Top Analyst Sets $1 Trillion Dogecoin Target For This Cycle; That’s A 26x Gain – Remittix Sees Even Bigger Forecasts

Dogecoin’s performance in 2021 has kept it on a watchlist of top investors for potential bullish renewal. However, recent predictions show that the Dogecoin price might be heading towards a renewed surge towards a $1 trillion market cap.

Meanwhile, Remittix’s steady growth this past week shows it could outshine the Dogecoin price surge. One primary factor fueling the Remittix project is its quietly positioning itself as the next big project in the payment industry.

However, let’s attempt to unravel the speculative Dogecoin price moonshot and why the Remittix use case could make it the next 100x altcoin.

Analysis of The Dogecoin Price Forecast: Is 26x Possible?

The breakout of the Dogecoin price beyond the downtrend fuels bullish sentiment, with one projection pointing at a 26x surge. According to an analysis by Crypto Kaleo, the Dogecoin price could surge to a new high around $6.94.

Evaluating this analysis, it speculates a surge of more than 2,600%, projecting a market cap of about $1 trillion. However, this analysis comes with a clause pegging the Dogecoin price surge to a $10 trillion Bitcoin market cap.

The key argument in the Dogecoin price surge is the analysis of past fundamental and technical factors. For example, the Dogecoin price surge in 2021 saw it capture 10% of Bitcoin’s market cap. By reference, Bitcoin hitting $10T this bull cycle could also see Dogecoin cap hitting $1 trillion.

Can Dogecoin Price Hit The Projection?

While historical precedent has seen Dogecoin’s cap hitting 10% of Bitcoin’s own in the past, current realities are different. Currently, the Dogecoin market stands at $36 billion, a mere 1.5% of Bitcoin’s $2.34 trillion market cap. However, fundamental factors such as Bit Origin’s investment of over $500 million and the over 68% surge in July could send a bullish signal. 

However, following Dogecoin’s lack of real utility, breaking beyond $1 could pose a big challenge. To put it more realistically, Dogecoin’s price hitting $1 trillion might never happen, regardless of whether or not a Bitcoin surge occurs.

Can Remittix Break the $1 Trillion Barrier?

While this could be impossible for Dogecoin, Remittix’s real-world payment utility could make this happen earlier than imagined. Remittix solves a real-world problem by connecting crypto users to local payment networks.  This integration allows crypto users to convert crypto to fiat faster, with the opportunity to send directly to bank accounts.

According to the analysis, the Remittix solution solves a key pain point in the $190 trillion cross-border payment industry. So far, investors have continued buying Remittix for the following reasons:

• Potential for market dominance with rising adoption
• Low cap entry, creating a high reward pool for investors 
• Early buyer rewards up to 50%

However, Remittix $250,000 giveaways have also been boosting new buying pressure beyond these three factors. 10 Early investors are set to win $25,000 each in the Remittix giveaway, increasing demand and support.

Discover the future of PayFi with Remittix by checking out their project here:

Website: https://remittix.io/ 

Socials: https://linktr.ee/remittix

 $250,000 Giveaway:https://gleam.io/competitions/nz84L-250000-remittix-giveaway