Amid rising prices of Dogecoin (DOGE) and growing interest in new projects, it's important to consider the current state of the crypto market and potential prospects.
DOGE and its Technical Aspects
Currently, Dogecoin (DOGE) is trading at $0.22 with a 3.7% daily gain. Technical analyses indicate that the rising wedge pattern may serve as a solid foundation for further growth. Major holders purchased 230 million DOGE in the past 24 hours, indicating strong investor interest. However, the inflationary nature of DOGE, which adds 5.2 billion tokens annually, coupled with the concentration of nearly half the supply among the top 10 holders, presents inherent risks.
New Projects on the Crypto Market
Among the emerging projects, Remittix stands out, offering not just a meme concept but real payment solutions. The beta wallet is set to launch on September 15, allowing users to send crypto directly to bank accounts in over 30 countries. The project has a clear infrastructure and has already raised over $18.4 million in investments.
Comparing DOGE and Remittix
While DOGE continues to attract attention on charts and may aim for $1, projects like Remittix promote themselves with an emphasis on real-world applications and positive user feedback. The differences in approach highlight the need to consider the functionality and application of tokens in real life.
Despite the positive sentiment surrounding DOGE and its market dynamics, new projects like Remittix emphasize the importance of real-world utility in the crypto industry.
