Shiba Inu (SHIB) Faces Market Dominance Test as Remittix (RTX) Climbs the Ranks in the PayFi World

Shiba Inu (SHIB) has long been a dominant force in the meme coin space, but cracks are starting to show. With recent whale sell-offs and declining market momentum

Shiba Inu (SHIB) has been showing signs of slipping out of the crypto top 20 due to recent whale sell-offs and declining market momentum. However, some key drivers are contributing to the rising popularity of Remittix (RTX), a PayFi platform that could potentially replace Shiba Inu in the rankings.

Shiba Inu Could Drop Out of Crypto Top 20

Data from CoinGecko shows that Shiba Inu has now posted a 26.6% monthly loss, with some consolidation observed in the last 24 hours. The latest Shiba Inu on-chain data reveals a shifting investor landscape.

Holders of over a trillion Shiba Inu now total 49 addresses, marking the lowest count since July 2022. This large-scale liquidation or redistribution of assets by major holders could potentially disrupt market stability.

In contrast, retail interest appears to be rising, as addresses holding between one million and one billion SHIB have either remained steady or slightly increased, indicating accumulation by smaller investors.

This trend may suggest broader support for SHIB despite the sell-offs by large investors. Notably, a mysterious whale holds over 10% of the total SHIB supply across 150 addresses, with an initial investment of $10,000 that is now valued at approximately $2.5 billion.

Looking ahead, if retail accumulation can keep pace with the whale sell-offs, Shiba Inu could maintain its position. However, sustained large-scale liquidations by whales will inevitably put downward pressure on the token’s value.

Remittix Simplifies Cross-Border Payments

Remittix (RTX) is making it easier for both individuals and businesses to send and receive payments globally. The current system is plagued by inefficiencies such as high costs, lengthy delays, and hidden charges.

Remittix solves this problem by allowing users to instantly convert over 40 cryptocurrencies into FIAT and transfer them to bank accounts worldwide.

For example, Daniel, a remote worker in South Africa who earns in Bitcoin, can now convert BTC into South African Rand and have the funds credited to his bank account within minutes, avoiding the typical exchange delays and high withdrawal costs.

Moreover, Remittix is also simplifying crypto adoption for businesses, as direct integration has traditionally been difficult due to risks related to volatility, concerns about liquidity, and regulatory hurdles.

While most companies want to tap into the growing digital payments market and access a wider customer base, operational challenges have long held them back.

The Remittix Pay API completely eliminates these barriers. This powerful technology enables businesses to accept crypto payments and instantly convert them into FIAT upon receiving the payment.

By removing the uncertainty associated with digital currency payments, Remittix is helping businesses expand their payment options without the usual risks or hassle.

RTX Tokenomics

The Remittix token (RTX) is designed for long-term growth, serving as the core of the platform’s payment infrastructure. With a capped supply of 1.5 billion tokens, RTX is structured to gain value as demand increases.

Unlike FIAT currencies, which can be printed endlessly and lose value over time, RTX operates on a fixed-supply model, ensuring that its scarcity drives price appreciation as adoption rises.

As more people and businesses rely on Remittix for financial transactions, the value of RTX is expected to increase, making it an attractive asset for long-term holders and investors.

The Final Stretch: Proactive Investors Race to Remittix Presale

As we approach the end of the year, the crypto community is eagerly awaiting the next big coin to hit the top 20 rankings. While some may expect another meme coin to fill the spot, recent market trends and fundamental analysis suggest otherwise.

Shiba Inu, once a top 10 cryptocurrency, has now slipped down the rankings and is at risk of dropping out of the top 20. This decline is largely attributed to the sell-offs by major holders, which have outpaced the accumulation by smaller investors.

On the other hand, Remittix, a PayFi platform that has been gaining immense traction, is poised to take over a significant portion of the $190 trillion global payments industry.

With a fully functional platform, key partnerships, and a strong team behind the project, RTX is positioned to become one of the most valuable crypto assets in the coming years.

As the presale concludes and the token prepares to hit major exchanges, those who missed out on early opportunities, such as SHIB and DOGE, now have a chance to acquire RTX at a ground-floor price of just $0.0628.

Proactive investors are invited to participate in the final stage of the Remittix presale by visiting the official website.