While the crypto market seems ready for a reversal, many are doubting that Shiba Inu is still a viable investment option. Especially when taking into account its 11-figure market cap and investors’ attention shifting toward utility-driven projects.
In order to achieve maximum returns, experienced investors are actively switching their funds to undervalued niche champions. Among them, one has emerged as the most promising, or least speculative, for the current author: Remittix (RTX) whose core idea seems to point towards revolutionizing the cross-border payments space. Let’s talk about it.
Cross-border payment was around $150 trillion in 2017 which is anticipated to touch $250 trillion in 2027. Remittix is ready to take a significant portion of this market with its PayFi platform for global crypto-to-fiat transfers based on blockchain.
Currently, Remittix links over 40 cryptocurrencies and instantly exchanges them for the USD or EUR that is wired to the recipient’s bank account. This approach eliminates the lengthy queues and hidden charges which come with providers who prioritise fiat, such as SWIFT, Wise, and Stripe.
In addition, Remittix helps businesses ease payment processing and payroll services since any crypto payment can be simplified and directly transferred to employees’ or contractors’ accounts in fiat. This solution significantly realigns operational expenses and streamlines financial practices and assets it brings to bear in a world that is rapidly accepting cryptocurrencies.
At the forefront of Remittix’s priorities are security and trust. The smart contract and $RTX token have been certified by leading blockchain auditors SolidProof and Blocksafu, cementing Remittix’s commitment to transparency and safety. To ensure long-term stability, Remittix has locked its liquidity pool and team tokens for three years, protecting investors against sudden sell-offs and promoting long-term stability.
Shiba Inu took the market by storm in 2021, locking in legendary price multipliers and minting more than a few millionaires along the way. However, the current picture is vastly different, as competition within the meme coin space is ever-growing, while Shiba Inu seems to be struggling to regain momentum.
At the time of writing, Shiba Inu is resting on support and the SHIB price is hovering around the $0.00021 mark, with little to no movements in terms of daily price action. On the monthly time frame, Shiba Inu’s losses amounted to 22% after a rejection around the $0.000030 mark, forcing SHIB to enter a descending channel.
Recently, on-chain analysis and whale tracking have revealed that over 565 trillion SHIB tokens are concentrated in just five wallets, roughly 57% of the entire supply. This has sparked fears of centralization among the Shiba Inu community, as this unbalanced distribution of the supply makes price manipulation easier.
The $RTX token, currently priced at $0.0199 during its presale, with over $2.5 million raised in record time. Projections indicate potential gains of up to 800% during the presale phase, with even greater returns of 5,000% once $RTX is available for trading on the open market. As demand for efficient global payment solutions grows, Remittix is set to become a major player in both the financial and crypto sectors, with the potential to bring generational gains to early adopters.
Website:https://remittix.io/
Socials: https://linktr.ee/remittix
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.