Remember when Dogecoin was the center of attention some weeks ago? Well, the token is back to the center stage but it’s not quite the same kind of excitement about it.
Traders are torn between whether to continue trusting a meme coin or to turn to more stable tokens for their profits. The returns will be massive either way, since the bull run is on but the losses on Dogecoin could be colossal.
So, to hold or not to hold Dogecoin? Here’s what crypto analysts think.
Dogecoin Price: Is $0.21 A Level To Spike From Or Will Bears Take Over?
The DOGE token was on its way to a 50-cent valuation only days ago. Most of the momentum came after some institutional interest in Dogecoin rose significantly, leading to token accumulation.
Now, Ali Martinez has also spoken about a possibility for a 40% spike on DOGE charts. He states that the coin is in a consolidation phase, as it seems stuck within a symmetrical triangle. Many traders, including Martinez, are choosing to interpret that as a sign for a bullish explosion on Dogecoin.
But the alternative is a takeover by the lurking bears.
There was a bearish signal noticed on the DOGE charts this morning. A classic head and shoulders pattern surfaced, and it’s been spooking users ever since. The Dogecoin price is sitting right on its $0.21 support level and the looming bearish signal is looking even more problematic.
So, holding Dogecoin might not be the best decision at the moment. With so much pressure around the price, traders can expect some selloff soon. And that will undoubtedly impact the DOGE price.
At any rate, there is a launch coming up in the DeFi sector soon. Remittix is about to change the future of global finance.
Remittix: Check Out The Next Face Of Crypto Finance
The PayFi sector in cryptocurrency seems stuck on features Ripple and Stellar promoted about a decade ago. While both projects have been remarkable in the sector, they seem to be serving corporations more than the users.
Now, we have Remittix, a new project with utilities that favor the users. The main feature is a crypto bridge that connects crypto assets directly to bank accounts, allowing for easier withdrawals.
The withdrawals are as easy as transferring assets between wallets. The gas fees on Remittix are reduced, and the bank charges on each transfer are nonexistent. Just fast transaction processing, secure transactions and cloaked transactions. Yes, even the banks will not know the transfers came from crypto blockchains.
The Remittix bridge will be operating on a global scale, too, so users will be able to change their assets into any currency they want. The use cases are almost endless, and both traders and investors can’t wait for the platform to launch.
Remittix Tokens Will Go Live Soon!
The Remittix tokens are also approaching launch and they are still selling at bargain prices. Each one goes for $0.0969 and the 100x potential after launch still stands.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/Remittix
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