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Shiba Inu’s $10 Billion Market Cap Woes As New Remittix Wows Investors As Debut Crypto Nears $9 Million

Shiba Inu's $10 Billion Market Cap Woes As New Remittix Wows Investors As Debut Crypto Nears $9 Million

Crypto investors were most fascinated by meme coins through 2021 because these digital tokens delivered massive returns. The skepticism about meme tokens’ value exists today after these memecoins have apparently reached their maximum penetration point. As a result, Shiba Inu (SHIB), once a favourite for degen meme traders and retail investors, now grapples with sustaining its $10 billion market capitalization.

At the same time, a new DeFi coin, Remittix (RTX), is stealing the spotlight, nearing $9 million in its presale debut. Investors are now questioning whether meme coins can keep pace with utility-driven projects reshaping the blockchain landscape.  Let’s draw parallels between these two top altcoins and see where the biggest prospects for investors might be.

Shiba Inu: Struggling to Hold Its $10 Billion Crown

The strong meme coin interest of 2021 propelled Shiba Inu toward unprecedented crypto market heights reaching over $35 billion market capitalization before regressing to $10 billion. Statistics show that SHIB’s market capitalization remains at $10 billion while standing 71% below its previous peak.

Crypto analysts have hinted at several factors behind its decline. Most notable of them being inflationary pressure as SHIB’s circulating supply exceeds 589 trillion tokens. With community-driven burns failing to offset its inflationary model, SHIB does not look like it will get scarce anytime soon.

Also, market saturation has resulted in new meme coins like Bonk and Dogwifhat diverting attention and fragmenting speculative capital. Memecoins are springing forth daily and this causes a high level of competition for SHIB.

Despite all this, Shiba Inu remains a top player in the crypto domain. It holds great promise for the long term. The adoption of Shibarium, Shiba Inu’s layer-2 scaling solution targeted at boosting utility by slashing transaction fees, could help it greatly.

Also, Shbia Inu’s survival hinges on expanding real-world use cases and according to crypto analyst Clara Winslet. “Without deeper integration into DeFi or payments, it risks becoming a relic of the 2021 mania.” This analysis seems to be spot on, as Shiba Inu has announced plans to transition to a Defi product.

Remittix (RTX): A $9 Million Presale Sensation

While SHIB stumbles, Remittix (RTX) is gaining traction for solving a trillion-dollar problem: cross-border payments. Traditional remittance systems charge up to 6.3% in fees and take days to settle. Remittix slashes costs to under 1% and enables near-instant transfers via blockchain.  

The key features driving its $9 million presale surge include real-world utility, tokenomics designed for stability and scalability as well as interoperability across multiple chains. Remittix bridges crypto and fiat, allowing users to send funds globally directly to bank accounts. Partners in Asia and Africa already integrate its API for seamless conversions. Team and liquidity tokens are locked for three years, preventing rug pulls, with a certified audit by SolidProof adding credibility.  

RTX is built on Ethereum’s ERC-20 standard, RTX is a top altcoin that leverages layer-2 solutions for high throughput processing, handling 5,000+ transactions per second. “Remittix isn’t just another DeFi experiment—it’s addressing a pain point affecting millions,” notes fintech expert Raj Patel. “Its presale success reflects investor confidence in tangible use cases over memes.” 

RTX has sold over 400 million tokens representing 51.6% of the total allotted, this goes to show that investors are now prioritizing projects with clear roadmaps and revenue models. RTX’s presale, priced at $0.0456, offers early entrants a stake in a platform poised to disrupt the $860 billion remittance industry. Post-listing targets suggest a potential 15x gain by mid 2025 when adoption accelerates.  

For investors seeking exponential gains, Remittix offers a compelling proposition: a low-entry token with institutional-grade utility. As the presale nears $9 million, the clock is ticking to secure a position before exchanges listings ignite the next phase of growth.

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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