Remittix (RTX) Presale Is Exploding, Raising $14.9M as Dogecoin (DOGE) and Pepe (PEPE) Surge

Dogecoin and Pepe are surging with massive trading volume, but it's Remittix's real-world utility and red-hot presale that may steal the spotlight next.

In the dynamic landscape of cryptocurrencies, memecoins have undeniably captured the attention of investors in 2023.

Dogecoin and Pepe are two such memecoins that have surged massively with huge trading volume. However, another token is quickly stealing the spotlight: Remittix.

Having already raised $14.9 million for its presale and seen strong demand for its new token, Remittix is quickly becoming a hot topic in the crypto world.

As investors search for the best assets to put their capital into, here’s a closer look at each coin and what’s driving interest.

Dogecoin volume soars as bulls stay in control

Dogecoin (DOGE) just broke through the $0.20 resistance level and it’s looking like the bulls are still in control here. According to cryptocurrency analysts, the breakout above $0.19 came with strong volume and bullish momentum.

The Relative Strength Index (RSI) now sits in overbought territory while the Moving Average Convergence Divergence (MACD) is still pushing into positive territory - both of which suggest that more gains could be coming.

At the moment, DOGE is holding the $0.22 support level and the breakout from the falling wedge that began forming in February is a significant development.

Moreover, data from CoinGlass shows that the total open interest has increased by 18% to reach $2.17 billion, and around $11 million in short positions on Dogecoin have been liquidated in the past 24 hours.

This short liquidation contributed to the recent surge in DOGE price. Finally, the 24-hour trading volume has risen by 74%, reaching $4.5 billion.

Pepe coin technicals show strength as community support grows

PEPE is having a strong run, notching up 104% gains over the last 30 days as investors circle back around to memecoins. While the likes of SHIB and DOGE still hold larger market caps, predictably enough, PEPE’s gains are beginning to outpace both despite its smaller size.

Right now, PEPE has a market cap of $5.5 billion, which is part of its appeal among traders who are looking for coins that still have room to grow, rather than some of the more saturated memecoins out there. Having a lower cap gives it a better chance of pulling off huge gains.

Technicals are also looking good for PEPE, with analysts noting a bullish breakout pattern that has been forming for a while and if momentum continues, then a move toward $10 billion market cap could be next on the cards.

Remitrix heating up rapidly with real-world utility

Remittix is a new PayFi project that is making waves for allowing people to send fiat money across borders directly from their crypto wallets. Essentially, it works like MoneyGram or Western Union but is cheaper, faster, and more efficient.

This real-world utility is a key part of what has interested investors in Remitrix. Rather than just being another crypto token with hype, Remittix is providing a service that solves a problem for both users and businesses.

As more people become aware of Remitrix and the service it provides, demand for RTX is expected to grow throughout the presale.

So far, more than 30,000 investors have joined the presale and over 534 million RTX has been sold. The presale price is currently $0.0757, having increased 400% since launch.

Some are setting a $1 price target for RTX, which would see early presale investors make around 10x on their investment.