Remittix (RTX) vs Pepe (PEPE) Coin - Which Is the Best Crypto Investment of 2023?

Could Remittix overshadow meme coins like Pepe? While Pepe shows signs of recovery, Remittix is stealing the spotlight with its innovative PayFi model

Pepe Coin and Shiba Inu (SHIB) had contrasting fortunes last week. While Pepe currency showed signs of a strong comeback, SHIB continued to struggle despite a recent drop in its price.

Here’s a closer look at what happened with each coin.

Pepe Coin (PEPE) price showed signs of a strong comeback last week. PEPE price started the week at $0.000010. It showed a strong uptrend, rising to a peak of $0.000020 on Friday, a 100% increase from ten days ago.

This rally came as Bitcoin price rose again, driving the whole crypto market up and taking its overall worth to over $128 billion at one point.

Pepe Coin also saw a significant increase in activity, with its 24 hour trading volume reaching a high of $1.32 billion. This is the largest 24 hour trading volume PEPE has seen in a week, and it highlights how strongly it is rebounding.

From the technical side, PEPE price created a hammer candlestick pattern earlier this week. This is a bullish reversal pattern that is often seen before a market turn around. It forms when the price drops sharply on Monday but recovers by Tuesday, creating a candle that looks like a hammer. This pattern is usually seen at the bottom of a downtrend and signals a potential uptrend reversal.

Pepe Coin price also remained above the 100 day moving average, which is another positive sign for its future development. Moreover, PEPE price is now recovering from its all time low, which could see it rally further in the coming weeks.

Another interesting development is the formation of a declining wedge pattern by PEPE. This is a well-known positive technical indicator that points to the currency maybe breaking out and rising further. If this trend continues, analysts estimate PEPE may potentially reach its all time high of $0.000028.

Overall, Pepe Coin price showed positive signs of recovery last week. Its recent comeback and positive tendencies are developing, which could see PEPE soar in the next few weeks.

Shiba Inu (SHIB) price had a difficult week, its price dropped 4.3% to $0.00002078. SHIB price started the week at $0.00002296. It showed some recovery from its recent lows, rising to a peak of $0.000024 on Monday. However, SHIB price then faced resistance and began to drop again. By Friday, SHIB price had fallen back down to the $0.000020 level.

This drop in SHIB price came as Bitcoin price also fell, putting pressure on the whole crypto market and causing it to lose some of its recent gains. SHIB price followed closely, highlighting how it is still heavily influenced by the wider market.

Despite this drop, SHIB price did have a brief moment of recovery earlier in the week. On Wednesday, SHIB price rose by 9.19%, outpacing the gains of Bitcoin and other major cryptocurrencies. This smaller rise was driven by increased demand and more active trade for SHIB.

Shiba Inu price now trades at $0.00002296 at the time of writing. It is down 4.3% in the last 24 hours, 16.3% in the last 7 days and 82.3% year-to-date. SHIB’s rank is 14, with a market cap of $14.08 billion.

Shiba Inu price showed signs of stalling last week after a recent drop in its price. SHIB price did have a moment of recovery earlier in the week, but it ultimately faced resistance and began to drop again.

For SHIB price to flourish, it needs more demand and more active trade. While the SHIB community is optimistic, its survival depends on more general market trends and how well its burning activities continue to support its pricing.