The meme coin space is preparing for a spike to start the year’s profits. Specifically, the top meme coins, Dogecoin and Shiba Inu, are showing signs of recovery and it’s only a matter of time before they spike.
Meanwhile, somewhere else in the DeFi sector, a new project is preparing a new challenge for the Dogecoin price. The platform is bridging traditional financial methods with DeFi and its use cases are drawing in traders from all over the sector.
We have more on the new DeFi coin and its plans to compete with the top memes.
The average meme coin is an unpredictable investment and the DOGE token is leading the pack in this regard. Its price bobbed in profit-and-loss zones in the past, eventually trading at $0.1913, with a 5.63% weekly loss.
And the reason for the constant bounce was not far-fetched. The Dogecoin price has once again closely followed the movements on Bitcoin’s price charts. BTC has fallen due to changes in governmental policies and the Dogecoin price inadvertently followed suit.
Still, about 2 billion DOGE tokens were exchanged in the past two days and analysts have noted that the high activity could signal potential for a massive spike. With whales already in action, even a declining Dogecoin could be one of the top cryptos to buy this time.
The SHIB token has been in the lukewarm zone for the past few months, as nothing impressive has occurred on the Shiba Inu price charts. Lately, some developments seem to be changing the narrative for Shiba Inu price predictions, at least for the short term.
It’s the usual suspect for a SHIB spike, too, as the token burn rates have again rocketed in the past week. A reported 3200% boost in the token burning on Shiba Inu has triggered some positive reviews from analysts, some are even inclined to a 50% rally on the SHIB charts soon.
Shiba Inu is expected to hold at its $0.000013 support level and even though it’s trading slightly below that, there’s positive sentiment that it could reach $0.000020 in the coming week.
At any rate, the new DeFi project Remittix (RTX) is on track to compete with the meme coins for users. And the new token is winning.
Various DeFi projects have tried to finish bridging conventional financial systems with the DeFi space. We’ve had successes like Ripple and Stellar, but none have come as close as the new Remittix to solving the issue at the trader level.
The Remittix project enables users to send their crypto assets directly into fiat bank accounts without accruing bank charges or charges on their respective blockchains. For example, users can pay for pizza or school fees or send money to family abroad through Remittix and no one will ever know it all started on a cryptocurrency blockchain.
The process? It’s a straightforward interaction with the Remittix API. The user enters the details of the recipient fiat account along with the amount of crypto you intend to transfer.
Here, you already see the network fees charged for that transaction. Once sent, the smart contract liquidates the crypto assets sent into the relevant fiat currency (regardless of country) and completes the transaction in the recipient account.
The regulations around the usage and trade of cryptocurrency around the globe are already being relaxed. Remittix is every crypto user’s opportunity to liquidate crypto assets into fiat at drastically reduced transaction fees and maximum security.
The RTX tokens are about to become the most in-demand crypto tokens in the crypto market. The use case allows crypto traders to get their crypto assets into fiat accounts efficiently, not just financial institutions.
Already, the presale has raised $13.7 million, indicating massive adoption among traders. Now’s the next best time to invest in Remittix; each token sells at $0.0734 and they only get more expensive from here.
Join the future of PayFi with Remittix:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses.
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