Despite a general surge in the crypto market, Shiba Inu and Trump Coin are losing popularity. Investors are gradually shifting their focus to new tokens like Remittix.
Shiba Inu Struggles to Regain Market Confidence
Shiba Inu (SHIB) saw a modest gain of 5.11% in the past 24 hours, yet traders remain skeptical about its recovery. Even with a 21% rise over two weeks, SHIB is still down 25% from last year's levels. Analysts noted a breakout from a long-term bear trendline and reclaimed support at $0.0000147, which was once a major resistance.
However, the market sentiment appears lukewarm. While SHIB forms a bullish chart structure, the momentum remains slow.
Trump Coin Fades as Traders Seek Real Utility
Trump Coin made headlines again after TRON founder Justin Sun announced a whopping $100 million investment ahead of its launch on the TRON blockchain. However, the hype hasn't led to lasting momentum. The token’s price has dropped from an initial valuation of $19 million when Sun acquired his holdings to closer to $12.6 million.
Although the collaboration was pitched as a political-crypto crossover, genuine interest in the token hasn't significantly increased.
Remittix Builds Momentum with Real Utility
As Shiba Inu and Trump Coin continue to find their footing, a new contender, Remittix, is emerging with substantial utility. This token addresses real issues in financial transfers by enabling users to convert cryptocurrency to fiat instantly without fees or delays.
Remittix's ability to support over 30 local currencies and facilitate microtransactions with near-zero fees makes it appealing to investors. Additionally, its payment API simplifies interactions for developers and businesses.
While Shiba Inu and Trump Coin continue to lose trader interest, Remittix shows how cryptocurrencies with real utility can capture investor attention, surpassing less functional tokens.
