Dogecoin was one of the most talked about crypto assets immediately after Trump was declared the winner of the last US election.
Much of this discussion was in anticipation of how much impact the term of the Trump presidency could have on it. Another major point is because of how much influence Elon Musk has had on the Dogecoin price in the last few years. But contrary to this anticipation, the price has continued with a nosedive for the last two to three months.
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However, as investors look for a better way to move, a new Ethereum token is breaking out onto the scene. Although Dogecoin has seen over 26% fall in the last seven days, this new token is fast gaining attention as a crypto asset to keep investors on a winning streak.
Here is a detailed breakdown of this new presale token-making wave. Some analysts believe it could overtake Dogecoin soon as it sets for 5000%.
Why Dogecoin Price Has Continued Falling Even After Elon Musk’s Appointment to US DOGE Department
Crypto analysts have been divided by the factors behind the continuous fall of the Dogecoin price in the last few weeks, which goes totally against early widespread belief. Although the meme coin market went on a brief bull run early this year, the Dogecoin price didn’t see much growth, making many wonder if its bull is getting weak.
Some analysts believed Elon Musk’s recent appointment to head the DOGE department might be a subtle hint which could see Dogecoin start a bull run, however, this has not been true. In fact, the price seems to be reacting more negatively lately than it did some months ago.
For example, the Dogecoin price started a bullish formation in January 2024, going from $0.0749720 and reaching as high as $0.4835104 by December 2024. However, the price has started on a bearish move since hitting the high in December 2024. The Dogecoin price has continued to fall since December and it recently hit a low of $0.2119458 this February. Until new strategic announcements and major whale activity are made, the price might continue to fall to a new low.
Could This Ethereum Token, Remittix, Be the Way Out?
While the crypto market has been moving downward lately, the Remittix presale token has continued to give its early investors a rising profit. The Remittix ecosystem is a new phase in the crypto payment landscape, with a view to making crypto payment easier, faster and cheaper. The Remittix presale started a few weeks ago and early investors are set on a path to see up to 10x by the end of the presale.
Crypto investors are pushing for this new presale token, as analysts predict it could see a surge as high as 5000% when it launches. The Remittix token’s current price of $0.0599 is 87% gone already, which shows the price could increase anytime soon as it goes to the next stage of the presale.
With over $11.8M raised already, crypto experts believe Remittix could become the top trending altcoin this year as it is set to break out on a bullish path. Investors who join this token in its presale are set to get the best entry price, which could see them make about twice the profit others make when it launches on exchanges. Take advantage of the current low price to get a spot with the Remittix token.
Below are the links to learn more and get started faster with the Remittix token.
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.
With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.