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Cryptocurrency News Articles

Remittix (RTX) Emerges as a Rising Contender, Targeting 300x Upside as Bearish Indicators Weigh on Cardano and Shiba Inu

May 23, 2025 at 05:30 pm

Cardano and Shiba Inu coin are drawing increased skepticism from market analysts as bearish indicators weigh down their momentum in 2025.

Remittix (RTX) Emerges as a Rising Contender, Targeting 300x Upside as Bearish Indicators Weigh on Cardano and Shiba Inu

In the dynamic realm of cryptocurrencies, where trends ebb and flow, Cardano (ADA) and Shiba Inu (SHIB) coin are encountering increasing skepticism from market analysts. Bearish technical indicators and declining network activity suggest that these cryptocurrencies might have limited upside potential in the short term.

As Cardano faces bearish pressure due to a 12% price drop in the past week, technical indicators are signaling potential further declines. A bearish crossover in the MACD and a descending channel formation on the technical charts suggest that Cardano could continue downwards, potentially reaching $0.67 or even $0.51 in a worst-case scenario.

Moreover, on-chain data is also indicating bearish trends. Negative funding rates and decreasing activity on the network suggest that less interest is being driven towards Cardano’s ecosystem. Despite this, if Cardano manages to maintain support around the $0.75 level, it could see a recovery towards $0.92, according to some analysts.

However, the cryptocurrency’s future direction remains uncertain as the market is currently displaying bearish tendencies.

Shiba Inu coin is also coming under scrutiny as analysts are becoming bearish on the cryptocurrency. Despite a 16% monthly gain, Shiba Inu coin’s price is struggling to break above the $0.000015 resistance level.

Analysts suggest that the cryptocurrency’s momentum could be hampered by bearish trends in whale activity and a decline of 68% in active addresses since December. Technical indicators, including a descending trendline and bearish EMAs, further indicate potential price declines.

Without breaking above its current price level of around $0.00152, it is unlikely that bullish momentum will be sustained, according to analysts.

Due to the fact that more than 80% of holders are currently in the red, any price gains might be met with significant selling pressure. Investors should closely monitor the crucial support levels as the future of Shiba Inu coin remains uncertain amid the current bearish trends.

Remittitx Could Surge 300x

Retail investors and small business owners can now conduct cross-border transactions quickly and affordably thanks to Remittitx, a new crypto-to-fiat payment network. The advanced financial infrastructure of the Ethereum dApp connects cryptocurrency assets to conventional fiat networks around the world.

The project’s bridging solution between the fiat and cryptocurrency domains, which combines the speed of fiat with the convenience of crypto to provide real-time international money transfers at low fees, is how Remittitx is able to provide the best of both worlds.

Analysts predict that RTX, the native token of the dApp, could outperform mainstream altcoins in 2025 due to its utility-first model and rapidly expanding ecosystem, which is drawing comparisons to XRP’s early success.

RTX coin, currently trading at $0.0781, has already yielded more than 3x returns for early adopters, and analysts suggest that it has a clear path to 300x gains. Even if RTX captures a small portion of the massively valuable cross-border payments industry, its market capitalization could rapidly escalate into the billions, causing its price to skyrocket.

Don’t miss out

While Cardano and Shiba Inu coin are encountering gloomy spells, RTX is stealing the show as the latest low-cap cryptocurrency gem that analysts predict will mirror their early price action, presenting early adopters with 10,000% potential payouts.

It’s best to move quickly to secure this undervalued PayFi kingpin before the price rises further in the next presale stage. With whales already scooping up over 538 million RTX tokens, the sooner investors can join, the better their ROI will be.

Discover the future of PayFi with Remittitx:

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Other articles published on May 24, 2025