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Since their introduction, meme coins have built a reputation for sparking bullish excitement in the crypto market in addition to the fun they bring. This explains why these community-driven cryptocurrencies have grown astronomically to a collective market cap in excess of $100 billion from about $20 billion at the start of 2024.
However, with Dogecoin (DOGE) and Shiba Inu (SHIB) bracing for price actions and in the middle of the crypto market’s warm reception to OFFICIAL TRUMP (TRUMP), some analysts believe the meme coin sector is at capacity and that investors might want to pay closer attention to the DeFi sector where a new project is creating a sensation.
Are there more than enough meme coins, and what are the prospects of Remittix’s PayFi solution? We’ve got the tea.
While meme coins do not offer much utility, they are the funbox of the DeFi industry and arguably the fastest-growing sector in the crypto market. According to a 2024 report that studied more than 30,000 meme coins, the average lifespan of a meme project is one year. This lends some credence to their ‘pump and dump’ notoriety. Regardless, more and more meme coins continue to hit the market.
The newest addition to the meme coin market is the OFFICIAL TRUMP (TRUMP). As its name suggests, the coin was launched by the US president-elect, Donald Trump himself, in the early hours of January 18. Trump has been vocal about his government’s plan to support cryptocurrency. So, as expected, the TRUMP coin quickly stole the meme coin spotlight from industry leaders like Dogecoin and Shiba Inu.
In just three days, the TRUMP meme coin’s market cap has hit $9.04 billion, bursting into the top 20 ranking in record time. The Trump Coin price has recorded about 580.36% gains, spiking from its opening price of $6.24 to its current $44.09.
However, the initial excitement seems to be cooling as the Trump Coin price has dropped 41.64% below its few-hour-old ATH. Experts are calling for caution, given how meme coins lose dip value immediately the excitement around them fizzles out.
It’s been a quiet few days for Dogecoin and Shiba Inu as the Trump Coin price rally has dominated the meme coin sector. It also doesn’t help that both top meme coins have struggled to consistently ride the recent bullish market wave.
On its own part, Dogecoin’s market cap has declined by 9.22%, and the DOGE token price has lost 9.32% on the daily trends, raising questions about Dogecoin’s price trajectory going forward, especially now that the meme coin has found a new bride the Trump meme coin.
It’s a similar tale for Shiba Inu. The SHIB token is trading at a loss across daily, weekly, and monthly price trends. Not surprising, really, considering Shiba Inu has failed to show any serious bullish signs since the rally in early December last year.
Whether the market has moved on from these two top meme coins is a matter of time. But one thing is clear: the meme coin sector doesn’t have enough utility to maintain a consistent price trajectory.
As the meme coin sector reaches a saturation point, analysts point to the DeFi market as the right place for a viable portfolio. Enter Remittix (RTX).
Unlike meme coins, Remittix offers real-world value through its PayFi protocol—a decentralized platform that bridges the gap between cryptocurrencies and fiat currencies.
Remittix allows businesses and individuals to conduct cross-border transactions without the delays or hidden fees common with traditional financial institutions. With its Pay API, businesses will be able to accept crypto payments in fiat and in less than 24 hours.
With the platform supporting over 50 cryptocurrencies (including meme coins like SHIB and DOGE) and 30+ fiat currencies, Remittix creates an efficient bridge between DeFi and traditional finance.
The excitement around Remittix is evident in its presale, which has raised over $4 million in under three weeks. The presale price started at $0.015 and is now $0.0228, market analysts project that RTX could reach the $1 mark sometime this year, especially seeing how the token is driven by growing adoption and strategic market positioning.
With predictions of over 5,000% returns, Remittix is more than just a promising altcoin—it’s a blueprint for the future of DeFi-powered financial solutions.
Join the presale and community now!
Website: https://remittix.io/
Community: https://linktr.ee/remittix
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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.
