Pepe Coin (PEPE) and Shiba Inu (SHIB) Are Making Waves Again

Once again, Pepe Coin (PEPE) and Shiba Inu (SHIB) are making waves, with their open interest surging close to all-time highs.

Once again, Pepe Coin (PEPE) and Shiba Inu (SHIB) are making waves, with their open interest surging close to all-time highs. As their prices begin to rebound, traders and investors are asking the same question: Are these meme coins ready for a breakout or is a sharp correction on the horizon?

Shiba Inu just rocketed past $0.000015 with an 18% MoM growth and PEPE outperformed with a 74% MoM growth as momentum builds again. However, is this another flash in the pan or has the meme cycle just begun again? Can the duo's speculative hype even outdo utility-driven assets like the new PayFi altcoin? Let's find out.

Pepe Coin: A Breakout in Sight?

Pepe Coin has experienced a remarkable surge of 74% over the past month, bouncing strongly off a key support level at $0.000008.

The coin's Open interest has climbed to nearly $600 million an indicator that traders are increasingly betting on continued price action in either direction.

Source: Coinglass

Moreover, positive funding rates on derivatives exchanges, which typically accrue to those holding an asset for a long period, further signify bullish sentiment a signal that buyers currently outnumber sellers. This could propel Pepe Coin towards another 30% rally to reach $0.000013.

However, technical indicators on the MACD are still mixed, suggesting some uncertainty among market participants. If bullish momentum stalls, leading to a breakdown of the support level, Pepe Coin could retrace to around $0.0000107.

Shiba Inu: Whales and Retail Traders Accumulate Mid Mena Coin Price Recovery

Shiba Inu is also experiencing a dramatic rise in open interest, driven by heavy accumulation from both whales and retail investors. In just 24 hours, whales added over 1.04 trillion SHIB to their holdings.

At the same time, exchange net flows turned negative, indicating that fewer tokens are available for trading a bullish sign.

SHIB’s price has already risen 18% this month. Retail traders are clearly joining the wave, buying more than they’re selling. Its Stock-to-Flow ratio has climbed to 2.2k, which measures the relative scarcity of an asset by comparing its "production rate" to the "flow" onto open markets. A higher ratio indicates scarcity, which can drive up prices.

If the current trend continues, analysts believe SHIB could reach $0.000017. But if momentum fades and the support level breaks down, a drop to $0.0000138 remains a real possibility.

Remittix: Revolutionizing Global Remittances with Crypto-Fintech Fusion

While Pepe and Shiba are making headlines, another project has quietly caught the attention of investors. Remittix, a crypto-fintech platform, is revolutionizing the $190 trillion global remittance market with its innovative technology and vision.

The platform offers a seamless way to send digital assets directly to bank accounts in over 30 fiat currencies, making international transfers more accessible than ever before.

What sets Remittix apart is its pricing model: zero foreign exchange fees and a single fixed transaction fee ensure complete transparency. Whatever amount is sent arrives exactly as intended, with no hidden costs or surprises.

In terms of speed, Remittix excels. Crypto transactions are almost instant and fiat payments are processed on the same day via local banking networks.

Businesses also benefit from Remittix’s merchant-friendly API, which enables easy crypto payment integration and same-day fiat settlements without any fees.

Remittix Presale Offers Massive Upside Potential for Early Investors

With its presale still ongoing, Remittix is offering early investors a chance to buy RTX tokens at just $0.0781. The low barrier to entry has driven strong demand, with over 533 million tokens already sold.

As the project progresses and its mainnet launch approaches, analysts are forecasting a potential 800% price increase for RTX tokens this year. This makes RTX one of the most compelling investment opportunities in the current market.

In conclusion, as meme coins continue to rally, they might face technical hurdles that could stall their momentum and open the door for a correction.

However, with a diverse range of offerings and a clear vision, projects like Remittix are presenting unique opportunities for investors seeking both short-term gains and long-term value.