The Bitcoin price just cleared another high, setting a new record above $126,000. Is this a valid indicator of a strong buying sentiment returning to the crypto market? The inflow in the last few days has seen the prices of Pepe coin and Dogecoin start a new uptrend, but experts remain skeptical about the progress of these coins.
Instead, experts are drawing the market's attention to the Remittix presale, which has now seen an inflow of over $27.2 million, as they project a 40x return for this token this year.
Let's begin with a price analysis of the Pepe coin and Dogecoin to gain a better understanding of why the Remittix prediction is worth paying attention to.
Although the recent market performance has seen the Pepe coin on a recovery mission, its slow pace is showing that it struggles to regain its footing. This is because the 2024 market saw the Pepe coin on a surging spree with record growth as high as 100x within weeks.
However, the growth over the last six months has been less than 2x as the coin continues to recover from its low of $0.00000530 in March.
According to experts' analysis, the Pepe coin may be struggling with price balancing after a period of overbought conditions. According to analysts, this scenario could see the Pepe coin continue on a slow path even into 2026.
The current formation on the Dogecoin price chart is now changing the sentiment from the early breakout outlook of last week. This is because analysts believe the price may be reverting to a bearish zone following the formation of a new bearish engulfing pattern on the daily chart. The Dogecoin price in late September hinted at a potential recovery from its multi-week dip, as it followed through with a bounce from $0.20.
While confidence began to return with the break above the $0.26 a few days ago, the new outlook now sees the Dogecoin price heading downwards with a $0.25 price today.
Remittix's recent updates, including its referral program and beta wallet launch, have been showcasing the project in a brighter light. Furthermore, this new progress is fueling new buying as the presale cap swells to $27.2 million.
According to recent comments from experts, this recent growth has turned the Remittix token into the largest presale of the year, as whales continue to show increased interest.
However, one of the reasons experts have identified for the recent swell in numbers is the referral program, which is now already seeing users gain even before listing. But, according to analysts, the Remittix token could be listed soon, citing the following reasons:
High anticipation trailing its utility for instant payout of crypto to fiat into bank accounts around the world
A growing number of exchanges are joining the project, with new exchanges to be announced soon, following the recent interest from LBank and BitMart in listing the token.
Whale's confidence reaches a new high as the CertiK assessment confirms the Remittix token's security of funds.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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