Understanding whale behavior is a common tactic investors use to help narrow down investment choices and identify the best altcoins to buy. Since their trades can move prices significantly and create ripples felt across the market, knowing what they are up to sometimes offers clues about market trends, potential price changes, and helps uncover market opportunities.
Recently, a new trend has been noticed among Shiba Inu (SHIB) whales. These SHIB early adopters are migrating to Remittix (RTX), a new crypto they believe has multi-billion-dollar potential. Many experts argue that Remittix could be the next crypto to 100x, providing both short-term and long-term opportunities for investors.
But what is it about Remittix that is attracting such significant whale interest? Could this new crypto project live up to market expectations? Let’s uncover the details.
Shiba Inu (SHIB): Early Success and Current Struggles
Launched in 2020, Shiba Inu burst into the market with a vibrant community of dog lovers and memecoin faithfuls shortly after. Due time has seen SHIB grow from a mere speculative asset into a utility-driven ecosystem.
Last week, Shiba Inu unveiled ShibOS, a blockchain-based OS with the goal of improving Web3 adoption. This operating system would aid developers in building scalable and privacy-conscious applications optimized for various use cases. This launch marks a major milestone, introducing 36 different chambers to develop apps, each tailored for a specific purpose.
Despite this exciting development, SHIB has been struggling in the market. Currently valued at $0.00001856, SHIB suffered a steep 11.52% decline in a single day after moving sideways last week. The token’s price is now 18.4% lower than its value a month earlier. On Monday, SHIBsaw a new monthly low after slipping past the critical $0.00002 support level. SHIB’s bearish behaviour has raised concerns among investors. Interestingly, buyer sentiment remains hesitant as the market evaluates SHIB’s troubling trajectory.
By observing whale movements, investors tend to gain insight into the trend of the market. Analysts have noticed that some early movers of Shiba Inu are now changing their focus and accumulating Remittix, a new crypto project with huge profit potential. These movements have triggered the in
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Author: Crypto Daily
