Shiba Inu (SHIB), Pepe Coin (PEPE) Take a Dive as Whales Cash Out, Attention Shifts to New cheap $0.05 Altcoin

Shiba Inu (SHIB) and Pepe Coin (PEPE) are witnessing notable declines as large holders, or whales, cash out their positions.

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Shiba Inu (SHIB) and Pepe Coin (PEPE) are experiencing contrasting fates as large holders, known as whales, cash out their positions in these meme coins.

SHIB has faced increased selling pressure, indicating a potential price correction, while PEPE has remained stagnant within a narrow trading range.

These developments come as investors shift their attention to a new competitor, with a fresh narrative and a lower entry price point, sparking interest in the crypto market.

Shiba Inu Sees Bearish Trends, Selling Pressure Mounts

Shiba Inu (SHIB) has been subjected to short-term bearish trends, with recent metrics hinting at a price correction. Notably, the 30-day Market Value to Realized Value (MVRV) ratio, a measure of average profit or loss, spiked positively in August, indicating a rise in selling pressure.

This surge in MVRV is followed by a sharp 12% decrease, suggesting a shift in holder behavior. Moreover, a higher MVRV value typically precedes periods of increased selling activity.

Dormant circulation, indicating periods of minimal coin movement, saw a noticeable increase on September 20, suggesting a distribution of SHIB across the network.

Furthermore, despite an initial rise in open interest and bullish sentiment, SHIB's funding rate has dropped in recent days, indicating that long positions are losing favor. This development may foreshadow a sell-off in the coming days.

Pepe Coin Faces Stagnation, Price Action Contained

Pepe Coin (PEPE) has been struggling to gain momentum, trading within a tight range since early August. The meme coin faced resistance at $0.000008 and found support at $0.000007, leading to a period of decreased volatility.

This reduced activity is confirmed by the contraction of the Bollinger Bands, indicating lower price fluctuations. Moreover, frequent crossovers between the Moving Average Convergence Divergence (MACD) line and the signal line reflect a consolidation phase, with neither buyers or sellers in full control of the market.

Attention Shifts to Rexas Finance, a New Contender

As SHIB and PEPE lose steam, attention shifts to a new project in the crypto market, promising to revolutionize asset tokenization.

This project, known as Rexas Finance (RXS), allows users to tokenize real-world assets like real estate and gold, enabling full or fractional ownership with a single click.

While meme coins like SHIB and PEPE have garnered significant interest, they lack a strong fundamental value or long-term growth potential.

In contrast, projects like Rexas Finance offer a fresh narrative and a lower entry price point, attracting investors seeking a project with real-world applications and growth prospects.

With a total supply of 1 billion RXS tokens, the project has allocated 42.5% for the presale, offering early investors a unique opportunity to participate in the growth of the platform.

Currently, RXS is in stage 3 of the presale, priced at $0.05, having raised $1.25 million in earlier stages. Notably, early investors in stage three are expected to see a 4x return upon launch.

Rexas Finance Innovative Features to Bridge Real-World Assets and Blockchain

Through its user-friendly platform, Rexas Finance simplifies the process of tokenizing real-world assets.

The platform's token builder tool allows asset owners to convert their physical properties into digital assets, opening doors for a wide range of applications.

For instance, real estate developers can tokenize their properties to raise funds easily, while investors can purchase fractional ownership of assets from anywhere in the world.

The possibilities extend beyond real estate, encompassing various asset classes like gold, art, and even intellectual property.

This innovation not only enhances liquidity but also broadens investment opportunities, especially for those with smaller budgets. Additionally, creators can tokenize their assets to raise capital, eliminating the need for intermediaries.

The Rexas launchpad offers a platform for users to raise capital for their tokenized assets, creating a decentralized marketplace for asset trading.

With features like the GenAI, AI Shield, and Rexas Quickmint Bot, users are equipped with advanced tools to streamline the tokenization process and ensure security.

As more assets become tokenized, the potential for growth in the crypto market expands, with Rexas positioned to lead this revolution.

RXS Presale Moving Quickly, Millionaire Giveaway to Boost Interest

The RXS presale is moving quickly, with 58.24% of tokens sold in stage 3. Notably, Rexas Finance sold out stage 2 in under a week, raising $1.25 million.

To boost investor interest, Rexas is running a $1 million giveaway, with 20 winners each receiving $50,000 in USDT.

Participants must complete a set of tasks,

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