Dogecoin’s price has rebounded after a precipitous drop from highs above $0.20.
With Bitcoin’s price also reclaiming the $105K mark, the entire meme coin space has outperformed altcoins with average gains of about 8%. Even so, the rebound was short-lived, with popular meme coins like Popcat (POP) declining 42% in the same period.
While meme coins languish amidst mixed market sentiment, a new PayFi token called Remittix is shaking up the cross-border payment space. RTX is forecasted to surge over 3,000% at launch.
Dogecoin’s bullish recovery on hold amid an uncertain market
Dogecoin’s price dipped to lows of $0.1469 only to rebound and find support at its current price of $0.165. At the time of writing, Dogecoin’s price is hovering within a tight price range that forms a consolidative pattern, leaving most analysts to anticipate a second leg up for the top meme coin toward the fabled $1 price mark.
While DOGE has aimed at surpassing $1 since 2020, when an Elon Musk-inspired bull run for Dogecoin’s price saw it soar to about $0.7 per DOGE, more onlookers are hopeful that 2025 will be the year that DOGE goes to the moon.
Image Source: coingecko
Dogecoin’s price has had a lot of volatility since 2021; however, that has not deterred traders from forecasting a bull run for DOGE past $1. Some are setting targets as high as $1.179 based on the Fibonacci targets that Dogecoin’s price forms. Should Dogecoin’s price sustain higher highs after forming a golden cross, DOGE could soar past the $0.22 barrier in the short term.
Image Source: cryptofrontnews
Popcat (POP) is on track to recover despite a 42% drop
With a market cap of over $265 million, POP has the potential to generate massive gains for crypto traders. Compared to Dogecoin’s price, POP can surge 10x this coming meme coin cycle, with its price increasing from $0.27 to $2.7.
Image Source: Coingecko
Market watchers are slightly bearish on POP in the short term. In addition to a monthly drop of over 42%, POP has languished in its year-to-date chart, dipping nearly 40%.
Remittix’s (RTX) presale outshone most meme coins, including DOGE
Where analysts anticipate a comeback to the meme coin frenzy that would put Dogecoin’s price above $1, savvy investors are betting big on Remittix’s (RTX), whose presale has raised over $15.8 million.
Remitix is focused on the cross-border payment market, and it features a PayFi protocol built to facilitate seamless crypto-to-fiat transactions for its users. For instance, a crypto user can move funds directly from their wallet to a recipient’s bank account across more than 30 fiat currencies.
Remittix also supports over 40 cryptocurrencies, including stablecoins. Merchants and small businesses looking to integrate crypto payments can easily do so with Remittix’s Pay API.
So far, RTX’s presale has sold over 546 million RTX tokens and analysts are forecasting a surge for RTX by 30x at launch.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
