Why Sentiment For Dogecoin and Shiba Inu Doesn’t Look Set To Shift Soon As Investors Favor Utility

The crypto market is a rollercoaster, and meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are feeling the heat, with DOGE down 4.5% to $0.17 and SHIB tumbling 4% to $0.000013 today. Hedera (HBAR), despite an impressive yearly surge, faces bearish resistance at $0.20. 

Negative sentiment is palpable, with investors souring on hype-driven tokens. Meanwhile, whispers of utility-backed PayFi platforms like Remittix are gaining traction, signaling a shift toward real-world solutions that could reshape market dynamics.

Dogecoin’s fading meme magic: Can it rebound?

Dogecoin, once the darling of Elon Musk’s tweets, is losing its shine. Trading at $0.17, DOGE pumped 10% in a week, but with open interest dropping $5B since December’s peak. On-chain data shows whale accumulation: 1.24% more wallets hold 1M+ coins. But 62% of holders are underwater, dampening morale. 

Source: CoinMarketCap

Technicals hint at a potential inverse head-and-shoulders pattern, yet resistance at $0.20 looms large. Without new catalysts like merchant adoption or Musk’s backing, DOGE risks spiraling to $0.06. Investors are eyeing utility-driven alternatives as meme coin fever cools.

Shiba Inu: Community strength, shaky ground

Shiba Inu’s vibrant community can’t mask its struggles. At $0.000013, SHIB’s 18.85% March to mid-April drop reflects fading meme coin hype, with 74% of its supply in whale hands fueling volatility. 

Shibarium’s integration and token burns (146M tokens last year) bolster long-term hopes, but 62% of holders face losses, and sentiment is souring. RSI above 60 suggests room for growth, but resistance at $0.00002 caps gains. With no robust utility, SHIB’s $8.1 billion market cap feels shaky, pushing investors toward PayFi solutions with tangible value.

Hedera’s enterprise edge faces hurdles

Hedera (HBAR) shines with enterprise-grade tech, backed by Google and IBM, trading at $0.1734 with a 100% yearly gain. Its hashgraph consensus delivers 10,000 TPS, ideal for smart contracts and NFTs. 

Yet its decline of approximately 33.8% from late March to the low in early April, and resistance at $0.236 signal bearish pressure. RSI at 70.23 and Nvidia’s AI integration fuel optimism, but HBAR’s retail adoption lags, limiting its reach. 

Source: CoinMarketCap

Analysts predict $1 in 2025 for HBAR, but whales are diversifying into PayFi platforms for broader utility, hinting at a sentiment shift.

Remittix: The PayFi powerhouse stealing the spotlight

Enter Remittix (RTX), a PayFi titan redefining global payments. Unlike meme coins’ hype or HBAR’s enterprise focus, Remittix bridges crypto and FIAT, offering instant, zero-fee transfers across 50+ cryptocurrencies and 30+ FIAT currencies.

Source: X.com

With Remittix, smart contracts do the heavy lifting: payments only go through when the conditions are met. It’s automatic, airtight, and perfect for keeping things fair and smooth.

The presale at $0.0757 has raised $14.5M, with over 528M worth of RTX sold (55.02% gone). To join, visit Remittix, click “Connect Wallet & Pay” on Ethereum (ERC20), choose crypto or card, verify, and await post-ICO airdrop. 

Token blocks sell out fast, with prices rising per tier. BlockSAFU-audited contracts and transparent ledgers ensure trust. A $250K giveaway and 30% APY staking ignite hype, with analysts eyeing 200x ROI, dwarfing DOGE, SHIB, and HBAR’s potential.

Conclusion

Dogecoin and Shiba Inu are bleeding, with sentiment souring as hype fades. Hedera’s enterprise chops face retail hurdles, but Remittix’s PayFi revolution is turning heads. Its zero-fee, real-world utility is pulling investors from DOGE, SHIB, and HBAR’s shaky ground. With a presale nearing sell-out and 200x potential, RTX is the spark for 2025’s bull run. Grab it before the PayFi wave leaves meme coins in the dust.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/ Socials: https://linktr.ee/remittix

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Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

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