This New Crypto Is Backed To Hit $1 Before Dogecoin and Could Better Shiba Inu’s Legendary 2021 Run

Like most of the crypto tokens, the Dogecoin price is in a downward slump. The meme coin is mostly correlated with Bitcoin and the latest crypto news has been decidedly bearish for the crypto giant.

While Dogecoin and the rest of the meme coins struggle for support, the DeFi space is rolling out a new payment project. Remittix will provide a smoother transfer portal between crypto wallets and fiat banks.

The new project is a hot topic among crypto traders; Remittix could be the best investment in 2025.

Dogecoin Price Takes a Downward Spiral

As stated above, the DOGE token is slipping downwards fast. Starting with the generalized crypto apathy weeks ago, Dogecoin has been finding new lows for the past three weeks.

First, the token lost its control of the $0.30 support and by last week, the Dogecoin price was around $0.21. However, that was not the end of the fall, as the DOGE token soon followed the Bitcoin dip that affected the entire crypto market.

The disappointment around the White House Crypto Summit and Trump’s new strategic crypto reserves have driven top cryptos like Bitcoin and Ethereum to new lows. That leaves the Dogecoin price no other option than to go bearish. DOGE now trades at $0.1591, with about 16.48% weekly losses in tow.

Can the Dogecoin Price Stage a Comeback Soon?

Change is the only constant in the crypto-verse, and meme coins have a reputation for being the most volatile tokens in the market. Dogecoin won’t remain in bearish territory for too long; in fact, experts expect a comeback before long. 

Already, news of the Dogecoin price slump is the headline among meme enthusiasts, and the predictions for Dogecoin’s short-term future are very bearish. Most top traders and experts have predicted that the Dogecoin price will fall below the current $0.1591 level before a rebound is feasible.

The new predicted lows for Dogecoin get as low as $0.10, bringing DOGE to almost six-month lows already. The pioneer meme coin has drawn short straw in the current bearish wave, and its traders could be headed elsewhere for profits.

Elsewhere in the DeFi sector could only mean Remittix (RTX). Here’s what the project is all about.

Remittix: Welcome to the New Payment Portal 

The new DeFi project introduces fresh perspectives to crypto transfers, especially in linking their crypto wallets with fiat bank accounts. With Remittix, users can liquidate crypto assets directly from their hot wallets for fiat payments.

The new development is an upgrade to the use case provided by Ripple and Stellar, the two top PayFi platforms in the crypto market. However, unlike Ripple and Stellar, Remittix’s use cases directly benefit individual crypto users. 

With Remittix, the user only needs to input the recipient fiat bank account and the number of crypto coins they want to transfer in a smart contract. The smart contract then calculates the gas fees for the transaction and the transfer is approved. 

The Remittix API then takes over, converting the crypto tokens into the appropriate fiat currency and resolving the transfer. Currently, Remittix supports about 40 crypto coins and 30+ fiat currencies globally. 

With such a range of supported assets, traders are very unlikely to be stranded while making crypto transfers and payments, even in cross-country situations.

Given the expected user traffic, an investment in Remittix could return massively in the near future.

Get In on the Remittix Project Early!

RTX tokens are in presale now and here’s your chance to get them early before their price rockets. More than the presale ROI is a fact that Remittix will soon be a go-to platform for the average trader.

Each RTX token costs only $0.0734; get yours now and HODL long-term to get massive profits!

Join the PayFi revolution:

Website: https://remittix.io/ 

Socials: https://linktr.ee/remittix

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.