Shiba Inu and Dogecoin May Have Bottomed Out, Can They Keep Up With This XRP Rival

Finance

Shiba Inu and Dogecoin May Have Bottomed Out, Can They Keep Up With This XRP Rival

Shiba Inu coin and Dogecoin appear to have found short-term support after recent market pullbacks. Both tokens are holding steady, with some traders suggesting a potential recovery phase is taking place. However, attention is shifting to a rising XRP rival thats gaining traction across crypto circles – Remittix.

As investors look beyond the usual meme coins, the question is whether SHIB and DOGE can maintain momentum or risk falling behind.

Remittix Builds the Bridge Between Stablecoin Payments and Everyday Use

In 2024, over $5 trillion in blockchain transactions came from stablecoins, showing just how far crypto payments have come. But what‘s still missing is a bridge that can make this wealth more useful in everyday life. That’s where Remittix enters the picture.

Remittix is building PayFi infrastructure that focuses on turning crypto into a practical tool. It‘s designed to help users send funds in crypto and have recipients cash out in fiat without needing multiple platforms or KYC-heavy exchanges. That’s a win for people in underbanked regions, and a big reason traders have a keen interest in it.

Unlike most Layer 1s, Remittix isn‘t just pushing speed and security. It’s pushing usability. The protocol integrates merchant tools, real-time conversion APIs, and embedded compliance layers, making it something a small business in London or Manila could actually use for payments. The RTX token will also unlock fee discounts and power the protocols governance layer, meaning holders can participate rather than just speculate.

With its broad appeal to both individuals and companies, Remittix looks well-positioned to capitalize on the expanding crypto payment market. As the industry grows, Remittixs innovative solutions, backed by a strong audit and scalability potential, make it an attractive opportunity for forward-thinking investors.

Shiba Inu Burn Efforts Intensify, Price Pattern Signals Breakout

The Shiba Inu coin is showing signs of potential upward movement, as highlighted by crypto analyst MiguelFT Curado. He points to a bullish “cup and handle” pattern on SHIB‘s chart, suggesting a possible 30% price increase if the pattern completes. Curado advises investors not to overlook SHIB’s current setup.

Source: CoinMarketCap

In parallel, the Shiba Inu community has intensified its token-burning efforts. The Shib Torch burn portal recently incinerated over 1 billion SHIB tokens, valued at approximately $13,334. It represents a 4.97% increase from the previous week‘s burn rate. While the immediate impact on price may be limited, sustained burning could influence SHIB’s long-term value.

Dogecoin Lags Behind Market Leaders as Bearish Outlook Emerges

Dogecoin has experienced a 3.6% increase over the past week. Despite this slight uptick, analyst Farid Saremi anticipates a potential dip to around $0.074, indicating a bearish outlook for Dogecoin. His analysis points to medium-term weakness, suggesting that Dogecoin may not yet be ready for a substantial rally.

While Dogecoin has shown resilience in the past, current indicators suggest a period of consolidation or potential decline. Its barely a week into May, and DOGE is performing worse than 72% of the top 100 cryptos in the past year. Investors and traders may need to wait for clearer signals or market shifts before anticipating a strong bullish trend for Dogecoin.

Source: TradingView

Conclusion

With crypto utility finally becoming a focus again, projects like Remittix are getting a well-deserved second look. It‘s not just about hype, it’s about solving the long-standing issue of crypto-fiat interaction without making users jump through hoops. Save yourself a spot at $0.0757 per RTX token.