Dogecoin and Remittix Could Follow Bitcoin To New Highs As Market Prepares For US Crypto Summit
Dogecoin and Bitcoin have reclaimed their respective support levels after erasing their weekend gains at the start of the week. BTC price gained almost 12% during the weekend as US President Donald Trump announced the “Crypto Strategic Reserve” on his Truth Social platform. Dogecoin, on the other hand, has moved above the $0.20 level as the market awaits the summit’s potential impact on the crypto market.
Many hope the summit could establish clear regulations to support the crypto market, which could propel a new rally. The present landscape technical, macroeconomic and regulatory landscape is notably supportive for those looking to accumulate Dogecoin, Bitcoin and Remittix. Whether it’s their RSI, critical trend lines, or looming macro shifts, they could ultimately align to trigger a sustained bullish swing in the coming months.
Bitcoin Institutional Demand Continues to Weaken
Institutional demand for Bitcoin (BTC) continues to weaken. Per Coinglass data, Bitcoin spot Exchange Traded Funds (ETF) hit second-day outflows totaling $217.7 million until Tuesday. This comes after net outflows of $2.39 billion the previous week. If this scenario continues or intensifies, Bitcoin price could see further corrections.
Bitcoin’s apparent demand | Source: CryptoQuant
CryptoQuant’s weekly data also reveal that Bitcoin’s apparent demand growth has decreased after a period of acceleration in November-December 2024, which was spurred by the US election results. The flagship token is now in contraction territory. Unless Bitcoin demand recovers, sustaining a bullish rally in crypto prices will be difficult. However, Bitcoin price has shown optimism after Japanese investment firm Metaplanet bought additional BTC tokens.
The flagship crypto has moved above the $90K level, and if it holds the $85K as support, it could extend its recovery and test the $95K resistance level. Its relative strength index is below the neutral position and increasing, suggesting fading bearish momentum. If the RSI moves above the neutral level, it could initiate a bullish momentum. Such development would add a tailwind to the recovery rally.
Why Purchasing Dogecoin Now Could Be A Good Idea
Crypto analyst Kev_Capital_TA has shared what appears to be a potential accumulation window for Dogecoin. He noted that Dogecoin’s weekly Relative Strength Index (RSI) is hovering around the threshold it last occupied in October last year when the DOGE price was around $0.10. This low RSI level and a critical trend line that has held since early 2023 suggest a possibility of an oversold state.
Dogecoin’s weekly RSI | Source: X
Kevin went on to point out that the 3-day Moving Average Convergence Divergence (MACD) is on the verge of a bullish reversal. These bullish technical indicators, with fairly high odds for a spot DOGE ETF in the United States and a potential launch of X Payments, present an ideal opportunity. He further referenced MicroStrategy founder Michael Saylor’s comments that Trump’s new tariffs might function as a form of stealth quantitative easing.
This might weaken the US dollar, fueling inflation and thereby compelling the Federal Reserve to soften interest rates or expand its balance sheet. These macroeconomic dynamics can swiftly bring liquidity back into risk markets, especially altcoins. Another crucial factor is the most bullish and free regulatory environment. While no entry point is without risks, he views the current dynamics as supportive for those looking to accumulate Dogecoin tokens.
Remittix (RTX): The Future of Seamless, Low-Cost Global Transactions
Remittix has quickly gained attention in the market thanks to its unique PayFi solution, which makes sending money worldwide faster and easier. It lets users convert crypto into fiat and send it to approved banks in minutes or hours, unlike traditional banking transfers that take days. By integrating blockchain technology with the everyday reliability of local payment networks, Remittix ensures smooth and quick transactions for everyone.
Unlike Dogecoin’s dependence on community frenzy, Remittix is targeting a massive global remittance market through instant crypto-to-fiat conversions. A business owner in South America who imports goods from Asia regularly now receives crypto payments and instantly exchanges for local currency without exposing his business to price volatility and third-party intermediaries, all thanks to Remittix Pay API.
With Remittix, users can get actual cost savings and faster transactions, which is a big draw for businesses and freelancers. Its intuitive dashboard makes every transaction into straightforward steps that anyone can follow, enabling anyone to operate the platform without understanding the complex blockchain. Since anyone can use the platform all over the world, Remittix could become a go-to option for cross-border transactions.
While Dogecoin follows well-trodden meme coin ground, Remittix has flown below the radar to spoil early adopters with an over 362% return. At a low entry of just $0.0694, the token has already sold more than 514 million tokens, raising over $13.5 million in presale. With a real-world application, Remittix has overcome market skepticism, even surpassing meme coins that have been popular recently.
Remittix (RTX) Attracts Dogecoin and Bitcoin Investors
While Dogecoin and Bitcoin are at the heart of crypto culture, Remittix’s quick appreciation demonstrates how utility-focused projects can appeal to investors seeking something greater than short-term pumps. By solving real-world remittance problems, Remittix has created a niche in a rapidly changing crypto environment.
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