Shiba Inu has slipped 5% this week, leaving traders wondering if this is just a dip or the start of something worse. With volume and burn rates declining, SHIB’s momentum appears to be stalling.
Meanwhile, Remittix (RTX) is catching fire in the crypto space. Its real-world payment utility and rapid presale growth have sparked 100x projections. As meme coins waver, some are pivoting toward practical altcoins that offer more than hype, and Remittix fits the bill.
Futures Open Interest for Shiba Inu Falls Below Key Levels
Shiba Inu is facing renewed pressure as its price slips 5% to around $0.000015, down from this week’s high of $0.00001750. The decline hasn’t come in isolation. CoinMarketCap data reveals that SHIB’s 24-hour trading volume is at $333 million, significantly trailing behind competitors like Dogecoin at $2.8 billion and even newer meme coins like Pepe and Bonk.
Even low-cap coins such as Official Trump and Dogwifhat are now registering higher daily volume, underscoring SHIB’s fading momentum.
This drop in engagement extends beyond spot trading. In the derivatives market, SHIB’s open interest in futures has fallen from a recent high of $272 million on May 11 to just $216 million.
That’s a steep decline considering the level of interest meme tokens like PEPE continue to attract. Low open interest often signals reduced speculative activity, fewer traders placing big bets, and less liquidity flowing into the token.
Another pain point is the sharp dip in SHIB’s burn rate. Just 3.3 million tokens were burned on Sunday, marking a 78% drop compared to earlier. Burns have long been a sentiment booster for the Shiba Inu community, often coinciding with price spikes. This slowdown hints that fewer people are engaged with tokenomics-driven supply cuts, and that’s reflected in the price.
The Shibarium network isn’t helping much, either. Its total value locked (TVL) fell from $3.98 million to $3.41 million in a week, with key dApps like ShibaSwap and K9Finance leaking assets. While SHIB bulls argue that the weekly chart is forming a double bottom at $0.00001076—a pattern known for predicting breakouts—the upside remains theoretical unless sentiment shifts dramatically.
There’s also some technical hope in the form of a developing harmonic XABCD pattern, which, if it plays out, could send SHIB price to the $0.00004618 level, a 227% jump. But for now, SHIB price is stuck in a holding pattern, and traders are eyeing whether this is just another lull or the beginning of a larger retreat.
As the meme coin market looks shaky, capital is rotating into new plays with more room to grow. Projects like Remittix, backed by real-world use cases and fresh tokenomics, are now drawing attention from those aiming for 100x returns—something SHIB has struggled to promise in its current consolidation phase.
Early RTX Holders Position Themselves for a 100x Return
While Shiba Inu stalls and struggles to regain momentum, Remittix quietly commands attention for all the right reasons. At a time when meme coins are seeing drops in trading volume and utility, Remittix is flipping the narrative by offering a payment solution that works in the real world.
Its core feature is simple: users send crypto, and the recipient receives fiat directly into their bank account. There is no exchange, no KYC for the receiver, and no complications. Just one connected wallet, and the money moves.
What makes Remittix stand out isn’t flashy branding or meme power; it’s function. The platform runs like a fintech app, hiding blockchain complexity while offering an intuitive interface that even non-crypto natives can benefit from. Someone in London can pay a contractor in Nairobi, or a freelancer in Manila can get paid by a client in Berlin, all in their local currencies. It’s crypto used like cash, but faster and smarter.
Remittix operates on the Ethereum blockchain using secure ERC-20 smart contracts. The platform has been audited, and transparency is central to its architecture. With publicly available smart contract addresses and a compliance-first design, Remittix appeals not only to crypto natives but also to fintech professionals looking for scalable solutions in cross-border payments.
Over $15.1 million has already been raised in the Remittix presale, with more than 536 million RTX tokens snapped up. The current price of $0.0757 is seen by many as a bargain, especially as analysts start whispering about 100x potential in the next cycle.
While SHIB holders wait for bullish patterns and burn rate rebounds, RTX executes on a real plan. With growing traction and a clearly defined market in global remittances, the shift from speculation to utility is happening fast. Remittix might be the altcoin that leaves meme tokens in the dust.
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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