Shiba Inu (SHIB), once a symbol of the meme coin craze, is now facing challenges as investors increasingly favor cryptocurrencies with real-world applications. After reaching a high of $0.000086 in November 2024, SHIB has dropped to $0.00001017—a 70% fall—while technical and on-chain data point to fading interest, according to
a FinanceFeeds analysis
. Experts attribute much of this decline to the underperformance of SHIB’s Shibarium layer-2 solution, which currently holds just $878,000 in total value locked (TVL) and is supported by only 18 developers. In addition, large holders are exiting, and a bearish descending triangle pattern on the charts suggests the price could soon challenge support at $0.000006946.
The market’s transition from speculative tokens like
SHIB
to utility-driven projects such as RTX signals a broader shift. As SHIB’s Shibarium ecosystem struggles, RTX’s focus on facilitating crypto-to-fiat payments is resonating with those seeking practical blockchain solutions. “Meme coins are falling out of favor as investors look for projects with lasting value,” one analyst observed, noting RTX’s $27.7 million in private investment stands in stark contrast to SHIB’s limited developer engagement.
Regulatory changes may further influence the landscape.
XRP
, another token centered on payments, could see ETF approvals in 2025 that might propel its price toward $10, according to
a LiveBitcoinNews article
, but RTX’s rapid momentum—currently ranked first on CertiK’s pre-launch leaderboard—makes it a strong competitor. Its 50% token bonus (RTX50) and 15% referral incentives are also attracting early supporters. At the same time, SHIB’s declining appeal among institutional investors, as shown by a drop in smart money wallets, highlights the widening gap between speculative and utility-focused cryptocurrencies.
As the crypto sector evolves, projects like Remittix are reshaping the conversation. With its wallet beta live, confirmed exchange partnerships, and a commitment to regulatory compliance, RTX represents the next generation of blockchain—where real-world use takes precedence over hype. For SHIB, the path to resurgence looks increasingly difficult, with analysts warning that without a strong use case, its significance could continue to diminish in the crypto world.
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