SHIB launches major governance initiative but RTX is stealing headlines after a 500% price surge

Shiba Inu’s lead developer recently dropped a bombshell, introducing a governance initiative to the crypto natives via X. This development follows the ethos of decentralization and autonomy, and comes a few days after the project’s 5th anniversary. Supporters, known as the SHIB Army, are hoping this renewed optimism will help drive the token’s price higher. Meanwhile, there is Remittix (RTX) , a new payment solution in the market trenches quietly attracting whale interest. The crypto asset has enjoyed successive price surges since the start of H2, and is now beginning to grow on retail investors, stealing headlines within crypto circles. This adds up to the millions worth of RTX tokens purchased over the last few days. Let’s discuss the latest update in the Shiba Inu ecosystem before reviewing why $RTX is dubbed the best strategy of 2025. Shiba Inu begins its transition to a ‘Shib state’ On Tuesday, August 5, Shiba Inu’s lead developer, Shytoshi Kusama, shared an update on X that quickly caught the attention of the SHIB community. Kusama announced plans to introduce a new governance framework, which would see the creation of a president and a DAO council, another important step toward full decentralization for the SHIB project. The initiative is meant to reinforce Shiba Inu’s core values of community ownership and self-governance. According to Kusama, elections will soon be held to select interim leaders tasked with advancing the “Shib Paper” vision and overseeing the $7 billion SHIB ecosystem. The governance process will use a 1-token-1-vote system, giving SHIB, BONE, LEASH, and TREAT holders a direct say in the project’s future, potentially increasing the influence of large holders and early supporters. The news was met with positive sentiment as Shiba Inu price rose 3.02% intraday and managed to hold above the crucial support level of $0.00001190. However, technicals show that caution is important. The token trades just under resistance at $0.00001202, with a looming Head and Shoulders pattern suggesting that the direction could be bearish. Despite the celebratory mood around its 5th anniversary and bold governance plans, Shiba Inu still faces a tough technical setup. Remittix (RTX): a 100x opportunity Remittix is a decentralized PayFi infrastructure layer that serves as a gateway for executing fast, affordable cross-border payments using crypto. It enables users to instantly convert and send crypto assets like ETH, SHIB, USDT, and more into fiat currencies across multiple countries, thereby eliminating reliance on slow, expensive financial middlemen. The payment protocol addresses critical fragmentation in the global remittance ecosystem, where most traditional solutions are centralized and lack seamless interoperability. Remittix bridges this gap, automating the remittance process through smart contracts and a flat-fee model; it reduces transaction costs and protects users from currency slippage or processing delays. The project’s infrastructure is live and ready to launch. Not only that, wallet integrations, fiat off-ramps, and institutional partnerships are all underway. And you know the best part, retail just caught on to it, meaning you can still flip your investment by at least a 100x this cycle. 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 The post SHIB launches major governance initiative but RTX is stealing headlines after a 500% price surge appeared first on Invezz

Source: Invezz