Remittance-Focused DOGE (RTX) Token Aims to Be the Next to Hit the $1 Barrier

Cryptocurrency traders are once more keen to know which tokens will be the next to take a giant leap forward, particularly those that are poised to

Cryptocurrency traders are once again keen to know which tokens will be the next to take a giant leap forward, particularly those that are poised to hit the legendary $1 barrier. Among the contenders are Dogecoin (DOGE), Hedera (HBAR) and Remittix (RTX), each offering differing growth catalysts.

Dogecoin: On-Chain Data Hints at a Potential Rebound

Recent statistics from Santiment indicate that DOGE wallets containing a balance of at least 1 million coins have risen by 1.24% since early February, amidst declining prices. Active addresses on the network, on the other hand, hit a four-month high, indicating renewed user activity.

When large holders accumulate when the price declines, it usually is a sign of undervaluation and potential setup for a bounce. If these DOGE whales are looking for a future price explosion, retail investors can soon be following their lead. In addition to this, Dogecoin is at an oversold level near $0.13, historically an area of bullish reversals.

Traders notice that DOGE’s multi-year ascending trendline support has sparked price jumps in the past. The 200-week exponential moving average (EMA) also stands around $0.13, potentially contributing to this support cluster. If DOGE is able to spark even a 30% rally from current oversold levels, it may make another attempt at the elusive $1 level.

Hedera: Consolidation in a Tight Range

While DOGE struggled with oversold conditions, Hedera (HBAR) was struggling with bearish sentiment. HBAR was moving in a downtrending channel between March 8 and March 15, reaching a low of $0.198 at some point in between. Experts had assigned weekly support and resistance levels of $0.184 and $0.236, respectively and saw weak buying interest on all fronts.

In spite of occasional golden crosses on the MACD line, a trend that is typically bullish in nature, such gains were not long-lasting, as death crosses had soon followed. A brief rally to $0.216 was not able to gain traction, pulling the price below the $0.20 level. HBAR is now trading in a range of $0.187 and $0.207, which suggests neither bears nor bulls have a firm grip.

For Hedera to stand any chance in the race to $1, it must break out of this narrow range and convincingly pierce above $0.236. Traders await signs like RSI bounces or a strong MACD crossover to confirm a definite trend reversal. Until that happens, it is difficult to tell whether HBAR will surge strongly or remain stuck in sideways trading.

Remittix: A Rising Contender in Cross-Border Payments

Whereas DOGE and HBAR are attempting to decipher their charts, Remittix (RTX) is going about it differently, resolving real payment pains. In its presale, the venture sold in excess of 519 million tokens, grossing $13.9 million and hugely rewarding early purchasers with over 1000% ROI.

Priced at $0.0734, analysts estimate a further 200% rise in March that may bring Remittix to the verge of mainstream recognition.

What Remittix does differently is that it has the PayFi model, which bridges more than 40 cryptocurrencies and bank accounts worldwide in hours, not days. The service is very fee-efficient, providing a cheaper, quicker remittance alternative for individuals and businesses.

Merchants can also utilize the Remittix pay API, which makes crypto acceptance easy and deposits the funds directly into fiat, a blessing for freelancers, migrant workers and e-commerce merchants.

Transparency is the cornerstone of the platform. Every transaction is documented on a public ledger, reducing the chances of fraud to almost zero.

The team also instills trust with locked liquidity and a strategy to renounce contract ownership post-presale, demonstrating a commitment to long-term stability. If Remittix increases its user base, RTX token demand may explode, with spectacular price appreciation a real possibility.

Which Coin Might Reach $1 First?

Dogecoin probably has the best name recognition, driven by on-chain data of whale accumulation. Traditionally, DOGE could lead a 30% bounce from its oversold condition, driving the meme coin towards a psychological boost. But $1 is still a tall order, as it would need continued market hype and strong external catalysts.

Hedera is consolidating and that implies a tug of war between bulls and bears. An HBAR breakout above $0.236 would imply momentum, but there is no imminent indication that this will happen. In the absence of a decisive push by investors, a goal of $1 might be too ambitious in the short term.

In the meantime, Remittix’