Amidst the market’s bullish momentum, Shiba Inu coin, SHIB, is stealing the spotlight again. During the past 24 hours, Shiba Inu has soared by over 5x.
According to Shibburn data, over 6 million Shiba Inu coins were eliminated from circulation- that level of token destruction reignites talk of scarcity-driven rallies. The SHIB price dropped nearly 1.2% in the past day, outpacing Bitcoin’s 2% drop.
The chart below illustrates the recent spike in burn rates, confirming bullish momentum.
Source: Shibburn
SHIB price is around $0.000013, a 24-hour trading volume of $364.24 million and a market cap of $7.85 billion. The Shiba Inu price prediction sentiment is bearish, while the Fear & Greed Index is 70 (Greed).
While SHIB’s price gives a positive outlook, investors are not impressed; hence, they are looking for smaller-cap tokens with potential like RTX. Why is Remittix (RTX) considered a better option than SHIB? Let’s dissect what the investors are seeing.
SHIB’s Possible Movement Breakdown
Burn rate soared by over 5x in 24 hours, removing roughly 6 million Shiba Inu coins from the market. Derivatives volume surged, alongside open interest, signalling traders are betting on higher prices.
Despite the burn surge, SHIBs price action is unimpressive, with a resistance forming just above $0.000014.
Analysts suggest that if the burn pressure is sustained and on-chain activity increases, SHIB’s price could surge to $0.000016–$0.000018 in the coming weeks. However, a market movement change can invalidate this setup and prediction. Hence, RTX, a utility-driven token, seems a better option.
How Remittix (RTX) is Impressing the Crypto Market
SHIB thrives on meme dynamics; hypes and speculative sentiment, projects like Remittix (RTX) are built for utility, addressing real-life problems.
Remittix introduces a PayFi system where users can send crypto from wallets and recipients get fiat directly into their bank accounts across 30+ countries with 40+ supported cryptocurrencies.
Remittix’s token, RTX, is built for adoption for real-life use. Investors are positioning themselves ahead of launch and a possible 100x.
Remittix (RTX) is drawing investors with these key highlights:
- CertiK audit, locked liquidity for the team, built for trust and transparency.
- A 10x to 50x upside by the end of 2026.
- Called XRP 2.0, set to compete with Ripple’s XRP and Stripe but with broader direct access.
- Solving a real-world $19 trillion payments problem across the globe.
- RTX is a Utility-first token powering real transaction volume
- Working infrastructure, not vaporware.
- Deflationary tokenomics designed for long-term growth, with over 17 million raised
Join the smart investors, buy RTX now!
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
This article is not intended as financial advice. Educational purposes only.
Credit: Source link
