Traders Look to Remittix (RTX) as Gains Become Hard to Find, SHIB & FLOKI See Continued Capitulation

The meme coin market has been under stress, with Shiba Inu (SHIB) and FLOKI finding it hard to keep up the momentum. Users seek newer tokens with intrinsic value and consistent long-term growth potential in this uncertain situation. 

One newer name that is gaining traction is Remittix, a cross-border payments solution with record-shattering presale numbers and a real-world use case. 

Here, we discuss SHIB’s and FLOKI’s recent performance before considering how Remittix might be changing DeFi for users wary of speculative volatility.

Shiba Inu (SHIB): Exchange Supply Falls, But Will It Matter?

Shiba Inu’s supply on exchanges has fallen to a record low since April 2021. It now stands at 106.96 trillion, down from 141.26 trillion at the beginning of the year. 

Such a decline ought to reduce selling pressure, but SHIB has yet to mount the price rally that owners desire. In the last 30 days, it has fallen by about 17%, reflecting a wider liquidity squeeze in the market.

On-chain metrics point to SHIB’s key support lingering at $0.000012, supported by over 19 trillion tokens. With fewer tokens on exchanges, there is room for a bounce to $0.000015—especially if bullish signals such as a positive MACD crossover continue to build up momentum. 

However, the inability to break resistance at $0.000015 or a drop below $0.000011 would see the token dropping to its 2023 lows of around $0.000006, which has most worried due to meme coin fatigue.

FLOKI: Traders Defend Key Support, But Uncertainty Reigns

FLOKI is no different, having met intense interest in the region of $0.00007000–$0.00007100. This area has historically provided a firm foundation during dips, encouraging traders to come in. If this fails, the closest support is around $0.00006800, where continued selling may gather pace.

On the upside, FLOKI’s initial resistance lies in waiting at $0.00007400–$0.00007500. A break above this zone might stir the market, with $0.00007650 being its next barrier. 

Short-term moving averages, like the 50-day SMA, are hovering near current levels, indicating recent selling pressure has cost momentum a great deal. Until FLOKI stages a meaningful break above these resistance zones—or experiences a bullish crossover with the 200-day SMA—traders remain wary.

Remittix: The DeFi Token That’s Changing the Narrative

While SHIB and FLOKI find it challenging to regain confidence, Remittix (RTX) is a disruptor in DeFi waiting to happen. With its emphasis on cross-border payments—a $190 trillion market—Remittix has set out to reduce transfer time from days to hours using blockchain rails.

Its presale statistics are staggering: over 517 million tokens were sold, over $13.7 million was raised, and early holders made 1000%-plus returns despite a general market fall.

Remittix is priced at only $0.0734, impressing with an instant crypto-to-fiat conversion flow and no hidden costs. It allows users to send money directly to bank accounts worldwide, avoiding wire delays and massive fees. Remittix welcomes 40+ cryptos, making it convenient for freelancers, migrant workers, and e-commerce merchants needing speedier, less expensive transfers. 

Companies are impressed with the Remittix Pay API, allowing them to accept crypto payments with fiat settlement. All transactions are recorded in an open register, providing greater transparency and reducing the possibility of manipulation risks.

Most analysts anticipate Remittix presale momentum continuing through March, with some even calling for an additional 200% run-up. By addressing a real-world issue instead of depending on meme-driven hype, RTX can potentially influence traders starving for utility-driven projects.

If adoption continues to increase, Remittix can outperform older DeFi tokens with no clear real-world use case.

Shifting Focus to Solutions

SHIB and FLOKI provide speculative appeal but also demonstrate the meme coin sector’s susceptibility to shifts in sentiment. Shiba Inu’s declining exchange supply indicates possible price stability, yet it has failed to stem continued capitulation.

FLOKI also has a tenuous support level, and any collapse to the downside may cause it to fall further. Both tokens can recover if overall market conditions pick up, yet their structural weaknesses remain on display.

Enter Remittix, which focuses DeFi ideals into something more tangible than viral hype. By tackling the inefficiencies of cross-border, it steers clear of the trap of fleeting meme coin mania. If Remittix continues to grow its user base and forge lasting partnerships, it could be a beacon for users wary of hype and seeking steady, real-world performance.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

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