There is lots of hype in the crypto market at the moment due to the continued performance of Dogecoin and Solana that are expected to yield high returns in the future. Yet, there is an emerging player, Remittix (RTX) which is fast gaining momentum with the potential it has to offer.
Dogecoin Latest News: A Golden Opportunity for Big Gains
One of the most prominent cryptocurrencies is Dogecoin (DOGE), which achieved noteworthy popularity through its meme-based success resulting in huge gains observed over the past several years. As it was recently reported, the Dogecoin appears to be under a bullish run now, with a probable formation of a golden cross. It is a trademark that is observed when the short-term moving average (usually, the 50-period SMA crosses above the long-term moving average (200-period SMA).
source: TradingView
At its current price of $0.2309, Dogecoin is showing bullish signals that it could see a move past $0.36, a critical resistance level. If Dogecoin breaks above this level, analysts are predicting that the next targets could be $0.70. With Open Interest (OI) rising 9% over the past 24 hours, Dogecoin is set for a breakout if the bullish momentum continues.
Solana Updates Read Bullish
At this moment, Solana (SOL) costs about $179. However, in spite of recent volatility, on-chain data indicates that Solana has experienced a decline in Liveliness, a measure of the movement of previously stagnant tokens. Such an indication points to the fact that long-term holders feel increasingly secure and retaining their assets.
source: glassnode
This trend could lead to a price breakout above $190. However, the market remains cautious, as a resurgence in profit-taking could send SOL’s price back down toward $171.88. Pseudonymous trader XO notes that while the price move off recent lows is strong, the crypto asset lacks the typical structure that would indicate a more firm base for the rally.
Remittix: 50x Gains on the Horizon
Remittix (RTX) has raised over $18.8 million through the sale of over 590 million tokens at a price of $0.0922. The presale is rapidly approaching its final stage, and once it hits $20 million, Remittix will reveal the name of its first Centralized Exchange (CEX) listing, which is expected to drive significant price action.
Investors are seeing Remittix as a solid long-term play, with analysts forecasting potential 50x gains within the next 12 months. With its tokenomics designed to reward early investors and a strong community backing, Remittix is positioned to be one of the best crypto to buy now.
Here are some reasons Remittix is topping charts:
- It focuses on cross-border payments and DeFi integration, giving it lasting utility.
- Significant whale backing is driving demand, positioning Remittix for a big move.
- The token burn mechanism ensures a reduced supply over time, potentially increasing value.
- With growing interest from both retail and institutional investors, Remittix is poised for substantial growth.
Conclusion
While Solana and Dogecoin investors are excited about potential 2x gains, Remittix is standing out as a top contender for even bigger returns. Analysts predict up to 50x growth over the next 12 months, making it an ideal choice for those looking to capitalize on the next big crypto boom.
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Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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This article is not intended as financial advice. Educational purposes only.