The bull cycle of 2021 witnessed remarkable rallies that resulted in some of the most incredible returns we have ever seen. However, only a select few investors were able to benefit from these massive gains. In light of the staggering 10,000x gains of Shiba Inu (SHIB) and the 12,000% rise of Dogecoin (DOGE), investors continue to turn their attention towards the memecoin space.
If you, like many others in the crypto space, missed out on DOGE and SHIB in 2021, there is a new gem that you should keep an eye on: Remittix (RTX). This new PayFi giant has been dubbed the next Ripple, as it aims to revolutionize the $190 trillion cross-border payment market and potentially achieve gains similar to DOGE.
While the memecoin leader, Dogecoin, may not be able to replicate its price performances of 2021, it has demonstrated strength in recent weeks. Despite the crypto market experiencing a downturn, the Dogecoin price successfully defended the $0.3200 support level and subsequently rebounded towards $0.3500, according to CoinMarketCap’s data.
As Dogecoin (DOGE) displayed strength, major investors made significant moves. Within a 48-hour period, an astonishing $54 million worth of Dogecoin tokens were transferred out of exchanges, as reported by CoinGlass. Additionally, 85% of all $DOGE positions on Binance were long.
An analysis conducted by Trader Tardigrade suggests that the Dogecoin price could continue to rise. The analyst noted that the Dogecoin token still has room to grow until it reaches its peak, based on the Bollinger BandWidth. Trader Tardigrade predicts that $DOGE could potentially reach a new all-time high of $5.5.
Similarly, Shiba Inu (SHIB) experienced a significant correction amidst the overall crypto market downturn. According to CoinMarketCap’s 30-day chart, the Shiba Inu coin has lost over 22% of its value, trading as low as $0.000020. On the weekly timeframe, the price of the Shiba Inu token has remained in consolidation within the range of $0.00002009 to $0.00002424.
While sentiment towards the meme coin is mixed, with some technical indicators suggesting bearishness and others indicating bullishness, analysts appear to be optimistic about $SHIB. Javon Marks believes that $SHIB’s prolonged sideways movement may soon come to an end, potentially sparking an uptrend.
According to Javon Marks, breaking out of the consolidation could propel the Shiba Inu price above his previous target of $0.000081 to $0.0001553, representing an increase of nearly 580%. This makes $SHIB one of the top memecoins to monitor at present.
Among the various cryptocurrencies, few possess as much potential as 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.
Typical cross-border transactions often come with exorbitant fees, lengthy processing times, and hidden costs. Remittix intends to solve these issues with its innovative PayFi platform. Through this platform, individuals and organizations will be able to convert over 50 cryptocurrencies into more than 30 fiat currencies and transfer funds to any global account.
Moreover, the platform itself is highly user-friendly, intuitive, and designed to meet the needs of its users. 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 that transactions cannot be tampered with, as all transactions will be stored on it.
While Shiba Inu and Dogecoin may have been top performers in 2021, they are unlikely to replicate the same level of performance due to their current market cap. However, Remittix, with its aim to revolutionize a $190 trillion industry, has the potential to achieve similar results.
During the presale, RTX has already experienced a jump from $0.015 to $0.0207, while the project has raised over $2.8 million. 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 visit the following links:
– Join Remittix (RTX) Presale
– Join the Remittix (RTX) Community
