Two of the most important memecoins in the ecosystem are Dogecoin and Shiba Inu. These coins have been some of the biggest coins in the community by market cap and their stability in the past has made them household names amongst crypto holders and enthusiasts.
The loss of stability and reduction in profit projection of these coins has become a source of worry for their investors as they are now looking for an escape route, a better-performing coin where they can be guaranteed profit. This leads to the introduction of Remittix, a new blockchain technology that is predicted by experts to outperform these legacy coins. Read on to learn
more.
Dogecoin Price Follows Repeating Market Cycles
Dogecoin reflects the same cycle pattern every few years. Every cycle starts with a rounded accumulation period underlined by the red and green curves in the chart then follows a notable breakout that causes a notable price increase.
The meme currency dropped back and entered another accumulation period after every parabolic price increase before trying another breakout. DOGE has been trading inside a long-term ascending channel seen in the price chart, white lines.
Dogecoin has historically rebounded off the lower white trendline many times, causing a significant price spike wherein the meme currency reached the top white trendline.
According to the chart above, Dogecoin has surged to its highest price point at the moment by hitting the top barrier of the ascending channel in every cycle. Should this trend resurface, Dogecoin might continue the long-term rising channel’s direction and maybe soar to an all-time high over $10.
Analysts’ Speculation: Shiba Inu Price is Overvalued
Although Shiba Inu’s lowest price since its fall is $0.0000115, the daily chart shows that the $0.000012 level has provided support on a few sporadic times during significant falls. Should SHIB’s downward tendency persist, this would be the primary tool for ongoing observation.
The Fear and Greed Index shows that investors are in panic mode, therefore drastically lowering the market mood. The bybit hack sale-off scared off market participants.
Right now, macroeconomic conditions are terrible for meme currencies given Trump’s aggressive trade rhetoric and the Fed’s refusal to raise rates. Shiba Inu now needs to rise above the $0.000013 barrier if it is to reverse its fall.
Remittix Set To Overthrow XRP
Remittix (RTX) is changing global payments and providing rapid and reasonably priced cross-border solutions. Combining the power of blockchain technology with conventional banking infrastructure will enable Remittix to obtain market share in this large business and give a perfect and speedy answer for worldwide transactions.
Remittix provides quick conversion of more than forty cryptocurrencies for fiat money. These might then be sent straightforwardly to any bank account anywhere. Its creative features enable customers to fully control and independently manage their money.
With its large range of options and guarantees of accessibility and inclusivity for companies and consumers, the platform offers over 50 crypto pairs and more than 30 fiat currencies, therefore simplifying world trade.
Also impressive is the open flat-fee approach of the platform, which provides transparency over too high rates of exchange of traditional banks and savings.
The RTX coin offers tremendous investing value with a pre-sale of $0.0734. Forecasts show significant increase; demand for original cross-border payment solutions is creating a 25x multiplier in the presale phase and over 1,500% growth following launch.
Discover the future of PayFi with Remittix by checking out their presale here:
Website:https://remittix.io/
Socials: https://linktr.ee/remittix
