1 week Ago
Shiba Inu has burned approximately 17 million tokens to put deflationary pressure on its price but the meme coin is still stuck in a short-term correction period. Meanwhile, Dogwifhat is showing signs of a trend reversal after consolidating losses for the last few weeks. As analysts anticipate a massive memecoin supercycle in early 2025, tokens like Shiba Inu and Dogwifhat are likely to reach new all-time high prices within the next few months.
Shiba Inu (SHIB) Expected to Regain Upward Momentum by Early 2025 Shiba Inu has a dedicated Layer 2 network called Shibarium which has already burnt approximately 17 million tokens in the last few months. This token burn strategy is meant to put deflationary pressure on the price of Shiba Inu. If Shiba Inu has a scarce supply, natural market forces are likely to increase the token’s price.
Despite this rapid token burn, Shiba Inu is still experiencing some selling activity from investors who held short positions. Shiba Inu is currently trading for $0.00002096 after a 9.
58% decline over the last 24 hours. The trading volume has increased by 26.41% which could indicate both buying as well as selling activity amongst Shiba Inu holders.
Since technical indicators like the RSI are still neutral, analysts believe Shiba Inu could rally towards a critical $0.00003871 price target. Market experts also suggest that Shiba Inu is only experiencing a short-term retracement before gaining upward momentum in early 2025.
Dogwifhat (WIF) Consolidates Losses Before Meme Supercycle in 2025 Dogwifhat is painting a bearish picture on its daily chart as the token has been trading in the red zone during the last few days. Despite optimistic predictions about meme coins after the post-election hype, Dogwifhat’s price has declined by 40.15% during the past month.
Dogwifhat is currently trading for $1.93 after an intraday decrease of 11.75%.
Dogwifhat’s trading volume has suddenly increased by 17.72% which suggests an increase in buying the dip activity at these levels before the highly anticipated meme supercycle in early 2025. Since Dogwifhat reached an all-time high market cap of $4.
4 billion during the last memecoin cycle between December 2023 and March 2024, analysts are optimistic about big gains in Dogwifhat’s price soon. Dogwifhat’s technical indicators like the CCI and Williams Percent Range are confirming these optimistic predictions as the token appears to be entering a reversal phase after consolidating its losses. If Dogwifhat’s upward trend continues, the meme coin could soar towards the R3 resistance at $9.
12 soon. Remittix (RTX) Offers Bigger Buying Opportunity Than Meme Coins in Q4’s Bull Market While meme coins are still struggling to make a comeback after a long period of trading sideways, there’s a new altcoin in the market that is already stealing the hype. Remittix’s new cross-border payment solution is backed by the latest blockchain technology and is powered by the native $RTX utility altcoin.
By combining fiat cross-border payments with the speed of crypto, Remittix is ready to revolutionize the entire $183 trillion banking industry in 2025. Analysts are already betting big on Remittix due to the platform’s unique cross-border trading features. By bridging the gap between cryptocurrencies and local payment networks, Remittix allows traders to use their cryptocurrency to deposit fiat directly into a recipient’s local bank account.
Since crypto is received instantly and fiat payments are sent through local networks, Remittix ensures same-day processing regardless of where you’re sending the funds. Remitix is already compatible with more than 30 currencies which makes it the first cross-border payment solution to offer crypto-to-fiat deposits. While traditional banking apps still charge enormous fees, the best part about Remittix is that every transfer comes with a flat fee and no extra charges.
Since user experience and privacy are at the heart of Remittix, the platform has already gotten a complete audit from both SolidProof and BlockSAFU to deliver a secure banking experience. Considering these features, leading market experts believe Remittix’s presale is a better buying opportunity than volatile meme coins like SHIB and WIF. Since Remittix is currently selling tokens for a low price of only $0.
015 each, now is the ideal time to invest in RTX before the price skyrockets due to high demand! 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.
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