Dogecoin news reveals a new trend of whale movements, which supports earlier reports of major Dogecoin holders moving portions of their holdings into a rising altcoin called Remittix (RTX).
According to on-chain data, about $4.6 million in DOGE outflows were recorded around August 19, with most of the flows going toward the high-flying Remittix project. This activity happens while Dogecoin still witnesses recent subtle rallies around $0.22 to $0.23 as the broader crypto market consolidates. This change indicates a growing yearning for utility-focused tokens amid meme project fatigue.
Dogecoin Price Mirrors Fading Momentum
Dogecoin price is surfing through turbulent waters, trading around $0.22, limited by resistance near $0.23 to $0.24, with low RSI and waning buying pressure. While previous optimism came from chart patterns like Golden Cross setups, maintaining those zones has proven difficult.
However, whale activity quieted despite a rise in large transactions earlier in August. This indicates that some holders are out for a higher and more convincing growth path in alternatives beyond Dogecoin’s hype-driven runs.
Source: TradingView
DOGE Experts Believe Remittix is Set Up for the Next Bullish Wave
Remittix is snatching a significant market share, comprising investors seeking practical alternatives to Dogecoin’s speculative prospects. These investors are tired of meme-based hype. This explains how Remittix has sold over 625 million tokens while still trading at $0.0987 apiece and has raised over $21.9million.
Remittix roadmap includes a confirmed listing on BitMart after hitting the $20 million target, with a second CEX listing to be announced upon reaching the $22 million mark. The ongoing Remittix $250,000 giveaway is also onboarding more users. Add to these the Q3 wallet beta launch set for September 15; there’s more to come! Remittix will enable swift, low-fee crypto-to-fiat transfers across 30+ countries using 40+ cryptocurrencies and 30+ fiat currencies.
Why Remittix Could Surpass Dogecoin:
- Wallet beta launch this quarter (September 15)
- Appeal gained from its solution to a real-world $19 trillion payments challenge
- Audited by CertiK to affirm users’ trust and demonstrate the project’s transparency
- Deflationary RTX tokenomics expected to sustain long-term growth
- Products freelancers, remitters, and global earners need and are using
Such an infrastructure-focused strategy, Remittix affirms its position as a plausible alternative for capital leaving Dogecoin. This PayFi sensation is more than hype; it is function-based progress.
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
Disclaimer: This is a paid post and should not be treated as news/advice.
Source: https://ambcrypto.com/in-latest-dogecoin-news-early-doge-investor-backs-remittix-to-be-the-next-100x-gainer/