Dogecoin Faces Challenge from a 'Rising Star'? RTX Surges 500%, Can Dogecoin Keep Up?
Recently, Dogecoin's performance has shown a 'dramatic' turnaround, plummeting from a peak of $0.28 to a range of $0.23 to $0.24, with a significant drop of 22%. Logically, retail investors should take this opportunity to buy at a low price, but on-chain data reveals a contrary picture: small investors choose to cash out, while large holders take the opportunity to accumulate.
Meanwhile, the 'dark horse' altcoin Remittix (RTX) in the PayFi ecosystem has stood out, selling 565 million units at a price of $0.0842, raising over $17 million, with an astonishing annual increase of over 500%! This raises the question: is this another golden opportunity missed after Dogecoin?
Thus, the question arises: can Dogecoin display a surge in speed similar to RTX in the upcoming fluctuations?
Currently, Dogecoin is in a technical correction phase, with $0.23 becoming an important support level. If it can hold this level, it may have the chance to return above $0.26.
Dogecoin Faces Challenge from a 'Rising Star'? RTX Surges 500%, Can Dogecoin Keep Up?
Recently, Dogecoin's performance has shown a 'dramatic' turnaround, plummeting from a peak of $0.28 to a range of $0.23 to $0.24, with a significant drop of 22%. Logically, retail investors should take this opportunity to buy at a low price, but on-chain data reveals a contrary picture: small investors choose to cash out, while large holders take the opportunity to accumulate.
Meanwhile, the 'dark horse' altcoin Remittix (RTX) in the PayFi ecosystem has stood out, selling 565 million units at a price of $0.0842, raising over $17 million, with an astonishing annual increase of over 500%! This raises the question: is this another golden opportunity missed after Dogecoin?
However, it is undeniable that the rise of the emerging project RTX is extremely strong. In the face of such a rapid new force, whether Dogecoin can solidify its position as the 'first meme coin' will depend on the subsequent competition between retail and institutional investors.
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