Remittix
Shiba Inu has struggled lately, with its price down more than 50% from last year's highs. Despite milestones like Shibarium surpassing one billion transactions, investor confidence remains shaky.
With whales offloading holdings and burn rates dropping, traders are now wondering whether SHIB still has room to run or if it's time to look elsewhere. As technical indicators flash warning signs, attention is shifting fast to a new rising token backed by real-world use.
Shiba Inu price has found itself in a tricky position. Even after the much-hyped Shibarium milestone of crossing 1 billion transactions, SHIB hasn't been able to translate that momentum into price gains.
Currently hovering around $0.00001124, the token has shed over 12% in just the past week and remains down more than 50% year-on-year. The bullish optimism that usually comes with rising adoption just isn't showing up on the charts at least not yet.
On-chain data reveals some concerning trends. More than 60% of current SHIB holders are still underwater, and the once-anticipated burn mechanism is starting to underwhelm. With just 37.6 million tokens burned in the last 24 hours, a sharp 60% decline from the day before it's becoming harder to make the case for deflationary pressure making an immediate impact. Meanwhile, trading volume has dropped by 12% in 24 hours, suggesting that retail interest might be fading.
Large holders still dominate SHIB's tokenomics, controlling roughly 74% of the supply. That concentration often translates into erratic price moves and makes it difficult to predict a clean breakout.
Technically, Shiba Inu price did show a minor push off an ascending trendline in the 5-minute chart, spiking toward resistance at $0.00001180 before sliding back into the $0.00001149 range. The $0.00001080 level has shown signs of support, which could act as a short-term floor.
For now, SHIB seems trapped between hesitant buying interest and weak bullish momentum. Until the price can reclaim and hold above $0.00001180 with strong volume, most analysts suggest keeping expectations in check.
A breakout isn't out of the question, but neither is a further correction. Investors asking whether to buy SHIB now or wait may want to watch for a definitive move above key resistance levels before diving in. For smart investors looking to maximize gains, the right opportunity seems to be unveiling itself in a new token.
While Shiba Inu's outlook remains clouded by hesitation, a fresh contender is winning over retail and whale investors alike. Remittix (RTX), priced at just $0.0757, has turned heads with over $14.4 million raised in its presale and more than 526 million tokens already sold.
While SHIB has experienced price stagnation in recent times, Remittix is quickly making a name in real-world utility. It aims to address the problems of a $190 trillion industry by offering near-instant crypto-to-fiat conversion across 40+ digital assets.
Its simplicity is key. A lightweight API allows businesses to accept crypto and receive fiat without the usual hurdles. Retailers, freelancers and migrant workers can skip long processing delays and avoid bank fees altogether.
Transactions finalize in under an hour and the flat-fee system removes hidden costs that plague traditional transfers. Through its on-chain transparency and liquidity locks, Remittix has been able to reinforce investor trust, while the open structure positions Remittix for scalable adoption.
SHIB, meanwhile, is experiencing difficulties with inconsistent burn mechanics and supply centralization. Even with Shibarium in play, many holders are left wondering if real value will follow. That's where Remittix shines. It delivers functionality today, not months down the line. Traders increasingly view it not as a speculative gamble but a payments-focused solution with strong legs.
SHIB holders now face a choice. Wait out a slow grind or pivot to something already gaining traction in global commerce. If momentum keeps building, Remittix may be the breakout altcoin that defines 2025's first half.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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