The anticipation of the 2024 bullish market prompted one of the most respected analysts to make a prediction: Shiba Inu (SHIB), one of the best performing meme coins, is unlikely to rise as before. Rather, the analyst is talking about a new competing cryptocurrency that has the potential to go through a 50x bull run. Let’s further explore why Shiba Inu is likely to slack off and which new emerging altcoins could take center stage during the next crypto market boom.
Why Shiba Inu (SHIB) May Experience a Decline in 2024
Shiba Inu (SHIB) arrived on the scene in the cryptocurrency world in 2021 with an exorbitant expansion of around 10,000% growth by having a dog logo, large community members, memes endorsing it, and celebrities advertising it.
Despite the above problems not affecting SHIB as of now; analysts think SHIB may face the following limiting factors against the next bull run:
New entrants: An increasing number of these new altcoins are emerging that have better use cases and other applications, rendering speculative meme coins useless. Diversify investor appetite: more and more investors are entering the crypto market, but are looking for projects with real-world applications, where SHIB may be left behind. Innovation Stagnation: Even with the deployment of Shibarium, which is a Layer-2 solution for Shiba Inu, the brand may have a difficult time keeping up the hype born with the initial debut of the project without new, innovative ideas and information.
SHIB’s Rival That Has 50x Bull Run Potential: Rexas Finance (RXS)
Rexas Finance (RXS), is one of the cryptocurrencies, which will be worth much more by 2024. This token is different as it is particularly involved in Real-World Asset (RWA) cases in which physical assets such as real estate, fine art, and commodities are delivered in the blockchain.
Key reasons for Rexas Finance’s 50x growth versus vis SHIB:
Real-World Utility: With SHIB, for example, there is too much community focus, and therefore overreliance on hype, however, Rexas Finance offers practical benefits by enabling investors to buy fractions of expensive property or other assets. This real-world application will popularize the use of the application among institutional and retail investors. Real Estate Tokenization: The process of developing marketable versions of real estate is expected to turn into a multi-trillion dollar business and Rexas Finance has positioned itself ahead of that curve. The Rexas Token Builder enables users to leverage the tokenization of assets to be deployed for businesses and even individuals who have no skill or expertise in any particular field. Rapid presale success: There were ticket sales of over $200,000 in the phase 1 presale of Rexas Finance, which is why it sold out within three days. At this time there is phase 2 where the token is selling at $0.04 and those who get in early are going to benefit remarkably when it hits exchanges. Analysts believe that RXS can achieve such a profit, since this token is practically usable in the world and currently the market is developing towards RWA tokenization.
The Rise of Utility and Usability-Based Cryptocurrencies
Rexas Finance is one of the utility-based cryptocurrencies that are threatening the likes of meme buzz coins like the SHIB. Investors focus more on projects that address a certain problem and with a real possibility of long-term growth. Other coins more prone to DeFi, NFT as well as cross-border remittances are also likely to weather the storm of the next bull run with the current flush shift to real utility.
Final Comments: What’s in store for the 2024 Bull Run
Even if Shiba Inu wins the meme-cryptocurrency competition, it’s clear that the next market run will be led by utility crypto tokens like Rexas Finance (RXS).
With its foothold in the real RWA market, high pre-sale performance and global RWA tokenization through use cases, Rexas Finance has become the most sought-after altcoin for a 50x return in 2024. Cautious investors looking for the next big altcoin should monitor RXS as it is poised to lead the next altcoin market boom.
For more information on Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
White paper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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