The August market has seen Dogecoin price at yet another slow move as it reverses around $0.24. Current flat lines of the Dogecoin are reflecting a hard sell-off as other altcoins show better potential. However, in other news, Remittix is sparking new FOMO with news of the coming Centralized exchange listing. Some analysts’ prediction shows Remittix could hit $5 after listing, as strong buying continues pushing the price higher. Here is a look into the recent market performance, Dogecoin price prediction for August and how Remittix could perform after a Centralized exchange listing. Why Dogecoin is struggling despite an increase in adoption The Dogecoin project saw a rise in brands that now accept it as a payment method. This includes brands like Tesla, AirBaltic, and PIA VPN , leading the mix. However, while the Dogecoin coin appears in a growing number of payment gateways, the price has remained at a disappointing low. Leading factors experts have identified include: Massive drop in whale holdings Zero utility And an unstable meme coin market The last few months have seen the Dogecoin whales reduce their holdings, leading to a mass exodus of whales. As a result, the price has seen a drop of about 60% from the last December high of $0.48. Utility has also been an age-old problem that continues to hold back the Dogecoin price growth. Dogecoin price prediction from a technical standpoint Dogecoin’s performance across major time frames shows a reversal as it fails to hold support above $0.24. The price has flatlined on the monthly chart, showing a weak move that predictions show could see it drop to the 7EMA range of $0.20. However, the weekly chart gives a short pinch of hope as it shows a 10% rise from last week. Whereas, an ongoing reversal with the currently forming candle could see the price reverse to $0.21. The bottom line shows fundamental and technical factors acting against a potential bull on the Dogecoin price. However, current price stagnation could see a whale boost to take it above the $0.24 support. But, a complete rejection below $0.23 could open up the floodgates for a price drop to $0.20. Why Remittix major exchange listing is a big deal right now Remittix is seeing a strong bullish sentiment today after the announcement of its coming centralized exchange. This is after its surge in popularity lately, pushing it near its $20 million soft cap. Recall that the early Remittix investors are already at a record 5x growth this past week. Experts say this could hit 50x following the exchange listing. While the first exchange has not been confirmed yet, the team has promised it will be revealing it in the next few days as Remittix hits $20 million soon. However, here is why the announcement is driving a frenzy: A surge in liquidity that could see the coin do 30x within the first few weeks Breakthrough in crypto payment solution with its innovative crypto-to-fiat conversion Opportunity to redeem rewards and participate in new ones Discover the future of PayFi with Remittix by checking out their project here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix $250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway The post DOGE price stagnates again, while Remittix explodes after CEX reveal announcement appeared first on Invezz
