Looking at the crypto market trajectory of 2024, it is safe to say that meme coins have been the leading performing crypto niche, with traders and investors making fortunes trading meme coins. However, the meme coin market rally seemed to have cooled off, with the Shiba Inu price declining by 20% in the 30D timeframe.
While the Shiba Inu token faces uncertainty, a new project, Remittix (RTX), is projected to surge by as high as 1280% in Q1 of 2025. Driven by a fantastic ecosystem, Remittix is designed to reinvent the $190 trillion global cross-border payment market, promising users faster and instant crypto-to-fiat conversion at the cheapest fee.
Shiba Inu Price Drops, Is There Hope for Resurgence?
The Ethereum-based meme coin Shiba Inu has declined significantly in the past week. As per CoinMarketCap data, the Shiba Inu crypto has dropped below the crucial $0.000025 support zone. Data from Shibburn, the on-chain tracker, shows that the Shiba Inu token burn rate has fallen by 88% in the past 24 hours.
The technical analysis from Tradingview suggests a further drop as both the moving averages and oscillator indicators flash a sell signal. However, Zuri, an analyst on X, claims that Shiba Inu’s price is consolidating at its support zone. If the altcoin rebounds, Zuri projects a retest of the $0.000032 mark.
However, another analyst, Erik thinks SHIB’s price needs to maintain the $0.00001904 support zone to witness a rebound. In the Shiba Inu price prediction, Erik projects a rise to $0.000045 in case of a rebound. The RSI in the 1D timeframe is 39, a signal that the Shiba Inu token is in the oversold territory. Adding to the rising Shiba Inu trading volume, a resurgence could be on the way.
Remittix (RTX) Token Projected for Massive Rallies in January
Although meme coins have led the market rallies of the past months, market watchers think that Remittix (RTX) could be the next big player in the DeFi industry. With cross-border payment projected to hit $250 trillion in 2027, Remittix is developing a platform that allows for seamless conversion of cryptos to fiat, allowing users to send fiat to any supported bank at no hidden charges.
In essence, what you send is what you receive. The Remittix platform thrives on simplicity. This means the recipient of the fiat currency is unlikely to notice that the transaction originated as a crypto payment. The platform supports over 50 crypto pairs and more than 30 fiat currencies, making it easier for users and businesses to utilize the platform.
Businesses can utilize the Remittix Pay API to accept cryptos as a form of payment from their customers and settle transactions in fiat to a supported bank. At Remittix, all transactions are stored in a public ledger, making them easier to trace. These innovative features and the robust security architecture could make it quickly become the standard for cross-border payments.
Given these massive features and the market size it is about to break into, demand for the native token RTX could surge in the coming weeks. Sold for just $0.0167, now might be the best time to buy the altcoin, which is already projected to surge by 50x before the end of the 2025. Market observers think the RTX token can surge by over 1200% in the first quarter of 2025 alone. .
Shiba Inu vs Remittix, the Best Altcoin To Buy Now
Although the Shiba Inu token has witnessed massive growth in the year, the chances of further rallies are slim. With the meme coin market facing the bears, the best altcoin to buy now is Remittix. Outside of the robust features, the DeFi project is opening up the lucrative cross-border payment industry which is yet to reach its full potential.
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