Following the liquidation that occurred over the past 24 hours, investors are reassessing their investments while the market continues to recover. During the liquidation, meme coins were hit and tokens like DOGE and SHIB bore the brunt.
This liquidation has further reinforced the ongoing diversification from meme coins to utility-focused projects, which appear to be less affected by the market volatility. While Shiba Inu price predictions still forecasts that the token is set to deliver high gains, investors are diversifying into utility-driven projects.
Amidst the utility projects, a PayFi solution, Remittix (RTX), continues to take centre stage. Let’s take a closer look at the Shiba Inu price prediction and why Remittix is taking the centre stage.
Shiba Inu Price Prediction: What The Metrics Say?
Recent Shiba Inu price predictions from various analysts forecast the token to reach $0.00003 by the end of December. However, the chart appears to suggest the opposite.
SHIB is currently trading at $0.000012, with support holding as the burn rate has surged by 112.47%. An increasing burn rate signals a bullish momentum for Shiba Inu. However, SHIB is trading sideways, with an RSI of 41.03, a massive burn rate spike, and ETF speculation which continues to create mixed sentiment for investors.
Shiba Inu is a typical meme coin with no utility, which means it thrives on speculation and hype. With declining interest in meme coins and SHIB’s massive market cap, it can only offer moderate gains unless meme coin interest returns.
Why Remittix (RTX) Is Taking Over With Its 50x Potential
Remittix (RTX) is a PayFi platform built on the Ethereum blockchain, providing seamless cross-border crypto-to-fiat transactions in over 30 countries and supporting more than 40 cryptocurrencies.
The project is bridging a $19 trillion payment gap between traditional payment systems and cryptocurrency. It has a business API that freelancers, marketplaces, and SMEs can use to receive payments.
It offers numerous earning opportunities for its users. Users can earn a 15% reward for referring a new buyer to the presale (15% of the referral purchase back in USDT).
Remittix highlights:
- Designed for both crypto natives and non-crypto users, it can be used by business owners, freelancers, and remitters.
- The remittix team is now verified by CertiK, the #1 blockchain security firm. RTX is ranked #1 on CertiK for pre-launch Token.
- Beta testing for the Remittix wallet is now live, with community users actively testing it.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.
