The meme coin market has witnessed a massive drop in the past weeks, occasioned by the general crypto market’s bearish sentiment. Pepe’s price has dipped amid increasing whale selloff, while Shiba Inu’s token price has dropped significantly from the $0.000032 December high.
However, one altcoin has demonstrated resilience amid the market’s high volatility. The Remittix (RTX) price has surged from $0.015 to $0.0498, ranking among the top-performing presale tokens in the market. Analysts attribute the growing momentum to the cross-border payment solution it is offering, which is designed to allow for seamless crypto-to-fiat transactions.
Pepe Price Prediction – Can the Meme Coin Rebound in February?
Pepe Coin has garnered significant attention in the crypto market recently. However, the Pepe news is not favourable. According to data from Lookonchain, many Pepe whales have sold off their holdings in the past few days, sending shock waves across the Pepe community.
Looking at the market data, Pepe’s price has declined by 31% in the past month with the meme coin price below the $0.000015 support zone. However, the Pepe trading volume has increased by over 18% to $1.18B in the past 24 hours, signalling that a resurgence might happen soon.
Reacting to the recent dip, CryptoJobs thinks that the Pepe token is in a major support zone. As such, a rebound above the $0.000013 mark could trigger an uptrend, which might push the altcoin price above $0.000040. Although the Pepe technical indicators are flashing sell signals, the RSI is 35, suggesting it is oversold. With the rising market volume, a rebound might happen soon.
Can Shiba Inu Price Bounce Back Amid Rising Token Burn Rate?
The Shiba Inu token burn rate has surged by 285% in the past 24 hours with over 2.5M SHIB tokens discarded as per data from Shibburn. This comes as whales resume the accumulation of the meme coin. Lookonchain data shows that a whale accumulated 257.5B SHIB ($4.6M) in the recent crypto market dip, suggesting the high interest in the meme coin.
CoinMarketCap data shows that Shiba Inu trading volume is on an uptrend as the meme coin moves to retest the $0.000020 resistance zone, which was previous support. A push above the mark might see the Shiba Inu crypto price retest the $0.000033 December high.
Crypto analyst Shib Spain thinks that a bounce above $0.000020 could see the meme coin price surge to the $0.000038 mark. Tradingview data shows that Shiba Inu’s Moving Averages are red, but some Oscillator indicators, like the Commodity Channel index, are green. With the RSI at 36 and the Fear and Greed index showing 72 (Greed), Shiba Inu remains one of the top meme coins to watch in Q1.
Why Remittix Will Lead the February Crypto Market Rally
With the rising adoption of cryptocurrency in financial transactions, users have faced one common problem: cross-border transactions. Although the likes of Stripe and Wise have shown interest in crypto, none has offered a solution to the age-long issue. However, Remittix (RTX) is about to solve that through its cross-border payment platform.
At Remittix, users can convert over 40 cryptos into fiat currencies and send them to any approved global bank at no hidden extra charges for FX and wire transfers like traditional banks. This means what you send is what you receive. Thriving on simplicity, the Remittix platform is designed so that it is difficult for the recipient to notice the transaction originated as a crypto payment.
Businesses can take advantage of the Remittix pay API to receive cryptocurrencies as a form of payment from their customers and settle transactions in FIAT. Notably, Remittix supports over 30 fiat currencies and more than 50 crypto pairs, making it easier for businesses and companies to use the platform to pay their global workers.
As a P2P platform, users have full control over their assets, while all transactions are stored in a public ledger to ensure traceability and transparency. Powering the platform is the RTX token, which has surged by over 600% in the past few weeks. Given the solution it offers, analysts pick it as one of the best altcoins to buy. As such, at $0.0498, now is the best time to accumulate the RTX token.
Why Remittix Will Lead the DeFi Revolution
The DeFi industry is yet to reach its full potential, even with the rising adoption in financial transactions. However, with Remittix about to solve the common DeFi problem of cross-chain transactions, the adoption of DeFi will skyrocket soon, triggering massive rallies for the RTX token. Although the likes of Pepe and Shiba Inu are tipped to grow soon, none might match RTX when it launches. This makes it one of the best DeFi coins to invest in for long-term gains.
You can find more information about Remittix (RTX) here:
Website: Remittix
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