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Dogecoin (DOGE) is valued at $0.1724 today after losing 2.81 % in the last 24 hours, while Shiba Inu (SHIB) is valued at $0.00001275 after losing 2.73 %. DOGE's capitalization is at nearly $25.7 billion with a daily trade volume of $579 million, while that of SHIB is at $7.5 billion on $129 million.
Softness in both favorites has got the traders questioning whether meme-coin rotation is occurring and, if it is, where the next leg of upside is heading. One emerging answer? Remittix (RTX), a fee-sharing bridge token gaining ground as a utility, takes center stage.
For much of 2024, Dogecoin had tailwinds from social buzz flavoured by Musk, and a network spike on DogeChain, but on-chain indicators from IntoTheBlock show large-holder transaction volumes dropping off 14 % since mid-April. That pullback is a sign of whales pursuing other opportunities for greener pastures.
Shiba Inu also receives an equal test of patience. Even post-rollout of Shibarium L2, daily active addresses are still about 6,000—about half of the January figure—showing retail demand has run out of steam. The latest burn rate report confirms only 280 million SHIB removed this week versus billions in previous weeks of the year, draining bullish fuel.
Notably, neither project pays holders directly: no protocol fees are automatically credited to wallets. Where sideways markets prefer yield over nostalgia, Messari analysts note that "capital continues to flow into tokens with built-in cash-flow."
Glassnode exchange-withdrawal statistics reveal nearly $15 million worth of Bitcoin and Ethereum leaving centralized exchanges and popping up in smaller wallets tagged to new payment-utility projects.
Top among them is Remittix (RTX)—an entry point that converts crypto into local bank deposits in minutes. With every exchange burning some of the RTX and sending a fee discount to stakers, early supporters receive actual income instead of hoping for sheer upside.
Meanwhile, mid-cap smart-contract rival Avalanche has acquired some of Dogecoin's drift. Yet its DeFi total value locked is still below $2 billion, with plenty of space for disappointment if Bitcoin dominance returns.
That risk profile is leading some portfolio managers to avoid middle-tier assets altogether and opt for barbell exposure: a splash of large-cap liquidity (BTC or ETH) and a high-conviction micro-cap that can move 10× without needing a trillion-dollar backdrop.
Dogecoin's chart features a bearish-triangle resistance level of around $0.19. Bulls need a convincing daily close above that level, along with rising volume, to revive the long-suppressed breakout narrative to the psychological $0.25 region.
Fundamental support could arrive in the guise of Robinhood once more listing DOGE for New York clients or in the case of a long-promised Dogecoin Foundation staking architecture maturing into code. Shiba Inu's road map is also event-driven.
ShibaNet, a decentralized exchange and a full metaverse alpha, is what the community is waiting for to increase utility. But devs have not set hard launch windows, which sucks momentum. Without big catalysts, market-makers appear content to range-trade SHIB between $0.000012 and $0.000014.
Until those milestones are achieved, liquidity has no choice but to trail tokens that pay out today, not tomorrow—a phenomenon readily observed in DEX screener dashboards where fee-sharing tokens lead the weekly volume gainers' list.
At $0.0757, Remittix boasts more than $14.74 million raised in funds and 532 million tokens consumed, yet its fully diluted cap is under $80 million—a mere 0.3% of the size of Dogecoin. The project's unique selling point is a crypto-in, cash-out vehicle that already has Nigerian and Filipino traders connected to instant bank settlement.
Each time a user funnels BTC, ETH—or, yes, even DOGE—through the bridge, two events take place. A micro-burn reduces circulating RTX, increasing the shortage. A portion of the conversion fee is allocated to the staking pool, rewarding passive yield to holders.
A succession of upcoming milestones energizes that flywheel. Management expects an EU e-money licence decision this summer, opening direct EUR corridors, as the Solana Pay integration plans for Q3. Either one may double daily volumes and thereby stakeholder revenues.
Picture a Brazilian freelance designer who charges in USDT, swaps to RTX through a DEX, and receives reais on the same day at her neighborhood bank—piggybacking fee rewards in the process. That tangible utility is light-years away from social media popularity-based meme-coin speculation.
Dogecoin and Shiba Inu still maintain enormous communities and could come roaring back if new news breaks, but their current swoon points to a trend in investor preference towards tokens that offer upside with yield. Remittix fits the bill: low cap, real revenue, and near-term regulatory catalysts.
To re-deploy capital traders, no longer is it "Will the memes pump?" but instead "Which asset will pay me to hold?" Until DOGE reclaims $0.19 or SHIB provides its metaverse, the answer may very well be RTX.
Want to try Remittix out yourself? Go visit the official webpage, read over the whitepaper, and decide if a yield-paying bridge token is worthy of a place along with your preferred memes.
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