The meme coin sector was at its best in 2024, as several tokens rose to new heights among the top meme coins. The Dogecoin and Pepe coin prices sky-rocketed to their ATHs in November, following the surge in Bitcoin, adding fuel to the growing optimism in their communities.
The tides have changed now, however, as even the top meme coins have shed their gains on their charts. Their investors, for their part, have turned to the new PayFi project, Remittix, in their hunt for profit.
The $RTX presale is offering an 800% boost; there’s no crypto trader who wants to miss that.
Dogecoin Price Hits 16% Monthly Loss
The Dogecoin price took a huge downturn following its meteoric rise in November. The Dogecoin price surged to about $0.48 before consolidating around $0.43. Several price movements have seen the token hit brief dips from there, but the buyers held Dogecoin at about $0.38 for a while.
DOGE has taken more hits in the past week, however, as the overall crypto market started tanking last Tuesday. For Dogecoin, the losses have come from more traders shutting down their long positions and a rise in bearish short-term traders, according to Santiment reports.
The Open Interest has also dropped, reducing Dogecoin’s exposure to investors. The Dogecoin price is 16% down in the past month, and the token is trading at $0.32. The trader hype is all about Remittix now.
Pepe Coin Price Chart Forms Bearish Patterns Amid Monthly Lows
Like other meme coins, the Pepe coin price has dipped below its monthly lows, trading at $0.00001595. The cause is not far-fetched; the stock and crypto indices are dropping considerably, and there is so much fear that the Federal interest rates will remain high.
Even worse for PEPE is that the token price has been forming a bearish pattern in the past week. PEPE has lost over 10% in the past 24 hours, bringing its monthly losses to about 30.28%.
Analysis shows that a breach below the $0.0000146 level would indicate bearish dominance, as the PEPE coin price is already below its 50 and 100-day EMAs. More bearish movements could even see PEPE settle at $0.000010.
Remittix: Pay Fiat With Crypto Assets, Effortlessly
Remittix ($RTX) was developed to replace conventional PayFi tokens like Stellar, but the $RTX team has taken the project beyond that. The ecosystem brings crypto assets ever closer to the fiat currency network, allowing crypto users to complete fiat transactions without leaving the crypto-verse.
It’s a pretty straightforward affair too. Remittix operates using one-time deposit addresses where crypto users send the equivalent of the fiat currency in crypto assets, along with the recipient account details. The deposit address then settles the transaction, converting the crypto assets into fiat and sending them to the receiver.
Already, the Remittix project is gaining quite the following among crypto investors. For now, it’s the expected profits from the presale that is bringing them in, but the prospects to be gained from the token adoption will make them stay.
The use cases around Remittix are extensive, and, since it exists on a blockchain, users can be assured of reduced charges, faster transaction processing, and a more secure interface for transfer of funds.
The $RTX token is promising 800% spikes in the presale, with prospects of extending that to 5,000% ROI in 2025. Currently in its presale phase and trading at just $0.0207 now is an excellent time to acquire Remittix. The team over at Remittix has stated that the minimum launch price for RTX will be $0.135 marking a 578% increase from its current price!
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
