Dogecoin has been quietly building bullish momentum, with investors and traders now targeting $0.40. While DOGE still remains a community favorite, an emerging Payfi solution, Remittix (RTX), is pulling investor focus away.
Remittix’s presale is on its way to raising $20 million. Once it hits the target, Remittix will reveal the name of its first CEX listing. Experts believe that the milestone is going to spark the RTX price.
Dogecoin is experiencing new interest, with its price action rallying near $0.23 after rebounding off crucial support. DOGE’s price increased by 1% within the last 24 hours and has grown by over 13% this week. Speculation is brewing on whether or not DOGE will seek to test out $0.40 before Q3 ends.
According to a Dogecoin price analysis by Ali Martinez, once Dogecoin $DOGE clears $0.36, the path is clear. Targets reset to $0.70.
Technical indicators are positive, with the Relative Strength Index (RSI) currently in bullish territory. The indicator is implying vigorous buying activity. Besides, the MACD is also having bullish momentum. Investor analysts note that a follow-through break above $ 0.36 would open the door to a dramatic advance, as it did in early 2021.
Despite its meme coin roots, Dogecoin remains a good choice for investors looking for fast gains. That’s because of its volatility, liquidity, and popular endorsements by famous followers such as Elon Musk.
Nevertheless, its further development is questionable because its practical use in the real world is not quite exciting. In comparison, a more recently created project can bridge a $19 trillion payment gap. That would be a huge feat to achieve because it would allow users to transfer funds effortlessly.
While DOGE targets $0.40, the Remittix presale is on its way to reaching $20 million. That could spark an even bigger run. Remittix (RTX) is a PayFi project that can deliver instant crypto-to-bank transfers in over 30 countries.
The current system takes days to process, especially when a user is sending funds to another country. Remittix can cut that time and, thus, draw many active users from all over the world.
Creators chose the Ethereum blockchain to develop this project. They aim to bridge a $19 trillion global payment gap between traditional payment and cryptocurrency. With increasing adoption, experts project over a 100x gain by the end of 2025. So, anyone who invests in this project during the presale phase can get much higher returns in the future.
All the mentioned features make one thing clear that Remittix can be a better pick than a meme coin with no utility in the real world.
Read more on The Coin Republic
