Where Should You Invest That $1000? Remittix or Shiba Inu?

The crypto market’s volatility has made it both enticing and nerve-wracking for newcomers and seasoned traders alike.

Meme tokens such as Shiba Inu continue to rule the roost with their hype fueled by communities, while a new batch of DeFi tokens comes onto the scene with real use cases and consistent returns.

Choosing where to invest your hard-earned $1000 is a difficult decision. Today, we look into the future of Shiba Inu and compare it with Remittix, a new project that aims to revolutionize traditional remittances.

Shiba Inu: Eager Bulls Fighting a Death Cross

Shiba Inu (SHIB) just recorded a 3% price increase, hitting $0.00001310 on CoinMarketCap. Although some consider this an indication of returning strength, there remains concern because of the token’s continuing death cross when its 50-day Moving Average falls beneath the 200-day Moving Average.

That pattern is usually a sign of persisting bearish pressure, and SHIB’s limited rally has accomplished little to negate that.

Trading volume is also lower by more than 26% to approximately $206 million in the past 24 hours, indicating fewer transactions from investors. To see SHIB’s price distance itself from its death cross dip, healthy volume and ecosystem support would be necessary.

As Shiba Inu attempts to shake off its meme coin origins and develop a Web3 ecosystem, many investors still perceive it as largely a meme-based token.

So, putting $1000 into Shiba Inu largely depends on your risk tolerance. If meme coin hysteria returns, you could potentially win. But expectations of long-term adoption or lasting price support are dubious, particularly with the broader market’s conservatism right now.

Remittix: DeFi Utility Aiming to Redefine Remittances

Remittix is a more functional project in the midst of the hyped meme coins flying around. The project is taking on the behemoth $190 trillion cross-border payment industry with the aim of revolutionizing sluggish and costly money transfers.

As opposed to speculation-tokens, Remittix’s presale success, more than 516 million tokens sold and $13.6 million raised, signals that there is demand for tokens that have real-world utility.

One of the key selling points is Remittix’s PayFi architecture. Clients can convert over 40 cryptos to fiat and then deposit smoothly into bank accounts worldwide in less time than it would take in traditional finance.

This setup is ideal for freelancers, migrant workers and businesses that depend on fast, low-fee transfers. The Remittix pay API also allows merchants to accept crypto and settle in fiat, providing maximum convenience to buyer and seller.

Early adopter investors who purchased at $0.0734 have enjoyed quadruple-digit gains and analysts are calling for another 200% surge in the near future. If Remittix’s model keeps gaining users, it could pose a threat to established tokens that lack any real-world use case outside of trading.

Should You Allocate Your $1000 to Meme Hype or Practical DeFi?

The decision between Remittix and Shiba Inu frequently comes down to risk appetite and confidence in either meme-driven pumps or practical real-world use cases. Shiba Inu has shown that it has the ability to go viral on social media, pumping in price when memes get hot or when the community gets behind it.

However, the current death cross indicates the absence of firm momentum, together with falling trading volume. A $1000 bet on SHIB is a bet on a future wave of meme mania, which might or might not happen.

In contrast, Remittix has a more practical proposition. By addressing cross-border payments, a pain point for tens of millions, Remittix grounds its value in a visible market need. The presale success and sustained demand for the token illustrate the project’s perceived stability, despite volatile markets.

Though no crypto is completely risk-free, Remittix’s locked liquidity, real-world use cases and visible architecture distinguish it in the eyes of many DeFi investors.

Discover the future of PayFi with Remittix by checking out their presale here:

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.