Shiba Inu may be the second-largest meme coin by market cap, but that doesn’t seem to mean much in the ongoing cycle amid a general decline in the meme coin sector. Shiba Inu, like other top meme coins in the industry, has fallen into a steep price decline, as investors pivot from memes to alternative tokens like payments and DeFi.
With Shiba Inu and the general meme coin sector in decline, investors may find more joy by pivoting to alternative tokens as we head deeper into the bull run. Analysts believe these two options, Pump Fun Token and Remittix, have great fundamentals and could perform far beyond expectations by the end of the ongoing cycle.
Shiba Inu Dips as Pump Fun Token Generates Headlines As Ongoing Cycle Heats Up
Despite being the second-largest meme coin by market cap and a top twenty crypto by market cap, Shiba Inu has not benefited from the recent wave of price appreciation that has washed over the crypto industry, most likely due to a lack of interest in memes and meme coins in this cycle.
Due to this, the token has dipped considerably, falling by nearly 15% in the past week as the bull run heats up. Analysts are now suggesting that investors should pivot to more promising options. One name that has come up in discussions is Pump Fun Token, the native crypto of the popular meme coin launchpad, Pumpfun. Another name is Remittix, the upcoming PayFi project expected to transform the global payments sector.
Remittix Leads The PayFi Charge As Ongoing Bull Run Heats Up
Upcoming PayFi project, Remittix, has emerged as an ideal investment option in the ongoing cycle amid a general decline in several crypto categories, such as meme coins. Remittix has caught the eye over the past few months, mainly due to its potential to transform the global payments experience with impressive features, such as:
- Direct crypto-to-bank transfers in over 30 countries worldwide
- 50% token bonus for early adopters and supporters
- 20% referral rewards for onboarding new users
In the past month, the project has ramped up efforts to attract new users and investors as it heads closer towards its launch day. An example is the recent $250,000 mega giveaway from early investors and supporters.
Another effort is the launch of its crypto wallet beta phase. Just like other top crypto wallets in the industry, the Remittix wallet is expected to have top functionality and allow users to perform crypto actions onchain, but also interact seamlessly with fiat in the real world.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix $250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
Disclaimer and Risk Warning
The content featured on Coinpedia’s press release page is provided for informational purposes only. Coinpedia does not endorse, verify, or take responsibility for the accuracy, completeness, or reliability of any press releases or associated materials. Any views, opinions, or statements expressed in these press releases are those of the respective issuers and do not reflect the opinions or positions of Coinpedia. Coinpedia is not liable for any content, products, services, or actions mentioned in the press releases. Readers should independently verify the information before taking any actions related to the subject matter of the releases.
