With the recent occurrence of a golden cross for Dogecoin, investors' attention has shifted to utility-focused altcoins. In this context, analysts are highlighting a new protocol promising solutions for fast crypto transfers.
Dogecoin's Golden Cross and Its Implications
The first golden cross for Dogecoin since November 2024, when the 50-day moving average crossed above the 200-day, could historically lead to significant rallies. However, there is now resistance at $0.25 and a high presence of whales, causing doubts about a repeat of past success. Price targets for August range from $0.212 to $0.248 in a conservative estimate and up to $0.42 with a bullish breakout. Nonetheless, long-term fundamentals remain questionable as interest in meme cryptocurrencies is fading and capital is flowing towards projects with sustainable demand.
The Rise of Ethereum Layer 2 Solutions
The Ethereum Layer 2 space is experiencing explosive growth. ETH is testing $4,700, with projections targeting $5,000 to $8,000. Layer 2 tokens are already rallying, demonstrating that infrastructure is attracting investors. This is possible due to ETH's network upgrades, which enhance speed, increasing liquidity and speeding up transaction processing for ERC-20 tokens.
The Potential of Remittix as a New Solution
Remittix stands out as a new Ethereum Layer 2 solution enabling instant crypto-to-bank transfers in over 30 countries. This protocol is already relevant and promises to address the severe problem of high fees and long waits in banking transfers.
Given the new analytical data and the shift in capital investments, Dogecoin faces increasing challenges. At the same time, alternative projects like Remittix offer innovative solutions capable of attracting investor interest and shifting the dynamics of the crypto market.
