Dogecoin Price Is Falling In Value As Elon Musk’s Tesla Issues Could See The Memecoin King Crash In April

The meme coin space has been in the dip since the start of the year, with the only bright spark being the TRUMP coin launch in January. DOGE looked to set off a bullish trend in the meme space last week, but the Dogecoin price is trading under again.

So, while the top altcoins and meme coins are waiting for the bull run, Remittix is offering profits that will defy the bearish market. The new PayFi project indicates considerable progress in streamlining crypto transfers into fiat accounts, and traders can’t wait for Remittix to go live.

Also, its anticipated post-launch rally keeps investors interested in RTX coins. Could they really get to their 130x potential?

Why Is Dogecoin Falling? 

The DOGE token is the pioneer meme coin, but it has since been associated with simply following market trends, as the network offers no known utility. While Dogecoin’s connections with Bitcoin might come in handy during bull runs, its overdependence on social hype for price movements has been hurting the Dogecoin price.

The Dogecoin price is, once again, locked in with the bears, and it’s not just the general market mood affecting it. DOGE influencer and billionaire CEO Elon Musk has stated that the token will not be used in the new Department Of Government Efficiency (DOGE), contrary to what a lot of crypto folk assumed.

While crypto tokens might be too unstable for use in a federal department, the lack of utility on Dogecoin makes it all the more unappealing. However, market data reveals that the comments from Musk have had little effect on the Dogecoin price.

Dogecoin Price Analysis: What To Expect

CoinMarketCap charts show that Dogecoin is trading at $0.1691, some 7.4% down on the seven-day timeframe, but in the green on the 24-hour charts. The $0.16 level has been seen as a support level for the Dogecoin price, and its little rebound from that level could be a positive sign.

However, analysis remains cautious around the Dogecoin price, as it’s only a weak demand from the bulls that has caused the brief spike. There’s a high chance of Dogecoin slipping below to $0.14, where the buyers will then come in.

Further rejection at that level will cause another slump to $0.10, while positive reactions to the buying momentum could see DOGE go as high as $0.24. But for now, much of Dogecoin’s future lies in the hands of the buyers.

On the other hand is Remittix (RTX), requiring only that users buy the presale and get ready for a massive rally after launch.

Here’s some of what the project is offering.

Remittix: Transfer Crypto To Fiat With Ease

The PayFi sector has yet to resolve the issue of getting crypto assets directly into bank accounts without leaving traces or any need for exchanges. Now, Remittix is offering that feature, essentially functioning as an equivalent of SWIFT in the crypto market.

With the fiat transfer market seeing a constant daily volume worth about $5 trillion, Remittix is entering one of the biggest financial sectors. Now, its own utility is to allow users to transfer their crypto assets directly into fiat bank accounts, creating new use cases for crypto tokens.

Already, some e-commerce companies list crypto tokens as payment options. With Remittix, that might just increase, and the platform already offers Remittix Pay, a feature for merchants and online stores to benefit from.

The Remittix Pay feature allows the stores to link a fiat bank account to a wallet address where clients will send in their crypto payments. The embedded smart contracts will then convert the cryptos into fiat currency and deposit them into the fiat account after preset intervals.

Remittix is a goldmine for investment, and the presale is already getting investors from all over the crypto market.

Get On The Remittix Platform Today!

The RTX presale has sold over $14.3 million worth of tokens in its presale, despite a raging bearish market. This points at the appeal and potential that every investor sees on Remittix.

It also doesn’t hurt that there is an expected 130x price rally post-launch. Each RTX coin goes for $0.0734, with a chance of presale ROI, if you invest now.

Get your Remittix tokens today and hold them after launch for even bigger returns.

Website: https://remittix.io/ 

Socials: https://linktr.ee/remittix