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Whale Transactions Explode For Shiba Inu and Dogecoin, But Most Are Selling To Buy This New Altcoin

Press Releases Crypto News CryptoDaily UK Whale Transactions Explode For Shiba Inu and Dogecoin, But Most Are Selling To Buy This New Altcoin

Big investors, called whales, are making huge moves with Shiba Inu (SHIB) and Dogecoin (DOGE). But instead of holding, many are selling their coins to buy a new altcoin that’s gaining attention—Remittix (RTX). While Dogecoin stays strong and Shiba Inu struggles, whales are shifting to RTX because it offers real-world use and big growth potential. What’s making Remittix so special? Let’s find out!

Shiba Inu Burn Rate Soars, But Price Struggles Amid Market Sell-Off, Remittix Gains Momentum

Recently, Shiba Inu (SHIB) experienced a significant burn incident whereby over one billion SHIB tokens—worth $18,832.80—were transferred to a “dead address.” Since it helps lower the token supply and maybe enhance the price, this burn generated enthusiasm in the Shiba Inu community. Still, Shiba Inu’s price suffers even with the burn. Pricing at $0.00001757, SHIB is currently down 6.6% in the last 24 hours and has fallen 12.11% in the last week. With $539 million taken off from crypto assets in liquidations, this drop fits a larger market sell-off.

Remittix (RTX) is fast becoming popular as Shiba Inu struggles. Using cryptocurrencies, this creative PayFi concept provides underbanked people with a means of sending and receiving money anywhere. Remittix is fulfilling its promise with $10.6 million raised in a few weeks. Its Pay API helps companies to accept crypto payments and quickly translate them into FIAT currencies, therefore lowering the price-related risks.

Remittix is presenting itself as a game-changer in the global payments industry, giving financial freedom to those outside the conventional banking system, while SHIB battles with pricing volatility.

Dogecoin Faces Struggles While Remittix Gains Investor Interest

Price swings in Dogecoin (DOGE) have lately been somewhat noticeable. It lost 27.27% in December 2024, then recovered by 21.87% in early January; nevertheless, by January 28 it dropped once mo

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Author: Crypto Daily

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