PEPE Coin Rival Raises $1.6 Million in Presale With Its Utility-Based Approach

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Pepe Coin, one of the most popular meme coins found today, was launched just over a year ago and is based on the famous frog meme, which wears different emotions. While the coin performed well at the outset, it had recently begun to experience price stagnation. One of the fairly recent up-and-coming rivals, Rexas Finance (RXS), displays great potential with its utility-based approach.

One of the main reasons investors are attracted to Pepe is its deflationary nature. A certain percentage of Pepe coins gets burned with each transaction, effectively increasing the value of the rest of the tokens over the long run. However, PEPE, like many other meme coins, has its value drawn by speculation to a degree.

After a period of price growth and high volatility, PEPE is now experiencing price stagnation. Despite having a lot of followers, recently, it has not kept up with the pace of other new emerging cryptos. Market volatility and investor hesitation, alongside other meme and utility token competition, have hammered down on its recent ascent.

Rexas Finance (RXS) has been making headlines as an emerging rival to Pepe Coin, which has had its fair share of bumps. Rexas Finance states that it takes a more serious approach to utility, promising to be a disruptive force in the digital assets market. The project’s aim is the tokenization of virtually any form of asset one has, whether it is real estate, art, modes of production, or intellectual property. In simple words, by way of the issuance of tokens, Rexas enables users to invest in assets beyond their