Meme coin bulls have recently faced a setback. Dogecoin has declined to $0.163, and Shiba Inu has added another zero to its price. This trend is occurring even as significant holders, known as whales, are observed to be active on both charts. However, the market is not uniformly negative. Two cryptocurrencies, Zcash (ZEC) and Remittix (RTX), are demonstrating upward momentum while others are cooling down. ZEC is experiencing a sharp breakout, and the Remittix DeFi project continues to attract new capital through its real-world payment utility.
Dogecoin: Whale Buying Meets A Falling Chart
Source: @TATrader_Alan on X
Dogecoin showed signs of strength when whales began to re-enter the market. Over the past two weeks, large holders have quietly accumulated 4.72 billion DOGE. Despite this accumulation, the price has dropped to $0.163, with Dogecoin currently trading between $0.16 and $0.17. While the price is holding this range for now, market momentum is weak, and investor sentiment is increasingly fearful.
For short-term gains, buyers need to see a clear move above the $0.165 to $0.168 range to confirm a sustainable bounce. Crypto analyst Shan Specter has identified a descending triangle pattern on both the short-term and daily charts, a pattern that often precedes a significant price movement upon breakout. His analysis suggests potential upside targets at $0.28, $0.40, and even $1.00, contingent on Dogecoin successfully breaking free from its current bearish structure.
Shiba Inu: New Zero, Old Problems
Source: TradingView
Shiba Inu is also facing considerable challenges. SHIB is currently trading around $0.00000925, having re-introduced a zero to its price quote. This decline has negatively impacted market sentiment. Shiba Inu recently hit its lowest point since January 2024, and the price range that previously supported the token has now become a resistance level. Analysts are discussing the potential formation of a death cross, and buyer fatigue is evident.
A recovery path for SHIB still exists, requiring the token to surpass the $0.00001029 mark. If this level is breached, SHIB could potentially reach $0.00001118 and $0.00001301. Until then, many traders are exploring other options for potential investments.
Zcash: Quiet Heavyweight In A Weak Market
Source: TradingView
ZEC is currently trading near $573. Investor demand has surged following the announcement that the Winklevoss twins have established a digital asset treasury focused on ZEC through their rebranded entity, Cypherpunk Technologies. Some analysts anticipate that if the current price trend persists, ZEC could advance towards $612, $688, or even $749.
ZEC is gaining attention from DeFi project observers and those looking for the next significant altcoin for staking in 2025. The backing from major players is a key factor. The Grayscale Zcash Trust has experienced new inflows, even as Bitcoin and Ethereum products have seen outflows. This suggests a potential rotation from speculative assets towards functional infrastructure, mirroring trends observed with projects like Remittix in the payments sector.
Remittix: The Sub $1 Payments Token Breaking Out
The Remittix DeFi project has successfully raised over $28.1 million and sold more than 685 million tokens, with the current price at $0.1166 per token. This valuation positions Remittix within the category of promising cryptocurrencies under $1, while also allowing for significant growth potential as adoption increases. The Remittix wallet is already operational, and a second update has been released. Furthermore, the project has successfully passed a comprehensive security audit by CertiK, a rigorous standard for blockchain projects.
Two centralized exchange (CEX) listings have been confirmed on BitMart and LBank, with a third major exchange announcement anticipated soon. The project also incentivizes user acquisition through a referral program, offering 15% of a new buyer's purchase in USDT, paid daily via the dashboard.
Investors are showing interest in Remittix for several reasons:
- •The wallet beta currently supports fast cryptocurrency-to-bank transfers in over 30 countries, providing real users with a practical experience of the system.
- •The PayFi design is intended to bridge the gap between Web3 wallets and traditional banking services.
- •Plans include multi-currency support for more than 40 cryptocurrencies and 30 fiat currencies.
- •Audited smart contracts, a full CertiK review, and transparent token metrics contribute to mitigating the typical risks associated with early-stage payment tokens.
- •A live $250,000 community giveaway and daily referral payouts are driving rapid user growth.
From Memes To Meaningful Utility
While Dogecoin and Shiba Inu retain their popularity, their current chart performance is weak, and their narratives are becoming less compelling in a market that increasingly values both entertainment and practical function. In contrast, Zcash and Remittix are demonstrating resilience in a challenging market environment. ZEC offers privacy infrastructure and a history of gains. RTX provides a live payments solution, a functional wallet, and a clear roadmap for global adoption. Considering these factors, Zcash and particularly Remittix are emerging as significant contenders for investors building their watchlists for the upcoming year.