Cryptocurrency has seen a change in fortune in recent days with Bitcoin closing on its all-time high. Solana is also on an impressive run of 18% as with other major coins like Binance Chain (BNB).
Meanwhile, this move has not translated to Shiba Inu and Dogecoin as both are down by 4.3% and 1.2% respectively in the last 24 hours. With their poor outings in recent days, analysts predict RTX, the utility token of Remittix RMX, could overtake them in price action in 2025 as it revolutionizes the $190 trillion cross-border payments market.
SHIB Downtrodden In the Past Week
Following the recent market volatility in the past week that saw Bitcoin dipping to $98k region, Shib has yet to recover, unlike many altcoins. This memecoin, once dubbed the Dogecoin’s killer, is facing a 4.6% loss in the last day, currently trading at $0.000022. Its weekly gain of 0.8% could not overshadow the fortnight’s loss of 8.6%. In all, the last month has been critical for the token, recording a paltry 0.4% gain in the period.
Looking at the factors contributing to this situation, analysts pointed to Shiba Inu’s (SHIB) oversupply and low token burns compared to other blockchains. However, in the latter part of 2024 the token’s update could be critical to change its bearish trend. The developer team made several refinements to Shibarium, ramping up the network’s scalability and transaction efficiency, while also introducing staking opportunities for Shiba Inu holders.
How these updates will pan out for the token remains bleak as this continuous poor outing is leaving investors with no choice than to seek a promising coin. Consequently, the future price trajectory of SHIB will likely be influenced by broader market sentiments.
Could Dogecoin Continue Its Impressive Weekly Run?
With a 16.3% rise in the past week, Dogecoin’s holders are looking for a stronger performance this week. On Friday, Dogecoin surged by 6.9%, pushing its price firmly above the $0.40 mark. However, the token has dipped a bit, currently trading at $0.39, a 2% loss in the last 24 hours.
Traders are looking for the next upward momentum in Dogecoin’s price after its past week’s movement. CoinCodex has released an audacious forecast for DOGE, forecasting the token could reach $0.82 by April 2025, a 174% increase from its current price.
Several factors are driving this bullish sentiment, including the broader cryptocurrency market seeing an upswing. Additionally, Elon Musk’s endorsement and involvement with the Dogecoin Commission could bring even more attention and support to the asset. Also, Donald Trump’s expectations to implement pro-crypto policies could provide favorableconditions for Dogecoin’s growth. But whether Doge will reach this price prediction remains uncertain.
Will Remittix Surpass SHIB and Dogecoin?
With Remittix changing how international payments work by combining blockchain technology with traditional money systems, it’s not hard to see why experts predict its native token, RTX, will surpass Shib and Dogecoin. Remittix’s platform supports over 40 cryptocurrencies, allowing users to easily convert digital currencies like Bitcoin into fiat currencies such as USD and EUR. This creates a faster, cheaper alternative to traditional systems like SWIFT, which are often slow and expensive.
Remittix stands out mostly for its open pricing. Remittix guarantees the recipient gets exactly what was sent by using a flat fee approach unlike other providers that include hidden charges. People and companies who wish for dependability and clarity in their transactions would notably benefit from this.
For businesses, Remittix (RTX) presents a useful alternative for companies looking at global payroll. Businesses can pay staff members cryptocurrency; the platform converts that into fiat and deposits it straight into staff bank accounts. This simplifies worldwide operations, lowers transaction costs, and eliminates the complexities of conventional cross-border payments.
Another critical factor driving investors to Remittix is security and user control factors. Eliminating outside participation allows the platform to provide consumers with complete transaction control. Furthermore, guaranteeing a safe and dependable system are audits conducted by reputable companies such as Solidproof and BlockSAFU. The team has frozen its tokens for three years to show its dedication to long-term stability and establish confidence.
Talking about the RTX token and why its price would outperform Shib and Dogecoin, the coin in its ongoing token presale, has generated over $3.85 million. This means over 2 million of the token is sold, with a unit price currently at $0.0221. Given its limited 1.5 billion coin supply, RTX appeals to driven traders. By 2025, experts estimate its value might explode and provide up to 100x returns.
Investors that have keyed on this project have seen over 100%. Meanwhile, the token is set to increase in its presale price ahead of listing, providing anyone buying at this rate a 200% surge ahead of listing. As such, Remittix’s ecosystem presents an excellent approach for everyone to welcome the future of world transactions.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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