.png){kind=logo}
Meme coins have seen Dogecoin lead for more than ten years. However, newer competitors like PEPE (PEPE) are proving to be fierce rivals with massive increases in a short period.
Meanwhile, Remittix, a go-to PayFi system, is attracting market attention because of its convincing real-world use in the cross-border payment market. Read on to learn more.
Though it started as a joke, Dogecoin now features one of the largest ecosystems available. Following some analysts’ recent revelation that Dogecoin has been generating lower lows and lower highs, Dogecoin holders have been on great alert.
At $0.2052 currently, Dogecoin has dropped 35.76% over the last month. From its December high, charts indicate Dogecoin has been on a messy downward trend.
Analysts believe Dogecoin's price could go much higher if an exchange-traded fund (ETF) gets approved. This possibility has sparked excitement among fans who are hopeful about Dogecoin’s future.
Several ETF filings, including one by Bitwise, are awaiting approval from the SEC. If one of them gets the green light, it could change Dogecoin’s path. The crypto world is watching closely to see if Dogecoin lives up to the hype.
The main reasons why PEPE could rebound soon is its forming a bullish divergence on the daily chart and a falling wedge formation. Two declining and converging trend lines make a falling wedge.
For PEPE, the bottom trendline began emerging in November while the top half of this wedge started forming soon after it peaked in December. Now converging two trend lines indicate the waning of negative momentum. Indeed, the common metric of a trend's strength—the average directional index—has dropped from 40 to 32.
A bullish divergence pattern has developed from the Relative Strength Index and the MACD oscillators. An oscillator increases while the price declines in this sequence. It usually results in a significant breakout, which in this instance might drive PEPE's price from the present level up by 245%.
Remittix, a new PayFi project, is forging its own path with a pragmatic twist that's catching investors' attention. Just at $0.0694 today, this PayFi innovator claims to simplify cross-border payments, a segment ready for upheaval.
Remittix's goal is to overcome long-standing issues in international finance by means of its creative solution for conventional remittance systems. Imagine being able to easily turn crypto into spendable money without KYC complications and costs free of sting.
The PayFi ecosystem within Remittix offers consumers a simple way to instantaneously convert cryptocurrencies into fiat money, therefore allowing swift borderless money transfers at minimal cost.
Smart investors and traders find resonance in this Remittix; early users have reported a three- hundred percent increase in portfolio value. Unlike many initiatives motivated only by hype, Remittix offers real value by allowing seamless, almost instantaneous crypto-to-fiat exchanges.
Remittix not only streamlines world payments but also closes the distance between the digital asset ecosystem and conventional financial institutions by supporting over 40 crypto pairings and more than 30 fiat currencies.
Remittix is opening the path for a new age of blockchain usefulness with a committed strategy, strong security and compliance policies, and an eye on financial inclusivity.
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
