2 weeks Ago
The Dogecoin price dropped by half its value in three months, just when the world thought Elon Musk and Donald Trump would send Doge to the moon, if not Mars. However, the Dogecoin price was hit hard by a number of factors, and Doge investors fled the token in search of a better investment. It seems as if Remittix is benefitting from the Dogecoin price meltdown as the new utility token passes the $14.
5 million mark. What went wrong with Doge, and where can Remittix go from here? Dogecoin (DOGE): Caught in the perfect storm The Dogecoin price was flying high before it flew too close to the sun and lost half its value in a mere three months. To be fair, Dogecoin was yet another victim of a global financial meltdown, and all tokens and currencies across the globe felt the pinch.
But the Dogecoin price suffered more than most. The obvious crack in the Dogecoin façade is the divisiveness of Musk. Musk has always been controversial, but his name has become downright divisive since the Trump election.
With Musk being Dogecoin’s number one cheerleader, Dogecoin saw an outflow of users . But the worst part is that since Trump stepped into the White House, DOGE offices, Musk has not been doing much cheerleading for the meme coin. The net result is that the Dogecoin price is feeling the pinch from the lack of support from its most prominent advocate.
Dogecoin is also suffering from meme fatigue . Investors are looking for solutions, not humour and trends. When the markets are down, value takes precedence over speculation, and the Dogecoin price cannot sustain itself as investors search for newer, better investments.
Can Dogecoin return? Probably. Once the markets recover, which they will, and goodwill has been restored, Doge can regain its former prominence, but until then, utility tokens like Remittix will take up the slack. Remittix (RTX): Heading into the future As meme coins like Dogecoin cool down, utility tokens are heating up, and few are getting as hot as Remittix right now.
Remittix is solving the cross-border payment issue that XRP has been trying to solve since its inception. In the modern economy, where everything is traded on a global scale, making cross-border payments is a necessity. However, the banking system is not geared for this.
The system functions, but it is far from optimal, with bank transfers taking several days – if not weeks – to clear, fees are extortionate, and paperwork becomes overwhelming. Remittix solves this problem in the most elegant way imaginable, in a solution so simple that one has to wonder why it has not been thought of before. Remittix uses the crypto system to make direct-to-bank fiat payments.
These payments are near instantaneous and cost a fraction of traditional bank transfers. As for paperwork, what paperwork? Remittix is getting some traction on social media, too, with YouTube crypto vloggers starting to take note of Remittix’s potential. The good news is it’s still in its early days, and there’s never been a better time to get into Remittix.
Conclusion The Dogecoin price is struggling, but there’s cold comfort in knowing it’s not struggling alone. But money never sleeps, and no matter how hard the market or the Dogecoin price battle to get ahead, there is always something doing well. Here, Remittix shines.
Its presale is still ongoing, and tokens are now available at $0.0757 directly from the Remittix website. 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.
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