The cryptocurrency market is now spinning energetically and two new tokens Dogecoin and Rexas Finance are receiving boosting attention from investors. Dogecoin which is one of the most well-known meme coins has recently seen an increase in its price after the massive involvement of well-known investors while Rexas Finance which is the new platform with real-world asset-backed tokenization is also having an extraordinary presale campaign.Both tokens have growth potential, with some forecasts proposing that owning these tokens could turn the initial investors into millionaires. However, Analysts have predicted Dogecoin could grow up to 100%, while Rexas Finance could reach up to 8,407%, as it becomes popular among investors.

Dogecoin’s Recent Rally Fueled by Whale Accumulation and Political Influence

Dogecoin has once again risen in popularity and recent statistics provide evidence pointing to large investors purchasing over 2.1 billion DOGE tokens within the past week. This level of whale activity, the highest in two months, usually indicates market bullishness. DOGE is currently priced at $0.2641, 78.3% up in the last 7 days, and peaked at a price that it was at in November 2021. However, Major traders are showing renewed interest in DOGE due to their cyclicality in the price movements which has been attributed by analysts to suggest that DOGE could be in a long-term bullish run. A major component of Dogecoin’s recent gains is attributed to celebrities and influencers. Tesla and SpaceX CEO Elon Musk has endorsed Dogecoin repeatedly in recent months, even using his presence on Twitter to improve its value. Furthermore, following the recent election of Donald Trump as US President, Dogecoin has brought a new variable to the development of the coin. A proposal made by Trump to create a new ministry of government efficiency (D.O.G.E.) for Musk to lead, has aroused interest among investors of Dogecoin. According to some analysts, the emergence of this department can trigger a sane hike in DOGE prices.

Rexas Finance (RXS) to Soar 8,407% Amidst Rising Demand for Tokenized Real Assets

Speculation is also high on Rexas Finance, which operates in tokenizing Real World Assets such as real estate. In the presale stages currently in stage 5, the price for RXS tokens has risen to $0.07 with 73% of tokens sold in presale round 5. Bullish stakes are taken early to make a fortune as the presale advances towards the final listing price of $0.20. The value proposition of Rexas Finance is based on its distinction as a platform focused on real estate, commodities, and Intellectual Property assets tokenization. Tokenization of real assets increases both its liquidity and accessibility it becomes more appealing to the average investor. It can be estimated that the RXS token could jump in price by up to 8,407% when it enters mainstream exchanges since asset-backed tokens are considered to be in great demand now along with innovative approaches to the development of decentralized finance.

CertiK Audit Approval Boosts Investor Confidence in RXS Token’s Security

Rexas Finance has gained credibility in terms of its security and trust as a result of a recent CertiK Audit. RXS tokens were verified by CertiK, a top blockchain security auditing firm, as high security that makes transactions of investors safe. This independently verified becomes an extra layer of trust, confirming there are no vulnerabilities in the RXS token system. Rexas Finance has taken a huge step toward establishing this security milestone, the times when Rexas Finance eases the traders to invest in tokenized assets securely. The assurance of RXS token’s safety has increased its demand further as a CertiK-certified platform. With the platform added to CoinMarketCap and CoinGecko, Rexas Finance is definitely on an upward trend toward gaining credibility and going the distance in the cryptocurrency industry.

Website: https://rexas.com

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

Ripple-affiliated cryptocurrency XRP extended its stunning rally during the weekend, surging to a new 2024 peak of $1.26 on the Bitstamp exchange.

This is the highest level that the cryptocurrency has hit since November 2021.

In fact, the rally was so intense that Binance, the leading cryptocurrency exchange by global trading volume, temporarily stopped processing withdrawals.

The controversial token has surged by more than 110% during this November, outperforming most other major altcoins.

As reported by U.Today, the rally intensified earlier this week amid rumors about the imminent resignation of SEC Chair Gary Gensler and expectations of more accommodating cryptocurrency regulations.

XRP is still down 69%

While XRP has secured rather impressive short-term gains, it is still down roughly 69% from its record peak that was recorded almost seven years ago.

According to data provided by CoinGecko, XRP remains one of the worst-performing tokens. For comparison, Bitcoin and Ethereum (ETH) are down 3% and 36% from their respective lifetime peaks. Dogecoin (DOGE), the most valuable meme coin, is down 51%.

There are still some major altcoins that managed to underperform XRP. Cardano (ADA), for instance, is down 76% from the peak that was achieved in September 2021. Shiba Inu (SHIB) and Avalanche (AVAX) are also in the same boat, with both coins losing more than 70% of their peak value.

Ripple co-founder transferring XRP

Meanwhile, Arthur Britto, one of the Ripple co-founders, has started transferring XRP tokens amid the blistering rally. Britto recently transferred 80 million XRP, with 10 million tokens moving to the Binance exchange.

Buyers keep controlling the situation on the market on the last day of the week, according to CoinMarketCap.

DOGE/USD

The rate of DOGE has declined by 4.30% over the last 24 hours.

On the hourly chart, the price of DOGE is testing the local resistance of $0.3679. If bulls’ pressure continues and the daily candle closes near that mark or above, the breakout may lead to a test of the $0.38 area.

On the daily time frame, the rate of DOGE has made a false breakout of the resistance of $0.3513. If the bar closes far from it, the growth may continue to the important zone of $0.40. Such a scenario is relevant for the upcoming week.

From the midterm point of view, the price of the meme coin is far from the key levels. In this case, one should focus on the weekly candle closure in terms of its peak.

Related

If it happens near $0.40, the upward move is likely to continue. In another case, there is a possibility of a correction to the $0.30 range.

DOGE is trading at $0.3662 at press time.

Lunex Network (LNEX) is making a lot of noise in the crypto space. It has already given early buyers a +100% return – a percentage that rises every three days. Plus, this DeFi project could disrupt the entire market by connecting all isolated blockchains and launching a non-custodial trading platform.

On it, people will easily trade many crypto coins across different blockchains. Furthermore, Lunex Network will not require any sign-up KYC checks, meaning traders will remain anonymous. With millions of traders becoming more privacy-conscious thanks to data leaks, Lunex Network could become a fan favorite for millions.

The LNEX native token will fuel this platform. By holding it, people will get discounts on trading fees, passive income via staking, and more. Currently, one LNEX costs just $0.0026; however, its price will rise as the presale advances. Its expected launch price is $0.0216, which means a potential 900% return for all those who buy it now.

Cryptocurrency Prices Today: Bitcoin fell below $90K, trading within the range of $87,500 to $93,000 for the past four days. Meanwhile, XRP price broke above $1 after a more than 25% upside in a day, hitting a two-year high. The Meme coins sector saw massive selloffs, with PNUT price dropping by 15%. NEIRO, MOG and POPCAT, PEPE prices tumbled 6-13%.

The global crypto market cap jumped 0.28% to $3.04 trillion, but total crypto market volume dropped by 10% amid selling by traders.

Here’s a brief overview of some of the top cryptocurrencies by market cap and their price movements on November 17.

Cryptocurrency Prices Today: BTC and XRP Hold Market Gains

Bitcoin is trading at $90,416, maintaining its recent strength, While Ethereum (ETH) has declined by 1.81% from yesterday, Solana (SOL) surged, gaining 5.27% and diverging from ETH’s movement.

XRP became the top performer among the leading cryptocurrencies, rising by 12.43%. This boost added to the overall bullish market sentiment.

Bitcoin Price Today

Bitcoin (BTC) is trading at $90,416, reflecting a 0.80% decrease from the previous day. Over the past 24 hours, BTC low and high ranged between $89,417 and $91,763, respectively. Bitcoin market cap stands at $1.79 trillion, with a market dominance of 59.19% and a trading volume of $44 billion.

In an interesting development, a Satoshi-era Bitcoin whale has earned $180 million after holding BTC for 14 years. This impressive gain underscores the remarkable returns that early adopters of Bitcoin have achieved over time.

Ethereum Price Today

Ethereum (ETH) has declined by 1% and is currently trading at $3,122. Its 24-hour low and high ranged between $3,039 and $3,218. Ethereum’s market cap now stands at $371 billion, with a market dominance of 12.31%, and a trading volume of $28 billion in the past 24 hours.

Analysts expect Ethereum price to break through the $4,000 mark, as it remains tightly bound below this critical resistance level.

Solana Price Today

Solana (SOL) has increased by 5.61% over the last 24 hours, with its price now at $233. The coin’s daily low and high have been $212 and $235, respectively. With a current market cap of $110 billion, Solana ranks as the fourth-largest cryptocurrency by market capitalization.

Technical indicators suggest a positive outlook for Solana, with many analysts forecasting a potential rise toward the $1,000 mark in the near future. The coin’s strong performance is seen as a signal of growing investor confidence and interest in Solana’s long-term potential.

XRP Price Today

XRP has rallied impressively, surging 12.3% in the past 24 hours and currently trading at $1.02. The token’s daily low and high were $0.94 and $1.256, respectively, with a substantial 24-hour trading volume reaching $24.05 billion. The price jump today has ranked it as the sixth-largest cryptocurrency by market cap, holding a 2.3% market dominance.

This surge in XRP value comes as the U.S. embraces a more crypto-friendly stance, with plans to support American-origin cryptocurrencies. Additionally, Ripple whales are actively buying after a strong breakout amid a favorable outlook.

Meme Crypto Prices Today

Dogecoin (DOGE) is down by 6.95% and trading at $0.351 with a 24-hour range of $0.341 to $0.389. DOGE has surged 54% over the past week and has gained an impressive 164% over the past month, making it the seventh-largest cryptocurrency by market cap. This surge is reflective of increased investor interest, with meme coins seeing a resurgence in popularity.

Similarly, Shiba Inu (SHIB) has declined by 5.17% and is currently trading at $0.00002408. Over the past week, SHIB is up by 7%. SHIB’s performance over the last quarter, with an 82.61% increase, signals renewed optimism around this popular token, particularly as interest in meme coins remains high.

Other meme coins have also recorded loss over the past 24 hours. Pepe Coin, WIF and BONK are each down between 3-6%, while SLERF token stands out with a significant 42% increase. These price movements underline the broad interest across meme coins, as they continue to capture the attention of the crypto market.

Top Cryptocurrency Gainers Prices Today

Mantra Price Today

Mantra (OM) token has seen a 35% increase in the past 24 hours, now trading at $2.224. The coin’s 24-hour trading range was between $1.660 and $2.723, showing significant volatility. The continued rise suggests growing demand for Mantra’s platform and services.

Sandbox Price Today

Sandbox (SAND) witnessed a 23% surge in the last 24 hours. The coin is currently trading at $0.3606, with a 24-hour low of $0.2957 and a high of $0.3984. The trading volume saw a 450% jump in the last 24 hours.

Stellar Price Today

Stellar (XLM) is trading at $0.19, reflecting a massive gain with a 24-hour low of $0.133 and a high of $0.2010. The 27% change indicates some volatility, but the coin remained steady.

Top Cryptocurrency Losers Prices Today

Peanut the Squirrel

Peanut the Squirrel (PNUT) has dropped by 15% in the last 24 hours, currently trading at $1.59. Its 24-hour low and high were $1.63 and $1.93, indicating some selling pressure over the past day.

Neiro (First Neiro on Ethereum)

Neiro (NEIRO), the first Neiro coin on Ethereum, is trading at $0.002, down by 2.5% in the last 24 hours. The coin’s range for the day has been between $0.002 and $0.0024.

Dogecoin (DOGE)

Dogecoin (DOGE) has seen a 6% decrease in the last 24 hours, trading at $0.3541. The coin’s 24-hour range is $0.3417 to $0.3899, showing volatility compared to some other assets in the market.

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.