The meme coin recovery on the Dogecoin price is seemingly hanging in the balance, especially with the bearish influence from all over the crypto market.

Dogecoin is known for its volatility, and the lack of immediate bullish momentum could see the DOGE price remaining in the red for the week. However, the meme coin is setting higher lows, and the TD Sequential on the 4-hour chart has just reset.

In that case, Remmitix remains the last choice for investors, as the DeFi token is clearly built on more lasting features than Dogecoin. Plus, the presale and launch are set to welcome RTX token holders with massive returns.

If anything, crypto users are looking to the use cases Remmitix promises. Hang on for more on the Remitex project.

DOGE Price Remains In Red Despite Setting Higher Lows

The crypto market is largely in the red for the week, with most tokens struggling to break through their immediate resistance levels.

However, the DOGE price is showing some signs of resilience, setting higher lows over the past seven days. After a series of rejections, the meme coin is slowly but surely crawling its way back towards the green zone.

In the past 24 hours, DOGE has been rejected at $0.1611 and pulled back to trade at $0.1583.

There has been some interest in the meme coin recently, with House of Doge purchasing $10 million worth of Dogecoin last month.

Moreover, 21Shares has applied for a Dogecoin ETF with the Securities and Exchange Commission (SEC) on Wednesday. The asset manager submitted an S-1 registration statement for the ETFs, which will expose the meme coin to a wider range of investors.

The firm’s plans to market the ETFs when they launch.

Dogecoin ETFs Could See Token Price Spiking To $3.84

The asset management firm applied for an ETF to track the price of the meme coin, in a move that could see huge returns for RTX token investors.

The Remitex (RTX) tokens are still available for purchase at a presale price of $0.0734 each. After the launch, the price of RTX tokens could increase by nearly 130x from the presale price, according to experts’ predictions.

The DeFi coin will be used as fuel for the Remitex platform, with increased user traffic on the platform leading to more demand for RTX tokens to pay for gas fees.

Remitex is a new project that aims to revolutionize the remittance market by enabling direct transfers of crypto assets from hot wallets into bank accounts.

The project could be the equivalent of SWIFT in the crypto market, processing a large volume of transactions. To put it into perspective, the volume of fiat transactions processed in a year is valued at about $1.4 quadrillion.

Those interested in getting involved in the Remitex project can apply for whitelist spots on the platform.

Crypto users can liquidate their crypto into their personal checking accounts or use them to pay for goods and services online.

The transfers only ever require the details of the receiving bank account, along with the crypto assets to be sent and the gas fees. Gas fees are only paid once, and there are no bank charges involved.

There are about to be more use cases for crypto coins, as traders will be able to use their assets directly as payment options.

There's already an increase in the adoption of crypto tokens as payment options by companies globally, but Remitex is hastening that adoption.

The ultimate result of such user traffic on Remitex is increased demand for RTX tokens for fuel, especially as gas fee payment. That's what the investors are waiting for