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Cryptocurrency News Articles
Shiba Inu (SHIB) and Trump Memecoin (TRUMP) Market Struggles Continue as Investors Migrate to New Crypto Project
Jan 31, 2025 at 01:30 pm
The meme coin market appears to be losing steam, with its aggregate market capitalization nudging up by just 0.42% on Thursday.
The meme coin market showed a slight uptick on Thursday, with an aggregate market capitalization nudging up by just 0.42%.
However, some fan-favorite tokens, like the Official Trump (TRUMP) and Shiba Inu (SHIB), showed little movement, mirroring Bitcoin’s recent sinusoidal movements.
Shiba Inu price has been in a prolonged decline, while the TRUMP meme coin has struggled to regain momentum after a sharp pullback, staying in the red for over a week.
With both tokens showing signs of stagnation, market experts have shared their thoughts on the huge upside potential of a new crypto project.
Their insights triggered a wave of migration from the TRUMP meme coin, SHIB, and other meme tokens to an innovative PayFi solution Remittix. Let’s discuss why experts favor this new crypto over SHIB and TRUMP.
Shiba Inu (SHIB): Market Struggles Continues
Shiba Inu price action remained largely unchanged on Thursday, as the token encountered resistance at the $0.000020 price level.
After a brief morning uptick, SHIB price slid throughout the afternoon, ultimately closing the day down by 0.84% at $0.00001871.
This brought SHIB’s 24-hour trading volume to $322.1 million, down significantly from the $408.11 million reported on Wednesday.
On-chain activity showed a SHIB whale took advantage of the recent market downturn to quietly accumulate more tokens.
According to BscScan🐋, the whale made several large purchases, notably adding 200 billion SHIB to their wallet in one transaction.
The whale’s total holdings are now 477.5 billion SHIB, valued at $8.57 million. Market analysts view this as a bullish signal, noting that whales typically double down on their investments before a major price rebound.
Despite the whale activities and a late evening price rebound, Shiba Inu price failed to break above the key resistance levels.
However, if SHIB manages to sustain support near $0.000018, we could see another attempt at breaking through these resistance levels in the coming days.
Trump Memecoin (TRUMP) Sees Waning Investor Interest
The Trump meme coin, which enjoyed an explosive rally a few days after its launch, appears to be losing steam as investors quickly lose interest in the token.
TRUMP, which followed in the footsteps of Shiba Inu price trajectory in late 2021, also introduced governance rights and social media engagement incentives.
As of today, TRUMP is trading at $27.13, reflecting a 23.7% drop in the past week.
The coin has lost over half its value since briefly peaking at $75.35 just two days after its launch.
The market capitalization stands at $5.43 billion, while trading volume has contracted from $39.04 billion to $2.42 billion in a short ten-day span, a sure sign that traders are quickly losing interest in it.
TRUMP’s rapid rise and fall from grace is largely due to its meme coin status, which makes it highly dependent on community engagement and hype.
Unlike tokens with real-world financial utility, meme coins like TRUMP and SHIB can experience quick bursts of buying pressure followed by equally rapid selloffs.
With both Shiba Inu price and TRUMP meme struggling, investors are now flocking toward Remittix, a new crypto project that offers real-world financial utility instead of speculative hype.
Remittix (RTX): The PayFi Project That Could 20x Before Q3
Unlike SHIB and TRUMP, which rely on community engagement and speculation, Remittix (RTX) is revolutionizing the cross-border payments industry.
The PayFi project is attracting global attention as it solves a long-standing financial bottleneck: the inefficiencies of traditional banking systems.
Remittix’s innovative solution would enable individuals and businesses to instantly convert over 40 cryptocurrencies into FIAT currencies like USD and EUR, allowing seamless transfers to any fiat bank in the world.
Experts consider Remittix one of the best DeFi crypto projects because of its ability to facilitate instant FIAT payments using cryptocurrency.
They argue that this use case fills a $183T gap in the DeFi market, making RTX one of the most sought-after tokens of 2025.
For investors looking to capitalize on the next major breakout, Remittix’s ongoing ICO offers an opportunity to join an early-stage project with huge upside potential.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://
Disclaimer:info@kdj.com
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- The SEC Just Approved the First Bitcoin and Ethereum ETF. Here's What That Means for Crypto
- Jan 31, 2025 at 06:00 pm
- In a groundbreaking move, the U.S. Securities and Exchange Commission (SEC) has granted accelerated approval for NYSE Arca to list and trade shares of the Bitwise Bitcoin and Ethereum ETF.
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- SEC Approves Bitwise's Spot Bitcoin and Ethereum ETF, Expanding Crypto's Reach into Traditional Markets
- Jan 31, 2025 at 06:00 pm
- In a significant move for the cryptocurrency market, the US Securities and Exchange Commission (SEC) has granted initial approval for Bitwise's spot Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Fund (ETF).
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- Bitwise Bitcoin and Ethereum ETF Gets SEC Approval, Marking a Milestone in the Journey of Cryptocurrency ETFs
- Jan 31, 2025 at 06:00 pm
- The U.S. Securities and Exchange Commission (SEC) has approved NYSE Arca's filing to list and trade shares of Bitwise's combined Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund (ETF) on an "accelerated basis," marking a major milestone in the journey of cryptocurrency ETFs.
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- The Best Digital Assets to Buy in 2025: Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Litecoin (LTC), and Remittix (RTX)
- Jan 31, 2025 at 06:00 pm
- As the cryptocurrency market expands, investors are eager to find the best digital assets to buy in 2025. While Bitcoin (BTC) and Ethereum (ETH) maintain their dominance, Cardano (ADA) and Litecoin (LTC) offer unique advantages in scalability and payments. Meanwhile, a rising contender, Remittix (RTX), is emerging as a revolutionary force in crypto payments with real-world financial applications.