Dogecoin (DOGE) is the original and first meme coin to be launched in the market. It is the leading face of the meme coin sector, ranking high above other meme coins in parameters such as market cap and adoption.
As the market gears up for the next rally, long-term investors ask how far Dogecoin is from hitting the long-awaited $1.
Dogecoin’s Journey So Far And The Possibility Of $1
Dogecoin was launched in 2013 as an online joke/humour intended for fun. However, it shot into the mainstream after Elon Musk’s endorsement. Retail adoption and its use in payments increased, with companies like Tesla accepting it as payment.
The most notable Dogecoin rally was during the 2021 bull market. In January, DOGE was trading at $0.004; by April, it surged by 1,100% to create an all-time high at $0.73. Although Dogecoin continued to trade in the valley after reaching an all-time high, investors still expected the predicted $1 but their patience has since waned.
DOGE continues to benefit from brand recognition, widespread exchange availability and active community support. But its reduced momentum and ever-increasing competition are causing investors to doubt the ecosystem
For Dogecoin to hit $1, it would need a significant influx of retail buying power and broader adoption and utility. And with its large market cap of over $37 billion, DOGE isn’t reaching $1 anytime soon.
The smart investors are aware of this and are diversifying into utility-driven projects like Remittix (RTX), which is set for a 100x.
Remittix (RTX), The Smart Investors Pick
Remittix is built to enable instant crypto-to-bank transfers in 30+ countries, and supports over 40 cryptocurrencies. Its app features real-time FX conversion, staking and low gas fees.
This PayFi project also has a referral program for users to earn on the platform. Users will earn a 15% reward on the buyer’s presale purchase in USDT. Rewards are instantly claimable every 24 hours via the Remittix dashboard. They are paid in USDT and can be withdrawn or reinvested.
Remittix highlights:
- A full CertiK audit has been completed; liquidity and team tokens have been locked for three years.
- Remittix is built for real-world utility and adoption, not speculation like meme coins.
- Designed for both crypto natives and non-crypto users, it can be used by business owners, freelancers and remitters.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
