Dogecoin and Shiba Inu Surges Show There's Life Left In Old Dogs, But Experts Back Newer Tokens For The Big Gains
Dogecoin and Shiba Inu Surges Show There's Life Left In Old Dogs, But Experts Back Newer Tokens For The Big Gains
The crypto market has witnessed an unexpected comeback from Dogecoin and Shiba Inu. Both tokens have seen a surge in prices, proving that these veteran meme coins still have loyal support and market relevance. Yet while the old dogs are barking again, many experts believe that the biggest opportunities for gains lie in newer, utility-driven tokens like Remittix.
Investors are increasingly drawn to projects offering real-world applications beyond hype and memes and Remittix is positioning itself at the forefront of this movement. Now let's see why it's more promising than SHIB and DOGE.
Shiba Inu's open interest hits monthly high as investors eye potential price breakout
Shiba Inu, now 30% up monthly, is grabbing attention again as derivatives activity surges. According to Coinglass, SHIB's futures open interest has climbed to 220 million dollars, its highest level in a month, signaling growing investor confidence. The steady rise since late April, with a sharp jump in the past 48 hours, suggests traders are positioning for a major price move as speculation builds.
Meanwhile, on-chain data from IntoTheBlock shows mixed fortunes for SHIB holders. Only 18.49% of wallets holding over 182 trillion SHIB are currently in profit, while 27.93% holding 275 trillion tokens remain at a loss. With most holders hovering near breakeven, the data highlights SHIB's volatile nature as investors watch for the next big swing.
Dogecoin breaks key resistance, eyes further price gains
Dogecoin has reached an important milestone in its recovery by breaking above the key resistance at 20 cents after weeks of trading just below this level. The strong daily close around 20 cents signals renewed bullish momentum, positioning DOGE to challenge more technical resistance levels ahead.
Dogecoin hovers just under the 100 and 200-day exponential moving averages, which have been acting as resistance for months. A breakout above these moving averages would signal a change from long-term bearish to short-term bullish sentiment. The daily trading volume has also followed the price rise, thus supporting the strength of the breakout.
Remittix bridges crypto and fiat for global payments
Despite the buzz around Dogecoin and Shiba Inu's price rallies, investors looking for long-term growth are now looking at Remittix's opportunities. Remittix's greatest strength happens to be its geographic presence, enabling payments in more than 30 fiat currencies in different geographical areas.
Whether remitting dollars, pounds, euros or yen, users can rely on Remittix's integration with local banking systems to provide reliable, frictionless payments. This wide coverage guarantees that users can conduct international transactions from one platform without switching between different providers.
Remittix also empowers businesses to accept crypto payments and settle in fiat easily. Through its Remittix Pay API and Checkout tools, merchants can offer customers the option to pay in cryptocurrency while receiving fiat into their bank accounts.
The platform's intuitive user interface makes it accessible even to crypto newcomers. Users can send money by simply connecting a wallet, selecting a recipient's bank, and confirming the transaction. The recipient doesn't need to interact with crypto at all; they receive the funds as a regular bank deposit.
Investors rush in as Remittix eyes 50x gains
Remittix's presale is gaining momentum at lightning speed as eager investors pile in. RTX tokens are currently priced at just $0.0757, with the next price jump to $0.0781 already approaching a 3.17% increase from the current stage.
Analysts are boldly predicting that RTX could soar up to 50 times its presale value, putting its future price around $3.75 as the platform expands globally.
Discover the future of PayFi with Remittix by checking out their presale here:
