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After a long while struggling for balance in the ecosystem, Doge has found some stability since Elon Musk took over the reins of its treasury, and it is now showing signs of a bull run. It is expected that Doge goes up in value. Experts are predicting that there is a possibility of Dogecoin going as high as $2.00 in value before the end of the year. Other new crypto currencies like Remittix (RTX) are also not left out in this bull run as holders are beginning to believe in the investment potential of this payment institution.
Elon Musk announces $1 Billion in savings from the D.O.G.E department
On the 21st of January, President Trump signed a new bill creating the D.O.G.E department into law. The announcement of this bill sparked lots of conversations in the cryptocurrency ecosystem and spurred lots of positive market sentiment. This propelled the price of Dogecoin to above $0.40. Although there was an intense profit taking that ensued afterwards, which led to a decrease in price, the bull run signified that there is a potential for improvement for the coin in the future.
Elon Musk, the leader of the D.O.G.E department, announced last week that they had cut costs and saved the citizens of the United States about $1 billion. This announcement has encouraged a lot of investors and has propelled conversations about how it is possible for Dogecoin to surpass the $2.00 mark this year.
Remittix (RTX), The Solution To Payment Transaction Problems
To make cross-border cryptocurrency transfers, holders, businesses and enthusiasts have to go through a not so easy and largely inefficient process because of how stressful the current institutions available for this purpose are. That is why Remittix was created. This payment platform which essentially works to merge the best part of the traditional payment system and the new order of decentralized and digitized finance together is beginning to gain ground as it solves the problem of efficient, safe, fast and user-friendly Cross-border payments. Also called PayFi, it allows its users to pay FIAT into any bank account around the world using crypto.
Currently, the payment systems we have are majorly for crypto to crypto, or for FIAT to FIAT transfers. None offer the services of allowing a direct transfer of crypto to FIAT payments without the initial need to convert our crypto assets into traditional currencies. Remittix comes to fix this problem and allows the direct transfer of crypto from anywhere in the world into a bank account as a FIAT payment, be it USD, EUR, NGN or whatever currency. This is important for crypto enthusiasts because it allows them to maintain the true nature of their cryptography while also finding a way to tie this digitized market into modern day finance and banking.
This payment institution is unique in how it approaches problems and in the services it offers to its users. Lots of businesses that want to incorporate blockchain technology into their business will find it easy to do so now as they can begin to accept direct crypto payments into their bank accounts via the Remittix payment system. This makes business easy and also makes payments faster for customers. Remittix also empowers businesses who are wanting to accept crypto by introducing the “Remittix Pay” API allowing businesses to accept crypto payments from their customers and settle transactions in fiat to a nominated bank account.
Remittix public presale is beginning to gain traction because of the uniqueness of the platform, and this is beginning to pull in investors as it is expected that the presale token will sell out in 8 weeks. Remittix aims to raise about $36 million in presale and has made a total of 750 million tokens available.
Conclusion
Due to the positive market sentiment towards Dogecoin right now, investors are very bullish and are interested in holding their investments in this coin.
This is also true for the holders of Remittix, the payment institution that has launched its own public presale. The investment potential of this memecoin has made its investors more than happy to hold.
To read more about this coin, visit the website below:
Website: https://remittix.io/
Social Media: https://linktr.ee/remittix
Source: https://coinedition.com/how-high-can-doge-go-experts-predict-2-00-valuation-this-year-as-musk-takes-the-keys-to-the-treasury/