In the last week, the Dogecoin price plunged by 18% to $0.2653 and the Shiba Inu price dropped 18.85% to $0.00001626, leaving both crypto holders disappointed. Meanwhile, a new PayFi crypto that many have dubbed the next XRP has seized the attention of investors with a more value-driven approach.
That rival, Remittix (RTX), recently exceeded $11.6 million in presale funding after selling over 440 million tokens and currently trades at $0.0539. Here is a look into why Dogecoin and Shiba Inu’s market momentum is declining and how Remittix (RTX) draws an influx of investors seeking tangible, long-term crypto utility over short-lived internet buzz.
Will Shiba Inu and Dogecoin Face Further Volatility?
Dogecoin and Shiba Inu flourished based on their playful branding and viral marketing, with each coin delivering staggering profits to investors. Still, analysts note that meme-based coins can struggle when excitement ebbs, especially if there’s no new product introduction or high-profile endorsement. Considering that Dogecoin’s price is down 18% and Shiba Inu’s price is also down by 17% in the last week, it’s evident that the market can be brutally quick to change direction once a project’s newness fades.
Most market participants attribute the fall to the absence of fresh triggers. Dogecoin price once surged thanks to celebrity tweets. However, that spotlight has since dwindled. Despite Shiba Inu introducing ecosystem developments like Shibaswap, Shiba Inu’s price remains vulnerable if the community doesn’t maintain active development or marketing motivations. This harsh reality reasserts the belief that hype alone isn’t enough to deliver stable profits, particularly in a market that’s gotten more selective about which projects to back.
Meanwhile, certain altcoins providing real-life utilities are striding into the limelight, attracting investors away from meme coins with no deeper utility.
Remittix (RTX) Presents Value-Driven PayFi Project
While DOGE and SHIB ecosystem belief plunges, an altcoin called Remittix (RTX) has skyrocketed to over $11.6 million in its ongoing presale, selling over 455 million tokens. Currently valued at $0.0539, $RTX deals with a different kind of user base, those who hope to enjoy lesser transaction fees and connect fiat and crypto seamlessly. Thanks to its focus on cross-border payments instead of comedic branding, some market observers see parallels to XRP, famous for its institutional collaborations and remittance model. Again, Remittix (RTX) flips the script by making the project accessible to everyday people and small businesses, not only big banks.
With Remittix, a remote consultant in Indonesia dealing with various overseas clients can dump slow traditional bank transfers with pricey fees. They can leverage Remittix’s offer of a more straightforward method of receiving crypto-to-fiat payments, converting them to FIAT currency, and bypassing bulky banking procedures. That strategy is particularly beneficial in places with minimal financial infrastructure, allowing freelancers or traveling gig workers to save more of their income.
Helping over a billion unbanked people globally, Remittix (RTX) is well-positioned for enormous growth to outperform the fleeting memes backing dog-inspired tokens.
Remittix Profits from the Market’s New Focus on Real-World Utility
Dogecoin and Shiba Inu battling harsh falls emphasizes an evolving crypto market that pays more respect to tangible utility. While meme coins still keep their cultural charm, several investors now choose tokens with direct problem-solving potential over them. Remittix (RTX), coming off the back of its presale growth, is well-poised to ride this wave of pragmatism, particularly if it continues to attract everyday people fed up with excessive transaction charges.
Ready to take advantage of Remittix (RTX) potential upswing? Check out the presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
