Shiba Inu (SHIB) gains 5.5% as Bitcoin correlation drives price above $0.000013. Rexas Finance (RXS) presale raises $47.6 million, token price surges 566%.

Shiba Inu (SHIB) has experienced a modest recovery, with a 5.5% gain over the past week, pushing its price above the $0.000013 mark. However, this upward trend is tempered by significant uncertainty. The cryptocurrency is currently trading at $0.00001347, just above a fragile support level of $0.00001275. This level's stability is heavily dependent on Bitcoin, with which SHIB has a correlation of 0.77. If Bitcoin's price moves towards $90,000, SHIB could benefit from this momentum. Conversely, if Bitcoin falters, SHIB's price could drop as low as $0.00001141.

Adding to the concern is the behavior of short-term holders. The MVRV Long/Short Difference, a key indicator for detecting profit-taking, is at a six-month low. This suggests that many holders are currently profitable and may be inclined to sell, creating downside pressure. SHIB lacks the cushion to absorb severe sell-offs without strong support from long-term investors, making any price increase appear ephemeral unless driven by broader market forces.

Despite these challenges, there is significant retail interest in SHIB. If the price breaks over $0.00001462 and converts into support, SHIB might rise to $0.00001676, shifting the conversation from survival to potential thriving. However, the overall outlook for SHIB remains cautious, with its future heavily reliant on broader market conditions and the behavior of Bitcoin.

In contrast, another altcoin, Rexas Finance (RXS), has been gaining attention. RXS is a utility token in the real-world asset (RWA) tokenization niche, allowing for the tokenization of actual assets such as real estate, gold, and fine art. This transforms illiquid assets into quick, fluid, and marketable digital value. The project's ecosystem includes Rexas Treasury, a multichain yield optimizer, and Rexas Launchpad, a startup incubator. RXS has raised $47.6 million in its ongoing presale, with the token's price rising from $0.03 to $0.20, a 566% gain. The project's success is attributed to its VC-free approach, strategic tokenomics, and strong community support.

Rexas Finance's presale is nearing completion, and the project is set to debut on at least three tier-1 exchanges on June 19, 2025, with a $0.25 listing price. This exposure is expected to drive the price higher, with some estimating a significant increase. The project's strong fundamentals, loaded roadmap, and real-world use cases position RXS as one of the best ROI crypto assets to acquire, particularly for those seeking to go beyond meme coins.

In conclusion, while SHIB has room to grow, especially if Bitcoin ignites another bull market, it remains a risky wager reliant on sentiment and short-term behavior. Meanwhile, Rexas Finance offers a different opportunity with tangible usefulness, clever tokenomics, and a thriving community. With the RXS presale nearing completion, this may be the only opportunity to participate before Rexas Finance launches its next chapter on global exchanges.