Dogecoin Price Pumps Over 10% But Traders Unconvinced of Rally Backing This Altcoin Instead
Following the Dogecoin price change in the last 24 hours, experts are beginning to see this shoot up as a signal to closely watch the future of the meme coin. However, although the 24-hour change saw the coin pump over 10%, analysts say the setup does not look like it could take the coin higher.
This is because investors' confidence is still low from the bearish hit that dropped the price below a 5-month low. But with the rising number of investors in the crypto market in the last few months, if the Dogecoin price does not reflect a long-term surge, where is the money going?
Why The Dogecoin Price Is Seeing A Growth Delay
While Dogecoin remains the biggest meme coin in the world, its price action in the last few months has not been impressive. Many analysts have tried to analyze why Dogecoin's price has continued to find new lows. Still, the only logical conclusion has been that investors are losing confidence in the coin.
One of the top factors that drove the Dogecoin price to its ATH in 2021 is the Elon Musk Influence and its many promises. However, while there were different sentiments and speculations, the promise to add Dogecoin as a payment option for Tesla effectively drove the price higher.
Four years after the Dogecoin price ATH of $0.7375, the price continues to struggle under $0.4850. The recent 10% price surge increased the coin from a $0.1847 low. This has continued to cast a shadow on the future of the Dogecoin price, causing a sharp drop in investors' interest.
Analysts still believe the Dogecoin price could recover with some significant change to the ecosystem; for example, the final implementation as a Tesla payment method could add more strength to investors' confidence.
Here Is Where Most Investors Are Pooling Funds Right Now
The dynamic landscape of the crypto market makes it easy to switch from a poorly performing asset to a better and more rewarding asset. Remittix is experiencing a large inflow of investors across other poorly performing assets. This is because the Remittix token has continued to fulfill many analysts' predictions of a surge, even in the presale phase.
Remittix is a global crypto solution that aims to improve the general utility of crypto globally with its support for over 40 crypto assets that can be sent as FIAT to bank accounts. The bearish shake that hit many other top altcoins has not affected the Remittix token as the price continues to surge, giving an ROI of about 5x in the last 2 months.
This surge is connected to the growing interest in the long-term potential of the coin as many new investors continue to create a position for themselves to grow with the Remittix token.
Analysts' projections also predict the Remittix token will see up to 100x this year, following the expansion of the crypto market across new geographics. Investors' interest has increased as other crypto assets have fallen to new lows in the last few weeks.
Taking a step forward with the Remittix token right now is a bet on the future of the crypto payment sector, which analysts believe is the next frontier.
Don't miss out on the opportunity to enter this game-changing crypto asset early as its presale round gradually ends. You can still get the best price today, below $1; the price is currently at $0.0734, giving you the best entry. Check the links below to start today.
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.
Text source: Crypto Daily™
