Shiba Inu burn campaign continues to gain ground, and the token appears to be gradually gathering momentum for a potential price surge. SHIB burn rate is gradually shifting from red to green, and analysts predict that the ongoing altcoin season will also drive a surge in SHIB’s price.
Despite the bullish outlook for SHIB, on-chain data shows that retail investors are not positioning in the token. Instead, they are investing in faster-growing alternatives which will deliver exponential gains in the short term. One, which continues to stand out as their investment pick, is Remittix (RTX), an emerging Payfi altcoin.
Shiba Inu Burn Rate Still Flashes Red
As of the time of this writing, SHIB burn rate has dropped by 86.53% over the past 24 hours, with over 1 million tokens burnt. Historically, an increasing SHIB burn rate indicates an incoming bullish rally for the token.
The burn rate mechanism was designed to create scarcity for the token, which in turn increases demand and causes SHIB price to rise. While SHIB price appears poised for a bullish rally, retail investors aren’t interested; instead, they are chasing faster-growing alternatives. Specifically, they are investing in Remittix (RTX), an emerging PayFi altcoin that is currently in high demand and is expected to deliver exponential gains to investors.
Remittix, The Retail Investors’ Pick
Sending crypto as a mode of payment for a product or service purchased shouldn’t feel like a maze of delays, fees, and frustration, but it still does, and that’s where Remittix comes in.
Remittix (RTX) facilitates cross-border crypto-to-fiat transactions in over 30 countries, supporting more than 40 cryptocurrencies. Users send cryptocurrencies that are automatically converted using a live FX rate on the app, and recipients receive the fiat amount instantly in their bank accounts.
It bridges a $19 trillion payment gap between traditional payment systems and cryptocurrency. Remittix also has a business API that freelancers, marketplaces, and SMEs can use to receive payments.
Remittix highlights:
- Designed for both crypto natives and non-crypto users, it can be used by business owners, freelancers, and remitters.
- Beta testing for the Remittix wallet is now live, with community users actively participating in the testing process.
- The remittix team is now verified by CertiK, the #1 blockchain security firm. RTX is ranked #1 on CertiK for pre-launch Token.
- Remittix offers a referral program that allows users to earn rewards on the platform.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
