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Shiba Inu holds the largest market capitalization among all the memecoins, but we now see more enhanced memecoins offering improved functionality and use cases. While the token has received significant support from the community, its stability for the long term is still uncertain, especially with the speculation and current fluctuations in the market. Other potential competitors that have been established as potential to cut some market share in 2025 include Solon (SOL), Cardano (ADA) and Rexas Finance (RXS).
SHIB has declined in the last couple of weeks and reached the lowest levels of the year at $0.00001000. Selling activity from the investors who hold large amounts of tokens, commonly known as whales, has put pressure on the token and pushed it down by 28.88% in four trading sessions. Some technical analysis tools, like the VWAP, reveal that SHIB fails to find its footing and build on its recent gains, although the Bollinger Bands show increased volatility. To turn the tide on a bearish outlook, SHIB must reclaim $0.00001297 as a key level for a possible run toward $0.00001470. But if this bearish momentum persists, the price may decline to the $0.00000950 level of support. Market data also reveal a decrease in trading activity, which shows that investors are losing interest in trading as they opt for other decentralized blockchains.
Solana has positioned itself as one of the major competitors, mainly through the speed of its transactions and the relatively low fees. Real-world applications have seen Solana handle up to 65,000 TPS compared to what SHIB can offer in terms of scalability. SOL is currently trading at approximately $122. The indicators indicate that breaking through the $124.03 level might propel SOL to $180, whereas a drop below $112.01 may cause a decline. Decentralized finance, NFTs, and gaming are three emerging industries vital to Solana’s success in the 2025 competition.
Cardano (ADA) has recently regressed in price but is still viable thanks to its focus on scalability, security, and dApps. ADA has declined slightly below 12% in the current trading week, and its current price stands at $0.7241. However, whales currently hold 180 million ADA tokens, which points to their confidence in its future success. Technical analysis of the situation indicates that, in order for ADA to make a shift to the bullish trend, it must pierce through $0.7351. The first level of resistance exists at $0.9216 with a farther Fibonacci level at $0.00007380. While relying on community-stoked FOMO, ADA might struggle compared to SHIB, however, the strong ecosystem development and attractive staking incentives might help ADA build a larger market share in 2025.
Rexas Finance (RXS) is gaining more attention from investors as it aims to tokenize real-world assets (RWA), which means that you can buy real estate, commodities, or patents and sell them on the blockchain. This unique approach differentiates RXS from purely speculative tokens like SHIB.
The RXS presale has seen very positive results, with over 90% of tokens sold and a total of $47 million raised. It has increased by 567% from $0.03 to $0.20 and is set to hit an exchange listing price of $0.25 on June 19, 2025. It also recently completed a Certik security audit, which helps bolster investor confidence in the project.
As more exchange listings emerge, institutional backing starts to pour in, and the RXS ecosystem continues to develop rapidly. RXS can surpass SHIB’s market cap while also offering genuine utility and real-world growth prospects. That if the trend for asset tokenization continues in the future, RXS could step up efforts to establish itself in the blockchain finance niche.
Website: https://rexas.com
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
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