Shiba Inu and Dogecoin have had a challenging 2024; the latter quarter of the year seems far more problematic. Though early in the year there was hope, current developments in the global economic environment beg concerns about the future of these well-known meme coins. A seasoned trader has warned that the road ahead appears grim for Shiba Inu and Dogecoin, encouraging investors to hunt for more interesting crypto choices.
Shiba Inu and Dogecoin Struggling
Shiba Inu and Dogecoin have lately experienced significant price drops. One factor that contributed to their price drops was the publication of the October 4 U.S. job report, which revealed a condition of the economy more than projected. Meme currencies have collapsed even if this would seem to be favourable for the general state of the economy. The strong employment data indicates that the Federal Reserve of the United States may not be required to reduce interest rates as much as experts had anticipated they would be. In light of the fact that the market had anticipated a reduction in interest rates by fifty basis points (bps) at the Federal Reserve’s meeting in November, high-risk assets such as Shiba Inu and Dogecoin were relieved. The likelihood of such a big reduction in interest rates has dropped to zero percent; nonetheless, taking into consideration the current health of the economy, it is now favoring a small 25 basis point reduction. This shift in expectations indicates that risk assets like DOGE and SHIB are most likely to be under continuous downgrading as investors migrate their money to safer investments. Apart from macroeconomic factors, geopolitics and the approaching U.S. elections have further upset investors. Especially, the Israel-Iran conflict raises questions in foreign markets. Investors are fleeing from risky assets, including Dogecoin and Shiba Inu, as they get ready for possible war escalations in the Middle Eastern region. These tensions could intensify and lead to longer-term market volatility, which worries me. The November 5 U.S. presidential elections add yet another reason for uncertainty. Though Polymarket data indicates that pro-crypto candidate Donald Trump has a fair probability of winning, investors are cautious and would prefer to remain on the sidelines until the outcome of the election is more definite. Dogecoin is selling at about $0.14 at the time of writing, down more than 5% in the last 24 hours; Shiba Inu is priced at roughly $0.000018 and has lost almost 7% in the same period. reports from CoinMarketCap Given the ongoing financial and geopolitical challenges, the future of these meme coins looks dismal. The warning of the great trader highlights the diminishing appeal of Dogecoin and Shiba Inu since their main motivation is speculative hype and lack of useful purposes. Conversely, wise investors are beginning to show interest in other cryptocurrencies with practical worth.
Rexas Finance (RXS): An Other Alluring Opportunity for Investors
For investors looking for gains in Q4 2024, even if meme coins like Dogecoin and Shiba Inu are failing, Rexas Finance (RXS) provides a better option. Unlike speculative assets reliant on buzz, Rexas Finance offers a real-world use case with the flexibility to change asset management. Globally, the platform lets users tokenize real-world assets such as real estate, art, commodities, and intellectual property, therefore generating liquidity and openness to once-illiquid markets. Rexas Finance offers a strong replacement for Dogecoin and Shiba Inu in addition to stressing real-world use cases and the capacity to make investing more inclusive and efficient.
Already starting to show are investors. Presale for Rexas Finance is on Stage 4 right now; one RXS costs $0.060. Comprising $4,007,717 raised out of a $5,450,000 target and 85,961,932 tokens sold, the presale is 78.15% full. Set at $0.070, the next stage price should reach at least $0.10 by the end of 2024, therefore guaranteeing a 67% increase. Starting with a $1,000 investment in Rexas Finance at the current presale price, by year’s end this would have increased to almost $1,670. This comeback is much more fascinating than the uncertainty ailing Dogecoin and Shiba Inus, both of which have waning appeal and no useful application.
Conclusion
For those seeking to manage the rough Q4 2024, meme coins like Dogecoin and Shiba Inu present more risk than reward. Any meaningful short-term rebound is unattainable in macroeconomic terms; geopolitics and market uncertainty are all pushing against these assets. On the other hand, Rexas Finance offers a more constant, growth-orientated replacement with its practical applications and ongoing presale success. As Dogecoin and Shiba Inu continue to struggle, Rexas Finance might be the best option for those looking to profit from the fourth quarter of the year.
About Rexas Finance :-
Website: https://rexas.com