Dogecoin Update: Whales Transfer $74 Million in DOGE to Coinbase – Is a Sale on the Horizon?
This week in crypto is closing off with a 1.49% growth in global market cap, with trading volume hitting $3.31 trillion. Similarly, there’ve been rebounds for major market players like Bitcoin ($95,000) and Dogecoin price ($0.33) at press time.
Despite these positive trends, a sense of caution is evident among significant holders, as many crypto whales are unloading their assets. Notably, Dogecoin whales have just transferred $74 million worth of DOGE to Coinbase.
This development amid a seemingly expanding market is causing some anxiety among investors. Could a large-scale sell-off be on the way, or might there be more favorable developments ahead?
Whales Move $74 Million in DOGE to Coinbase; How Dogecoin Prices Are Affected
On Friday, Whale Alert, an on-chain tracking service, reported two significant whale transactions involving the transfer of $74 million in Dogecoin tokens to Coinbase. These transactions occurred simultaneously, leading to increased concern within the market, especially among Dogecoin enthusiasts.
Although the Dogecoin price has shown a positive trend recently, it remains within its critical support range. Observers have noted that in the days leading up to January 3, Dogecoin was consolidating between $0.3435 and $0.3085. After breaking out on January 3, it established a support level from its previous resistance. Experts suggest that how Dogecoin responds within this demand zone will shape its future price movements. Analysts predict that it could either rebound from this support area to test its bullish momentum from January 4, reaching around $0.3988, or it might fall to the 0.618 Fibonacci level at $0.2730.
Currently, DOGE is trading at $0.3353, reflecting a 3% increase over the past 24 hours. Amid this unpredictability, market analysts believe they may have identified the next promising investment in Remittix (RTX), a platform poised to revolutionize cross-border payments.
Remittix (RTX): A PayFi Innovator Ready to Compete with Dogecoin by 2025
Back in 2017, the global cross-border payments market was valued at over $150 trillion, with leading companies like Wise, MoneyGram, and Stripe dominating. Despite the rise of cryptocurrency, these traditional, fiat-focused payment services have not fully embraced the digital currency trend. This creates a need for a platform that effectively merges digital and conventional payment systems.
Enter Remittix (RTX): a pioneering PayFi platform leveraging blockchain to enable users to convert more than 40 cryptocurrencies into 30 different fiat currencies. Remittix allows for both local and international crypto payments, which are smoothly deposited as fiat into recipients' accounts. It also supports businesses through Pay API integration, enabling them to accept cryptocurrency payments, thus expanding their financial options and customer reach.
Furthermore, the $RTX cryptocurrency and its smart contracts have undergone thorough audits by leading blockchain security firms BlockSAFU and SolidProof. Overall, Remittix stands out for its groundbreaking features, ease of use, safety, and transparency.
$RTX Presale: Potential Returns of 800% and 5000% Await
Astute investors are flocking to the ongoing $RTX presale. Each $RTX token is priced at $0.0199, attracting significant demand, with 143.6 million out of the allocated 750 million tokens already sold.
The presale's success isn't solely due to the low price. Significantly, early $RTX token holders can anticipate at least an 800% return on investment by the presale's end, with a further 5000% potential ROI after the launch.
Additionally, post-presale, Remittix plans to lock its liquidity pool and 9% of the circulating supply for three years, offering stability and enhancing the project's long-term growth prospects, unlike the volatility surrounding Dogecoin.
Remittix is set to revolutionize PayFi with its innovative features, potentially turning token holders into millionaires.
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.
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