After weeks of plunging prices, the crypto market appears to be clawing its way back, spurred by renewed investor confidence in select altcoins. While Shiba Inu holds onto the hope of a bullish reversal, industry experts argue that three other projects Jupiter, Near Protocol and Remittix may be better positioned for sustainable growth. Let’s take a deeper look at each token’s performance and why they’re capturing attention.
Jupiter: Stuck in a Descending Triangle?
Jupiter (JUP) has seen a 30% drop in the last 30 days, contradicting the bullish signals it displayed following an airdrop in January. Though the token spiked to $1.40 at one point, it consistently failed to breach resistance near $2, resulting in a series of rejections that now point to a bearish outlook.
JUP Chart Analysis
Recent data shows the Open Interest (OI) for JUP plunging below $100 million, a sharp contrast to the $250 million it reached when the price rallied above $1. Declining OI generally signals traders closing positions and exiting the market, which often translates into falling prices.
Moreover, JUP is currently stuck in a descending triangle on the 4-hour chart. Such a formation features a falling upper trendline and flat lower support. Its RSI has dipped below the neutral region, reinforcing the notion that sellers maintain control. If JUP continues to struggle at these resistance points, additional price corrections could follow, making it difficult for the altcoin to reclaim the $1 level in the near future.
Shiba Inu: Is a Bullish Reversal Around the Corner?
Shiba Inu (SHIB) remains one of the most talked-about meme coins, and analysts are seeing hints of optimism on its daily chart. The RSI has climbed from oversold territory at 31 to 40, suggesting that some buyers may be stepping back in. Meanwhile, the MACD lines have been on an upward trend, though they remain in negative territory for now.
SHIB/USDT Chart
A potential bottom might be forming around $0.000013, where the recent market crash halted. Since then, SHIB has exhibited indications of recovery; some traders predict a rapid reversal should world markets stay calm. Shiba Inu is therefore susceptible to abrupt mood swings since it depends on speculative interest and meme-driven excitement. Particularly in a larger market recovery when fundamentals often count more, critics wonder if SHIB can compete with cryptocurrencies that offer more tangible long-term value, such Near Protocol, Jupiter or Remittix.
Near Protocol: Building on User-Friendliness
Near Protocol differentiates itself through its Proof-of-Stake architecture, user-friendly account names, and an emphasis on faster, cheaper transactions. Its Nightshade technology partitions the blockchain into sub-chains, each with dedicated validators, boosting efficiency and throughput.
Near Protocol Chart
As of now, Near trades considerably below its all-time high of $20.44 and its daily trading volume of roughly $195 million has taken a hit in recent weeks. Yet Near’s developer-friendly ecosystem where one can build dApps with familiar programming languages like JavaScript continues to attract project creators. Coupled with its $3.6 billion market cap, Near has ample room to grow if positive market sentiment persists.
Listed on major exchanges like Binance, Gate.io, and Azbit, Near benefits from strong liquidity. Some experts see a bounce back for NEAR tokens if the wider market continues to recover. They argue that user accessibility and high scalability give Near an edge over altcoins whose technology may struggle under high transactional loads.
Remittix: A New PayFi Titan Emerges
While Jupiter contends with descending triangles and Near strives for user adoption, Remittix is turning heads by tackling the $190 trillion cross-border payments market. With a presale price of $0.0694, Remittix has raised over $13 million, selling 508 million tokens and it hasn’t done so on mere hype. Instead, Remittix leverages its PayFi model to let users convert multiple cryptocurrencies into local fiat almost instantly, cutting out slow bank wires and steep fees.
This approach appeals to freelancers, small businesses, and international workers who often grapple with delayed remittances. By prioritizing transparent fees, near-instant settlements, and everyday usability, Remittix provides an antidote to the speculation-heavy meme coins. Its locked liquidity and rigorous audits further bolster trust among risk-conscious investors. For many, the Remittix model might be a blueprint of crypto’s future where utility and convenience overshadow fleeting hype.
Time for a Fundamental-Driven Future?
With the market beginning to rebound, Shiba Inu clings to the hope of a bullish rebound, aided by improving technical indicators. Yet crypto gurus are quick to point out that tokens like Jupiter, Near Protocol and Remittix could offer more stable, long-term value. Jupiter’s near-term outlook may remain grim, but its struggles highlight how swiftly sentiment can swing in this space. By contrast, Near Protocol benefits from an accessible ecosystem and steady liquidity, while Remittix takes aim at a massive global remittance market.
As the crypto landscape evolves, genuine real-world application may become increasingly decisive for long-term success. Meme coins like SHIB thrive on community engagement but face volatility risks, while practicality-focused projects like Remittix offer solutions that solve persistent financial challenges. For now, the market’s bounce-back could reward those who balance keen technical analysis with a focus on projects rooted in tangible utility.
Interested in how Remittix might outpace older payment solutions?
Check out Remittix to see why PayFi is the next crypto frontier!
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
