.
About Rexas Finance:-
Website: https://rexas.com