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Cryptocurrency News Articles

Despite a Mini Cool Off, Meme Coins Like Dogecoin Are Nevertheless Continuing to Gain Traction as the Bull Run Progresses

Dec 21, 2024 at 02:39 pm

Despite a mini cool off, Meme coins like Dogecoin are nevertheless continuing to gain traction as the bull run progresses. However, analysts are becoming increasingly bullish on utility gems like THORChain, a standout in the cross-chain liquidity sector.

Despite a Mini Cool Off, Meme Coins Like Dogecoin Are Nevertheless Continuing to Gain Traction as the Bull Run Progresses

Meme coins like Dogecoin are continuing to gain traction as the bull run progresses, but analysts are becoming increasingly bullish on utility gems like THORChain.

To maximize multiplier potential with a new utility-based cryptocurrency, the cross-border payment Remittix offers substantial lucrative potential during its presale stage.

Here's a closer look at each project and why they could be interesting plays in the remaining bull market.

#1 Meme Coin: Dogecoin Positioned For Further Growth

Dogecoin has added 10% in the past 30 days, bouncing back to $0.40 after recovering from a 20-day low of $0.36. Over 60,000 new Dogecoin wallets were added in December as strategic buyers took advantage of Dogecoin’s dip, injecting fresh liquidity.

After this upsurge, analysts have identified $0.50 as a key resistance level, with technical indicators signaling the potential for continued upward momentum for Dogecoin as the bull run progresses.

Dogecoin’s cultural influence also remains unmatched, with figures like Elon Musk continuing to endorse the meme coin, teasing future integrations with the X platform and reinforcing its relevance with constant X posts.

Donald Trump’s new pro-crypto administration, of which Elon Musk is set to lead the “Department Of Government Efficiency” (DOGE) , also bodes exceptionally well for Dogecoin.

With its loyal community and increasing adoption, Dogecoin is positioned to play a significant role in the next bull market, with projections of a rally toward $2-5 if market conditions remain favorable towards memes.

Underlooked And Undervalued: How THORChain Could Become A Leading Utility Play

THORChain has seen a strong recovery, trading around $6, with daily volumes surging from under $100,000 to over $740 million. Analysts predict the token could reach $10-12 by the end of 2025, with its 200-day moving average signaling long-term bullish momentum.

While THORChain has failed to capture significant attention in this bull run so far, THORChain’s decentralized protocol enables seamless cross-chain swaps without intermediaries, supporting top assets like Bitcoin, Ethereum, and even meme coins like Dogecoin.

Recent integrations for THORChain, such as its partnership with cold storage wallet Ledger, have recently enhanced THORChain’s appeal.

With ongoing upgrades like v3.0.0 and expanding use cases for cross-chain liquidity, THORChain is positioned as a leader in asset interoperability, though in the hype-centered cryptocurrency realm, marketing efforts need to improve to instigate massive bullish momentum in the peak of the bull run.

Get In Early To Remittix: A New Project Poised To Substantially Soar

Remittix is reshaping global fintech by making cross-border payments fast, affordable, and simple. Using blockchain technology, the platform enables users to send funds in cryptocurrency, which are instantly converted to fiat and deposited into the recipient’s bank account.

What sets Remittix apart is its focus on accessibility and efficiency. Unlike platforms like Stripe, Wise, or Coinbase, Remittix seamlessly integrates fiat and crypto, providing a single solution for individuals and businesses. Its flat-fee pricing and no hidden charges ensure users always fully understand exactly what they’re paying, making it a reliable choice for transparent and cost-effective transfers.

At the core of the Remittix ecosystem is its RTX token, which powers the network and drives innovation. With audits by Solidproof and BlockSAFU and with the team tokens locked for three years, the platform prioritizes security and trust over the long term.

Traders have already shown strong interest, with the token currently priced at $0.015 during the presale and predictions of significant returns post-launch.

The token is forecasted to 20x during its presale and offers promising growth potential, especially with its limited supply and increasing demand. For those looking for a project that could potentially surge by 800% or more, Remittix stands out as a top-tier presale option in the space.

You can find more information about Remittix (RTX) here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

News source:zycrypto.com

Disclaimer:info@kdj.com

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Other articles published on Dec 21, 2024