Shiba Inu (SHIB) And Pepe (PEPE) Holders Tire From Volatility; Many Are Seeking 100x Gains With The ‘New XRP’ Remittix

Disillusioned by limited gains, Shiba Inu (SHIB) and PEPE holders are exploring innovative opportunities like Remittix. Given the volatility of the Shiba Inu price and the uncertainty of PEPE price predictions, investors are turning to Remittix for its transformative utilities.

Offering seamless crypto-to-fiat transfers and low transaction fees, Remittix presents a promising alternative for those seeking higher returns. As SHIB and PEPE communities seek stability, Remittix is capturing attention as a potential game-changer.

Shiba Inu (SHIB) whale activity heightens speculations

Whale Alert highlighted a large movement of Shiba Inu (SHIB) tokens on Tuesday. According to a tweet, Crypto.com transferred 1.634 trillion SHIB, worth $39 million, from its hot wallet “0xf2B0” to an unidentified wallet at 13:47 UTC.

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The exchange repeated this transfer five times in one hour, later revealing a total of 32.74 trillion SHIB, valued at $390.3 million, moved to the same address. Data showed the SHIB tokens were internally transferred to a Crypto.com deposit address, likely to manage liquidity and security.

The whale action has generated wild speculations. Some users speculated a whale was acquiring SHIB, while others suspected a potential hack. Despite the clarification, Shiba Inu’s price fell by 10% on Tuesday and declined an additional 10% the following day, trading at $0.00002176.

Analysts believe breaking the $0.000025 SHIB resistance level could lead to a Shiba Inu price increase. Increased liquidity on major exchanges like Binance is expected to support long-term SHIB price stability. SHIB’s trading volume has surged by 80% since to $870m.

PEPE whale dump and oversupply affect price prediction certainty

PEPE’s market value is $7.77 billion, backed by 420.68 trillion tokens in circulation and daily trades worth almost $2 billion. Recent activity from large investors is influencing prices.

Data shows a whale moved 217 billion PEPE tokens worth $4.54 million to Kraken. This investor gained $767K (20%) in just 17 days. The whale still owns 1.21 trillion tokens valued at $25.1 million. These large trades create more tokens in the market but also cause quick price changes.

PEPE trend indicators show mixed signals. The Aroon Up at 78.57% suggests bullish sentiment, while the ADX at 20.69 shows weak momentum. Analysts predict a price rise only if PEPE moves past $0.00002100.

Oversupply is causing problems for the certainty of PEPE price prediction. PEPE’s stock-to-flow ratio has dropped to zero, adding pressure to the token. Data shows 55% of traders expect further declines and have taken short positions, as a result.

Meanwhile, the interest in PEPE futures is growing. Open interest reached $528.69 million, and trading volume rose 10.25% to $576.38 million. The PEPE/USDT chart shows the price staying flat around $0.00001847, a 7% decline in the last week and 30% downturn in the last month.

The MACD line is slightly above the signal line, hinting at weak buying interest. A breakout above $0.00002100 may attract more buyers, but without new developments, prices could remain steady.

Shiba Inu price action and PEPE price predictions have done little to satisfy investors seeking high ROI, which explains their alternative investment in high ROI generating presale tokens like Remittix. Remittix, selling for $0.0193, is a crypto-fiat PayFi with tremendous use cases and surging presale growth.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

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Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.