Following the bullish trend in the crypto market in May, crypto prices are starting June in bearish territory. Bitcoin and virtually all altcoins have been hit by a market correction, with meme coins like Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe Coin (PEPE) among the biggest losers in the past week. The fall in these coins’ prices has caused uncertainty among meme coin investors.
Consequently, these traders and experts are tipping a new Ethereum-based token called Remittix (RTX) for the biggest gains this year despite being on presale. With over $15.4 million raised during the presale, let’s find out why investors have been bullish on RTX.
Remittix is set to be the boss of altcoins in 2025
The Remittix project is fast becoming the biggest crypto project on presale this year. Within a few months of launching its initial coin offering (ICO), Remittix has raised over $15.5 million. The strong demand for Remittix highlights investors’ belief in the project and what it promises, especially in the Payment Finance (PayFi) space.
For context, Remittix is changing the narrative in the global payment sector, allowing users to send, receive, and spend crypto like their local currencies. With Remittix, you can send crypto to anyone’s bank account directly without going through any conversion stress. Interestingly, there are 30+ fiat currencies to choose from, so remittances, bill payments, and online crypto transactions are a breeze on the Remittix platform.
Additionally, businesses looking to integrate crypto payments into their checkouts don’t need to build from scratch. They can simply leverage the Remittix Pay API to create an instant merchant account and start accepting payments in digital currencies from anywhere.
DOGE chart shows bottom pattern after recent dip
After the initial rally in May, DOGE seems to be in a bear fight in early June. Dogecoin has seen a big chunk of its previous gains eroded, evident in the over 16% decline in the DOGE price in the past week.
The latest DOGE chart and the significant decrease in the DOGE trading volume also suggest a strong bearish sentiment among DOGE investors. DOGE is forming a round bottom pattern, and a fall below $0.20 could take the DOGE price lower.
SHIB price stumbles despite the increase in on-chain holders
Like other top meme coins, the Shiba Inu price has been falling. In the past week, the SHIB price has dipped by over 12%, with the SHIB charts looking bearish. The SHIB transaction volume has also fallen deeply, causing significant selling pressure among investors.
However, loyal SHIB holders are holding their ground, with a 74% concentration by large holders according to data from IntoTheBlock. This could mean SHIB would wake up again, but the current Shiba Inu price movement calls for caution.
PEPE’s demand plunges after market correction
With over an 18% decline in the past week, PEPE has plunged into the red zone after the price reversal that hit the broader crypto market. The correction in the Pepe Coin price has caused the meme coin to fall from a monthly high of $0.000016 to $0.000011.
The PEPE trading volume has also declined, but the current PEPE chart shows the coin’s price is stabilizing, and a reignited bullish sentiment could drive it out of the bearish zone.
Conclusion
Remittix shines through as a viable alternative to meme coins like PEPE, DOGE, and SHIB, and is poised for the biggest gains this year. Buy RTX now for $0.0781 before it explodes.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
