Traders Look to Remittix (RTX) as Gains Become Hard to Find, SHIB & FLOKI See Continued Capitulation
The post Traders Look to Remittix (RTX) as Gains Become Hard to Find, SHIB & FLOKI See Continued Capitulation appeared on BitcoinEthereumNews.com.
Advertisement     Disclaimer: The below article is sponsored, and the views in it do not represent those of ZyCrypto. Readers should conduct independent research before taking any actions related to the project mentioned in this piece. This article should not be regarded as investment advice. 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. Advertisement   Such a decline should reduce selling pressure, but SHIB has yet to mount the price rally 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…
Filed under: News - @ March 9, 2025 1:11 pm