Remittix New Highs vs Meme Coin Dips: Why It's the One to Watch

There are always surprises in the crypto market and this past weekend was no exception. Remittix, even while still in the presale phase, defied expectations by reaching remarkable new heights, while meme currencies like Dogecoin and Shiba Inu saw unanticipated declines.

There were some surprises in the crypto market this past weekend.

Even though Remittix is still in the presale stage, it reached new heights, while meme currencies like Dogecoin and Shiba Inu saw unanticipated declines.

Shiba Inu and Dogecoin, two favorites of the meme coins community, saw price drops as a result of a reduction in investor enthusiasm and heightened market rivalry.

At the same moment, Remittix, a rising star, continues to steal the show with its cutting edge crypto-to-fiat payment method. Experts estimate that it might become one of the largest breakout tokens of 2024 with growth forecasts as high as 100x, after raising over $4 million in its presale so far.

This contrast has left many crypto fans wondering what's happening.

Shiba Inu Price Analysis: Why It Dropped Over the Weekend

Shiba Inu price trends have been volatile despite its popularity. As a result of decreased whale activity over the weekend, there were lower trading volumes and a fall in the currency. There are two primary causes of the decreased momentum:

The price hasn't stabilized yet despite continuous improvements made by Shiba Inu's creators, including enhancements to its Shibarium Layer-2 blockchain.

Shiba Inu (SHIB) is still trading below crucial support levels, according to CoinGecko. Shiba Inu's price dropped by 2.2% over the past 24 hours and by 6.3% over the last seven days, to reach an average trading price of $0.000011 by press time.

Shiba Inu's price experienced a downturn on Monday as a result of a decrease in trading volume and overall market activity. SHIB encountered resistance at the $0.000012 level as it attempted to regain momentum following last week's gains.

Shiba Inu's technical indicators remained bearish on Monday, with the relative strength index (RSI) at 43.93, indicating that bears had the upper hand in the market.

However, Shiba Inu'sチャート上のボラティリティは、仮想通貨の価格変動の激しさの指標であるボラティリティインデックスが33.18と低いことを示しているため、比較的穏やかでした。

Shiba Inuの平均方向性指数（ADX）は22.85で、トレンドの強さを示しており、仮想通貨の価格がどちらの方向に動いているかを判断するのに役立ちます。

Dogecoin Market Trends: Understanding the Weekend Decline

A similar outcome occurred with Dogecoin, which saw a drop in value over the weekend. A 10% drop in transaction volume suggested that investor sentiment had changed. Among the contributing elements are:

Despite its loyal following, Dogecoin's price trends seem to depend mostly on speculative trading rather than long-term usage. Because of this, it is vulnerable to sudden changes in the market, like the ones that occurred over the weekend.

According to CoinGecko, Dogecoin's price decreased by 1.3% over the past 24 hours and by 3.2% over the last seven days, to reach an average trading price of $0.08 by press time.

Dogecoin encountered resistance at the $0.082 level on Monday as a result of a decrease in trading volume and overall market activity. Following last week's gains, Dogecoin attempted to regain momentum once more.

Dogecoin's technical indicators were bearish on Monday, with the relative strength index (RSI) at 40.18, indicating that bears had the upper hand in the market.

However, Dogecoin'sチャート上のボラティリティは、仮想通貨の価格変動の激しさの指標であるボラティリティインデックスが24.04と低いことを示しているため、比較的穏やかでした。

Dogecoin's average directional index (ADX) was at 20.81, indicating the strength of the trend, and helping to determine whether the cryptocurrency's price is moving in a positive or negative direction.

Remittix New Highs vs Meme Coin Dips

Unlike Shiba Inu and Dogecoin, Remittix had a great weekend. Intending to revolutionize cross-border payments, this coin is quickly gaining traction.

Remittix, in contrast to meme coins, offers practical functionality by enabling users to change between cryptocurrencies and fiat money with ease and affordability.

Here’s why Remittix continues to rise while meme coins falter

A few factors set Remittix apart from the crowd:

It solves a real-world problem by making cross-border payments faster, cheaper, and more accessible to everyone, thanks to blockchain technology and cryptocurrency.

Remittix is backed by a skilled and experienced team that has already achieved great success in the cryptocurrency and financial technology industries.

The Remitti