The cryptocurrency market continues to battle volatility but experts believe that these harsh conditions may actually work in favor of Dogecoin crypto, Shiba Inu and other meme coin investors. While many meme-based tokens have struggled with price stagnation, a new PayFi project, Remittix (RTX) could offer a much-needed breakthrough.
With its real-world financial application, Remittix is not only revolutionizing cross-border payments but also placing itself in a pole position to drive liquidity for DOGE, SHIB and other crypto assets in the near future. But how exactly can this new project achieve this?
Dogecoin (DOGE) – ETF Speculation Lifts Sentiment But Price Struggles
Bitwise officially proposed the launch of a Dogecoin ETF last week, marking a significant step toward mainstream adoption. The firm submitted an S-1 filing with the SEC on Tuesday, making its bid for a DOGE ETF official.
To support the initiative, Coinbase Custody has been listed as the proposed custodian for the ETF, reinforcing the credibility of the bid. Many Dogecoin enthusiasts are optimistic and any potential approval of an ETF will likely drive higher trading volumes and add upside momentum to DOGE’s price trajectory.
Despite the initial enthusiasm surrounding the ETF proposal, Dogecoin crypto has struggled to maintain momentum. In the last 7 days, DOGE has fallen by about 6.7%. At press time, DOGE changes hands at $0.3344, which is a border near its market value at the start of the year.
Shiba Inu (SHIB): Despite Shibarium Growth, Price Action Remains Bearish
As the token with the second biggest bite of the meme-coin market share, Shiba Inu news remains of keen interest to several investors. One of which is the released upgraded version of its Swap and Bridge platform.
This upgrade will extend cross-chain functionality to further enhance user experience with seamless swaps and bridges between multiple blockchains. The latest Swap and Bridge upgrade is a key component of Shiba’s long-term strategy, offering users customizable slippage, max buy settings and an improved interface for managing liquidity and staking.
However, despite this major ecosystem upgrade, Shiba Inu news remains filled with concerns over its price action. Trading at $0.00001886, SHIB has lost 3.84% of its market value in the last 24 hours, extending its weekly dump to 10.97%. Many investors are increasingly anxious as price charts indicate a potential further downturn before February.
Can Remittix (RTX) Save the Meme Coin Market?
While Dogecoin crypto struggles with ETF uncertainty and Shiba Inu news highlights ecosystem growth but price stagnation, Remittix (RTX) might well be a game-changing solution for crypto investors. Remittix offers real-world financial utility, addressing one of the most critical challenges in the global market: instant, low-cost crypto-to-fiat payments.
Remittix allows businesses to use DOGE, SHIB and over 40 other cryptocurrencies to facilitate crypto-to-fiat beyond borders, providing more liquidity. This implies businesses could use the Dogecoin crypto to pay directly to a USD or GBP bank account.
The increased adoption of Remittix’s PayFi platform would see the transaction volumes of DOGE, SHIB and other supported cryptocurrencies surge, creating renewed demand for these assets. While Dogecoin investors stay in wait for an ETF approval, Remittix provides an immediate use case, giving DOGE a real-world function beyond the hype.
With a multi-trillion-dollar market gap to bridge, the potential for RTX tokens is undeniable. Don’t miss out on securing your RTX tokens at $0.0498 today before prices rise!
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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