The cryptocurrency market is once again attracting retail investors, with memecoin tokens like SHIB and PEPE back in discussions. Let's explore the current performance of these tokens and their potential for growth.
Current State of SHIB
The price of Shiba Inu (SHIB) has risen by 2.55%, currently trading at $0.00001552. The market cap for SHIB stands at $9.14 billion, with an average trading volume exceeding $597 million. This increase has been driven by positive news regarding token burns and ecosystem growth, alongside SHIB's introduction into decentralized finance.
PEPE: Potential for Growth
PEPE token has seen a slight decline of 2.19%, settling at $0.00001406. However, its trading volume surged by more than 50% to $1.84 billion. Some traders believe PEPE might still hold growth potential if its popularity remains strong.
Future of Remittix and Its Distinction
Beyond memecoins, Remittix (RTX) is building a platform for cross-border crypto payments. Unlike meme tokens, this project provides real utility by enabling users to send BTC, ETH, and XRP directly into bank accounts in over 30 countries. It aims to address the issues of high transaction fees and slow transfers.
With the renewed wave of interest from retail investors, SHIB and PEPE remain in the cryptocurrency spotlight. However, Remittix offers another layer of protection against the volatility of memecoins through its utility-focused platform.
