Cardano, Bonk and Shiba Inu Momentum Fades as Investors Search For The Next 100x Crypto

Analysts have spotted an interesting trend with holder patterns, especially where it concerns notable tokens like Cardano, Bonk, and Shiba Inu. On-chain analysis shows that long-term investors are starting to exit their positions as momentum on all three tokens slows down drastically. According to investors, rotating capital into better prospects with high momentum appears to be the way to go.

Remittix, an Ethereum-based PayFi solution that has raised over $27.7 million, is now topping investor lists.

Cardano: Range Builds After Support Break

The Cardano price has slipped by over 3% in the past days, breaking below the 0.64 support, a development that analysts think is a sign of renewed selling. On-chain analysis shows that there is actually a lot of selling going on, especially among institutional investors. So far, institutions have cut down their exposure to Cardano by $300,000 this week alone.

Because of this development, the Cardano token is now starting to fall sharply again, and from all indications, it could break below the $0.6 mark.

Bonk Coin: Mixed Signals At A Tight Support

Cardano is not the only OG token experiencing difficulties right now; even Bonk coin, the meme coin giant, appears to have been having trouble reclaiming old highs. Despite starting off what looked like a major recovery run some days ago, chart analysis shows that the movement appears to have run out of steam, with the Bonk coin price now very close to where it was before.

Investors still holding Bonk coin are hoping that the $0.000012 support will hold. Analysts warn that if it doesn’t, a much larger sell-off might be about to begin.

Shiba Inu: Weak Trend As Adoption Lags

According to analysts, Shiba Inu may have had the worst performance of all established meme coin projects. Despite its best efforts and shifting towards utility, the Shiba Inu token price is still more than 70% down from its November highs. On the utility side of things, traction has also been slow, with reports showing that the Shibarium blockchain only has about 18 active developers.

Consequently, Shiba Inu token price has been dropping. Nansen reports that whale behavior is adding to the strain, with many large holders and smart money wallets exiting their positions

Remittix: The New Investment Destination

With established tokens like Shiba Inu, Cardano and Bonk Coin continuing to struggle, analysts have discovered that investors are now turning their eyes to Remittix, a new PayFi altcoin with huge potential. Remittix is building at the intersection of crypto, payments, and global remittance, a market that experts estimate is worth tens of trillions of dollars.

According to the Remittix team, the aim is to make the PayFi solution a go-to crypto-to-fiat hub for users, merchants, and businesses worldwide. The product has already started gaining incredible traction with over $27.7 million raised in private funding and live support for direct crypto-to-fiat settlement in over 30 countries.

Why investors are rotating capital into Remittix:

Impressive momentum marked by the successful raise of over $27.7 million
CertiK VERIFIED, #1 on Skynet, and team KYC completed
Confirmed listings on tier-1 exchanges like BitMart and LBANK
Strong community engagement driven by an active referrals program and a $250,000 giveaway
Successful rollout of the new Remittix wallet feature, which is currently undergoing live beta testing

Discover the future of PayFi with Remittix by checking out their project here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway