Like every other meme coin, Dogecoin (DOGE) has had plenty of highs and lows. Recently, there was some bearish Dogecoin news, as Elon Musk made a strange statement. He indicated that at this rate, the further D.O.G.E develops, the less valuable the Dogecoin crypto and other tokens will be.
In this environment, many investors are looking at other crypto coins that could buck this trend. One could be Remittix (RTX) a new presale star already seeing a 38% price increase while raising over $3M. As it could also disrupt the growing cross-border payments market with its PayFi model, many investors believe it could have a higher upside potential than this meme coin.
Elon Musk: The Dogecoin (DOGE) Price Will Drop
Dogecoin (DOGE) is one of the meme coin titans. In the past, Elon Musk’s tweets and other statements brought this meme coin’s price to highs and lows. Now, his latest warning regarding the future of Dogecoin has some investors on the fence.
In a recent X post, Musk said that many crypto coins like Dogecoin (DOGE) and Bitcoin (BTC) will see price drops if dollar inflation is solved. This is the main goal of his D.O.G.E department. He also said that what matters is the ratio of dollars to crypto.
Despite this bearish Dogecoin news, its value has seen some growth recently. On the one-week chart, the Dogecoin crypto value moved from around $0.30 to nearly $0.40. In other words, over a 15% increase in the past few days as per CoinMarketCap.
Remittix (RTX) Seen as an Altcoin Making Waves With a 38% Surge
Remittix (RTX) is making a name in the crypto market. This presale star has already rewarded early buyers with a 38% return, seeing over seven price increases in three weeks. It has also raised over $3M and may reach $4M before this week ends. As another milestone, over 5,180 people have chosen to hold the RTX token right now 1,300 new holders in under two weeks.
This token will power the upcoming Remittix crypto-to-fiat platform, which could become a fan favorite for millions. On this platform, users will convert over 40 crypto currencies to fiat currencies and then send them to any global bank account. Furthermore, this will be done at a flat fee with no hidden costs for FX or wires.
By holding the RTX token, users also get the opportunity to impact the platform’s future development thanks to no governance voting rights. Currently, RTX costs just $0.0207 but this altcoin price will rise to $0.0217 after the next block of tokens goes live. Everyone is also waiting for a Tier-1 CEX to list RTX, which could soon lead to a massive rally.
Can Remittix (RTX) Outpace Dogecoin (DOGE) in Terms of Gains?
While Dogecoin (DOGE) is one of the best meme coins, its lack of utility and warning from Elon Musk could slow its growth. That said, Remittix (RTX) is a new altcoin with actual utility while introducing groundbreaking technology.
It also has the potential to disrupt the cross-border payments market, which Mordor Intelligence predicts could be worth $295B by 2029. This factor, plus its smaller market cap, suggests a price surge with less money needed while also being more stable in the long run. Therefore, many investors are turning to RTX instead.
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