Shiba Inu Struggles To Break Out As Remittix Gains Social Media Traction Worldwide

Shiba Inu is once again under the spotlight, but not for the reasons many hoped. The Shiba Inu price is currently $0.00001276, with the meme coin facing stiff resistance and technical ambiguity. While Shiba Inu holders eye the next breakout, rising global interest in a new PayFi altcoin, Remittix (RTX), is beginning to draw serious attention across social media platforms.

Shiba Inu Burn Rate Flatlines Despite Hype

SHIB currently trades at $0.0000124. According to Shibburn, SHIB saw only 69,613 tokens burned in the past 24 hours, a figure virtually unchanged from the day before. This marks a 0% daily surge and suggests waning activity in one of SHIB’s most hyped deflationary mechanisms. Even more telling, just one transaction made up the bulk of this burn: a single burn of 69,420 SHIB.

Despite a modest weekly uptick of 81.32% in total burn volume (20.24 million SHIB), the broader outlook remains subdued. With over 41% of the 1 quadrillion SHIB tokens now burned, the circulating supply stands at approximately 589 trillion. Yet price action remains muted. 

Technical indicators reflect indecision. A death cross recently formed on SHIB’s daily chart, replacing the bullish golden cross seen in late August. With September historically being a mixed month for Shiba Inu, two of the last four closing green, traders are watching closely. So far this month, SHIB is up only 1.80%, adding to the uncertainty.

Remittix Captures Global Buzz With Utility-Focused Model

While Shiba Inu stagnates, Remittix is thriving. This new PayFi altcoin has ignited conversation across X (formerly Twitter), Telegram, Reddit and crypto YouTube circles as it positions itself as a real-world utility token rather than just a speculative asset.

Remittix has now raised over $24,6 million, sold more than 652 million tokens, and is priced at $0.1050. Analysts and retail traders are highlighting Remittix as a more practical alternative to meme tokens like SHIB. Some of the reasons are:

• Real Payment Use Cases: Designed for real-world transactions, not speculative memes or promises

• Third CEX Incoming: After BitMart and LBANK, a third exchange will deepen liquidity and exposure

• Cross-Border Functionality: Seamless crypto-to-bank transfers make Remittix ideal for freelancers and remitters

• Tokenomics With Deflation Built In: A utility model designed for long-term sustainability and adoption

• Growing Global Recognition: Trending in multiple regions as the PayFi model gains traction

SHIB Faces Resistance As Investors Explore Real-World Altcoin Solutions

Shiba Inu's flatlining burn rate and the technical weakness emphasize the growing frustration among the holders seeking the next wave of gains. There might still be room left for SHIB to go higher, but the momentum on the rise appears to be fading away. On the contrary, Remittix stands as an example of the wider investor shift towards real-world use cases and early-stage utility tokens. With the September alt-window opening wider, Remittix is throwing its hat in the ring as a breakout candidate. Whether or not SHIB will rise again to regain its lost glory remains to be seen, but with Remittix, the smart money is clearly setting out next.

Discover the future of PayFi with Remittix by checking out their project here:

Website: https://remittix.io/ 

 Socials: https://linktr.ee/remittix

$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway