Shiba Inu is once again in the spotlight, with its burn rate fueling substantial market optimism across the crypto market. SHIB’s burn rate has witnessed a whopping 7,200% surge as over 1 billion tokens were removed from circulation. This bullish market sentiment could trigger a rally. Furthermore, its on-chain metrics reveal strong market support for the crypto. Many see SHIB price gains ahead despite current market volatility. Meanwhile, the new DeFi project Remittix continues to witness growing demand at presale. The blockchain-based project has developed a unique PayFi solution that addresses real-world payment hurdles globally. Its creative approach of merging the speed of blockchain technology with the everyday reliability of traditional finance has positioned the project to transform the cross-border payments industry. Shiba Inu Burn Rate Skyrocket 7200% According to Shibburn data , the Shiba Inu burn rate witnessed a 7240% uptick on Jan 31. This significant upswing can be attributed to removing approximately 1 billion tokens from the circulating supply. An unknown wallet appears to be responsible for the lion’s share burn rate upsurge, transferring over 1 billion tokens to a null address. Notably, the massive spike has also weighed in on the weekly burn rate for the meme coin, jumping 2506%. As such, the SHIB circulating supply shredded 584.25 trillion tokens from the circulating supply. The enormous blow of asset supply has renewed market optimism , mirroring the law of supply and demand. SHIB price has been trending between $0.0000185 and $0.00001896, with its immediate resistance at the $0.000019 level. Crypto analyst Zach Humphries has shared an optimistic SHIB price prediction, highlighting bullish metrics for the meme token. Almost 74% of SHIB holders have held onto their holdings for over a year, highlighting retained market interest in the meme coin despite price fluctuations. Moreover, nearly 47% of its holders are in profits from the current price levels. However, if these holders decide to book profits, volatility in price could be expected moving ahead. Nonetheless, the current stats highlight a highly promising market stand for the meme coin, with additional Shiba Inu burn surge injecting bullishness on prospects. Remittix (RTX): The Next Big Crypto Revolution While Shiba Inu's price faces broader market volatility, the Remittix (RTX) presale continues to gain traction thanks to its decentralized approach to international transactions. Branded as “XRP 2.0,” Remittix rallied in its presale to $0.0498, a 232% leap from the original offering of $0.015. Over 435 million RTX tokens have been snapped up, raising over $10 million. Market participants have hinted that Remittix will soon mirror Shiba Inu’s famous 100,000% rally. Unlike meme coins, which are speculative, Remittix addresses real financial problems in the cross-border payment industry, including long processing times and hidden fees. Merchants, freelancers, and everyday users who seek clarity on their transactions would find Remittixappealing, potentially driving massive adoption. It lets users convert cryptocurrencies into fiat currency and deposit them as standard transfers to any bank account worldwide. At the core of its ecosystem is its native token, $RTX, which will power significant processes, including governance and staking. The project has also prioritized community engagement. RTX holders can earn passive gains of up to 8% APY through staking. Its VIP tier program offers exclusive perks to holders based on their investments. Tier-3 investors, for example, earn voting rights privileges and as much as 18% APY. The project has drawn investors due to its blend of innovation and practical value. Its focus on minimizing costs and speeding up transactions has made it an attractive choice for small and large investors. This is why many are flocking to its presale to capitalize on this rare chance before demand drives mass adoption. With a prediction of RTX exploding by 100x before year-end, many see the altcoin as the best crypto to watch in 2025. Remittix’s Competitive Edge Over Shiba Inu (SHIB) Although Shiba Inu is a worthy contender, its limited real-world use cases have led analysts to back Remittix for top gains. Its creative approach of combining digital assets with FIAT payments has made it stand out. With its listing on the horizon, market participants expect it to surge 50x in the coming weeks and by 5,000% post-launch. Join the Remittix (RTX) presale and community: Join Remittix (RTX) Presale Join the Remittix (RTX) Community Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
