Shiba Inu and Polygon Unlikely To Repeat 2021 Glory, Say Analysts, This Coin Could Be 2025's Best Bet

Shiba Inu and Polygon Unlikely To Repeat 2021 Glory, Say Analysts, This Coin Could Be 2025's Best Bet
Written By:
IndustryTrends
Published on

Shiba Inu (SHIB) and Polygon (POL) were two of the breakout cryptos of 2021, which claimed unmatched crypto gains. SHIB gained +43,800,000%, and a holder who started the year with $3 ended 2021 with $1.3 million. POL was also a top performer, with a gain of over 14,000%, growing 2,020% on Q1 alone.

Fast-forward today, and both cryptos are struggling against extreme market volatility and lack of strong catalysts. Shiba Inu and Polygon crypto’s astronomical gains in four years are extreme outliers in this market, and difficult to match. As SHIB and POL strive to find its lost footing, other cryptos are offering a better value proposition. Remittix, with its ERC 20-based token, is surging towards its official launch with a revolutionary PayFI model.

No More Hassle—Remittix Makes Overseas Payments Easier

Unlike other popular traded cryptos, Remittix enters a  crowded field with a bold PayFi plan: a  crypto-to-fiat solution. Remittix aims at the current bottlenecks in global payments, where users are burdened by long and costly delays, and hidden fees.

With Remittix’s Pay API, it’s now possible to approve global payments that are settled in over 100 fiat currencies—lightning-fast, cheap, with no hidden fees. Remittix leverages blockchain technology to cut fees, speed up transfers, and keep transactions safe and transparent. The platform runs on an Ethereum-based smart contract, audited as ‘Very Safe’ by Blocksafu.

Remittix
Source: U Today

Shiba Inu’s Price Slows Down, But Burn Rate Surges

SHIB’s currently underperforming with price hovering above $0.00001219, and it's -44.8% from last year. Interestingly, SHIB’s price is also around 86% below its 2021 peak. Shiba Inu boasts a 24-hour trading volume that ranges from $168 to $207 million, reflecting strong liquidity. Also, SHIB’s volatility is rated at 7.3%, considered as ‘high’, reflecting its meme-coin status.

On-chain data suggests that SHIB’s network is busy, particularly in the growing volume of burn rate. Recently, devs noted a 112,839.2% spike in burn rate in just one day. SHIB’s burn rate coincided with an increase in whale activities, with large transaction volumes soaring to over 90%.

Polygon Posts Impressive Monthly Growth, But Price Remains in Consolidation

Polygon Posts Impressive Monthly Growth
Source: CoinGecko

Polygon crypto is currently trading above $0.2101, with a decent 24-hour trading volume of around $1.3 million. POL’s price action in recent days offers mixed signals at best for traders and investors—it’s +3% over the past 7 days, but down 10 to 13%, suggesting a pullback from its recent heights. Like SHIB, POL is still 66% below its high of $2.92 from December 2021.

As Polygon’s price consolidates, its network is currently experiencing a surge in growth and transactional activity. In May, the network recorded over 81 million transactions, a 20% increase over April’s 67.4 million.

Final Thoughts: Is Remittix the Best Bet This Cycle?

As Shiba Inu and Polygon continue to struggle, with no strong catalysts in sight, it’s highly improbable that prices will duplicate the astronomical gains in 2021. Both crypto’s price performance in the near term remains uncertain, too, making Remittix a better buy this year. Remittix’s RTX token is currently in presale, priced at $0.0781, and looking at $0.0811 on its next price leg-up. With its programmed price increase at every pre-sale stage, and Remittix project continuously enhancing its platform, the RTX token now offers a better value for traders and investors. Buy your RTX tokens while the price is low—connect your wallet, and join the presale today!

Get more information about the RTX token and presale activities here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp

                                                                                                       _____________                                             

Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. 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. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.

Related Stories

No stories found.
logo
Analytics Insight: Latest AI, Crypto, Tech News & Analysis
www.analyticsinsight.net