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With ADA and SHIB prices tumbling, investors are moving into new projects like Remittix.
Market participants have been puzzled by the recent market crash, affecting Cardano (ADA), Shiba Inu (SHIB), and other top altcoins. However, beyond the background noise, analysts agree that 2025 could be a great year for crypto.
While investors are increasingly disturbed by the recent downturn, they are making a decisive shift, rotating funds from Cardano and Shiba Inu into projects like Remittix (RTX) — a new PayFi project.
Shiba Inu price drops despite high burn rate
As the second-largest meme coin by market share, Shiba Inu remains a key interest for investors. One of the most notable developments this week is SHIB’s burn rate skyrocketing by 847% within 24 hours, with 31,010,900 SHIB permanently removed from circulation.
Additionally, Shiba Inu revealed an upgraded version of its Swap and Bridge platform, which enhances cross-chain functionality and enables seamless swaps across multiple blockchains.
However, the Shiba Inu price has reflected bearish momentum amid the ongoing market sell-off. SHIB has likewise suffered a 34.76% monthly loss, with its price currently at around 0.00001544. Price forecasts indicate a potential for further downside in early February, making many holders increasingly cautious.
ADA holders see losses
The Cardano price has also fallen victim to the bearish headwinds sweeping across the market. After reaching a monthly high of $1.16, ADA faced a brutal 45% correction, now trading at $0.7335 as selling pressure intensifies.
One major reason for this downturn is the recent increase in whale transactions. In just one week, large-scale investors dumped over $200 million worth of ADA, significantly contributing to the price decline.
Despite this drop, technical indicators signal a potential reversal. The Relative Strength Index (RSI) currently sits at 64.27, suggesting a bullish divergence that could spark a recovery.
Remittix
This PayFi protocol is set to transform cross-border payments by integrating blockchain technology with traditional funds transfer. Remitix’s goal is to create a seamless pathway through which crypto-to-fiat transfers can be carried out from anywhere in the world and at any time of the day.
Unlike existing financial systems, Remittix’s global reach is not limited to developed nations — it aims to extend to underbanked regions, fostering financial inclusion in developing economies. The market has long lacked a reliable, cost-effective crypto-to-fiat solution, and Remittix looks to fill that gap.
Even as regulatory uncertainties and the pending SEC decisions weigh on the market, Remittix remains undeterred. A few weeks ago, the project launched its ICO, raising an impressive $10.7 million in record time.
For more information on Remittix, visit their website or socials.
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