Remittix (RTX): The DeFi Token That's Changing the Narrative

The meme coin market has been under stress, with Shiba Inu (SHIB) and FLOKI finding it hard to keep up the momentum. Users seek newer tokens with intrinsic value and consistent long-term growth potential in this uncertain situation.

The meme coin market has been struggling lately, with Shiba Inu (SHIB) and FLOKI finding it difficult to sustain momentum. As investors become increasingly tired of tokens with no intrinsic value and grow weary of coins that promise consistent long-term growth potential, they are turning their attention to newer projects.

One newer name that is gaining traction is Remittix (RTX), a cross-border payments solution that has recorded staggering presale numbers and boasts a real-world use case.

But first, let’s take a look at the recent performance of SHIB and FLOKI.

Shiba Inu (SHIB): Exchange Supply Hits Record Low, But Will It Matter?

Shiba Inu’s supply on exchanges has fallen to its lowest point since April 2021. The total amount of SHIB on exchanges is now 106.96 trillion, down from 141.26 trillion at the beginning of the year.

This substantial decline in exchange supply should, in theory, reduce selling pressure on the token. However, SHIB has yet to stage the sort of price rally that owners would like to see. Over the last 30 days, it has fallen by about 17%, reflecting a wider liquidity squeeze in the market.

On-chain metrics suggest that SHIB’s key support level is at $0.000012, where it is supported by over 19 trillion tokens. From here, there is potential for a bounce to $0.000015, especially if bullish signals, such as a positive MACD crossover, begin to emerge.

However, the inability to break resistance at $0.000015 or a drop below $0.000011 could see the token sliding to its 2023 lows of around $0.000006, which has most traders worried due to meme coin fatigue.

FLOKI: Traders Defend Key Support, But Uncertainty Remains

Sticking with the meme coin sector, traders have been fiercely focused on a crucial level for FLOKI. In the price range of $0.00007000-$0.00007100, a significant volume of activity has been encountered throughout previous dips.

This strong interest in this price band is evident, and it has historically served as a foundation during periods of price decline, encouraging traders to intervene.

If this level fails to hold, the next closest support is around $0.00006800, where we can expect to see more substantial selling pressure.

On the upside, FLOKI’s immediate resistance is on the upper part of a large round of volume-induced resistance, likely placing it at $0.00007400-$0.00007500. A breakout above this zone could spark greater interest, with the next resistance at $0.00007650.

The short-term moving averages, specifically the 50-day SMA, are currently in close proximity to prevailing price levels, indicating that the recent selling pressure has significantly affected momentum.

Until FLOKI shows signs of a meaningful breakout above these resistance zones or experiences a bullish crossover with the 200-day SMA, traders are likely to remain apprehensive.

Remitttix: The DeFi Token That’s Changing the Narrative

While SHIB and FLOKI struggle to regain lost ground, Remittix (RTX) is poised to disrupt the DeFi space with its innovative cross-border payments solution.

Remitttix aims to reduce transfer time from days to hours using blockchain rails. Its goal is to revolutionize the $190 trillion cross-border payments market.

The presale statistics for Remittix are staggering. To date, over 517 million tokens have been sold, raising over $13.7 million. Early presale holders have already realized 1000%+ returns despite the overall market downturn.

Remittix is priced at only $0.0734 and offers an instant crypto-to-fiat conversion flow with no hidden costs. It enables users to send money directly to bank accounts in over 40 countries.

Compared to alternatives like Wise, Remittix stands out with lower fees and faster processing times. For instance, a $1000 transfer from the U.S. to the Philippines via Wise takes 1-3 working days and incurs a fee of $47. With Remittix, the same transfer can be completed within 1 hour at a cost of $15 in TRX.

Remittix is a convenient option for freelancers, migrant workers, and e-commerce merchants who need to transfer money quickly and easily across borders. It accepts over 40 cryptocurrencies, including BTC, ETH, TRX