Shiba Inu has faced a major setback after a hack on its Shibarium protocol, causing its price to drop sharply. Investors are now looking for safer options as the crypto market experiences turbulence. Meme coins like PEPE are showing signs of a possible rebound, but many are turning their attention to Remittix (RTX). With real-world PayFi features, a live wallet beta, and ranking #1 on CertiK for prelaunch tokens, Remittix provides a practical way to protect investments while staying involved in crypto growth.
Shiba Inu Price Falls After Shibarium Hack
Shiba Inu price is currently $0.00001307. The coin has taken a heavy hit recently due to the broader crypto market downturn. Ethereum dropped to $4,500, and other major altcoins like Solana, Dogecoin, and Chainlink also fell by over 3%.
The main blow to Shiba Inu came from a hack on Shibarium, its largest DeFi protocol. The attacker used a flash loan of 4.6 million BONE tokens worth $2.3 million. They also gained control over 10 of 12 validator signing keys, allowing them to approve state checkpoints. This led to the theft of 224 ETH (over $1 million) and 92.6 billion SHIB tokens (over $1.27 million).
The SHIB price has fallen below the 50-week EMA, showing that bears are in control. The weekly chart shows a symmetrical triangle forming, which is part of a bearish pennant pattern. When the two lines converge, a strong bearish breakout is likely.
If this pattern plays out, the Shiba Inu coin price could fall to around $0.000005955, its lowest level in 2023. This represents a potential drop of about 55% from the current level, which is a warning for investors looking at Shiba Inu price prediction for the near term.
PEPE Price Gains Momentum
PEPE price is currently $0.00001085. After slowing down over the last year, PEPE has started showing bullish signs. Over the past weekend, the meme coin rallied more than 10%, forming a falling wedge pattern on the chart.
A falling wedge pattern is generally a bullish reversal signal. It shows that sellers are losing strength and buyers are likely to take over. If this pattern confirms, PEPE could see a strong rally, potentially rising above $0.000018. This would be more than a 60% increase. In the best-case scenario, the meme coin could even approach a 90% gain if momentum continues.
Remittix Offers a Hedge Against Volatility
Remittix is a PayFi token that allows users to send crypto directly to bank accounts in over 30 countries. The project has CertiK verification and a top pre-launch ranking, highlighting its security and credibility. The Q3 wallet beta is live, giving early users access to cross-border payment features.
The token’s latest metrics show over 664 million sold, a price of $0.1080, and more than $25.9 million raised. Some features of Remittix are as follows:
- The referral program pays 15% in USDT, claimable daily via the Remittix dashboard.
- Remittix supports real-time FX conversion, making crypto-to-bank transfers faster and easier.
- Deflationary tokenomics are designed for long-term growth, rewarding patient holders.
- The platform is ideal for freelancers, remitters, and global earners, giving practical use beyond speculation.
- Project momentum is rising ahead of the wallet launch, giving early investors a strategic advantage.
RTX Offers Investors New Opportunities
The Shibarium hack and broader crypto sell-off have put pressure on Shiba Inu price prediction, suggesting that SHIB could fall significantly in the short term. PEPE shows promise with bullish patterns, but Remittix stands out as a practical and secure choice for investors looking to hedge against volatility. With its real-world PayFi use, growing adoption, referral program, and upcoming wallet launch, Remittix offers both stability and upside potential in a market filled with uncertainty.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway