Dogecoin, currently ranked 9th in the crypto market, is underperforming and faces the risk of dropping out of the top 10 by early 2025. Investors are looking for alternative cryptocurrencies with more long-term potential. Tron (TRX), Shiba Inu (SHIB), and Rexas Finance (RXS) are being considered as possible successors to Dogecoin.
Tron (TRX) has seen significant growth in the DeFi market and stablecoin dominance. It has become the 11th largest cryptocurrency by market value, worth $13.5 billion. Tron’s revenue powerhouse is backed by its decentralized exchanges (DEXs) and staking mechanisms, making it a strong contender to climb up in market cap rankings.
Shiba Inu (SHIB), ranked 14th, is now more than just a meme token. After a recent 10% price spike, its market valuation reached $10.3 billion. The recent updates on the Shibarium network and the upcoming Shib the Metaverse project have increased the project’s on-chain activity, potentially helping it enter the top 10 in the coming months.
Rexas Finance (RXS) is a new player in the market, targeting trillion-dollar markets like real estate and commodities with its real-world asset tokenization. Rexas Finance is currently in the presale stage, with a current value of $0.06. Its potential to transform the trading and management of assets could make it a strong contender to enter the top 10 by 2025.
In conclusion, as Dogecoin’s position in the top 10 weakens, Tron, Shiba Inu, and Rexas Finance are emerging as serious competitors. Investors seeking the next wave of cryptocurrency growth may consider Tron due to its DeFi and stablecoin supremacy, Shiba Inu due to its robust ecosystem and supportive community, and Rexas Finance due to its innovative real-world asset tokenization strategy.
Source: regs