The Dogecoin (DOGE) price currently stands at around $0.1632, up by 0.56% in the last 24 hours. With all the years of hype and Elon Musk-driven tweets, however, more and more investors are now asking themselves if DOGE can ever actually hit a price of $1. But while some investors bet bigger on this meme coin, others are now starting to look to XLM and a new player by the name of Remittix for further gains.
Dogecoin Price: A $1 Dream Or Delayed Fantasy?
Dogecoin has crypto’s most powerful community, but market fundamentals are lagging behind. With a humongous market cap of $24.47B and falling daily trading volume of just $581.1 million, Dogecoin’s rally appears to be slowing down again.
Analysts are split. While some anticipate the price of Dogecoin to surge during the next bull cycle, others believe that its meme status may not prove enough to fuel long-term growth anymore. Institutional interest is still held back by lack of real-world applications and regulatory uncertainty.
XLM Has Potential but is Hindered by Scalability Concerns
Stellar (XLM), at a price of $0.2362, has for a long time been vying for a spot as a blockchain of financial infrastructure. Its market capitalization is $7.3B, but daily volumes have fallen to a mere $59.95 million, causing concern that investor interest is waning.
Although XLM does provide genuine utility in the form of cross-border payments, it is being threatened by newer alternatives. Investors need something more convenient, cheaper and faster. And that’s where altcoins such as Remittix are starting to gain traction.
Is Remittix the New XRP or XLM?
Remittix (RTX) is soon becoming a force to be credited in the crypto payments space. Unlike Dogecoin or XLM, Remittix provides for instant fiat-to-crypto transactions where people can send cryptocurrency like BTC, ETH or XRP to banks in just minutes.
With over 548M tokens sold and $15.9M+ raised, Remittix is creating strong early momentum. The company recently revealed its one-stop Remittix Wallet, going live in Q3, that will make global transactions even easier.
Also, the token is still in presale at $0.0811 with a 50% time-limited bonus as the team strives to hit its $18M softcap. It’s estimated by analysts that RTX could surpass legacy tokens like Dogecoin and XLM as the demand grows for practical financial solutions.
Remittix vs Dogecoin & XLM
While Dogecoin’s price could eventually hit $1, that dream slithers further away each day. XLM is still a decent project, but new entrants are now overtaking it. With its sound use case, growing adoption and optimistic prognosis, Remittix can be the breakout crypto of the next cycle.
For those sincere value- and long-term utility-based investors, RTX could be the safer bet than waiting for the meme coins to moon.
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