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The market is towards a negative outlook for the Dogecoin price, as the price has continued struggling between $0.20 and $0.28 for the past few weeks. The drastic drop in the market cap since mid-January suggests investors might be losing confidence in the meme coin giant already. This drop in investor confidence might give a good hint as to a factor causing the Dogecoin price to continue dropping. The Dogecoin price action is already fueling a prediction that suggests the price might be heading to $0.10 soon.
The high energy around Dogecoin suddenly started dropping following the meme coin surge in early January. This saw the price take a turn that has continued to look impossible to recover from since mid-January. However, although some analysts believe the current fall is a result of the crypto market's near-term downside, a new altcoin is coming under the radar.
Experts are currently favoring a new altcoin as a potential altcoin to get a big share of the market bull this year. However, a number of factors are coming together that make this new coin the “XRP 2.0” that analysts believe could get a major ride upward in 2025. Here is a breakdown of the market outlook, starting with Dogecoin.
Fresh Bearish Breakout Discovered in Dogecoin Price Action
There is a lot to be worried about the Dogecoin this past few weeks as the coin continues to find new lows. This is as the Dogecoin price continues falling for the fifth straight week, now trading below the 7 SMA for the third week on the Dogecoin weekly chart. This shows a bearish sign as a top analyst speculates the fall could soon hit a death cross on the weekly chart.
The doge price fell below $0.32 on January 31 on the daily chart, triggering a death cross that saw the long and near-term SMAs cross each other. However, with the high-period SMA (50 and 100) trading above the near-term SMA (7), the bears are fully in control. But in a zoom-out look at the price action on the weekly chart, the Doge price has also broken below the 7 SMA and is heading towards the 50 SMA.
This continuous fall, trading for the third straight week below the 7 SMA, is why some analysts believe the doge price might already be heading towards $0.10.
Remittix Solution Is Pushing It Towards Shining Brighter in 2025
Remittix is a new name in the altcoin scene but gradually making a space for itself with a solution in the payment sector that earns it the name XRP 2.0. The Remittix exchange is a place where the top payment constraint with crypto is getting resolved this season. This is because the platform makes sending FIAT using crypto possible and cheaper than most traditional banks.
The Remittix conversion process gives room for converting up to 40 crypto assets to FIAT at the best price with instant access to send it to a recipient bank account. This Crypto payment can be sent to any bank account globally with instant delivery and at the lowest fee. As a result, the Remittix exchange is gradually becoming a popular option amongst crypto users who are discovering the endless possibilities of crypto payment with Remittix.
However, as the platform continues to grow bigger, its token is set to become the best-performing altcoin this year. Although the Remittix $RTX token is still in presale, investors are beginning to see the high potential of this new token. With over $12.4M raised already over the last few weeks, there is a lot to expect from this new token.
The $RTX token price is currently at $0.0628 but this is the best price you can enter the token at for bigger profit growth this year. Take advantage of the presale to start early with Remittix. Check out the links below for more about the presale.
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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