Shiba Inu Holders Turn to PayFi Utility as Meme Coin Momentum Slows

Shiba Inu (SHIB) holders are increasingly shifting their focus toward PayFi altcoins like Remittix (RTX) as the cryptocurrency market braces for the potential end of a meme coin-driven rally. Recent on-chain data and technical analysis indicate that SHIB, currently trading near $0.00001245, has entered a prolonged accumulation phase, with key resistance levels at $0.00001546 and $0.00001550 acting as critical benchmarks for a potential breakout. Analysts such as Crypto Feras and CW have highlighted the token's sideways consolidation between $0.000011 and $0.00001150 as a sign of strategic buying by long-term holders, with projections suggesting a potential 100% price surge to $0.00002462 if resistance levels are breached . However, market observers caution that selling pressure at $0.00001550 could limit short-term gains, emphasizing the need for sustained buying momentum .

The Shiba Inu community remains optimistic, driven by historical patterns such as the "Uptober" phenomenon, where SHIB has historically delivered 213% gains in October over the past four years. On-chain metrics further support this optimism, with exchange reserves at a two-year low and a 494.9% surge in burn rate in the past 24 hours, reducing circulating supply by 15 million tokens . Technical indicators like the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) have turned bullish, while Fibonacci retracement levels point to potential targets up to $0.00002834 . Despite a recent 0.17% 24-hour decline, SHIB remains up 6.23% weekly, reflecting resilience in the face of broader market volatility.

Meanwhile, Shiba Inu holders are redirecting attention to PayFi projects like Remittix, a cross-border payment platform gaining traction in unbanked regions. Remittix's presale has raised over $25.5 million, with early investors reporting returns exceeding 600%. The project's utility-first approach-enabling crypto-to-fiat transfers to 30+ countries with real-time foreign exchange conversion-has attracted partnerships with mobile money services and local cooperatives, particularly in Africa and Asia . Its upcoming beta launch of a multi-currency wallet on September 15, 2025, and confirmed listings on BitMart and LBank are seen as catalysts for liquidity and adoption . Analysts note that Remittix's flat-fee model and CertiK audit differentiate it from traditional remittance giants like Western Union and MoneyGram, positioning it as a disruptive force in the $190 trillion cross-border payments market .

The convergence of SHIB's accumulation phase and Remittix's real-world utility underscores a strategic shift in investor priorities. While meme coin enthusiasm wanes, PayFi projects are gaining traction for their tangible use cases. Remittix's focus on bridging crypto and fiat for underbanked populations aligns with broader trends in decentralized finance (DeFi) and real-world asset (RWA) integration. This shift is further amplified by regulatory clarity and growing institutional interest in utility tokens, with Remittix's staking program offering up to 8% APY and a VIP program enhancing user retention .

Market observers caution that SHIB's trajectory will hinge on its ability to maintain momentum above $0.00001271, while Remittix's success depends on scaling its global partnerships and navigating regulatory hurdles. However, the interplay between SHIB holders and PayFi altcoins like RTX highlights a broader narrative: as meme coin speculation cools, investors are prioritizing projects with clear, scalable applications in global commerce.

Source: [1] TheCryptoBasic (https://thecryptobasic.com/2025/10/06/shiba-inu-analyst-targets-0-00001546-as-key-level-for-shib-bullish-breakout-to-multiple-xs/)

[2] BreakingCrypto (https://markets.financialcontent.com/dowtheoryletters/article/breakingcrypto-2025-10-3-shiba-inu-gears-up-for-potential-breakout-as-accumulation-phase-intensifies)

[3] Benzinga (https://www.benzinga.com/crypto/cryptocurrency/25/10/48024831/shiba-inu-up-6-in-1-week-but-its-just-the-accumulation-phase)

[4] Coinedition (https://coinedition.com/shib-accumulation-price-breakout-onchain-technicals/)

[5] Lightport (https://markets.financialcontent.com/lightport.lightport5/article/marketminute-2025-9-15-remittix-rtx-rockets-towards-2025-a-deep-dive-into-the-payfi-tokens-explosive-potential)

[6] Coingabbar (https://www.coingabbar.com/en/crypto-blogs-details/remittix-continues-to-develop-partnerships-in-underbanked-regions-as-it-gears-up-for-a-high-profile-cex-listing)

[7] 193CountriesConsortium (https://193countriesconsortium.com/2025/01/remittix-emerges-as-game-changer-in-cross-border-payments-with-revolutionary-payfi-solution/)