Rexas Finance (RXS) vs Dogecoin (DOGE): Which Is a Better Bet in 2024?

Dogecoin (DOGE) has had its day in the limelight, most famously in 2020–2021, when Elon Musk's influence sent its value skyrocketing by 16,000%.

Dogecoin's (CRYPTO: DOGE) days of massive gains might be numbered as another crypto project is emerging as a strong contender for investors seeking significant returns in 2024.

While DOGE is still showing some strength, trading at around $0.148, its days of leading the crypto market with outsized gains appear to be fading. This has left investors searching for more viable alternatives.

One new competitor in the market that is gaining attention from investors is Rexas Finance (RXS). Here's why it could be a better bet than Dogecoin for massive gains in 2024.

Dogecoin's performance: Trapped in a range

After its massive run last year, Dogecoin has recovered somewhat this year, showing gains of 31.20% over the last seven days. However, questions remain over DOGE’s long-term growth potential as its price increases have slowed down compared to its huge run in 2020-2021.

The coin currently trades at $0.1471, down significantly from its peak of $0.73 in 2021 and has largely remained flat compared to its stellar rally. With support levels at $0.130 and bullish patterns emerging on its chart, DOGE is showing some resilience, although the upside appears limited.

According to several analysts, including cryptocurrency analyst Dima James Potts, Dogecoin could hit $0.31 by the end of 2024. While this would be a massive move and a over 110% increase from its current price, it would still pale in comparison to its historic rallies.

Given the state of the market and DOGE’s lack of a strong real-world use case, it is unlikely to reach the highs of 2021, despite some hoping for another Elon Musk-driven rally.

Why it’s better to bet on Rexas Finance in 2024

In contrast to Dogecoin's uncertain future, Rexas Finance is quickly becoming the cryptocurrency with the most upside potential in 2024.

The project is gaining attention for its innovative approach to Decentralized Finance (DeFi) with a focus on tokenizing real-world assets (RWAs). Small investors can now participate in high-value markets that were previously inaccessible by tokenizing valuable assets such as fine art, real estate, and more.

RXS presale is gaining steam with over 90 million tokens sold and nearly $4.3 million raised. Priced at $0.06, the token is set to skyrocket in value with some predicting it could hit $15 by 2025. If these projections hold true, a $500 investment in Rexas Finance at its current price could multiply to almost $125,000, presenting an incredible return of over 25,000%.

Unlike Dogecoin, which is heavily dependent on market sentiment, RXS is touted as a better long-term investment because of its strong use case and practical applications. Being listed on CoinMarketCap will also help Rexas Finance attract more mainstream investors, which could significantly drive up the token's price by 2024.

RXS’s growth potential: A DeFi powerhouse

The tokenization of real-world assets serves as the foundation of the Rexas Finance ecosystem, opening up investment opportunities and liquidity in markets that have historically lacked it.

Both retail and institutional investors can now easily participate in the tokenization process thanks to its Rexas Token Builder and QuickMint Bot. By fractionalizing assets, such as a Picasso painting or a piece of real estate, and minting them as NFTs on the blockchain, creators andصحاب الحقوق ( أصحاب الحقوق) can quickly and securely enter the Web3.0 domain.

This ties in well with the growing interest in tangible assets and collectibles within the crypto market. Rexas Finance makes it possible to have a diverse and liquid portfolio.

What makes RXS even more attractive is its low entry point in relation to its upside potential. For Dogecoin to double in value, it would have to overcome strong resistance levels, whereas Rexas Finance is just beginning what could be a much larger growth cycle.

Professional views on Rexas Finance and Dogecoin

There are varying opinions among crypto experts on Dogecoin's future. While some, like Trader Tardigrade, note that Dogecoin's recent rally may face notable opposition, others believe the token could hit $0.31 by the end of 2024. Given its overbought state and rising open interest, a correction could be on the horizon.

According to Glassnode data, open interest in DOGE has climbed to $1.05 billion, indicating a rise in traders’ interest in the coin's price movements. However, this growth is likely to be volatile.

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