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Bitzo 2025-01-17 15:38:24

Pengu and Shiba Inu Projected for Drops Up to 50% in 2025 as Remittix's Price Poised to Soar Over 700% by January's End

The crypto market in 2025 is filled with unexpected turns, as meme coins like Pengu and Shiba Inu could see declines of up to 50%, while a new player is capturing attention. Remittix (RTX) , leveraging its groundbreaking blockchain technology, aims to transform global payments. Could this become the top investment of the year? With experts forecasting a 700% increase within just two months, RTX might indeed be the next major player in the crypto arena. Will Pudgy Penguins (PENGU) Overcome Challenges or Remain in a Slump? Stuck between $0.0576 and $0.1113, Pudgy Penguins (PENGU) is struggling to bounce back from recent downturns. Currently at $0.1467, the coin faces a tough resistance level, making it unlikely to break through unless there's a significant shift in momentum. Although the RSI (Relative Strength Index) is low at around 24, indicating oversold conditions, this doesn't always guarantee an imminent price rebound, as it might also reflect a lack of buyer interest. Considering the current market environment, targeting $0.042 seems quite ambitious even if PENGU manages to break past $0.1467. The ongoing downward trend of the Simple Moving Averages (SMA) suggests a lack of confidence in the coin. Without new investor interest or positive news, PENGU might continue to trail behind other altcoins throughout this market cycle. Shiba Inu (SHIB) Faces Crucial Support Level, Risking a 25% Decline Shiba Inu (SHIB) is teetering near a crucial level that could signal either recovery or further losses, hovering around the 200-day Exponential Moving Average (EMA). Currently priced at $0.000021, SHIB risks falling below this support, potentially leading to a 25% drop and bringing the price down to $0.000016. The 200 EMA is crucial as it indicates the long-term trend. Should SHIB's price slip below this point, a bearish trend might emerge. For example, after SHIB fell below this level in July 2024, a significant price drop followed in the subsequent weeks, suggesting a possible repeat scenario. On-chain data strengthens the bearish outlook. According to IntoTheBlock, many SHIB tokens are held at a loss between $0.000021 and $0.000024, creating selling pressure as holders may opt to sell to cut losses. This resistance could hinder SHIB's recovery efforts. Moreover, the Awesome Oscillator (AO), which measures market momentum, remains negative, indicating weak buying interest and potentially exacerbating the decline. Conversely, if buying volume increases and SHIB breaks past previous resistance, it could climb back to $0.000033. Until then, the token faces a challenging journey. Remittix (RTX) Poised to Transform Global Payments and Crypto Integration Remittix is revolutionizing the world of global payments by seamlessly integrating blockchain technology with user-friendly solutions, setting new benchmarks in the financial industry. Supporting nearly 100 cryptocurrencies, the platform offers a flat 1% transaction fee, eliminates foreign exchange costs, and ensures rapid payouts. Whether for personal use or business, Remittix enhances cross-border transaction efficiency. Remittix simplifies crypto-to-fiat transactions, catering to a wide range of users from startups to multinational corporations. It automatically converts cryptocurrency into fiat and deposits it directly into bank accounts. Its innovative Remittix Pay API allows businesses to effortlessly accept crypto payments, removing technical barriers and unlocking new opportunities in the rapidly growing crypto space. In the $250 trillion cross-border payment sector, Remittix stands out among competitors such as Stripe, Wise, and Coinbase with unmatched speed, scalability, and cost-effectiveness. With its groundbreaking ideas, the platform is likely to disrupt the market. Investors are seeing significant potential in the Remittix RTX utility token. Priced at just $0.0207 during its presale , RTX offers early access to a project poised for explosive growth. Remittix ensures a transparent and secure environment, as its smart contracts are independently audited by BlockSAFU. Explore the Future of PayFi with Remittix by Checking Out Their Presale Here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.

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