Over the course of the past few months, Shiba Inu and Dogecoin have continued to flatline, with no significant price surge or momentum. On-chain metrics continue to report massive selloffs on both tokens, with the liquidated funds being invested in an emerging PayFi solution, Remittix.
The recent event turnouts continue to reinforce the earlier forecast from analysts that meme coins aren’t worth investing in 2025. Let’s find out.
Shiba Inu And Dogecoin Continues To Flatline
Meme coins were the hottest crypto of the year during the 2021 bull cycle. DOGE was at the forefront, endorsed by Elon Musk, and its price skyrocketed. It was even adopted as a means of payment by Tesla. Shiba Inu also followed Dogecoin’s steps, and its early investors saw returns of over 100x.
However, after the bull cycle ended, interest in meme coins waned, and since none had any utility or roadmap, their price dropped. The Meme coin market cap, which once stood at over $67 billion, is pegged today at $46.50 billion.
The drop in interest in meme coins is also sponsored by the broader diversification into utility-driven projects. Investors are aware that meme coins often follow the market tide and are heavily affected during bearish periods, which is why they choose projects that can withstand market fluctuations.
Investors are instead investing in utility-focused projects, especially Payfi solutions like Remittix, due to the increasing adoption of cryptocurrency as a mode of payment.
Remittix, The New Community Favourite
Remittix is built on the Ethereum blockchain to facilitate crypto-to-fiat transactions across more than 30 countries, supporting over 40 cryptocurrencies. Users send cryptocurrencies converted with a live FX rate on the app, which is then deposited as fiat to the recipient’s account.
It also features a referral program that allows users to earn rewards on the platform. Users will earn a 15% reward on the buyer’s presale purchase in USDT. Remittix also had an API designed to help merchants, freelancers and international business owners process crypto payments.
Remittix highlights:
- A full CertiK audit has been completed; liquidity and team tokens have been locked for a period of three years.
- Beta testing for the Remittix wallet is now live, with community users actively testing it.
- The remittix team is now verified by CertiK, the #1 blockchain security firm. RTX is ranked #1 on CertiK for pre-launch Token.
- Designed for both crypto natives and non-crypto users, it can be used by business owners, freelancers, and remitters.
Discover the future of PayFi with Remittix by checking out their project here:
Website | Socials | $250K Giveaway
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