If recent crypto news reports are right, we may once again be in for a narrative shift in the crypto markets as another bull market draws closer. Onchain data has revealed that top altcoins such as Shiba Inu and Pi Network Coin have, over the past few weeks, lost a considerable amount of investors to one particular crypto, Remittix.
Remittix is the native cryptocurrency of an upcoming PayFi project, and according to reports, has managed to bring in nearly $18 million in presale funding ahead of its launch. With the recent shift in attention to stablecoins and payment solutions from all other crypto-adjacent technologies, the likelihood of Remittix becoming a top performer in this cycle is at an all-time high.
Delayed Price Surge Forces Shiba Inu and Pi Network Coin Holders To Seek Alternatives
It looks like things are about to go from bad to worse for Shiba Inu and Pi Network Coin. If recent reports from analysts are correct, both tokens have been losing major investors and whales recently, as poor market performance is causing them to seek opportunities elsewhere.
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Historically, memecoins are usually the first to rally whenever a bull run comes around. However, the opposite seems to be the case this time around. Despite being the second-largest meme coin by market cap, Shiba Inu has barely enjoyed any rapid positive price movements since Bitcoin first began to pump in the market.
The most likely reason for this could be an attention shift in the market. Stablecoins and crypto-based payment solutions seem to have captured all the mindshare in the industry at the moment. It will certainly explain the recent attention Remittix, an upcoming PayFi project, has been enjoying.
Remittix Edges Closer to $18 Million in Presale Funding
Upcoming PayFi project, Remittix, is quietly enjoying one of the most successful presales this year. The project has reportedly raised close to $18 million in presale funding and is fast approaching the $20 million mark.
The project has caught the attention of the larger crypto community due to its massive incentives and unique offerings. Remittix is currently running a mega giveaway seeking to reward early supporters and adopters in its community. Community members stand to win from a $250,000 prize pool.
Furthermore, the project has announced the launch of its crypto wallet beta phase, promising advanced functionality and features. Some of them include:
- Direct crypto-to-bank transfers in over 30 countries worldwide
- 50% token bonus for early adopters and supporters
- 20% referral rewards for onboarding new users
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/Â
Socials: https://linktr.ee/remittixÂ
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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