The meme coin sector is falling at the moment, thanks to the ripple effect of Trump’s Strategy Bitcoin reserve. The Dogecoin price has been one to follow Bitcoin’s price movements, and this time was no different.
Somewhere else in the crypto market, a new DeFi project is raring to go for glory. The crypto traders are already hooked on the use case Remittix is providing, and its potential ROI doesn’t hurt either.
With the bearish situation on Dogecoin’s price looming, smart meme traders have invested loads into the new Remittix project.
Trump’s Executive Order Affects Dogecoin Price
The Donald Trump-led government followed up its promise of more crypto-friendly policies with an executive order issued by the president last week. The order sanctions the establishment of a new federal crypto reserve, the Strategy Bitcoin reserve, which was initially thought to hold several tokens.
However, Trump himself clarified that the Reserves will focus on holding Bitcoin as a hedge fund against inflation, leaving out hopefuls like Solana, Ripple, and Dogecoin for now. The clarification also came with price dumps everywhere, as the reserves will only be holding seized BTC, not buying new ones.
The Dogecoin price has been sorely affected as a result, as DOGE has piled up 30% losses in the past week. And it’s not just the dip from the crypto reserve news.
Holders Abandon Dogecoin Early for Remittix
The declining Dogecoin price has left most of its traders in doubt over the predictions for the token, short-term or long-term. Dogecoin is the pioneer meme coin, but even its top 10 crypto token status hasn’t saved it from the selloff lately.
FXStreet reports about $78 million in liquidations on the Dogecoin network, leaving the DOGE token in a massive downtrend. There’s been even worse declines in the past 24 hours following Trump’s prediction of inflation in the economic sector.
The Dogecoin price has visited four-month lows at $0.1616, and a recovery seems rather unlikely, especially with Bitcoin dipping past the $80,000 mark.
Remittix (RTX) could be the coin to rescue the rest of the crypto-verse. How? Here’s more on the token’s philosophy.
Remittix: Massive Returns to Follow Stellar Launch
The RTX presale is a premonition of the large-scale adoption that will follow the token launch after the project lists. Already, the presale has made over $13.8 million, and the coins are still in high demand.
Now, the reason for the high demand for Remittix is not far-fetched. Several attempts have been made to make crypto transfers between blockchain and fiat bank accounts seamless, but none has been as concise as the Remittix project.
Remittix helps the average crypto user liquidate their crypto assets into a wide range of popularly traded fiat currencies. This ensures that traders can make payments for goods and services directly from their crypto hot wallets and across borders too, without country barriers.
As an added benefit, the transactions that originate from the Remittix network cannot be tracked back to it. Users can make bank deposits from their crypto wallets, and no one will know that it all started on a crypto blockchain. As if that’s not enough on privacy and security, the entire setup is on the Ethereum blockchain, one of the biggest ecosystems for secure payment networks.
Remittix is about to be the future of crypto transfers. Unlike Ripple and Stellar, the platform is designed specifically for users, not just large corporations and banks.
The expected user traffic could drive the RTX tokens into 10000x gains in the long run.
Remittix Presale
The RTX tokens are worth about $0.0734 according to the presale site, and they will only get more expensive. For now, there’s some ROI to be gained from the presale, but the big catch is what happens after launch.
User traffic and massive expansion: Remittix is about to be a key part of the average crypto user’s starter pack.
Don’t miss out on it!
Discover the future of PayFi with Remittix:
Website: https://remittix.io/Socials: https://linktr.ee/remittix
Disclaimer: This is a paid post and should not be treated as news/advice. LiveBitcoinNews is not responsible for any loss or damage resulting from the content, products, or services referenced in this press release.
