The recent crypto market bear has seen a rising panic from investors and new crypto traders, dropping the coinmarketcap fear index to 40 and the altcoin season to 26. These statistics suggest a growing panic in the crypto market, which is currently fueling a sell-off. However, while almost all the crypto coins have been affected, more pressure seems to be mounting on the Shiba Inu and Solana prices. The current Solana price reflects a heightened fear factor as the price continues to fall.
Similarly, the Shiba Inu price has been undergoing a drastic drop following the recent report of the 98% drop in the shibarium trading activity. This has caused a significant fall in the price, which hit a low of $0.00001444 today. However, the rise in the market fear factor is causing further panic as more people continue selling the Shiba Inu coin.
However, as the price drops continue to create panic, more investors are favoring an investment in the Remittix token. A major factor fueling this surge in interest is its high ROI, which has continued to grow in the token presale rounds.
What Is Causing Panic With The Solana Price and Is A Recovery At Sight?
The Solana price started the year on a note that it could surge up to $500. This follows its multi-week rise, which saw it at $294 as of mid-January. However, in a move that defies all logic, the price has continued to fall, wiping off the early profit and hitting a new weekly low this year. However, the repeated daily price drop has continued to fuel a high panic.
The daily chart shows the Solana price trading below the 7-day SMA in a recent candle formation, which is now treating the 7-day SMA as resistance. This formation indicates that the Solana price might be heading downward, which could see it at $120 soon.
What Does The Shibarium 98% Drop In Trading Activity Mean For Shiba Inu Price?
There are no two ways to say it; the recent drop in the Shiba inu trading activity could only suggest a drop in interest in the coin price. While Shiba Inu has enjoyed many years at the top as a top meme coin, the recent rise in meme coins creates opportunities to have a new favorite. This is the genesis of the Shiba inu drop. However, the latest Shibarium announcement shows the Shiba coin might be heading towards a new multi-month low as it continues losing its market influence.
No nearby support has yet been identified on the Shiba Inu chart but a bird’s-eye view of the monthly chart shows a possible move toward $0.00000698.
This Is Why Remittix Is The Best Option For Investors Looking For A Portfolio Boost This Year
One thing that makes Remittix stand out is the value it provides, which is projected to revolutionize the crypto market. The Remittix project is a crypto solution that helps crypto users pay FIAT currencies directly into bank accounts using crypto assets.
Remittix allows users to use a crypto asset like Dogecoin to pay fiat currency such as the US Dollar directly into a bank account. However, the transaction is completed securely without notifying the receiver that the transaction started as a crypto transaction, instead it appears as a regular bank transfer.
The utility of the Remittix token is set to keep it pumping even after the presale, with a surge projection of up to 50x. Other investors are already buying into the Remittix presale, so don’t be left out.
Check the links below to start today.
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
