Dogecoin (DOGE), the prominent meme coin, has not been performing well. As most investors know, its price movement is closely tied to what Elon Musk does or says. Therefore, once Musk removed the Dogecoin logo from his D.O.G.E (Department of Government Efficiency) site, its value dropped. However, many market analysts like Ali remain optimistic.
Nevertheless, investors have started shifting their focus to exciting new projects. One such project that is gaining traction is Remittix (RTX), which is seen as one of the hottest new ICOs. It has rewarded early buyers with an 88% return while raising over $6.9M. As it will have ties to the cross-border payments market, which Mordor Intelligence predicts could be worth $295B by 2026, investors think its upside potential will be far better than that of DOGE.
Dogecoin (DOGE) Price Sinks Following DOGE Logo Removal
Although one of the best meme coins, Dogecoin (DOGE) has seen some red price charts. CoinMarketCap shows its value sank from around $0.40 to nearly $0.35 in the past week alone. In other words, over a 5% drop in the Dogecoin price in just a few short days.
This drop can be attributed to Elon Musk removing the Dogecoin (DOGE) logo from the official D.O.G.E website. This image, which contains a Shiba Inu dog, was a symbol of Dogecoin and the meme coin space as well.
However, market expert Ali remains optimistic. In a recent X post, Ali said that a Dogecoin ETF could trigger a price rebound. He mentioned the $15 level as a Dogecoin price prediction.
Remittix (RTX) Could Disrupt Cross-Border Payments Forever
While Dogecoin (DOGE) is facing some turbulence, Remittix (RTX) is turning some heads in the crypto market because of its ambitious long-term vision. Remittix aims to disrupt the cross-border payments market with its upcoming crypto-to-fiat platform. Unlike many platforms like Stripe or Wise, Remittix users can swap 40 crypto coins to fiat currencies and then send them to any global bank account.
Given that conventional wire transfers take 2 to 5 business days to process, Remittix will boast near-instant times within minutes. Plus, unlike platforms with hidden wire or FX costs, Remittix ensures all transfers will come with a flat fee. Due to all these benefits, millions of individuals worldwide could gravitate to Remittx to do cross-border payments.
The RTX native utility token will power this platform. To incentivize purchases, the Remittix team announced that all holders of this altcoin will get governance voting rights and staking rewards (4% to 8%). As a result, there are now over 6,000 RTX holders. Currently, one RTX costs just $0.02334, an 88% rise from its starting price. But, the next block of tokens will cost $0.0350 – another 5% rise. A Tier-1 CEX listing is projected to trigger a big rally as well.
Can Remittix (RTX) See Faster Price Growth Than Dogecoin (DOGE)?
The logo removal of Dogecoin (DOGE) caused its value to retrace, which shows its dependency on external hype from people like Elon Musk. Although this meme coin could see a price rebound soon, it does not have the modern innovation and utility investors seek.
On the other hand, Remittix (RTX) will introduce groundbreaking technology that could disrupt the growing cross-border payments market. Plus, it will have actual utility that may lead to more adoption in the long run. Thanks to its smaller market cap, this altcoin could see a faster price surge with less money. As a result, many investors are turning to RTX as it may have higher upside potential this year.
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