Bitcoin skyrocketing to a new ATH of $112k has reawakened the Dogecoin bulls

Bitcoin skyrocketing to a new ATH of $112k has reawakened the Dogecoin bulls. The meme coin is now back on the horse, rallying remarkably to break new resistance levels

The meme coin community is abuzz with anticipation as June approaches, a month that could bring crypto highs and handsome returns for savvy investors.

While the crypto market is never short of possibilities, two coins are particularly capturing attention: Dogecoin (CRYPTO: DOGE) and Remittix (RTX). Both coins are hyped to rise to incredible highs in June, but which one stands a better chance of delivering profitable returns?

Dogecoin Bulls Return As Bitcoin Hits $112K

Dogecoin’s success over the years may be attributed to hype, but its meme-crazed community played a huge role in its viral movement. Without the persistent efforts of the DOGE army, Dogecoin wouldn’t have caught on in the first place.

This is why the return of Dogecoin bulls in recent days is sparking excitement all over the community. Following Bitcoin’s recent surge to $112K, Dogecoin broke through the $0.23 resistance level for the first time in weeks.

Although there’s been a minor pullback since then, crypto experts remain bullish about Dogecoin’s chances of hitting new highs in June. One of the fundamental signals bolstering this resolve is Wormhole’s recent integration of Dogecoin on the Solana ecosystem.

A top cross-chain interoperability network, Wormhole has launched the first-ever trustless Dogecoin-Solana bridge, which is expected to increase Dogecoin’s exposure and usher in fresh capital into the meme coin.

According to a report from TradingView, a total of 60.9 billion DOGE, worth approximately $23 billion was moved by Dogecoin whales around the time Bitcoin hit its recent high.

Although the major drive behind these transactions remains a subject of speculation, it is evident that Dogecoin whales are preparing for something significant.

This sentiment is further amplified by the increasing Dogecoin transaction volume. Over the last week, the daily trading volume for Dogecoin has been in the billion dollar range, and since the coin’s general trend is upwards, it indicates increased buying activity from investors.

Dogecoin Price Prediction: Can DOGE Hit $3.8?

Crypto technician Kev_Capital_TA predicts so. In a video released on Youtube, he mapped Dogecoin’s three historical cycles and concluded that the memecoin’s current breakout-and-retest pattern puts a long-term Fibonacci extension at $3.8 to $3.9.

As he pointed out, the current cycle looks healthier than the previous ones, and as long as Bitcoin remains stable and macroeconomic conditions continue to improve, we could see a new price high for Dogecoin.

If the optimists are right and we continue to see Bitcoin in a stable, upward trend, and if the macroeconomic environment continues to improve (which would be a logical continuation of the current trend), then we could see a move to complete this final wave around the $3.8 to $3.9 range.

If, however, Dogecoin price goes through a sudden correction or crash, we would see the price come tumbling down to around $1.2 to $1.3, which is the Fib level that would provide support in that scenario.

Will Dogecoin Be Profitable In June?

Despite its bullish momentum and expected surge in June, crypto experts are still a bit skeptical about Dogecoin. The coin is known to be volatile and its heavy reliance on external factors to remain resilient doesn’t help its case.

As a result, Dogecoin may not be the ideal option, especially for crypto investors seeking handsome profits in June. That position belongs to Remittix (RTX), an upcoming PayFi solution that is currently making waves in the crypto community.

Unlike Dogecoin and other meme coins, Remittix has real utility. It allows anyone with crypto to send funds in fiat to bank accounts, right from their wallets. This makes it an exciting contemporary financial solution, especially considering that the global remittances market is valued at $800 billion.

Currently in presale at an affordable price of $0.0781, Remittix is also expected to experience a 10,000% rally following its exchange listing.

This incredible potential, combined with its useful PayFi capabilities, positions Remittix as the top investment option for crypto investors in June and beyond.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix