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Dogecoin and Pepe hit ATHs in 2024 but now lose steam as investors shift to PayFi project Remittix for profits.
The meme coin sector was at its best in 2024, as several tokens rose to new heights among the top meme coins. Following the rise in Bitcoin, the prices of the Dogecoin and Pepe currency skyrocketed to their ATHs in November, hence fueling the mounting hope in their local communities.
Now, though, the tides have shifted as even the top altcoins currencies show losses on their charts. In search of profit, Dogecoin and Pepe investors have switched to the new PayFi project, Remittix (RMX).
Dogecoin price hits 16% monthly loss
After its explosive surge in November, the value of the Dogecoin dropped greatly. The price of Dogecoin jumped to almost $0.48 then consolidated around $0.43. From there, other price swings have seen the token hit minor declines; still, the purchasers kept Dogecoin at roughly $0.38 for some time.
DOGE has suffered additional strikes during last week when the whole crypto market started to crash. According to Santiment records, the losses for Dogecoin have come from more traders closing their long positions and an increase in pessimistic short-term traders.
Additionally declining is the Open Interest, which lessens Dogecoin’s investor presence. The token is trading at $0.32, at the time of writing, while the Dogecoin price dropped 16% over the past month. Now, Remittix is the main focus of the trader buzz.
Pepe coin price chart forms bearish patterns amid monthly lows
Trading at $0.00001595, the Pepe coin price has dropped below its monthly lows, same like other meme coins. The reason is not far-fetched; the stock and crypto indices are declining significantly and there is great worry that the Federal interest rates will stay high.
Worse still for PEPE is that the token price has been showing a bearish trend during last week. PEPE’s monthly losses come to almost 30.28%; it has dropped nearly 10% in the past 24 hours.
Given the PEPE coin price already below its 50 and 100-day EMAs, analysis indicates a breach below the $0.0000146 level would signal bearish domination. More negative movements might perhaps see PEPE at $0.000010 settled.
Remittix set to go viral in 2025
Remittix (RTX) is redefining global payments by integrating blockchain technology with fiat transactions, offering fast and cost-efficient cross-border solutions. With support for over 40 cryptocurrencies, including Cardano, Shiba Inu, Dogecoin, and Ethereum, the platform provides instant conversions into fiat currencies like USD and GBP, enabling seamless deposits into recipients’ bank accounts.
As a bridge between crypto and fiat, Remittix is the superior counterpart to traditional payment providers such as Stripe and Wise and crypto-exclusive platforms like Coinbase Wallet. Supporting 30+ fiat currencies and over 50 crypto pairs, Remittix ensures accessibility and inclusivity for businesses and individuals, simplifying global commerce with its extensive range of options.
Furthermore notable is the platform’s open flat-fee approach, which offers savings and transparency over exorbitant costs and inadequate exchange rates of conventional banks. This approach guarantees that the full amount sent reaches the recipient, making Remittix a game-changer in the payments industry, where shady practices are unfortunately all too common.
Currently priced at $0.0207 during its presale, the RTX token offers a compelling investment opportunity. Forecasts predict significant growth, with a 25x multiplier expected in the presale phase and over 1,500% gains after launch, as demand for unique cross-border payment solutions continues to rise.
Remittix offers investors a chance to interact with a project with high growth potential at an earlier stage as the bitcoin market develops. RTX might not only equal the success of other top altcoins but also alter the benchmarks for blockchain-based financial solutions with increasing acceptance, a solid basis, and evident market demand.
To learn more about Remittix, visit the website and its socials.
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