Remittix (RTX) is attracting serious investors and could deliver significant returns like Shiba Inu did

Excitement around Dogecoin is rising, and speculation is about a potential Dogecoin ETF. Analysts believe this could bring DOGE the institutional attention it seeks.

In the dynamic realm of cryptocurrencies, meme coins have undoubtedly captured the attention of investors with their playful spirit and unexpected surges. Among these digital assets, Dogecoin (CRYPTO:DOGE) has emerged as a firm favorite, largely due to the close-knit community that rallies around it.

However, despite the enthusiasm surrounding meme coins, a lesser-known project, Remittix, is quietly amassing serious investors who could be set for significant returns, similar to the impressive gains seen with Shiba Inu (CRYPTO:SHIB).

While the U.S. Securities and Exchange Commission (SEC) is setting the stage for a potential Dogecoin ETF with its 240-day review, analysts believe this could bring institutional attention to Dogecoin.

But as eyes remain fixated on the meme coin’s ETF prospects, a lesser-known project, Remittix, is attracting serious investors and could deliver significant returns like Shiba Inu did.

Remittix isn’t just another coin; it’s a utility-driven protocol transforming crypto and fiat interactions across borders.

Here’s a closer look at the project, its presale progress, and why one analyst believes it could be a top-performing token in 2024.

SEC begins 240-day review of Dogecoin ETF as whales quietly accumulate 1 billion DOGE

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged 21Shares’ application for a Dogecoin (CRYPTO: DOGE) ETF, setting in motion a 240-day period to decide on the fund’s fate.

This acknowledgment, which follows a previous rejection of an attempt to launch a Bitcoin (CRYPTO: BTC) ETF in 2024, marks a significant step toward potentially launching a DOGE ETF in the U.S. market.

However, despite the hype surrounding a DOGE ETF, the SEC will meticulously examine the fund to ensure it complies with relevant securities laws and that the application is sufficiently clear.

Only after this comprehensive review will the SEC decide whether the fund should proceed or face rejection.

As the SEC commences its review, analysts at Ali Martinez have revealed that Dogecoin whales have quietly accumulated over 1 billion DOGE in the past 30 days.

According to Martinez, this accumulation began around April 15 and surged as DOGE’s price spiked 45% by May 8, reaching $0.25.

Following this rally, a large portion of the accumulated DOGE was observed moving out of cryptocurrency exchanges, suggesting whales were eager to diversify their investment portfolios.

During this period, the price of DOGE remained range-bound, with support at $0.1435 and resistance at $0.1552. However, as the SEC announced the approval of the first spot Bitcoin ETFs, a breakout from the $0.1435 support sparked a fresh rally in DOGE, pushing it toward the Fib 0.382 level at $0.1706.

Shiba Inu (SHIB) burns near 410 trillion milestone as token faces crucial support, technical analysis

Shiba Inu (CRYPTO: SHIB) is approaching a major milestone with nearly 410 trillion SHIB tokens burned since the inception of its burn mechanism, reducing supply and fueling long-term hopes for price appreciation.

According to data from Shiba Inu blockchain explorer Token Sniffer, approximately 409.96 trillion SHIB tokens have been sent to an unretrievable address, highlighting the community’s efforts to reduce the circulating supply of 590.06 trillion SHIB tokens.

Despite this significant deflation, Shiba Inu’s price impact has been minimal as it is still down by 38% yearly and is trading within a narrow range.

Currently, SHIB is forming a descending triangle, indicating indecision among buyers and sellers. Technical indicators like RSI and MACD show weakening momentum, with traders closely eyeing the $0.0001460 support level.

A drop below this could send SHIB to $0.0001336, while reclaiming $0.01552 with strong volume could trigger a bullish rebound.

Cross-border crypto payments made simple with Remittix: No wallet, no problem

In today’s interconnected world, seamless cross-border payments remain a challenge, especially when navigating the differences between cryptocurrencies and fiat currencies.

However, Remittix, a new-age utility protocol, is streamlining this process and revolutionizing the way people and institutions interact with crypto and fiat across international boundaries.

Remittix allows users to send crypto payments that arrive as fiat in any bank account worldwide. The only requirement is connecting a wallet. There are no intermediaries, exchange hassles, or long waits.

The platform’s simplicity is another highlight, with its interface mirroring