Under the U.S. Securities and Exchange Commission (SEC) former chair Gary Gensler, there was heightened regulatory uncertainty around utility cryptos and non-fungible tokens (NFT) projects. But now, the larger crypto market is gradually shifting away from meme coins like Dogecoin (DOGE) to utility options like Remittix (RTX), stated analysts at Bernstein, a research and brokerage firm.
The crypto regulation will be favourable with the new pro-crypto chair, Paul Atkins. It forced crypto enthusiasts to shift to meme coins that primarily rely on hype. Bernstein analysts believe this will redirect market liquidity back to utility tokens as investors start looking for more value instead of speculative meme coins.
Dogecoin Forms Falling Wedge Patten
According to crypto expert Satoshi Flipper, Dogecoin price has formed a massive falling wedge pattern. In his chart, DOGE price appears to move within two converging trendlines―one descending from the token’s recent swing highs and the other descending at a shallower angle from its short-term lows. This technical structure typically suggests a potential for a bullish reversal.
In this case, the Doge price must make a decisive break above the wedge’s top boundary. This prediction suggests that the token could rally from its current price level of around $0.20 to as high as the $0.50 region by late April. The chart also reveals that the Dogecoin token has a notable support zone below the $0.10-$0.15 levels.
Another crypto expert, Carlos Garcia Tapia, has warned that he sees “h pattern everywhere,” which indicates a potential retracement before the next leg down.
DOGE Price Prediction
At the moment, the leading meme coin has lost more than 15% of its value in the past few days. The drop triggered the Dogecoin token to pull back below the 200-day SMA at $0.24, an area previously acting as a strong support zone for the token. Meanwhile, the broader market has remained volatile, putting pressure on Dogecoin’s price.
Remittix Allows Fiat Liquidity
While crypto was meant to redefine global finance, spending digital assets in the real world remains challenging. Financial institutions globally are tightening restrictions on crypto transactions, making it harder for users to access funds. However, Remittix offers a solution to ensure that users can move their crypto into fiat without banking limitations.
Remittix has the ability to operate outside centralized financial control. Moreover, businesses also stand to benefit from the Remittix Pay API. It allows companies to accept crypto payments while instantly converting them into fiat.
Whether it’s an e-commerce store, global enterprise, or subscription-based service, companies can now expand their payment options without dealing with financial uncertainty.
As the price Dogecoin struggles to regain an uptrend momentum, Remittix presale can attract investors within the crypto market. Remittix enables financial inclusion while bypassing banking restrictions. By eliminating middlemen, the Remittix price currently sells at $0.0671.
