Analysts Identify the Next Promising Cryptocurrency After Dogecoin and Shiba Inu: Don’t Miss Out on the Gains in 2021
During the bull market of 2021, we witnessed remarkable rallies that delivered unprecedented returns. However, only a select few investors were able to benefit from these significant gains. The allure of memecoins persists due to the astronomical profits seen in Shiba Inu (SHIB) with gains of 10,000x and the surge of Dogecoin (DOGE) by 12,000%.
For those who missed out on DOGE and SHIB in 2021, a new opportunity worth monitoring has emerged in the form of Remittix (RTX). Positioned as the next Ripple, Remittix aims to revolutionize the $190 trillion cross-border payment market, potentially mirroring the gains seen in DOGE.
Although Dogecoin, a leader in the memecoin realm, may not replicate its exceptional performance from 2021, it has exhibited resilience in recent weeks. Despite a market downturn, Dogecoin managed to defend the $0.3200 support level, subsequently rebounding towards $0.3500 as indicated by CoinMarketCap data.
Simultaneously, significant moves have been observed among large investors in Dogecoin. Within a 48-hour period, CoinGlass data revealed a noteworthy transfer of $54 million worth of Dogecoin tokens out of exchanges. Furthermore, 85% of all $DOGE positions on Binance were in a long position.
Trader Tardigrade’s analysis suggests a potential further increase in the Dogecoin price. Based on the Bollinger BandWidth, there is room for DOGE to rise until it reaches its peak, with a forecasted new all-time high (ATH) of $5.5.
Shiba Inu (SHIB), like the broader crypto market, experienced a sharp correction. Over a 30-day period, per CoinMarketCap, SHIB has depreciated by over 22% to trade as low as $0.000020. Currently, the price of SHIB remains consolidated within the range of $0.00002009 to $0.00002424 on a weekly timeframe.
Despite mixed sentiment surrounding the meme coin and conflicting technical indicators, analysts express optimism for SHIB. Javon Marks anticipates the conclusion of SHIB’s prolonged sideways movement, potentially sparking an uptrend.
Marks further suggests that breaking out of consolidation could propel the Shiba Inu price above his previous target of $0.000081 to $0.0001553, representing a nearly 580% increase and positioning SHIB as one of the top memecoins to monitor.
Remittix (RTX) stands out for its potential within the $190 trillion industry it targets. Seeking to transform cross-border payments by merging blockchain technology with traditional finance and local banking networks, Remittix addresses the high fees, extended processing times, and hidden costs associated with typical cross-border transactions through its innovative PayFi platform.
With over 50 cryptocurrencies convertible into 30+ fiat currencies and transferable to any global account, Remittix offers a user-friendly and secure solution. The inclusion of blockchain technology ensures transaction integrity and transparency, appealing to businesses seeking efficient international payment solutions.
While Shiba Inu and Dogecoin excelled in 2021, their current market caps limit their potential for replicating past performances. Conversely, Remittix’s ambition in the $190 trillion industry positions RTX to potentially emulate such success.
Having already surged from $0.015 to $0.0207 in presale, raising over $2.8 million, analysts foresee RTX potentially rallying to $1 with increased user adoption, presenting it as a promising investment opportunity.
To participate in the Remittix (RTX) presale and engage with the community, please use the following links:
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