Dogecoin and PEPE Prices Fall as Investors Cash Out During Market Fluctuations, Is Smart Money Shifting to the Crypto Touted as XRP 2.0?

The Federal Reserve's decision to step back from further interest rate cuts has prompted the smart money to quickly sell off Bitcoin, causing its price to drop below $100K. Dogecoin and PEPE’s prices have seen significant declines, falling by 27% and 14.5%, respectively.

Dogecoin is currently trading around $0.34, and observers are expecting a rise due to increased whale activity in the Dogecoin market. DOGE has found support near the $0.3 level, but PEPE’s price is struggling to stay above water after falling through the $0.000015 support level. Although PEPE’s price has bounced back to $0.00001798, uncertainty remains.

Beyond PEPE’s price and Dogecoin, the smart money in crypto is gravitating towards Remittix, a cross-border payment platform aiming to transform PayFi. Remittix allows users to deposit fiat into any bank account using cryptocurrency. The platform enables the instant conversion of more than 40 cryptocurrencies into fiat.

Remittix exceeds expectations as smart money begins investing

Remittix is making waves in the realm of cross-border payments. As cryptocurrency adoption accelerates globally, Remittix is working to connect the dots between traditional finance and the rapidly advancing crypto world.

Remittix’s platform is targeting a cross-border payment industry projected to be valued at over $250 trillion by 2027. With Remittix, cryptocurrency holders can transfer funds to non-crypto users via a bank account anywhere in the world.

The platform is user-friendly and cost-effective, with every transaction incurring a flat fee and no hidden charges. Merchants are also catered to, as Remittix provides an API toolkit that streamlines the process of setting up a business to accept crypto payments.

For those seeking a rapid ascent, Remittix's RTX token is essential due to its ease of access and transparency. Remittix presents an attractive alternative that has already garnered over $330,000 from traders and early supporters.

Dogecoin’s value drops amid ongoing bullish expectations

DOGE holders have seen a 45% reduction in their previous profits after DOGE’s price surged to $0.48, only to face significant rejection at the $0.5 threshold. After falling to a low of $0.26, DOGE is now on the mend as its price stabilizes around the $0.34 mark.

Despite the drop, DOGE’s optimistic outlook endures, with some expecting a bullish recovery to levels as high as $0.684. DOGE is likely to encounter significant resistance at the $0.415 mark, with more short positions anticipated at the $0.547 area. If DOGE can break through these zones, its price could climb to new all-time highs.

PEPE’s price falls 14% as analysts foresee potential gains

Celebrated as the top frog-themed meme coin, PEPE’s price reached a new peak just a fortnight ago but has since dropped 37% from its high, according to the most recent market analyses. PEPE’s price still shows potential for a breakout, which might lead to a 70% increase, particularly now that its price is stabilizing at $0.00001792.

As noted by well-known analysts, PEPE’s price has formed a bull flag, a pattern that often indicates a forthcoming trend reversal. Additionally, the 200 Exponential Moving Average on PEPE’s price suggests building bullish momentum.

Explore the future of PayFi with Remittix by visiting their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.