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Shiba Inu and Pepe Coin Unlikely to Break Out in August, but Remittix Looks Set to Keep Going Parabolic
Despite recent minor price hikes for both Shiba Inu and Pepe Coin, traders are not holding their breath for a drastic breakout this month. While the short-term momentum may be present, the global market sentiment remains cautious.
On the other hand, projects like Remittix have continued to gain attention with its strong presale backing and real-world use case that sets it apart from other cryptocurrencies. Shiba Inu Coin has maintained a small rise, currently trading at $0.00001235, up 3.12% in the last 24 hours. However, price action remains largely sideways, with declining trading volume of $158.84 million, down over 27%. This is an indication of weakening momentum even as positive Shiba Inu news circles around.
Similarly, Pepe Coin has increased 2.96% to $0.00001043 with a market cap of $4.39 billion. However, its volume has dropped 18.17% to $503.28 million. Both meme coins are popular among speculators but the lack of clear catalysts and macro market pressure may stifle significant breakouts in the short run.
Conversely, utility-oriented projects such as Remittix have gained popularity as the crypto landscape evolves. Investors are seeking cryptocurrencies with established traction, scalability, and passive income potential.
Source: blockonomi.com
