Memecoins like Shiba Inu and BONK have kept sliding, even as the broader market shows signs of recovery. Over the past 24 hours, Shiba Inu dropped another 4.4%, while BONK fell by 12.2%. With August approaching, some analysts are starting to question whether Shiba Inu price prediction has a bullish outlook in the short term.

BONK, however, could be gearing up for a comeback; technical signals are pointing to a possible reversal soon. Meanwhile, Remittix (RTX), a new crypto, is starting to attract attention, with some predicting it could surge 50x in the third quarter.

We’ll take a closer look at BONK’s price action, what’s next for Shiba Inu, and why Remittix might be the next big crypto opportunity.

Shiba Inu Price Prediction: Bearish Pressure Mounts

Shiba Inu saw a dip early Tuesday, falling more than 3% to hit $0.0000132, its lowest point in two weeks. This drop pushed SHIB out of its recent trading range between $0.000014 and $0.000015, adding some downside pressure to the Shiba Inu price prediction for August.

Even though there’s been a massive spike in SHIB’s burn rate (i.e., up 17,000%), the price hasn’t reacted the way some had hoped. Analysts caution that, while the burn activity is impressive, it might not be enough to offset the ongoing selling from large holders and the lack of strong buying interest.

Source: Coinotag

From a technical lens, SHIB is now at risk of slipping past the $0.000011 support, a critical level last visited during June’s market dip. Market analysts note that unless there is a strong reversal, the most realistic Shiba Inu price prediction could see the asset head down a sloppy trajectory into early August.

BONK’s Bounce Could be Closer than Anticipated

BONK may be seeing a sharp pullback at the moment, but many analysts are still optimistic about its prospects for August. After all, the token has already climbed 154% this month, so the current dip is being seen as a normal and even healthy pause before another potential move higher. This positive outlook is fueled by a few key factors. There’s been a noticeable jump in both active wallet addresses and social media engagement, plus BONK’s community has been making strategic buybacks.

Remittix (RTX): 50x Surge Isn’t Far-fetched

Remittix (RTX) makes it possible for people to send crypto straight to bank accounts in more than 30 countries, without the need for a centralized exchange or any middlemen. The project’s smart contracts have already been audited and are set up to handle both peer-to-peer and business transfers, which could help drive global adoption once it officially launches.

Analysts are betting on a Remittix 50x rally in Q3 for the following reasons:

• Over $17.5M+ has been raised through investors’ crowdfunding.
• RTX will close a $190B+ remittance gap, meaning it’s not just a hype token.
• Wallet launch bound to happen this quarter will feature real-time FX conversion and other unique cross-chain functionalities.

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

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

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