Crypto analysts are now dropping in numbers as the Dogecoin price shows signs of a potential return to a high zone before the end of this year. However, the current Dogecoin price prediction suggests that the coin may still be in a zone for slow growth.
The Dogecoin price has maintained an upper and lower bound between $0.26 and $0.24 over the last two weeks. While the general outlook maintains the coin’s potential for a continuous upward move, can this surge propel the coin to $1 soon?
Let’s take a firsthand look at the XRP price prediction and the factors that could contribute to the coin reaching $1.
Why Dogecoin Price Prediction Could Be Over-Projecting This Quarter
The return of the Dogecoin price to a positive upward trend is fueling a resurgence of market confidence. However, this new sentiment could also be fueling market over-projection, with some Dogecoin price predictions already predicting a price of $1.
According to some bullish analysis, the Dogecoin price crossing the $0.33 resistance could take it to $1 by year’s end. However, proper analysis suggests that this Dogecoin price prediction may be far from possible this year.
While the price dynamics in the last few years have seen the Dogecoin price create some strong resistance, the change in investor sentiment is another factor to consider. These technical and fundamental factors are already revealing flaws in the Dogecoin price predictions.
The Dogecoin price prediction failed to recognize the strength of the $0.28, $0.32, $0.43, and $0.73 resistance levels, which have now created a significant barrier for the coin. However, even if the price can scale this resistance, investor interest in utility tokens presents another hurdle to overcome.
What Could Give Remittix Price An Edge Over The Dogecoin Price Prediction
Remittix has emerged as a market gem over the last few months, but experts say it could become even bigger this quarter. This is due to its high utility, which gives it an edge over other cryptocurrencies like Dogecoin.
Additionally, with the Remittix wallet testing set to conclude soon and an official launch on the horizon, experts predict that the Remittix token could surpass Dogecoin’s $1 mark. However, according to market analysis, it is even further revealed that the rate could be even faster than we currently think.
While the Dogecoin price growth has faced significant limitations due to investors shifting to utility coins, Remittix could see a boost more quickly with its strong utility. The Remittix utility is designed to make payments easier, which is driving a new sentiment in the market. But the main points of this sentiment include:
- Fast and cheaper crypto-to-fiat conversion to more than 30 fiat currencies
- Support for more than 50 crypto pairs in instant payment transactions, which can be paid directly into a bank account
- The Remittix use case is designed to benefit both individuals and businesses, which is capable of sending its adoption to a record high immediately after launch
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