Developments on tariffs have once again shaken the market. Yesterday’s announcement of new tariffs increased the fear index to extreme levels, triggering widespread liquidations among short traders and retail investors. Sellers pushed several altcoins to lower lows; Bitcoin is back to 83k, while meme coins like Shiba Inu have remained relatively stable but could see a sharp drop before Friday.
Meanwhile, there is Remittix, a new payment network that secured back-to-back rallies in Q1 and is forecasted to experience a 100x moonshot before the final quarter. This innovative solution has drawn the interests of crypto top dogs and other retail investors.
Metrics reveal that an aggregate of $14.3 million has been invested in the project since its ICO went live. In the following paragraphs, we will explore some Shiba Inu news and understand why SHIB top dogs have decided to join the Remittix train.
Shiba Inu News: Increased Selling Pressure Could Ignite Fresh Declines
SHIB ended the just-concluded quarter on a low, suffering consecutive days in the red, but it nudged a big candle on April 1, which took its price above the $0.00001300 support. However, the sudden tariffs development from yesterday’s Liberation Day and the subsequent trading activity reversed the coin’s trajectory.
The Shiba Inu price fluctuations have been wildly unpredictable following the tariff declaration. According to Shiba Inu news, the SHIB price is down 8% in the last week. On the daily price charts, Shiba Inu is moving sideways, hovering around the $0.000012 support.
Buyers and sellers are familiar with this psychological threshold, as it has historically served as a bounce level for SHIB. Bears have the upper hand now and will try several attempts to push buyers past this support area before the week closes.
Experts believe a failure from buyers to hold above the $0.00001200 support might ignite fresh selling volumes, pushing Shiba Inu past the $0.00001150 and $0.00001100 levels in the second week of April. The possibility of the coin ‘gaining a zero’ this month is not impossible at this rate.
Remittix Will Revolutionize the Payment Industry in 2025
According to industry experts, Remittix is a payment network that will revolutionize the payment industry in 2025. By offering users a direct method to make fiat deposits via crypto, Remittix stands tall as the first ever crypto-to-fiat solution in the DeFi market. This innovative solution will redefine how users engage in cross-border transactions.
With Remittix, they will be able to convert crypto assets and send them directly to the local banks of the recipient without intermediaries. The platform runs 24/7 and works just fine regardless of where you are (i.e., Lagos in West Africa or London in Europe). Not to forget, the platform operates just like your banking app, with its user-friendly interface, while protecting users’ data and guaranteeing anonymity.
Businesses and freelance users are expected to exploit the affordability and speed of this PayFi platform once it hits the market. With the use cases available on Remittix, experts believe it wouldn’t come as a surprise for the payment network to be highly demanded and see a massive influx of users when it is launched. By then, the earliest RTX investors will have started making generational wealth.
Market participants eagerly anticipate the deployment of the Remittix testnet this quarter. Many also look forward to additional rollouts, such as strategic partnerships, multiple listings on CEX and DEX platforms, etc. To make things more interesting, metrics confirm that an aggregate of $14.3 million has been invested in the project since its ICO went live—not a bad start for a new runner!
Discover the future of PayFi with Remittix by checking out their presale here:
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