Why Experienced Crypto Traders Are Backing Trending Altcoins Like Remittix Over Shiba Inu In August

14 hours ago 2

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At the same time, a new PayFi altcoin, Remittix (RTX), is quickly emerging as a top choice for seasoned traders, especially after crossing $22 million in presale funding and securing confirmed listings on BitMart and LBank.

So, what’s behind the shift? And why do experienced traders back projects like Remittix instead of doubling down on Shiba Inu?

Shiba Inu Struggles To Break Out

For weeks now, Shiba Inu has been locked in a tight range. The token briefly reclaimed $0.000013, but heavy resistance around $0.000014 continues to cap rallies. Technicals don’t look much better either: the EMA lines recently formed a death cross, while the Awesome Oscillator turned negative, both signaling fading bullish momentum.

Shiba Inu Price Chart | Source: TradingView

Market sentiment also reflects this struggle. SHIB is trading inside a descending parallel channel, a bearish setup that suggests sellers remain in control. Analysts warn that Shiba Inu could drift lower if the current weakness persists, potentially testing $0.000010 support soon.

That doesn’t mean SHIB is dead. A surprise breakthrough could rally toward $0.000019, but odds are slim until market momentum shifts firmly. However, the lack of steady growth is driving many seasoned traders to seek alternatives with stronger fundamentals.

Remittix (RTX) Stands Out As A Utility-Driven Play

This is where Remittix (RTX) enters the picture. Unlike Shiba Inu, which relies on hype and community burns, Remittix is building a real-world payment solution through its PayFi model. The project lets users send over 40 cryptocurrencies and have them instantly converted into fiat in 30+ countries, often within 24 hours.

Momentum is already strong: the RTX presale has crossed $22,3 million with over 630 million tokens sold. With confirmed listings on BitMart and LBank and potential for more exchange announcements before the presale ends, liquidity will be ready from day one.

The upcoming Q3 Beta Wallet launch is another driver. It will allow users to send, receive and track payments seamlessly, while businesses can plug into the Remittix Pay API to accept crypto but settle in fiat, cutting volatility risks.

On top of this, the $250,000 giveaway continues to fuel community engagement, showing that this isn’t just another presale; it’s a project with momentum on multiple fronts.

Why Traders Are Choosing RTX Over SHIB

For experienced traders, the contrast is clear. Shiba Inu is still range-bound and awaiting a decisive breakout that may or may not come. Its reliance on speculative hype exposes investors to long consolidations and sharp selloffs.

Remittix, meanwhile, is being positioned as a best-in-class altcoin for payments, backed by strong presale demand, exchange listings and product rollouts that give it real-world utility. Traders looking for growth opportunities see RTX not just as another presale token, but as a project that could scale into a global PayFi solution and that’s the type of upside that SHIB simply doesn’t offer right now.

With the altcoin season heating up, this is why smart money is moving. Shiba Inu may grab headlines, but Remittix is grabbing capital and in crypto, that speaks louder than hype.

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


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