Jupiter, Near Protocol and Remittix May Be Better Poised to Outperform Shiba Inu

After weeks of plunging prices, the crypto market appears to be clawing its way back, spurred by renewed investor confidence in select altcoins.

After weeks of brutal market crashes, crypto prices appear to be clawing their way back.

Shiba Inu is holding out hope for a bullish reversal, but three other projects – Jupiter, Near Protocol and Remittix – may be better positioned for sustainable growth, industry experts argue.

While the Shiba Inu price has displayed some bullish signals on its daily chart, crypto gurus are still seeing three other tokens that are better positioned for sustainable gains.

Jupiter: Still Stuck In Descending Triangle

Jupiter (JUP) price has dropped by 30% in the last 30 days, contradicting the bullish signals that the token displayed following an airdrop in January.

The token, which is currently trading at $0.86, at one point spiked as high as $1.40. However, it consistently faced resistance near the $2 level, leading to a series of rejections.

JUP Chart Analysis

Recent data shows that the Open Interest (OI) for JUP has plunged below $100 million. This is a sharp drop from the $250 million it reached when the price rallied above $1.

A decrease in OI usually signals that traders are closing their positions and exiting the market, which could further translate into lower prices.

Moreover, JUP is still largely 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 also dipped below the neutral region, indicating that sellers still have control.

If JUP continues to struggle at these resistance points, we could see additional price corrections from these levels. This could make 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) is one of the most talked-about meme coins and analysts are seeing some signs of optimism on its daily chart. The RSI has increased from oversold territory at 31 to 40, which may indicate that some buyers are returning.

The MACD lines are also on an upward trend, although they are still in negative territory.

SHIB/USDT Chart

A potential bottom may be forming around $0.000013, where the recent market crash was halted. From this level, SHIB has shown some signs of recovery. Some traders believe that a rapid reversal could occur if world markets remain calm.

Shiba Inu is known for its strong volatility and sensitivity to speculative interest, often driven by meme culture. In a larger market recovery where fundamentals matter more, critics question how SHIB will fare against cryptocurrencies like Near Protocol, Jupiter or Remittix.

Near Protocol: Building On User Friendliness

Known for its Proof-of-Stake architecture, user-friendly account names and focus on rapid, low-cost transactions, Near Protocol is highlighting these strengths as it seeks to appeal to a broader audience. Its Nightshade technology partitions the blockchain into sub-chains, each with dedicated validators, boosting efficiency and throughput.

As it stands, NEAR is trading significantly below its all-time high of $20.44 and its daily trading volume of approximately $195 million has taken a hit in recent times.

However, with its strong developer-friendly ecosystem, where one can build dApps using familiar programming languages like JavaScript, and a focus on creating new projects, it continues to attract project creators.

It is also noteworthy that NEAR has a large market capitalization of $3.6 billion, leaving significant room for growth if the market sentiment remains positive.

It is listed on major exchanges like Binance, Gate.io, and Azbit, ensuring good liquidity for traders to enter and exit positions.

Some experts believe that we could see a bounce-back for NEAR tokens if the wider market continues to recover from the recent downturn. They also highlight that user-friendliness and high scalability give Near an edge over other altcoins whose technology might struggle under heavy transactional load.

Remittlix: A PayFi Titan Emerges

While Jupiter grapples with a descending triangle and Near boasts its user-friendliness, another token is making waves by tackling the $190 trillion cross-border payments market.

Remittlix, which is currently available for purchase at a presale price of $0.0694, has already raised over $13 million, selling 508 million tokens. But what’s setting Remittlix apart isn’t just its presale success. It’s introducing a unique PayFi model that merges cryptocurrency with everyday financial use cases.

With Remittlix, users can convert 10+ cryptocurrencies into local fiat almost instantly. This speed is crucial for freelancers, small businesses, and international workers who are tired of slow bank wires and high fees.

In an age where speed, transparency, and low costs are