The rallies we saw in the bull cycle of 2021 gave some of the most incredible returns we’ve ever seen. However, only a few investors got to taste these massive returns. Investors continue to turn towards the memecoin space because of the staggering 10,000x gains of Shiba Inu (SHIB) and the 12,000% rise of Dogecoin (DOGE) occurred.
So, if you are like most of the crypto space and you missed out on DOGE and SHIB in 2021, there’s a new gem that you should keep an eye on, Remittix (RTX). The new PayFi giant has been called the next Ripple, as it looks to transform the $190 trillion cross-border payment market and see DOGE-like gains.
Dogecoin (DOGE) Shows Strength As Investors Make Move
While the memecoin leader, Dogecoin may not be able to repeat its 2021 price performances, it has shown strength in the last few weeks. While the crypto market plummeted, the Dogecoin price defended the $0.3200 support level, followed up with a rebound towards $0.3500, CoinMarketCap’s data shows.
Just as Dogecoin (DOGE) has been showing strength, big investors have been making moves. According to data from CoinGlass, a remarkable $54 million worth of Dogecoin tokens were moved out of exchanges within a 48-hour period. In addition, 85% of all $DOGE positions on Binance were long.
The Dogecoin price could continue to increase, according to an analysis from Trader Tardigrade. The analyst noted that the Dogecoin token has room to rise until it reaches its peak based on the Bollinger BandWidth. Trader Tardigrade forecasts that $DOGE could pump to a new ATH of $5.5.
Next Shiba Inu (SHIB) Rally To Push Price Towards $0.000155
Like the rest of the crypto market, Shiba Inu (SHIB) was hit by a very steep correction. On the 30D chart, per CoinMarketCap, the Shiba Inu coin has shed more than 22% of its value to trade as low as $0.000020. The price of the Shiba Inu token remains in consolidation between the range of $0.00002009 to $0.00002424 on the weekly timeframe.
While the sentiment for the meme coin is mixed, with some technical indicators bearish and others bullish, analysts appear to be bullish on $SHIB. According to Javon Marks, $SHIB’s long sideways movement could end soon, then spark the beginning of an uptrend.
According to Javon Marks, breaking out of the consolidation could push the Shiba Inu price above his former target of $0.000081 to $0.0001553. This represents an increase of almost 580%, making $SHIB one of the top memecoins to watch right now.
If You Missed DOGE and SHIB, You Shouldn’t Miss Remittix (RTX)
There have been few cryptos with as much potential as Remittix (RTX), as it launches into a $190 trillion industry. Remittix is set to redefine the way we approach cross-border payments by combining blockchain technology with traditional finance and local banking networks.
Typical cross-border transactions often come with very high fees, long processing times, and hidden costs. Remittix will be solving these problems with its innovative PayFi platform. Utilizing the platform, people and organizations will be able to swap over 50 cryptos into 30+ fiat currencies and move the funds to any global account.
The platform itself is also super user-friendly; the platform is intuitive, and it meets the needs of its users. The company, Remittix, has also layered on more security and transparency, making it great for businesses looking to make international payments. The blockchain prevents any tampering, as all transactions will be stored on it.
Can Remittix Outperform the Best Memecoins Dogecoin and Shiba Inu?
Shiba Inu and Dogecoin may have been top performers in 2021, but they cannot replicate the same performance because of their current market cap. However, as Remittix has set out to reinvent a $190 trillion industry, the RTX coin can replicate that sort of performance.
Already, the RTX has jumped from $0.015 to $0.0207 in presale while the project has raised over $2.8 million. However, as more users join Remittix, analysts believe $RTX could rally to $1, making it one of the best cryptos to buy now.
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