The post Dogecoin And Cardano Show Weakness Whilst Analysts Tip Remittix As The Next 50x Altcoin appeared first on Coinpedia Fintech News
Dogecoin and Cardano show signs of weakness at the start of September, raising questions about their short-term momentum. While long-term supporters remain optimistic, analysts argue that capital may shift toward projects with higher asymmetric potential. One name in particular, Remittix (RTX), draws comparisons to early-stage breakouts and is being tipped for as much as 50x upside.
Dogecoin Price Risks Further Downside
Dogecoin is near its 200-day EMA at $0.211, which could determine its future move. The financing rate has turned negative, shorts are rising, and whale distribution implies selling pressure.
Dogecoin Price Chart | Source: TradingView
According to on-chain data, whales holding 100,000–100 million DOGE coins have sold over 250 million DOGE since late August. This supports the negative narrative, as price movement has rejected trendline resistance.
If DOGE closes below $0.211, $0.181, last seen in June, is a downside target. Technicals confirm pressure: RSI is below neutral at 46, and MACD has crossed bearishly. Bulls must maintain $0.211 to rebound toward $0.247.
Cardano Price Consolidates Below Breakout Levels
After a turbulent August, Cardano is consolidating in a falling wedge around $0.82. Short-term support is $0.80, and a key line is $0.756. This week, on-chain flows reveal almost $1 million in net withdrawals, indicating whale selling pressure.
Cardano Price Chart | Source: TradingView
The $0.85–$0.86 resistance limits gains. Breaking above this zone might lead to $0.90–$0.95, but repeated failures show weakness. If ADA falls below $0.756, experts expect a drop to $0.70 or the MA200 at $0.59.
Due to its seven-week streak above its main weekly moving averages, analysts say ADA is resilient despite near-term challenges. Cardano must soon regain momentum to avoid being sidelined as new DeFi initiatives capture speculative flows.
Remittix: The PayFi Token Dominating Market Discussions
As Dogecoin and Cardano struggle with technical ceilings and outflows, attention is shifting to Remittix (RTX), a PayFi project designed to bridge crypto and traditional finance. Unlike speculative meme coins, RTX offers a utility-driven payments infrastructure.
Remittix enables users to send 40+ cryptocurrencies directly into bank accounts across 30+ countries, with transfers settling in under 24 hours. Fees remain flat, FX costs are transparent, and recipients see funds as standard bank deposits. For freelancers and businesses, the Remittix Pay API makes crypto payments simple while settling in fiat, eliminating volatility headaches.
Momentum is already strong. The Remittix presale raised over $23.4 million, selling over 640 million tokens. Exchange listings on BitMart and LBank are confirmed, with more expected to follow. Security and trust are emphasized; the project passed its Certik audit, with liquidity and team tokens locked for three years.
Why Analysts See 50x Potential
While Dogecoin and Cardano may deliver modest recoveries, analysts highlight Remittix’s entry into the $183 trillion cross-border payments market as a once-in-a-cycle opportunity.
- Upcoming CEX listings set to bring in liquidity post-launch.
- Remittix Pay API for businesses and freelancers to accept crypto but settle in fiat.
- A Q3 Wallet Beta launch bringing user-friendly transfers and tracking.
By targeting retail users, freelancers, and merchants, groups often underserved by existing payment rails, RTX avoids the bottlenecks that slow adoption for tokens like XRP and XLM.
With exchange listings, a working product pipeline, and a $250,000 giveaway driving user growth, Remittix has the scalability to deliver 50x returns as adoption accelerates.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
