Dogecoin News Today: Investors Shift to Utility-Driven Crypto as Meme Coins Fade

Shiba Inu (SHIB) is facing growing pressure as market dynamics shift in favor of utility-driven tokens like Remittix (RTX). Recent data from crypto analytics platforms indicates that SHIB could see a price correction of over 20% in the coming weeks, driven in part by growing interest in RTX among Cardano (ADA) holders. This trend highlights a broader move in the altcoin sector toward projects with real-world use cases and economic models that incentivize scarcity and long-term value [3].

Cardano’s ADA token has shown resilience, rising by 2% to $0.87 in the past 24 hours, despite a delayed decision on Grayscale’s proposed spot Cardano ETF. Traders have taken advantage of a broader market rebound, including a 2.8% gain in the CoinDesk 20 Index. The delay in the ETF decision has not significantly impacted ADA’s performance, as investors have remained focused on the potential for a Federal Reserve rate cut in September and broader altcoin momentum [1].

Meanwhile, Remittix’s RTX token has attracted attention as a high-conviction play in the PayFi sector. The project’s presale has already raised over $21.7 million, with over 624 million tokens sold at $0.0987 each. This has led to a listing on BitMart and plans for a second centralized exchange listing, signaling strong institutional interest. RTX’s deflationary model, which burns 10% of transaction fees, is designed to reduce the token’s circulating supply and create long-term value. Analysts have noted that if RTX processes $1 billion in transactions annually, it could reduce its token supply by up to 50% over three years [3].

The cross-border payment platform also targets a $100 billion remittance market by offering 0.1% transaction fees—far below the 5–10% charged by traditional services. With 1.2 million users and 400,000+ transactions processed, RTX is already gaining traction in a sector expected to grow significantly in the coming years. The project’s beta wallet, set for a Q3 2025 release, will support 40+ cryptocurrencies and 30+ fiat currencies, further enhancing its utility and scalability [3].

As market sentiment shifts toward projects with real-world adoption, SHIB and other meme coins are losing ground. Dogecoin (DOGE), for example, has seen its trading volume decline by 29.24% to $2.15 billion, despite a 4.51% price increase to $0.2205. This trend suggests that investors are increasingly favoring projects that offer practical applications over speculative assets [2]. Remittix’s strategic airdrops and 20% referral rewards have also contributed to its rapid adoption, attracting retail investors seeking high-conviction plays in the evolving crypto landscape [3].

In conclusion, the growing interest in RTX among Cardano holders reflects a broader realignment in the crypto market. As investors seek assets with tangible utility and economic models that promote scarcity, tokens like SHIB and DOGE may struggle to maintain their positions. The rise of PayFi projects like Remittix signals a shift toward a more mature, utility-driven crypto market—one that prioritizes real-world adoption over short-term hype.

Source:

[1] Cardano Spikes on Fed Cut Bets, Shrugs Off ETF Delay (https://www.coindesk.com/markets/2025/08/27/cardano-spikes-on-fed-cut-bets-shrugs-off-etf-delay)

[2] How Remittix Could Take Market Share Away From Dogecoin as RTX Predicted a Top Investment in 2025 (https://crypto-economy.com/how-remittix-could-take-market-share-away-from-dogecoin-as-rtx-predicted-a-top-investment-in-2025/)

[3] RTX Token: A High-Conviction PayFi Disruption (https://www.bitget.com/news/detail/12560604936977)