This New XRP Rival Is Creating 10x The FOMO Of Peak Shiba Inu and Pepe
Shiba Inu and PEPE have started to show signs of recovery after suffering periods of reduction. Technical indicators reveal that these two popular meme coins have recorded positive price movements, suggesting they are on the verge of parabolic breakouts. Shiba Inu coin aims to break its immediate resistance level at around $0.0000165, while Pepe has formed a falling wedge formation, a bullish reversal pattern.
Amid this growing optimism, Remittix (RTX) has made headlines for its practical use in todays economy. Its PayFi solution converts digital assets to local currencies, depositing funds directly into regular bank accounts. Some compare it to how XRP initially soared by simplifying cross-border transfers but argue its user-friendly design might reach a wider audience.
Pepe Coin Battles To Halt Declines
Recently, PEPEs price has gained on its intraday time frame, which has triggered the formation of a falling wedge in the 4-hour chart. Typically, this is a bullish reversal pattern. However, an analysis of the crypto assets of this time frame reveals that PEPE is not yet ready to break out. This is because its Bull Bear Power (BBP) measures the strength of bulls (buyers) compared to bears (sellers).
PEPE/USD 4-hour chart | Source: TradingView
Bulls could have the upper hand when the BBP reading is positive and prices can increase. In this instance, the BBP on the PEPE price chart is negative, suggesting that the buying pressure is not dominant. Therefore, the meme coin could find it challenging to rise above the upper trendline of the wedge. If this is the case, Pepe Coins value could remain stagnant within the falling channel.
Furthermore, it has also formed a rounding top pattern on the daily chart, which usually indicates a potential end to an uptrend. The meme coin has slipped below the $0.0000090 support as buying pressure remains weak. The PEPE token might continue to trade sideways if this remains the same. However, if the selling pressure increases, the tokens value could decline to $0.0000065.
Shiba Inu Breaks The Resistance
The most recent price action reveals that the Shiba Inu token has attempted to break the key resistance at $0.00000165. if it manages to close above this level with massive volume support, the meme coin could stage parabolic rallies toward more ambitious targets. If the breakout is confirmed, the SHIB coin could attract greater investor interest and record a massive increase in the short term.
Shiba Inu price chart | Source: CoinMarketCap
The recent attempt to break from the bearish trendline might signal a possible trend reversal. However, for the price of Shiba Inu to regain bullish momentum, its trading volume needs to skyrocket. An increase in demand could push SHIB tokens beyond critical levels and confirm the resumption of the bull trend.
The next few weeks will be crucial to determine Shiba Inu's next big move. If the Shiba Inu surpasses the key resistance, it could stage the possibility of a bullish reversal. With a stable market capitalization and strong support community, SHIB could experience growth in the coming weeks, but trading volume and confirmation of the technical breakout will be determining factors.
Remittix (RTX): A Practical Path to 1000x?
While Pepe and Shiba Inu battle to halt declines, Remittix (RTX) has quickly gained ground in the market. Priced at just $0.0694, Remittix has already raised over $13 million in its presale, with more than 508 million tokens sold. Unlike speculative projects, Remittix addresses a multi-trillion-dollar remittance market. Its unique PayFi solution converts crypto-to-fiat instantly, depositing local currency in users bank accounts.
Whether a freelancer in Mexico requires payment from a European client or a small business in Kenya ordering supplies in China, Remittix aims to lower hefty fees and longer processing times tied to traditional banking. By eliminating challenges for everyday people and businesses, the platform offers a direct, global utility that many crypto assets struggle to match.
Since remittances are a massive, real-world market with consistent demand, RTXs appeal grows beyond crypto enthusiasts. If adoption snowballs among e-commerce merchants, freelancers, or families sending money home, industry insiders believe Remittix might outpace other presales on sheer user volume.
Security measures like an audited contract and locked liquidity also reassure buyers wary of scams. If the DeFi token secures widespread partnership, a 1000x run by 2025 may not be outlandish. After all, crypto assets that address real problems like XRP once did often see the most significant long-term gains.
Remittix Takes The Crown Away From PEPE & SHIB for 1000x Potential
Though Shiba Inu and Pepe Coin each hold promise since they are on the verge of a breakout, they face unfavorable market conditions that might cap their upside. Remittix (RTX), by contrast, offers real utility and dives straight into a daily financial challenge cross-border payments that affect billions worldwide.
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Text source: Crypto Daily™
