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Cryptocurrency News Articles

SHIB Struggles Despite Dubai Adoption, AVAX Targets $100 as Remittix (RTX) Gains Traction

Jan 05, 2025 at 07:30 pm

Recent trends indicate that the Shiba Inu (SHIB) price struggles despite bullish news around its adoption by a Dubai real estate company for property transactions.

SHIB Struggles Despite Dubai Adoption, AVAX Targets $100 as Remittix (RTX) Gains Traction

Shiba Inu (SHIB) price seems to be struggling despite recent positive news, such as its adoption by a Dubai real estate company for property transactions. On the other hand, AVAX’s ecosystem has made significant progress with the introduction of AvalancheAI, which integrates artificial intelligence into the blockchain and opens up new possibilities for developers and investors.

Meanwhile, Remittix (RTX) is gaining widespread attention due to its attempt to spearhead the next wave of development in the PayFi sector. To make crypto-to-fiat transactions seamless for everyday users, Remittix could follow in the footsteps of existing giants and challenge them for market dominance.

AVAX Price Analysis

Avalanche crypto continues to be one of the top altcoins to watch closely despite its recent retracements, which saw AVAX pare off some of its gains. A glance at the AVAX price chart highlights a simultaneous succession of dropping highs and lows, which indicate near-term bearish pressure. However, the community is optimistic that the token could soon build sustained bullish momentum.

As a result, it could retest its ATH of $146 in 2025. Technical indicators suggest a bullish comeback, although its Momentum Oscillator warns of caution, suggesting increased selling pressure. Its MACD and Moving Averages, on the other hand, have been hinting at buy signals on the Avalanche price chart, indicating the likelihood of a bullish reversal.

Looking at AVAX’s continuous consolidation and potential for significant growth, the price could likely hover between $32 and $180 in 2025, as per Coincodex’s recent Avalanche price prediction. Meanwhile, AVAX holders continue to monitor the token, which is well-positioned to offer convincing growth prospects, especially as the Avalanche ecosystem keeps growing.

SHIB Price Analysis

As meme coins enter 2025 on a bullish note, Shiba Inu (SHIB) finds itself at a pivotal level as it strives to maintain its upward trajectory. Shiba Inu’s price has formed key support between $0.0000193 and $0.0000215, emphasizing its importance in sustaining SHIB’s bullish outlook. These levels have historical significance as highlighted by Ali Martinez’s insights, especially from October 2021 to April 2022.

Previously, these levels provided key cushioning as the SHIB token faced downward pressure after hitting an ATH of $0.000088 in late October 2021. During this phase, SHIB oscillated between $0.000033 and $0.000019, with this support zone acting as a stabilizing force. Fast forward to 2024, the SHIB token made an optimistic rally to reach its yearly peak of $0.000045. However, it later retraced below the support zone.

October 2024 was a turning point for the meme coin when it flipped the $0.0000193 to $0.0000215 range into support. According to Martinez, the SHIB crypto needs to hold gains above these levels to reaffirm their role as a foundation for its future growth.

Meanwhile, Bluntz Capital hinted at a strong accumulation phase that would set the stage for a steady uptrend without a parabolic breakout. In addition to this, analyst CW shared the importance of breaking above the $0.000022 level. With the meme coin now trading above this level, he forecasted a target of $0.000035. Shiba Inu has been hovering above the $0.00002400 level after recording an over 10% increase in the past week. SHIB’s trading volume has also seen a 49% increase, reaching $778 million, underscoring renewed interest in the token.

XRP, Remittix (RTX) Price Analysis

Cross-border payment innovations are primarily driven by the need to simplify global remittance for everyday users. This is increasingly evident by the emergence of cryptos, which have triggered a new wave of cross-border payment solutions like Remittix (RTX). This unique PayFi solution aims to solve critical issues in the existing financial landscape, merging the gap between crypto payment and global fiat settlement.

The project leverages the power of blockchain technology to make fiat transactions easier, faster, more secure, and more cost-efficient. Remittix users can swap up to 40 crypto assets into fiat instantly before transferring them to banks worldwide. While it challenges Coinbase, Stripe, and Wise, Remittix offers more advantages to forward-thinking investors, including retail users and corporate businesses.

Business owners can create an account and use its Pay API feature to accept crypto payments converted to fiat currency and vice-versa. Moreover, all transactions are immutable, eliminating unnecessary cashback. This

News source:www.tronweekly.com

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