Shiba Inu holders explore a rising altcoin gaining attention

Shiba Inu faces continued losses, prompting investors to explore new options; meanwhile, Remittix has gained attention as a rising PayFi project.

Shiba Inu (SHIB) has now posted losses on the monthly, weekly, and daily timeframes, causing some weary holders to sell up shop. Meanwhile, Remittix (RTX), a utility-focused project, gains major traction during its presale. This PayFi protocol has been engineered to tackle inefficiencies in the global payments space, streamlining transactions, cutting costs, and reducing delays.

Shiba Inu posts 3% loss in 24 hours 

Shiba Inu isn’t looking too hot right now. Sitting at $0.00001813, down 3% today and almost 50% from its December peak, it’s been clinging to a long-term support level, but if it slips below, things could get ugly, possibly dropping to $0.000015 or lower.

Technicals aren’t doing Shiba Inu any favors either. The RSI is stuck in oversold territory, meaning buyers just aren’t stepping up. Plus, that $0.00002045 resistance is like a brick wall, every time Shiba Inu tries to break through, it gets smacked back down.

Even the famous burn strategy isn’t working. Despite an insane 4,100% burn rate increase, the price keeps dipping, showing that supply cuts alone won’t save Shiba Inu. Unless sentiment shifts or a major catalyst appears, Shiba Inu could be in for more pain before any real recovery.

Remittix changes the game for global payments 

Bringing together the best of blockchain technology and the stability of traditional banking systems, Remittix is changing cross-border transactions. It lets users change more than 40 cryptocurrencies to FIAT and transfer funds to bank accounts all across the globe. Unlike legacy systems plagued by hidden fees and delays, Remittix provides fast, 24-hour transfers and a transparent flat-fee structure​.

Merchants can benefit greatly from the Remittix Pay API, allowing them to receive cryptocurrency payments and settle in FIAT. This is a game changer when it comes to effectively managing digital and traditional assets. Also on offer are merchant accounts whereby companies can control their crypto-to-FIAT conversions across 30 FIAT currencies and 50+ cryptocurrency pairs.

Privacy and security are strong focuses for Remittix. Transactions processed through the platform appear as traditional bank transfers to recipients, concealing any connection to cryptocurrencies. This feature has been particularly well-received by users who value blockchain technology but prefer discretion in their financial activities​.

At the center of Remittix’s ecosystem is its native token, RTX. This token supports staking, governance, and platform rewards, adding additional layers of utility for both investors and users. The native token also gives investors the ability to share in Remittix’s future successes. 

Remittix soars in presale, flying past $10m raised

Remittix’s presale is underway, having surpassed $10 million as it continues to gain traction. RTX tokens are on offer to proactive investors at a price of $0.0498 and analysts predict an 800% price surge by the end of the presale with a huge rally to follow the launch. For those who want to push the boundaries of PayFi, this market disruptor is not a project to sleep on in 2025. 

To learn more about Remittix, visit the website and its socials.