Rexas Finance (RXS) Emerges as a New Player in the RWA Tokenization Market

Dogecoin (DOGE) a memecoin that has been famous for its surge in value, is currently under intense technical pressure due to manipulation by whales.

Dogecoin (DOGE) price is on the way to testing key support after more than 1.32 billion DOGE were sold by whale wallets in the space of 48 hours. This activity has seen the price fall from the $0.18-$0.20 range to just above $0.13.

As more people are getting interested in crypto projects that have a practical application and stable development prospects, a new project has emerged, which also showed good results in the presale. It is about Rexas Finance (RXS), which is offering investors the chance to invest in firms that operate within illiquid markets through the use of blockchain technology.

It is used to tokenize real-world assets (RWA), which can be anything from property and artworks to ideas and companies. The project aims to create an ecosystem where institutions and individuals can seamlessly participate in the future of finance by unlocking new avenues for liquidity, investment opportunities and participation in the evolving digital economy.

Dogecoin Faces Breakdown Risk After Major Whale Sell-Off

On-chain data from Santiment shows that most of the large Dogecoin holdings, classified as ‘implied balances over 1 billion DOGE,’ have significantly reduced their exposure over the past 48 hours.

“Look at the $0.13 as support, which we have not breached since October 2023,” the analysts stated. This zone also corresponds to the 61.8% Fibonacci retracement level, a level that is important from a technical analysis standpoint. Should the price break below this range, the next critical support can be found at $0.11 and $0.085, which served as consolidation levels in 2023.”

Short-term oscillators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), are indicating bearish signals at the moment. There has also been a reduction in volume in the last bounce-up, a sign that buyers are growing skeptical while sellers become more aggressive.

This situation indicates that the market is still biased to the downside, as over 80% of recent liquidations were initiated based on longs. However, those who are still enthusiastic about Dogecoin and its long-term prospects are focusing on the bigger picture.

In previous cycles, small investments grew to tremendous proportions, with $450 turning into more than $50,000 during previous upswings. However, the current cycle is less enthusiastic and the memecoin itself is actively trading significantly lower than its previous highs.

Rexas Finance Grows Stronger Amid Market Turbulence

As Dogecoin is testing key support levels and remains volatile, investors may be interested to learn about Rexas Finance (RXS), a new project that has already raised more than $47.6 million during the presale, and tokens are 91% sold out. The project is offering investors the chance to invest in firms that operate within illiquid markets through the use of blockchain technology.

It is used to tokenize real-world assets (RWA), which can be anything from property and artworks to ideas and companies. The project aims to create an ecosystem where institutions and individuals can seamlessly participate in the future of finance by opening up new avenues for liquidity, investment opportunities and participation in the evolving digital economy.

It is powered by ERC-20, ERC-721 and ERC-1155 tokens, and it is used to create and secure new revenue streams, open up new markets and forge strong community ties. Its goal is to revolutionize how value is accessed, exchanged and measured in the new, digital age.

The RXS ecosystem consists of an asset token creator, a funding platform for tokenization and decentralized finance (DeFi) utilities for buying and staking. The platform can operate with the help of ERC-20, ERC-721 and ERC-1155 tokens, thus allowing the creation of versatile digital asset interactions.

The project has also been fully audited by CertiK, a global blockchain security firm. Its community is a critical part of its fabric, and it is committed to complete transparency in all its endeavors.

The project’s token distribution is also structured to ensure the long-term growth and stability of the ecosystem. Of the total token supply, 3% is allocated to the development team, 50% is for the presale and 20% is for staking rewards. This model helps to distribute ownership and management power more broadly, reducing the potential for over-concentration.

As the demand for real-world asset tokenization continues to grow, Rexas is emerging as a next-generation platform with practical use cases and strong community support.