Traders are back arguing about Dogecoin price prediction models after Elon Musk made a playful Shiba Inu post on X (formerly Twitter). Now, analysts and investors are starting to evaluate whether DOGE is undervalued at current market prices and if now could be the best time to take up positions in the meme coin.
While discussions continue, analysis shows that investors are also looking at a new, lower-priced PayFi altcoin, Remittix, in expectations that it will deliver bullish returns.
Dogecoin Price Prediction: Did Elon Just Call The Bottom?
Analysts are rushing to recalibrate their Dogecoin price prediction models after Elon Musk’s recent playful tweet on X about DOGE. The tweet might have been a joke, but there is absolutely nothing playful about the effects it has already had on Dogecoin’s price. Chart analysis shows that DOGE, which has been trending lower for days, is now back in a sharp bullish recovery.
Experts note that this is actually not the first time Elon Musk has more or less directly triggered a bullish run for Dogecoin. Cointelegraph reports that in 2021, Elon’s tweets were the major catalysts that singlehandedly drove the DOGE token price to almost $0.73.
Dogecoin Price Prediction Scenarios To Watch
According to analysts, $0.3 to $0.5 appears to be a reasonable short-term Dogecoin price prediction range. This is largely because Elon Musk’s tweets have a verifiable history of driving Dogecoin performance. But in addition to this, the meme coin giant itself is also exploring other opportunities to drive token adoption.
However, overall DOGE performance depends on the token retaining hype. As such, investors are now watching utility-backed tokens, like Remittix, for dependable returns.
Why Dogecoin Investors Are Eyeing Remittix For Massive Returns
Short-term Dogecoin price prediction models suggest that the meme coin could be a good buy for now. However, investors searching for opportunities that offer more assurance are looking to Remittix to deliver. Remittix is an Ethereum-based PayFi project built for fast cross-border transfers that has raised over $27.5 million in private funding.
Remittix has already confirmed Tier-1 CEX listings for its RTX token, like LBANK and BitMart, and the PayFi project just rolled out a new wallet feature for beta testing. Other key reasons why Remittix is catching the eye of investors include:
- Successful CertiK verification
- Active community engagement powered by a $250,000 giveaway and 15% in USDT referral rewards, claimable daily.
- Global adoption potential with direct crypto-to-fiat transfers already live in 30 countries
Elon’s post lit the spark, but sustained usage will decide the Dogecoin price prediction path. Meanwhile, Remittix is already demonstrating proven demand and interest that has seen it record over $27.5 million in private funding. For investors looking for more dependable returns, the choice is clear.
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
