In the crypto world, where everything is subject to change, one’s choice of investment can be either quite beneficial or extremely regrettable. One of the most famous investors who, at the height of the DOGE market in 2021, made $20 million with the coin has views that he shares now, and these views may reverse the way potential investors think about their investment plans. This article analyzes why the mentioned investor does not want to invest in Dogecoin anymore and instead allocates his capital to a well-potential new venture: Rexas Finance. This article analyzes why the mentioned investor does not want to invest in Dogecoin anymore and instead allocates his capital to a well-potential new venture: Rexas Finance.
The Problems Associated With Dogecoin
However, several important problems with the currency prevent people from believing it can be a good investment in the future despite an impressive rise in the value of Dogecoin. First and foremost, the coin is not important. Even to prevent hyperinflation, Bitcoin aspires to be a digital currency, and Ethereum was created for decentralized applications, while Dogecoin was primarily created as a speculative undertaking. As estimated by cryptwerk.com, only around 2,500 globally are willing to accept this cryptocurrency as a payment option, thereby showing the restrictive use of the coin.
In addition, the regulatory framework of the Dogecoin supporters remains tentative. Rather than restricting the quantity of coins to the distribution of 21 million, as in the case of Bitcoin, Dogecoin addresses this issue differently by releasing approximately 10,000 new tokens each minute. It has no defined limit to the total supply. Investing in new currencies can be a losing proposition due to inflation, as the new issues depress the price, and investors have no hope of a reasonable profit unless the usage increases in leaps.
A Dwindling Developer Community
For Dogecoin, there has been, along with the other warnings, very little developer activity ever since the launch of this coin. In July, Electric Capital reported that only 21 full-time developers were engaged in developing this project, and 81st ranked based on developers’ engagement on where the project stands. Such a situation where there is low or no active development means that Dogecoin is not likely to introduce new inventions or even improve its services to meet the market’s needs, and this will eliminate any prospects of growth in the future.
The Speculative Nature of Dogecoin
As it stands now, Dogecoin lags nearly 80% from its former glory price, reached at the height of the meme stock sensation in the spring of 2021. The investor who made a killing on Dogecoin was skeptical about it ever getting back to those levels, citing the lack of any meaningful breakdown catalysts. Instead, Dogecoin seems to be quite dependent on hard hype cycles, if not impossible, to forecast. For those looking at making investments, it is best to look out for other options that can provide far better returns in the future.
Where to Invest Instead: Rexas Finance
Owing to his concerns, the investor has come to concentrate more on Rexas Finance, which is a new invention where assets that exist in the real world (real-world assets) can be tokenized. The company Rexas Finance seeks to enhance and widen public access to the tokenization of different real-world assets, thus eliminating some existing barriers to asset management. With Rexas Finance, users can easily tokenize such assets as real estate, art, and more, creating liquidity and investment prospects. The presale of Rexas Finance has aroused great interest from the crypto community.
The first phase of the presale raised astounding amounts of funds within 72 hours until it was sold out. Presently, stage 3 is in progress, where the tokens are being disposed of at $0.05 to lure in potential investors for big profits in the future. So far, Rexas Finance has sold out 49,584,579 tokens, which amounts to $1,979,229 and is evidence of the brand’s gaining popularity. This investor holds that Rexas Finance is a better place to put money as it is an asset tokenization business that is bound to do better as the world embraces technology more.
Participate in the Rexas Giveaway
In addition, Rexas Finance seeks to stir the interest of its members by running an interesting campaign to give away $50,000 to 20 participants out of a $1,000,000 prize pool. Those willing to participate in the giveaway can submit their ERC20 wallet addresses and complete specific tasks designed to boost engagement and community involvement. The opportunity for additional entries through referrals enhances the excitement, as investors can amplify their chances of winning by sharing the project with friends and family. This initiative facilitates raising the community and enhancing the promotion of Rexas Finance products.
Conclusion
Even though Dogecoin attracted many investors’ interest, the ease of creating a downside for it, the absence of real usage, and almost no active developer participation make one think that it wouldn’t go far as a viable investment instrument. The individual who once profited $20 million with the help of DOGE has smartly decided to invest with Rexas Finance—the project offering a better investment purpose in an evolving crypto landscape. With the expansion of the presale and the giveaway promoting community involvement, Rexas Finance is set to attract an influx of investors in search of real value in the growth of their investments.
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
