Shiba Inu and Dogecoin holders are moving their investments to Remittix’s exciting new ICO, hoping for big returns. As Remittix offers a unique solution for fast, low-cost global payments using blockchain technology, many crypto enthusiasts believe it could see major growth. With predictions of up to 20x gains, investors are flocking to this promising presale token, looking for the best coin to invest today.
Shiba Inu Struggles as Shibarium TVL Declines
Particularly in relation to other well-known meme currencies, Shiba Inu’s (SHIB) pricing has been underperforming recently. This may be explained in part by declining Shibarium’s transaction fees and total value locked (TVL). Though its TVL has declined dramatically, Shibarium remains a fundamental component of the Shiba Inu ecology. Shibarium’s TVL in December was $6.27 million; by January 16 it had dropped to barely $3.65 million.
The Shiba Inu environment is suffering from reductions in a few other areas as well. Over 20% of value has been lost on other sites such WoofSwap, ChewySwap, and Marswap; ShibaSwap’s TVL has declined by 18% in the last thirty days. Another alarming indication is that Shibarium has handled over 800 million transactions however the fees collected have dropped. This influences the general supply and price as well as the quantity of BONE tokens that are burnt into SHIB.
Some investors are searching for substitutes when the Shiba Inu price suffers, including Virtuals Protocol (VIRTUAL). But the major reason SHIB is underperformance is Shibarium’s continuous declining performance; so, it is still unknown if Virtual Protocol would be a safer investment in this erratic market.
Dogecoin Faces Bearish Sentiment as Price Declines and Funding Rate Turns Negative
Recently suffering and displaying a negative market attitude, dogecoin (DOGE) has been Measurement of traders’ expectations, the financing rate has become negative. More traders are speculating that the price of DOGE will drop rather than rise. Usually, traders are expecting the price will climb when the financing rate is positive. Given the negative financing rate, however, it implies that many think DOGE will keep declining.
DOGE’s price has plummeted by 20% since December 14, despite expectations that it may climb given political events like Donald Trump’s triumph and Elon Musk’s engagement. From $0.15 to $0.47 in November and December, DOGE showed a notable surge in prior performance. This inspired hope; unfortunately, the current decline has sapped that hope.
Furthermore indicating that DOGE can drop considerably further, Dogecoin’s price has dropped below significant technical levels like the 20 and 50-day exponential moving averages (EMAs). These indicators indicate that traders are becoming increasingly wary and that, unless anything happens in the market, the price may keep faltering.
Remittix (RTX) Is The Future of Fast, Low-Cost Global Payments
Remittix (RTX) is changing the way global payments work by blending blockchain technology with traditional fiat transactions. This makes sending money across borders faster and cheaper. It supports about forty cryptocurrencies, including Ethereum, Cardano, Shiba Inu, and Dogecoin. Individuals may transfer their crypto straight to a bank account after fast converting it into fiat money, such USD and GBP.
Remittix links two worlds: crypto and fiat unlike traditional payment businesses like Stripe and Wise or crypto-only platforms like Coinbase Wallet. Remittix provides a broad spectrum of options for both companies and people with support for over 30 fiat currencies and more than 50 crypto pairings, therefore simplifying international transfers.
One thing that makes Remittix stand out is its open flat-fee system. Unlike regular banks that often charge hidden fees and bad exchange rates, Remittix ensures that the full amount sent reaches the recipient. This transparency and cost-effectiveness are transforming the payments industry.
Currently, during its presale, the RTX token is priced at $0.0221, offering a unique investment opportunity. Experts believe that it could grow by up to 25 times during the presale and see a rise of over 5,000% after launch. For anyone looking for the best coins to buy now, Remittix is definitely a top contender. The RTX token is one of the best coins to invest today, as it’s expected to grow alongside the increasing demand for cross-border payment solutions.
Discover the future of PayFi with Remittix by checking out their presale here:
Website:https://remittix.io/
Socials: https://linktr.ee/remittix
Source: https://www.cryptopolitan.com/shiba-inu-and-doge-holders-migrate-to-remittixs-multi-million-dollar-ico-in-search-of-20x-gains/