January 9, 2025
Cryptocurrency News

Solana (SOL) and Shiba Inu (SHIB) Could Be Outperformed By Remittix (RTX) For Gains

If this trendline breakout zone, which aligns with the 50-day EMA at 206, holds as support, the Solana price could extend its bullish momentum to retest its daily resistance level at $230.

On the other hand, Shiba Inu’s price has also seen a positive change but appears to have trouble maintaining a consistent upward trend. Most SHIB whales are selling their tokens significantly. According to on-chain metrics, addresses holding 10 million and 100 million SHIB tokens have dropped by 20%, whereas wallets holding $10,000 to $1 million in SHIB decreased by 16 to 22%. Meanwhile, the Remittix (RTX) presale continues to increase momentum after raising over $2 million in revenue.

SOL Bullish Momentum Amid Market Shift

Solana is up over 110% in the last 12 months. Source: Brave New Coin Solana Market Cap

Per CoinGlass data, Solana (SOL) has witnessed a significant uptick in net inflows, $224 million, one of its highest in months. This could suggest that SOL holders are preparing to sell off their coins or use them in derivatives trading or DeFi. The move has triggered SOL’s bullish technical outlooks as we kickstart 2025.

Its relative strength index (RSI) on its daily chart is above the neutral zone, suggesting that the SOL coin still has room to extend its rally. Moreover, SOL’s MACD showcases a bullish crossover as of January 1, further signaling a continuation of the uptrend. Solana’s Open Interest has also bolstered the bullish outlook. Data indicates that futures’ OI in SOL at exchanges increased from $4.25 million on January 1 to $6.48 million on January 7, reaching a new ATH.

Increased open interest represents new or additional money entering the market, indicating a rally is imminent in the price of Solana. However, if SOL breaks and fails to hold gains above the $206 level, the bullish narrative would be invalidated, extending the decline toward its immediate support level at $201.85.

Shiba Inu (SHIB) Whales Sell-off In Masses

Shiba Inu ecosystem has witnessed a noticeable change in investor behavior, which has recently put a lot of pressure on SHIB’s price. The token has had difficulty maintaining a consistent upward momentum and is trending above the $0.00002300 level. Per on-chain metrics, addresses between 10 million and 100 million SHIB tokens have decreased by 20%, whereas wallets holding $10,000 to $1 million in SHIB have also dropped by 16 to 22%.

This pattern indicates selling pressures from high-value holders, highlighting waning confidence in the asset or calculated profit-taking at the current price levels. Meanwhile, addresses holding $1 to $1000 worth of SHIB have increased, suggesting that smaller retail investors are taking over. Shiba Inu’s trading volume is still low, cementing its bearish outlook and further indicating a lack of enthusiasm for the market.

Its RSI has been lingering close to the neutral region, making it difficult for SHIB’s price to surpass its current levels. Shiba Inu’s immediate resistance is around the $0.000025 level, where it previously witnessed concentrated whale activity. If the coin is unable to recover, SHIB crypto could move towards its downside support level at $0.00002200. A sustained recovery in the price of Shiba Inu could perhaps trigger an increase in trading activity.

Remittix Tops List 2025’s Blockchain ICO Projects

Remittix (RTX) has emerged as one of 2025’s top blockchain ICO projects due to its impressive presale momentum and unique PayFi solution. The project introduces seamless crypto-to-fiat payments into the $190 trillion cross-border payments industry. Remittix will enable users to convert up to 40 cryptocurrency pairs into fiat currency and instantly transfer funds to any global bank account.

The platform will not charge users any hidden or ridiculous wire transfer fees compared to conventional platforms like Stripe and Wise. Its open pricing policy ensures users are not left with hidden charges. Its standout encryption and strong security system protect transfers and personal data, enabling unmatched privacy and peace of mind. The project uses blockchain to enable millions of underbanked and unbanked populations to access a worldwide payment network, ultimately driving financial inclusion.

As Remittix prepares to enter the worldwide cross-border payments market valued at $190.1 trillion in 2023 and expected to reach $290.2 trillion by 2030, the project is well positioned to take a sizable portion of this market share thanks to its innovative blockchain-based payment system. So far, Remittix is priced at just $0.0193 and has drawn considerable interest from astute investors who are ready to profit from the rapidly rising need for reasonably priced and easily accessible payment methods.

With the bull cycle approaching, Remittix is directly positioned as the best crypto to buy in 2025. The token has already amassed over $2 million in revenue after selling more than 122 million RTX presale tokens. Its standout vesting scheme is designed to ensure price appreciation and long-term stability.

Best Token To Buy: RTX, SOL and SHIB

As Shiba Inu and Solana stretch their gains amid market recovery, the Remittix presale continues to pick up steam thanks to its solid security, transparency, and efficient cross-border payment capabilities. The project generated over $2 million in just weeks, proving its great demand and investor confidence.

Join the Remittix (RTX) presale and community: 

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