Dogecoin’s DOGE price looks set for another surge that could propel it into a critical demand zone. According to analysts, a clear indicator is the notable whale buying pressure from last month, which saw 1 billion DOGE bought, with Dogecoin’s active addresses rising by 528%.
However, analysts believe this uptick isn’t only for DOGE price, as they identify another contender, Remittix ($RTX). Market experts believe this new PayFi crypto could hit 3,000% growth and flip a modest investment into millions in profits. Driving growth in the fast-growing cross-border payment market, Remittix has amassed over $15.1 million in funding before launch.
Is Dogecoin ($DOGE) Heading Toward $1?
It is a common belief among market observers that Dogecoin (DOGE) has made more investors millionaires than the S&P 500. 2024 also saw the Musk-backed crypto record a price increase of over 49%, in addition to monthly growth of 47.4%. The crypto also recorded a bi-weekly spike of 25%.
While analysts and traders continue to eye a take-profit mark at $0.30 for the DOGE price, this meme coin’s on-chain data has surged to a 6-month high, with active addresses on Dogecoin’s network skyrocketing by 528%.
The imminent SEC review of different Dogecoin ETF applications is a significant catalyst for this fast growth.
Meanwhile, although speculative, the craze surrounding Dogecoin’s price is also due to increased retail demand. According to recent reports, there has been strong, increasing buying pressure since early March.
For expert analysts, Dogecoin’s price is on the cusp of an explosive boom if the present bullish sentiment holds. If current fundamentals become stronger, DOGE price could break through the $0.26 resistance mark, driving the crypto to retest the $0.74 ATH.
Currently trading around $0.22, DOGE is returning from a $0.14 support range. In the short run, the next technical Fibonacci targets are set at $0.27, $0.32 and $0.39. Bulls anticipate that DOGE could grow beyond the $0.50 zone to hit $0.70 for the long term.
While the Dogecoin price dream of the $1 mark remains alive, traders should remain cautious as the growth path to $1 is speculative.
Remittix (RTX) On Course to Rival DOGE and Introduce PayFi Future
Dogecoin’s price might dominate the headlines, but analysts believe its expected surge cannot compare to what is ahead for the Remittix PayFi project.
Remittix ($RTX) is a fast-rising PayFi project taking over and dominating the $250 trillion remittance market. This crypto project does this by offering a simple and intuitive approach that allows crypto holders to send funds directly from their crypto wallets to a recipient’s FIAT bank account, in a framework that accepts over 30 FIAT currencies.
Remittix’s game-changing model connects cryptocurrency usage and edge to traditional banking networks so that the recipient bypasses the complexities of interacting with crypto wallets. Such ease of use makes Remittix a no-brainer, particularly for regular users who are not well-versed in how cryptocurrencies work.
Additionally, every transaction on Remittix’s network goes for a flat fee with no hidden charges. Remittix is affordable to every user, no matter their economic status and transparent.
Here is a practical, safe and efficient payment solution for regular users and businesses. With Remittix, merchants can make seamless crypto-to-fiat payments with its PAY API, which supports over 40 cryptocurrencies.
These perks explain how Remittix has gained traction among investors before launch and sold over 90% of its total supply of 1.5 billion tokens. The $RTX token, currently valued at $0.0757, is set for a 300x uptick when it launches and could see early investors flip a modest investment into millions.
Join the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
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