The burn rate is back to save the Shiba Inu token, and the token holders seem back in business.
SHIB price is rising after a quick dip last week, and the meme coin might be hitting a bullish run soon.
Or it might just be the beneficiary of a booming market. Either way, the Remittix DeFi project is making its way quietly.
RTX might be the next 100x crypto in the market. Hang on for more here.
Shiba Inu: rescued by the burn?
The SHIB price is back in a decent spot, thanks to the token burn mechanism. With a 3,615.38% spike in the tokens removed from circulation on Friday, Shiba Inu holders are back in the green zone.
Apparently, this is not the first time that a burn spike will come in handy to rescue SHIB from a dip.
This time, however, the token burn surge isn’t starting the bullish trend–Shiba Inu was already trading up before the massive spike in burn activity.
About 5.89 million tokens were removed from circulation overnight, coinciding with a rising SHIB price.
The token is 16% up in the past seven days, trading at $0.0000155, and it’s not only the burn rate that is promising profits for Shiba Inu.
Source: CoinMarketCap
The technical indicators show that buyers and holders are going bullish on SHIB. Optimism is rising in favour of the meme coin, and it could be a summer to remember for Shiba Inu.
As for DeFi developments, the new Remittix project seems to be destined to be the best DeFi altcoin.
Remittix: smooth, seamless crypto payment interface
The Remittix DeFi project is off to challenge the giants in the payment sector, namely Ripple and Stellar.
There’s been little to challenge both top altcoins in about a decade and traders still have crypto withdrawal pain points.
Like withdrawing directly into their fiat bank accounts. Remittix is eliminating any need for intermediaries in the crypto-fiat transfer protocol by introducing a crypto bridge of sorts.
With Remittix, users get:
- Low gas fees and ZERO bank charges.
- Fast, seamless transfers from their Remittix Web3 wallet into any fiat bank account that they choose.
- Support for over 30 fiat currencies and about 40 cryptocurrencies at the moment.
And, on the side, the Remittix Web3 wallet is already undergoing beta testing. With 50% of the tokens about to go live, you can expect the crypto bridge to be ready for launch soon.
Join the Remittix presale today!
There’s a $250,000 giveaway open on the Remittix website but only if you’ve bought some RTX tokens for yourself.
The coins sell for $0.0842 right now; get yours before they spike in price or worse, go live.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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