The market is gradually recovering from the recent liquidation that caused over $30 billion in losses. Before the crash, different analysts had placed Dogecoin's price at $0.50 by December; however, the predictions have been invalidated. Investors are requesting a new analysis to determine the direction of the Dogecoin price.
Where is Dogecoin Price Headed Next?
Dogecoin price is trading at $0.20. It's up by 0.30% from the opening price. It rallied earlier to $0.2125 but was rejected and it is currently trying to gather momentum to move higher.
According to Ali Martinez's analysis, $0.19 appears to be a strong buy-the-dip zone for Dogecoin ($DOGE) before a potential run toward $0.48
However, Dogecoin price needs to bounce above $0.2054 to test the next resistance at $0.2274. If the resistance is broken through, the next lies at $0.2537. However, if Dogecoin price drops, the first support is at $0.2154 and $0.1918 in case of further decline.
While Dogeprice's outlook seems interesting, remember it's a meme coin, and it moves with the market trend. Any events, such as the market crash a few days ago, would cause a price crash. During the crash, some savvy investors weren't affected. When asked, they revealed that they had invested in a PayFi altcoin to hedge against market movements. Investors are now quickly diversifying into this PayFi solution called Remittix (RTX).
Why Invest In Remittix (RTX)?
Remittix (RTX) is an Ethereum-based PayFi solution that aims to facilitate crypto-to-fiat transfers across more than 30 countries. It leverages local payment networks, DeFi and blockchain technology to bridge a $19 trillion global payment gap between Web2 and Web3
Users send crypto converted on the app and deposited directly into their bank accounts in over 30 countries as fiat. Remittix has a clear mission of revolutionising a $19 trillion global remittance market. It also features a business API designed for freelancers, SMEs and marketplaces.
Remittix Highlights:
- Recipients do not need a wallet; it's fast, reliable and eliminates FX conversion problems.
- Remittix has completed a comprehensive audit via CertiK to establish user trust and promote transparency.
- Designed for both crypto natives and non-crypto users, it can be used by business owners, freelancers and remitters.
- Beta testing for the Remittix wallet is now live, with community users actively testing it.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
