Cryptocurrencies can be incredibly volatile. However, there are still many tokens out there that are stable and attract more traders. PEPE is a long-term bullish coin with a sloppy price action in the short-term. Similarly, traders are optimistic about SHIB’s upward trend.
While the market is sort of confused, Remittix (RTX) is shocking the DeFi space. It just had its impressive presale, which proved to be a success regardless of the market’s overall conditions. Let’s take a look at these three coins in detail.Â
PEPE: Bearish Trend But Potential for a Rebound
PEPE coin currently has a lot of selling pressure. It is trading at a price of $0.0000071. If we look at its 24-hour trading volume, it is consistent around $78.9 million. This shows that despite having a bearish outlook, the coin has major demand in the market. The technicals are pointing to an upwards rally in the near future.
However, major moving averages are giving negative signals. The 50-day SMA stands at $0.00001195, while the 200-day SMA is at $0.00001355 both pointing downwards. If PEPE doesn’t maintain the support at $0.000007 support, a downward rally may begin.
But if the market does stabilize, meme coins recover rapidly, and longer-term forecasts have PEPE increasing as much as $0.0313 by 2031. The direction of the meme coin from here is largely dependent on community involvement and periodic instances of speculation that can drive prices higher.
SHIB: Breaking a Downtrend, Eyeing Key Resistance
Shiba Inu (SHIB) is higher by approximately 4.56%, breaking a local downtrend line and trading at around $0.00001354. The breakout is an indication of a possible change in sentiment, which is supported by RSI levels above 50 and higher volume.
The immediate significant resistance is the 50-day EMA at around $0.0000142, whose violation can trigger further upside towards the 100 EMA and the psychologically key $0.0000160 area.
SHIB’s on-chain metrics have also been controversial, with a 5.54 trillion SHIB large holder outflow on March 20. Whale transactions have also preceded notable price action in the past.
Nevertheless, it remains below the 200 EMA on larger time frames, so the larger picture trend is yet to convincingly turn bullish. Caution and patience may be warranted as SHIB tries to consolidate its recent gains.
Remittix (RTX): Shattering Presale Records
Meme coins like PEPE and SHIB are typically in the news for their volatility, but Remittix (RTX) has been rising consistently because it has a real-world use case. The token sold over 522 million coins in its presale and generated over $14 million.
It was originally sold at $0.0734, and early investors have seen over 1000% profit, which is impressive in a bearish market.
Remittix offers a game-changing cross-border payments platform. More than 40 cryptos are converted to fiat and transferred worldwide instantly without hidden fees, cutting the typical bank lag time from days to hours.
By leveraging local payment rails and blockchain technology, it rejuvenates a $190 trillion remittance market that is infamous for slow speed and high costs.
The platform boasts robust security features that record transactions in a public manner, thereby reducing the possibilities of cheating or fraud. For merchants, Remittix offers a pay API that simplifies the process of accepting crypto payments and exchanging them for ordinary money.
Analysts project prices to increase by 200% next month, an indication of the project’s positive growth and useful, well-defined objectives. As investors hunt for tokens with practical applications rather than speculation, RTX appears to be what they need.
Where the Momentum May Lead
All three projects demonstrate the constantly changing landscape of crypto. Meme coins can spike or collapse spectacularly depending on community enthusiasm, whereas a more utility-focused platform like Remittix can succeed by addressing long-standing market inefficiencies.
Traders might consider monitoring events closely especially if larger market catalysts, such as regulatory developments or macroeconomic trends, push the wider sector back toward bullishness.
Discover the future of PayFi with Remittix by checking out their presale here:
Website:https://remittix.io/
Socials: https://linktr.ee/remittix
