Shiba Inu Drops 5% This Week Amid Waning Momentum, Remittix Gains Traction

Shiba Inu has experienced a 5% decline this week, causing concern among traders about whether this is a temporary dip or the beginning of a more significant downturn. The decline in volume and burn rates suggests that SHIB’s momentum is waning.

In contrast, Remittix (RTX) is gaining traction in the crypto space. Its real-world payment utility and rapid presale growth have led to projections of a 100x increase. As meme coins face uncertainty, some investors are turning to practical altcoins that offer more than just hype, and Remittix fits this description.

Shiba Inu's price has dropped to around $0.000015, down from this week’s high of $0.00001750. The decline is not isolated, as SHIB’s 24-hour trading volume is significantly lower compared to competitors like Dogecoin and newer meme coins like Pepe and Bonk. Even low-cap coins such as Official Trump and Dogwifhat are now registering higher daily volume, underscoring SHIB’s fading momentum.

This drop in engagement extends beyond spot trading. In the derivatives market, SHIB’s open interest in futures has fallen from a recent high to just $216 million. Low open interest often signals reduced speculative activity, fewer traders placing big bets, and less liquidity flowing into the token.

Another concern is the sharp dip in SHIB’s burn rate. Just 3.3 million tokens were burned on Sunday, marking a 78% drop compared to earlier. Burns have long been a sentiment booster for the Shiba Inu community, often coinciding with price spikes. This slowdown hints that fewer people are engaged with tokenomics-driven supply cuts, and that’s reflected in the price.

The Shibarium network isn’t helping much, either. Its total value locked (TVL) fell from $3.98 million to $3.41 million in a week, with key dApps like ShibaSwap and K9Finance leaking assets. While SHIB bulls argue that the weekly chart is forming a double bottom at $0.00001076—a pattern known for predicting breakouts—the upside remains theoretical unless sentiment shifts dramatically.

There’s also some technical hope in the form of a developing harmonic XABCD pattern, which, if it plays out, could send SHIB price to the $0.00004618 level, a 227% jump. But for now, SHIB price is stuck in a holding pattern, and traders are eyeing whether this is just another lull or the beginning of a larger retreat.

As the meme coin market looks shaky, capital is rotating into new plays with more room to grow. Projects like Remittix, backed by real-world use cases and fresh tokenomics, are now drawing attention from those aiming for 100x returns—something SHIB has struggled to promise in its current consolidation phase.

While Shiba Inu stalls and struggles to regain momentum, Remittix quietly commands attention for all the right reasons. At a time when meme coins are seeing drops in trading volume and utility, Remittix is flipping the narrative by offering a payment solution that works in the real world.

Its core feature is simple: users send crypto, and the recipient receives fiat directly into their bank account. There is no exchange, no KYC for the receiver, and no complications. Just one connected wallet, and the money moves.

What makes Remittix stand out isn’t flashy branding or meme power; it’s function. The platform runs like a fintech app, hiding blockchain complexity while offering an intuitive interface that even non-crypto natives can benefit from. Someone in London can pay a contractor in Nairobi, or a freelancer in Manila can get paid by a client in Berlin, all in their local currencies. It’s crypto used like cash, but faster and smarter.

Remittix operates on the Ethereum blockchain using secure ERC-20 smart contracts. The platform has been audited, and transparency is central to its architecture. With publicly available smart contract addresses and a compliance-first design, Remittix appeals not only to crypto natives but also to fintech professionals looking for scalable solutions in cross-border payments.

Over $15.1 million has already been raised in the Remittix presale, with more than 536 million RTX tokens snapped up. The current price of $0.0757 is seen by many as a bargain, especially as analysts start whispering about 100x potential in the next cycle.

While SHIB holders wait for bullish patterns and burn rate rebounds, RTX executes on a real plan. With growing traction and a clearly defined market in global remittances, the shift from speculation to utility is happening fast. Remittix might be the altcoin that leaves meme tokens in the dust.