For ages, the world of virtual money has witnessed massive discussion and curiosity concerning Dogecoin (DOGE). Originally advertised for the masses in 2013 as a “joke currency,” it soon busted through the limitations of novelty and became one of the most used cryptocurrencies.
As much as Dogecoin may be bullish and have a strong following behind it, over the next several years, it looks unlikely that the Dogecoin price will cross the $1 mark even if, at times, there will be pockets of vertical movements.
Understanding Dogecoin’s Price Struggles: Struggle to Break $1
Recent statistics reveal that the price of Dogecoin is $0.1077, while its strongest asset position was ever recorded at $0.73 as of May 2021. Dogecoin will require a market cap of $ 144 billion for its value to ever stand at $ 1, which is impossible with its current market cap of $ 15.7 billion. Due to this supply inflation policy, achieving the Doge $1 price target by 2025 becomes almost impossible, regardless of short-term speculative bubbles or bullish trends. There are times when Dogecoin appears to be gaining a little bit of positivity, but the forecast and technical analysis of charts do not support the fact that it will pull up close to the $1 coin mark very soon.
At present, DOGE is under selling pressure as the price trades beneath $0.1085 towards $0.1060. Furthermore, it is trading below the 100 SMA, which also suggests that it will not experience any upward drive in the near term. Another important bearish trend line is being developed whereby the bulls are looking for resistance around $0.109 on the hourly chart of the DOGE/USD pair.
Rexas Finance (RXS) – The Best DOGE Alternative in 2024
Although the future of Dogecoin remains in question, one other digital currency is changing the status quo in the year 2024 – Rexas Finance (RXS). With huge hurdles in its attempts to cross the dollar mark, most Dogecoin investors are seeking other avenues for growth. Rexas Finance has only come up as another feasible alternative. Rexas Finance (RXS) has recently, and in record time, come out of the second stage of the pre-sale phase, raising over $1,250,000, suggesting that investors’ confidence is indeed strengthening.
The project is currently in the third stage of its presale, with each RXS token priced at $0.05. Even so, analysts expect that Rexas Finance will be fully set for action in the next few months, with all eyes on 2025, when the project is expected to peak. A major disruptive feature of Rexas Finance is the investors’ focus on the new face of the blockchain, asset tokenization.
Rexas Finance’s Growth Potential
Rexas Finance, in contrast to Dogecoin, presents a lot more optimistic and less volatile developments in its scope. For RXS, there is a forecast of an exponential jump in prices towards the end of the year 2024. Averaging $0.05 in phase 3 of its presale, Rexas Finance guarantees its investors that for every dollar paid to enter the presale at this stage, there will be a 4x payoff, with its listing price set at $0.2. This is an extremely good deal for potential investors seeking to get in on a promising project at the very beginning.
Further, on its website Rexas Finance has announced a giveaway worth $1 million for 20 people to win $50,000 each, with the number of participants exceeding 74,000 within the first 131 days indefinite event, this remains a complete attention-gaining project. This promotion has intensified the interest in the project and indicates a good level of community support, both of which are important for the project’s long-term success.
Conclusion
In summary, Dogecoin will find it hard to reach the $1 mark owing to its inflationary supply and bearish technical trends, and in most cases, it will require high market capitalization without success; here is an alternative – Rexas Finance. With the presale already proving high investor interest and the active focus on the emerging sphere of tokenized assets, Rexas Finances is shaping up to be one of the most promising crypto projects 2024. High-growth potential investors in an ever-changing, fast-paced investing will want to look towards Rexas Finance.
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
