Bitcoin $BTC Sell-Side Risk Ratio just dropped below 0.1%. This level often signals local bottoms, accumulation phases, and low sell pressure. Dogecoin, like BTC, was expected to see aggressive buying activity until the final quarter, but market experts warn that retail as well as short traders are likely to trim their profits, which might be a short-term risk surrounding the asset.
Among DOGE faithfuls, there is a growing fear that the asset has exhausted its upside fuel and the Dogecoin price could be heading for a downward spiral, as early as this weekend. We discussed the Dogecoin news updates, and after that, shed light on why the Remittix project is growing in retail and whale participation.
Charts show that Dogecoin is now on an 8.84% week-long rally, trading near the $0.27 level at report time. The Dogecoin price trajectory turned northward shortly after the successful debut of Dogecoin EFT through Rex-Osprey under the ticker $DOJE. Bulls used this Dogecoin news to their advantage, as retail and corporate buys pushed the bears against the wall.
A recent update on the latest Dogecoin news confirms that plans for institutional buys remain intact. For instance, CleanCore’s accumulation plan is to purchase a whopping 1 billion tokens within a month, and about 7.5 billion tokens, nearly 5% of Dogecoin's circulating supply in the longer term.
Despite this Dogecoin news, analysts believe the asset could return to the red zone, and a steep decline could begin as early as this weekend. They cite retail profit-trimming and alt rotation to other projects as reasons for short-term risks. According to them, the Dogecoin price could see a retracement that takes it below the $0.20 level, for the first time since early August.
Remittix (RTX) is a new crypto project drawing retail attention, deep-pocketed investors, and the overall crypto community. This innovative PayFi project will cut the bottlenecks associated with international payment rails, allowing users to get a taste of timely and cost-efficient transfers.
RTX has enjoyed a massive pre-market success, accumulating an aggregate of $25.9 million from retail and whale buys. It was recently ranked first place among pre-launch tokens by CertiK, and adoption has remained. Here are a few reasons investors are still scooping RTX tokens:
Remittix recently kick-started a 15% referral initiative that rewards community members. There is no limit to how much participants can earn here, and accumulated earnings will be paid in USDT daily.
Another reason for aggressive retail participation is the expectation of additional CEXs listings, after recent listing confirmation by LBank and BitMart.
Testing of the payment infrastructure of the highly anticipated Beta wallet started a few days ago, on Monday.
Natives are pumped, getting ready for the official debut of the 100x crypto gem, which will attract a 190 trillion dollar market.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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