The second quarter of the year has seen potential recovery signals in the crypto market, with Shiba Inu showing an uptrend on the weekly timeframe. Meanwhile, Remittix continues to develop its platform for crypto-fiat transactions, independent of market trends.
Current State of Shiba Inu on the Market
Shiba Inu, one of the leading meme coins by market capitalization, is losing favor among traders. Since its surge in 2021, Shiba Inu has struggled to sustain significant price rallies. Last week, the price of SHIB dropped after reaching $0.000015, dipping to $0.000012 before stabilizing.
Shiba Inu Price Predictions
Market correction and insufficient network activity make Shiba Inu's prospects uncertain. Although some are hopeful for a price rebound, the recently lost support level signals a potential further dip. While Q2 might offer growth, without activity and traffic, significant recovery seems unlikely.
Remittix Crypto Platform and Its Future
The Remittix project aims to bridge the gap between crypto and fiat systems, especially in fund transfers. Users can send cryptocurrency directly to fiat accounts at minimal costs and without discovery risk. With these utilities, Remittix expands the use of cryptocurrencies as payment methods.
Despite the potential market recovery and fan efforts for Shiba Inu, the token faces difficulty in maintaining its standing. Meanwhile, the Remittix platform is gaining traction due to its unique offering, gradually expanding the role of cryptocurrencies in the global financial landscape.
