Amid a general market recovery, memecoins like Shiba Inu and BONK continue to decline in value. We will explore the reasons for this downturn and the potential outlook for each asset.
Shiba Inu Price Prediction: Bearish Pressure Mounts
Shiba Inu has seen a drop of 4.4% over the past 24 hours, reaching a level of $0.0000132. This marks its lowest point in two weeks, indicating growing pressure on its price. Despite a significant spike in SHIB's burn rate by 17,000%, analysts warn that this may not be sufficient to support growth, given ongoing sell-offs from large holders.
BONK: Possible Pullback or Short-term Rise?
BONK has also declined by 12.2% in recent days; however, analysts are optimistic about its recovery prospects in August. After climbing 154% this month, the current dip is viewed as a healthy pause before a potential rally. Increased active wallet addresses and community buybacks support this positive outlook for BONK.
Remittix (RTX): Growth Prospects in the Crypto Market
Remittix (RTX) is drawing attention for its unique ability to send crypto directly to bank accounts in over 30 countries without the need for centralized exchanges. Analysts predict a potential 50x rally for the token in Q3, due to a successful crowdfunding effort, the upcoming launch of a wallet featuring real-time functionalities, and other innovations.
Despite the instability in the memecoin market, assets like Shiba Inu and BONK are facing challenges; however, there are signs that recovery may be on the horizon. Remittix also represents an interesting opportunity for investors, considering its potential and uniqueness.
