The recent Dogecoin price action shows a bullish signal that might catapult the DOGE to $0.60. Therefore, the cryptocurrency markets are on high alert after its recent breakout above $0.20.
Meanwhile, the demand for ground-breaking global payment-based solutions is rising fast, leading to the evolution of Remittix. This new PayFi proposition has surged 550%, attracting smart money traders who have contributed $14.8 million by purchasing 532 million tokens.
Remittix gains momentum as PayFi altcoin set to explode
Source: Remittix
Remittix (RTX) aims to lower fees and offer near-instant settlements, filling the gap left behind by the stiff-necked conventional systems in the global payment sector. Its focus is on affordability and speed, which appeals to individuals and small businesses.
Crypto pundits note that this angle sets Remittix apart from many coins offering only fancy features and speculative hype. This is because Remittix tackles day-to-day problems, while grabbing the attention of those who back PayFi technology to disrupt DeFi as the next big wave in finance.
Remittix’s standout feature includes its merchant solutions tailored for freelancers, e-commerce platforms, and service providers. Through its Pay API, businesses can accept cryptocurrency payments and receive settlements directly into their bank accounts.
Particularly beneficial for organizations operating on the global front, Remittix supports over 30 fiat currencies and 50+ cryptocurrency pairs. This flexibility allows businesses to manage payments in a way that aligns with their operational needs.
Like most revolutionary projects in the DeFi space, the Remittix ecosystem is powered by the native $RTX token. With a fixed supply of 1.5 billion tokens, scarcity is built into the system as adoption continues to expand. Moreover, RTX provides opportunities for staking and governance, enabling holders to actively participate in the ecosystem.
These initiatives have fueled strong presale engagement and increased RTX visibility among both retail and institutional buyers. Its accelerating presale success sends a strong signal of confidence to investors analyzing potential candidates for the next major breakout.
Dogecoin volume spikes after $0.20 break as investors go long towards $0.60
The latest Dogecoin price surge has been accompanied by a massive uptick in trading volume in the same time frame. In fact, CoinMarketCap data reports that Dogecoin achieved 4.42 billion in trading volumes or $766 million in monetary terms, representing a 15% increase in May.
This optimism is in tandem with accumulation happening behind the scenes. On May 1, prominent analyst Ali Martinez flagged a surge in whale activity, with wallets holding between 1 million and 10 million DOGE snapping up 100 million tokens in one week. This kind of accumulation has historically preceded massive moves, igniting speculations of a rally towards $0.6.
DOGE’s technical analysis points to a trend continuation. Ali Martinez recently suggested that the Dogecoin price rejected sharply from an October 2024 trend line support. According to the chart expert, a dip to $0.14 could present a buying opportunity ahead of a potential rebound to $0.30.
Source: Ali Martinez
With this momentum, Coinglass data reports that over 75% of Binance’s top traders, those possessing a higher expertise level than retail investors, were positioned long on DOGE.
Conclusion
The latest Dogecoin price action has made a definitive path to $0.6, cementing its long-term potential despite being a highly speculative asset. Remittix is following a similar path with its virality, while focusing on transforming global payments with its blend of crypto and fiat. Currently in its presale at $0.0757, Remittix offers real utility that could transform the cross-border payments market.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Source: https://www.cryptopolitan.com/dogecoin-doge-path-to-0-60-clear-after-0-20-break-remittix-rtx-anticipated-to-follow-suit/
