Remittix, a new PayFi token, is just the token to show Cardano and Dogecoin how to get to $3.00
A $100k Bitcoin price. A $4,000 Ethereum price. Some targets in the crypto world are so consistent they’ve become iconic. Bitcoin met and exceeded its targets, but others are less achievable. The Cardano price has a $3.00 target attached to it, and likewise does Dogecoin. Can these tokens see the three-dollar mark? It’s unlikely, if not mathematically impossible.
This may sound like bad news for investors, but this is crypto, and with over 5,000 new tokens added per day, one of them is bound to jump to the head of the queue. Remittix, a new PayFi token, is just the token to show Cardano and Dogecoin how to get to $3.00
Cardano (ADA): price set for up-tick but then stagnatesCan Cardano reach $3.00? The all-time high Cardano price was $3.10, so there is certainly a precedent. But that was in simpler times, during an immature crypto market with less competition and a crypto frenzy that drove prices unsustainably high. Since the Cardano price reached its high in September 2021, the market has matured, prices have stabilized, and the Cardano price has lost 75% of its value. By contrast, Bitcoin has just reached another ATH. The Cardano price is not keeping up. Looking ahead, the Cardano price prediction sees the token peaking at around $1.30, about double present levels, and never really extending higher. Image Credit: Coincodex
Dogecoin (DOGE): $3.00 mathematically impossibleDogecoin’s current market cap is around $35 billion and DOGE’s price comes in at around $0.23. For Dogecoin to make it to $3.00, it would need to deliver a return of 13x. Surely, that can be done. Crypto has delivered much more than 13x. Even Dogecoin itself delivered much higher rates than that. But that was off a low base. If all else remains equal, for DOGE to reach $3.00, it would need a market cap of almost half a billion dollars, half that of Ethereum. The problem with that is Dogecoin is not deflationary. With no maximum supply, there is no scarcity, and thus, Coincodex predicts the Dogecoin price will never reach far beyond $0.50.Image Credit: Coincodex
Remittix (RTX): the $3.00 mark certain for PayFi newcomerSolana was available in presale at $0.20 and reached an ATH of $295 for a 1,475x return. This is the power of presales, and right now, Remittix is in presale for $0.781. Can it emulate Solana? If it does, Remittix would hit $115. Thus, a $3.00 goal is remarkably small, coming in at a mere 38x.
But what is Remittix, and can it grow that fast? Remittix is the world’s first PayFi token, a crypto-to-fiat bridge that allows users to make crypto deposits into almost any fiat bank account across the globe. Remittix payments clear almost instantly, bypassing administrative hoops to jump through and costing a fraction of traditional bank charges. The upshot is faster service delivery and smaller overheads, all positively impacting the bottom line. As the world becomes more crypto-educated, the potential for Remittix to explode is enormous, and the $3.00 is not just possible, but probable.
ConclusionWhile the Dogecoin and Cardano prices hint at a $3.00 mark, it may be a bridge too far for either of these tokens, but for a newcomer like Remittix just starting its crypto journey, that $3.00 price point is not a goal, but a mile marker to even greater heights. Even YouTube is raving about Remittix, and tokens are now available directly from their website.
