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Cryptocurrency News Articles

Unusual Crypto Trend Continues As DOGE and SHIB Holders Continue To Buy A New DeFi Token

Feb 20, 2025 at 10:30 pm

DOGE & SHIB pivot remains a hot topic in the crypto world, as data shows Dogecoin (DOGE) trading near $0.073, while Shiba Inu (SHIB) sits at $0.000008.

Unusual Crypto Trend Continues As DOGE and SHIB Holders Continue To Buy A New DeFi Token

Dogecoin (DOGE) and Shiba Inu (SHIB) have both seen significant declines from their all-time highs, and now, data shows that holders of these meme coins are pivoting into a new DeFi token.

According to CaptainAltCoin, both DOGE and SHIB have slowed down in terms of price momentum, prompting traders to shift their attention toward a PayFi-focused altcoin that offers more tangible benefits.

This article will examine the catalysts behind this trend and how PayFi synergy might be steering a new wave of investor enthusiasm.

Dogecoin’s price has declined by 18.4% over the last 30 days, and SHIB has seen a 22.3% decrease. Both meme coins have experienced a downturn in trading volumes, which might be a key factor in traders pivoting away from them.

According to aggregator data, both DOGE and SHIB trading volumes now hover at around 10x lower than their peak mania days, which might be concerning for traders who entered late.

While both meme coins have attempted to integrate partial DeFi expansions and NFT experiments, neither has fully realized a second wave of massive adoption. As a result, traders seeking long-term growth appear to prefer altcoins that offer immediate solutions, especially in cross-border money transfers or PayFi platforms.

While the DOGE and SHIB narrative signals a retreat from purely comedic branding, a PayFi altcoin called Remittix has soared in presale, surpassing $12.3 million.

Instead of meme campaigns, Remittix tackles the $190 trillion global remittance sector, where fees often exceed 5–10%. This cost-saving synergy resonates with families, gig workers, and businesses who can’t afford wire delays or high costs.

Rather than advanced yield strategies, RTX focuses on letting users quickly swap crypto into local money, merging everyday finance for billions of unbanked or underbanked individuals.

Disclaimer:info@kdj.com

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Other articles published on Feb 22, 2025