Dogecoin Active Addresses Soar, Presenting Investors With A Dilemma Over The Best Crypto To Buy

Dogecoin (DOGE), the meme coin firstborn, recorded significant on-chain activity in May. Data from Santiment suggested its active addresses fluctuated around 470K levels during a trading session. Amid this positive momentum, Dogecoin investors face a dilemma as DOGE flirts with major resistance levels. 

Meanwhile, investors are moving their funds into a new PayFi crypto with explosive status. This undervalued gem has accumulated over $15 million by selling 535 million tokens. Let's delve deeper! 

Remittix (RTX) sees strong buy-side momentum with revolutionary utility

Rather than competing on technical or DeFi alone, Remittix enters a $190 trillion global remittance market rife with inefficient high fees and multi-day delays. This new PayFi thesis adopts blockchain technology with conventional fiat systems to eliminate these issues. 

With Remittix, users can send crypto tokens right from their wallets to the bank accounts of recipients in fiat. This payment solution answers investors' cravings and could usher in a new era for the global remittances market. 

Remittix fills a huge gap in this thriving sector, especially on the retail side. It banks the unbanked, and executes transactions at lightning speed. Users also appreciate Remittix's extremely cheap fees compared to conventional systems like Western Union and Stripe.

Meanwhile, the Remittix Pay API allows merchants to accept crypto and get fiat in 24 hours or less. Remittix uses these innovative rollouts to solve major pain points in cross-border transfers and simultaneously boosts the adoption of cryptocurrencies across the board.

But these initiatives are not the only reason Remittix is attracting investors' interest. The coin is still in presale, available for just $0.0757 per token. This is a suitable entry point for the average investor, making it an affordable Ripple alternative, with loads of room for 100x growth. 

Dogecoin flashes strong buy signals with whale accumulation

Dogecoin is displaying erratic price behavior. However, the On-chain indicators tracked by Ali Martinez offer insight into the broader market patterns DOGE is currently experiencing. From mid-April to mid-May 2025, DOGE began gaining momentum as several technical indicators were experiencing a sharp increase. 

DOGE's transaction volume rose sharply in early May, peaking at approximately $1.07 billion. As Ali Martinez had suggested, this sharp rise coincided with the heavy buying that took place behind the scenes. 

The large-scale accumulation began picking up from April 22 and peaked in two distinct phases—late April and mid-May. This trend implies that large holders were active during its latest price surge, possibly positioning themselves early or influencing the move.

Yet another bullish observation by Martinez points to a significant accumulation trend among these whales. Over the past month, these large investors have acquired more than 1 billion Dogecoin. The total holdings by these high-net-worth individuals stand at approximately 25.97 billion DOGE.

However, on a cautious note, Dogecoin must break out from its monthly peak of $0.25 before its markup phase can be validated.

Conclusion

While Dogecoin's buy signals create a dilemma, seasoned investors look beyond hype to focus on real-world utility and long-term potential. Remittix is leading this charge with its PayFi utility, setting a new era for the global remittance sector. 

With a presale that has just raised over $15 million and over 88% of RTX's total supply of 1.5 billion tokens sold, now is the right time to participate before RTX launches.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/ 

Socials: https://linktr.ee/remittix