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The renewed interest in the cryptocurrency market after the U.S. presidential election pushed Bitcoin to new record highs. Positive investor sentiment powered Bitcoin’s price up from below $70,000 to a high of $75,500. The rally here is a repeat of last year’s Bitcoin fluke, which took the coin’s price to $20,000 for the first time. Although Bitcoin is still below support at the $73,000 level, analysts say it could rebound and build its base for higher growth. If the cryptocurrency maintains its current level and delivers one more green candle daily, the bull market may then start. For Bitcoin investors, this is a good scenario as we head into the holiday season, propelling the coin towards $100,000. This bullish sentiment spreads beyond Bitcoin to all Blockchain markets, including cryptocurrencies. Investors are watching the trend’s sustainability but paid significant gains among the major coins. If Bitcoin keeps on going, digital assets like meme coins like Dogecoin will follow suit.
Earlier this week, Dogecoin, a meme coin launched in 2013, also became the center of some attention as cryptocurrency prices took off. Dogecoin is known for its Shiba Inu mascot and, despite lacking a wide series of actual use cases, continues to have a strong devoted community and significant public interest. But Bitcoin has soared since then, while Dogecoin has failed to touch those highs and now trades for around $0.15. Although Dogecoin is extremely popular, it has yet to recover from its $0.74 peak in May 2021, and it is still approx. 78% down. According to some analysts, Dogecoin could reach new heights if the market keeps booming, as its fan-driven momentum could keep it on the rise. But others say Dogecoin’s fundamentals right now don’t stack up to other niche projects. Dogecoin’s loyal fans believe their token will finally bust through the much-wanted barrier of $2 as the cryptocurrency market’s latest mania sweeps through the sector. However, without fully developed or increased adoption, this level is a long way off. Signals of potential future growth may be the emergence of new market catalysts or impetus that will move sentiment in a positive direction.
Rexas Finance has shifted toward being a player in real-world asset tokenization. Previously, investors could trade tangible and intangible assets as tokens while gaining fractional ownership and access to these resources via Rexas Finance’s platform. This fits into a trend of the company’s platform serving asset-backed tokens that raise liquidity and related transparency on the part of investors. Rexas Finance has already attracted more than $5.45 million in funding, which shows the confidence that investors put in its model. The platform’s token, RXS, is currently in its fifth presale stage at a price of $0.07 with an expected listing price of $0.20. By the time RXS is publicly listed, early investors could walk away with a 500% profit.
One of the many tools Rexas Finance is going to introduce to its ecosystem is the QuickMint Bot and GenAI for NFTs. The goal of these initiatives is to simplify token creation and democratize digital art, making it easier for both seasoned and new investors to use. By integrating user-friendly tools, Rexas Finance could tap into a wide audience and achieve ambitious growth totals as the token market grows.
The U.S. election has significantly impacted the cryptocurrency market, with Bitcoin reaching new heights and a potential bull run on the horizon. As Bitcoin holds near $73,000, investors remain optimistic about its chances of surpassing the $100,000 mark in the coming months. The rally has also revived interest in meme coins like Dogecoin and innovative tokens such as Rexas Finance’s RXS. Should Bitcoin’s momentum continue, it could lead to a broader market surge, providing opportunities for substantial returns across various digital assets.
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