Dogecoin (DOGE) has been on an upward trajectory in recent weeks, following the market’s general resurgence. In the last 30 days, the Dogecoin price has increased by over 40%, causing an optimistic Dogecoin price prediction of $0.50 among some analysts.
Currently, the DOGE price is around $0.22, but the altcoin’s technical analysis shows a strong buy sentiment among investors. The DOGE price pattern also signals an imminent surge that could kickstart a major rally. How high can DOGE go in the coming months? Let’s find out.
Looking at the recent DOGE price movement, the coin has been showing a bullish pattern between late April and early May. A 40% increase during this period has shot up the DOGE price to around $0.22 from its monthly low of about $0.15. The recent bull flag formation has caused bold predictions among DOGE analysts and investors who believe the largest meme coin would ride the wave and reach the $0.50 mark.
If this setup continues and the bulls retain market control, we could see DOGE replicate its 2021 move that saw it attain an all-time high (ATH) price of $0.7.
If DOGE reaches greater highs in the coming months, its ETF approval and institutional adoption would play a significant role. Already, there’s a buzz around the launch of the first-ever Dogecoin ETF. An approval would potentially launch DOGE to the moon as regulation would offer institutions a clean way to invest in the meme coin.
It would also position DOGE beyond just being a meme token backed by social media hype, but a tradable cryptocurrency that is in demand by retail and institutional investors.
The Remittix token (RTX) is currently on presale and has been pulling strong numbers since the initial coin offering (ICO) began. Not far from $15 million has been raised within a few months, causing experts to tip RTX as the best penny crypto to buy now. The massive demand for Remittix boils down to its exciting use cases in the PayFi space, where established tokens like XRP operate.
Remittix is fast becoming a strong XRP competitor despite being in its presale phase. That’s because the project solves major challenges faced by crypto users, especially individuals and businesses struggling with crypto-to-fiat conversions. With Remittix, users can spend crypto and have it instantly converted to over 30 fiat currencies for the recipient to cash out in. This makes cross-border remittances much easier for people sending money home from abroad.
Businesses can also leverage the Remittix Pay API to enable direct crypto payments from their foreign customers and instantly convert the funds to their local currencies. With these impressive use cases, it’s no surprise that investors are backing Remittix early and are hopeful the RTX token will explode after the project launches and it gets listed on exchanges.
While DOGE holds exciting promises based on its recent trends, Remittix is positioned to rise to prominence and gain the attention of investors as Payment Finance (PayFi) gets a boost. With established altcoins like Stellar (XLM) and Ripple (XRP) already showing the potential of PayFi, early investors stand the chance to make bigger gains from buying RTX on presale at $0.0757 before it explodes.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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