Dogs (DOGS) vs. Rexas Finance (RXS): Which Token Offers More Long-Term Potential?
As it is quite common for such a marketplace to be quite volatile, there is no shortage of newer projects that attract the attention of investors or traders. To illustrate this point, two recent tokens that have been in the news are DOGS/DO, a meme coin on the Telegram Open Network, and Rexas Finance (RXS) designed to change the perception of RWA assets on the blockchain. Both tokens have launched successfully, however, speculation on their sustainability is another issue that still divides investors.
DOGS, being a new meme coin, experienced a tremendous launch on popular crypto exchange networks such as Binance. Its price was listed at $0.00054 and just hours after it got listed, this value appreciated by 150% to go beyond $0.0013.
The token’s value slumped to below a penny and a third, which was a clear indication that the initial investors were exiting to get their profits and the selling pressure was increasing. This dip most recently extended during a rise in uncertainties about Telegram’s future and commitment to the TON ecosphere in the long term.DOGS is rather projected to return more than usual rates but on a very small margin such that some analysts are projecting only a 2x return for two years. But considering how rapidly the crypto market is transforming, such rates of growth could fail to stir the interests of serious long-term market players.
In the search for investors and buyers of the DOGS tokens, which are enjoying the crowded market of meme coins, Rexas Finance (RXS) has quite a different focus. Rexas Finance was launched a little over a week later, on 8th September 2024, and seeks to bring asset tokenization on the blockchain. Real-world assets for example real estate nearly can be represented in the
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