Analysts Identify New Crypto as the Next Lucrative Opportunity for Those Who Missed Out on Dogecoin and Shiba Inu Gains in 2021
The bull cycle of 2021 witnessed remarkable rallies that generated unprecedented returns. However, only a select few investors were able to benefit from these massive gains. Due to the extraordinary 10,000x surge of Shiba Inu (SHIB) and the 12,000% increase of Dogecoin (DOGE), investors are still drawn to the memecoin space.
If you find yourself in the majority of crypto enthusiasts who missed out on DOGE and SHIB in 2021, there is a new gem worth monitoring: Remittix (RTX). This emerging PayFi giant has been likened to the next Ripple as it aims to revolutionize the $190 trillion cross-border payment market and potentially replicate the gains seen in DOGE.
While Dogecoin, the leader of memecoins, may not be able to replicate its price performances from 2021, it has demonstrated strength in recent weeks. Despite the crypto market downturn, the Dogecoin price successfully defended the $0.3200 support level and experienced a rebound towards $0.3500, according to CoinMarketCap’s data.
As Dogecoin (DOGE) exhibited strength, major investors have been making significant moves. CoinGlass data reveals that an impressive $54 million worth of Dogecoin tokens were withdrawn from exchanges within a 48-hour period. Furthermore, 85% of all $DOGE positions on Binance were long.
According to Trader Tardigrade’s analysis, the Dogecoin price may continue to rise. The analyst pointed out that the Dogecoin token has room to increase until it reaches its peak based on the Bollinger BandWidth. Trader Tardigrade predicts that $DOGE could surge to a new all-time high of $5.5.
Similarly, Shiba Inu (SHIB) suffered a steep correction along with the rest of the crypto market. According to CoinMarketCap’s 30-day chart, the Shiba Inu coin has lost over 22% of its value and traded as low as $0.000020. Currently, the price of the Shiba Inu token remains in consolidation between the range of $0.00002009 to $0.00002424 on the weekly timeframe.
Although sentiment towards the meme coin is mixed, with some technical indicators indicating bearishness and others bullishness, analysts appear to be optimistic about $SHIB. According to Javon Marks, the prolonged sideways movement of $SHIB could soon come to an end, potentially triggering an uptrend.
Javon Marks suggests that breaking out of the consolidation range could propel the Shiba Inu price above his previous target of $0.000081 to $0.0001553. This would represent an increase of nearly 580%, positioning $SHIB as one of the top memecoins to monitor at present.
Few cryptocurrencies possess the potential of Remittix (RTX) as it enters a $190 trillion industry. Remittix aims to redefine cross-border payments by combining blockchain technology with traditional finance and local banking networks.
Traditional cross-border transactions often entail high fees, lengthy processing times, and hidden costs. Remittix intends to address these issues with its innovative PayFi platform. Through this platform, individuals and organizations can convert over 50 cryptocurrencies into 30+ fiat currencies and transfer funds to any global account.
The platform itself is designed to be user-friendly, intuitive, and capable of meeting user needs. Remittix has also implemented additional layers of security and transparency, making it an excellent choice for businesses seeking to make international payments. The blockchain technology ensures the prevention of tampering, as all transactions will be securely stored on it.
While Shiba Inu and Dogecoin were standout performers in 2021, they are unable to replicate their success due to their current market capitalization. However, as Remittix endeavors to revolutionize a $190 trillion industry, the RTX coin has the potential to achieve similar results.
Already, during the presale, RTX has experienced a jump from $0.015 to $0.0207, raising over $2.8 million for the project. As more users join Remittix, analysts believe that $RTX could rally to $1, making it one of the most promising cryptocurrencies to invest in currently.
To participate in the Remittix (RTX) presale and join the community, please follow the links below:
– Join Remittix (RTX) Presale
– Join the Remittix (RTX) Community
