Dogecoin Price Underwhelms After Trump Inauguration, Holders Race To This Altcoin Up Over 300% In January

After Donald Trump’s inauguration, Dogecoin has experienced subdued performance. The leading meme coin has failed to successfully break above the crucial $0.40 level, which market participants are closely watching.

One main reason for this underwhelming performance is that some existing DOGE holders executed the typical “sell-the-news” strategy. This means that they opted to take profits rather than hold DOGE tokens.

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The move dampens the DOGE market momentum. Additionally, the recent Vivek Ramaswamy resignation has also impacted the Dogecoin price trajectory. Following its recent downturn, DOGE investors have shifted their attention to Remittix (RTX), which could provide considerably more returns for early adopters. With its unique PayFi approach, which has merged the everyday ease of traditional finance with blockchain technology, Remittix could transform the cross-border payments industry as we know it.

Dogecoin Market Overview: A Move To $0.40 Could Validate Bullish Sentiments

Dogecoin has been underperforming compared to other cryptos on the market since Donald Trump’s inauguration for several reasons. For starters, DOGE holders executed the classic sell-the-news strategy of taking profits rather than holding tokens. The market sentiment surrounding DOGE was also affected by Vivek Ramaswamy’s recent exit from the crypto space. The unexpected move introduced controversial elements that tempered investor enthusiasm.

However, DOGE crypto has remained resilient above the $0.30 level. Should it hold its key support levels, it could extend its gains in the months ahead, especially if market participants remain engaged in the meme coin market. Its potential to regain sustained bullish momentum will rely on a break out at $0.40. Dogecoin’s Keltner Channel (KC) has revealed a contracting volatility range, with the midline at $0.36226 as immediate support. A surge to the $0.40 mark would indicate that buying pressure has remained strong, evidently increasing its daily volume.

The high volume on the Keltner Channel suggests that DOGE bulls have been actively testing resistance. A breakout above $0.36226 could reconfirm bullish dominance, propelling its price to the upper Keltner Channel limit at $0.43521. However, if the bearish trends persist, the DOGE price could risk a retracement towards $0.28931, the lower Keltner Channel’s boundary. It would confirm that the bears have regained short-term control, invalidating the bullish sentiment.

Remittix (RTX): A Stand Out Altcoin for 2025

Remittix is quickly becoming the next breakout star, owing to its impressive DeFi features that will allow cheap cross-border transfers. Remittix also stands out as a project with a focused mission. After smashing the $9M record, Remittix is now set on the $10M target, which could be surpassed sooner than planned. Most of the hyped tokens boast big goals but lack tangible action. In contrast, Remittix showcases real promise by providing users with faster and cheaper ways of sending money across the continent.

Unlike Dogecoin and other meme coins, the project is focused on addressing practical issues. It focuses specifically on the inefficiencies of global money transfers. Remittix will leverage blockchain technology to speed up international transactions in a world where moving money across borders remains highly complex, costly and slow.

What makes Remittix revolutionary is the fact that it allows users to send fiat directly into any bank account worldwide using crypto, eliminating poor conversion rates and hidden fees. This simplicity positions Remittix as a game-changer within a $190 trillion industry that is still evolving.

Moreover, businesses can also leverage the Remittix Pay API feature, which allows crypto payments to be settled in fiat. This makes it a versatile option for companies looking to embrace crypto into their system. Currently, in its presale stages, the RTX token boasts a price tag of $0.0456 with the price set to rally soon with more adoption.

Can Remittix (RTX) Replicate Dogecoin’s 10000% Rally in 2021?

Dogecoin and Remittix are altcoins to watch in this cycle. However, Remittix stands out thanks to its real-world use case. The new crypto will introduce cutting-edge PayFi solutions that could transform cross-border payments, propelling widespread adoption. Its smaller market cap means faster price growth. Because of these factors, market analysts foresee RTX replicating DOGE’s 10000% rally.

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Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.