Dogecoin News Today: Capital Flees Meme Coins as PayFi Drives the Next Wave of Crypto Adoption

Dogecoin and Shiba Inu are expected to face downward price pressure in the coming months, as traders and analysts highlight a shift in capital toward PayFi altcoins, particularly those with real-world utility. Recent market data and technical analysis suggest that both DOGE and SHIB may see their prices cut in half, with liquidity and on-chain activity increasingly favoring projects that offer tangible infrastructure for global payments and financial services.

Derivative market data for Dogecoin indicates growing uncertainty in the near term. Coinglass reported a 119% surge in DOGE futures trading volumes in late August to $5.36 billion, while open interest fell 4.7% to $3.24 billion. This drop in open interest signals a strategic repositioning among traders, with $7.61 million in long positions closed versus $2.41 million in short positions. Short-sellers remain dominant, with $262 million in leverage across short positions, compared to $172 million in long exposure [1].

A key price level for DOGE is $0.21, where a significant concentration of leveraged long positions has formed. Analysts are watching this level closely, as sustained support could trigger a rally toward $0.34, or even the $0.75 resistance zone. However, if DOGE fails to hold above $0.21, a decline to $0.17 or even $0.13 is possible, delaying bullish momentum until the next bull cycle [1].

Market analysts like DogeLord have projected a potential 850% rally for Dogecoin in the coming months, contingent on the coin maintaining a strong base at $0.21 and avoiding further correction below that level. However, technical indicators remain mixed. Mitrade Insights noted that DOGE is trading near its 200-day EMA at $0.211, and a close below that level could extend the downward trend to $0.181. On-chain metrics from Santiment also indicate that large holders are offloading tokens, further pressuring the price [2].

Shiba Inu, while not as actively traded as Dogecoin in the derivatives market, faces similar challenges. The broader market environment, characterized by increased bearish sentiment and a shift in capital away from meme coins, suggests that SHIB could follow a similar trajectory. The lack of tangible utility and the continued outflow of capital from speculative assets are driving traders toward more practical crypto solutions, particularly in the PayFi space.

The emergence of PayFi altcoins is capturing investor attention as a viable alternative to meme-based assets like DOGE and SHIB. Projects like Remittix, for example, have raised over $23 million in presales and secured listings on major exchanges including BitMart. The project offers real-world utility by enabling instant, low-fee cross-border transfers between crypto and fiat accounts, targeting a $1 trillion remittance industry. Analysts suggest that the growing adoption of PayFi solutions is reshaping the crypto landscape and drawing capital away from speculative assets [3].

XRP, another major player in the payment space, has struggled to break above key resistance levels. Analysts predict a range-bound movement between $2.7 and $3.70, with further uncertainty surrounding Ripple’s ability to sustain institutional demand. Meanwhile, whales and institutional investors are shifting capital into PayFi projects like Remittix, which offers a more direct, decentralized route to cross-border payments without reliance on traditional banking infrastructure [4].

As the crypto market continues to evolve, the migration of funds from meme coins to utility-driven projects is becoming more pronounced. While DOGE and SHIB have enjoyed periods of strong performance, the broader trend suggests a correction is likely in the near term, with capital redirecting toward altcoins that offer scalable, real-world applications in global payments. This shift highlights the maturing of the crypto space, as investors increasingly prioritize projects with clear utility and long-term viability over short-term speculation.

Source:

[1] Dogecoin Analyst Forecasts 850% Price Rally in September (https://finance.yahoo.com/news/dogecoin-analyst-forecasts-850-price-214254850.html)

[2] Dogecoin Price Forecast: DOGE struggles at 200-day EMA (https://www.mitrade.com/insights/news/live-news/article-3-1087056-20250902)

[3] Is PayFi The Way Forward In September As Remittix Sets Records (https://coincentral.com/xrp-price-prediction-is-payfi-the-way-forward-in-september-as-remittix-sets-records-with-top-crypto-presale/)

[4] XRP Price Predictions Flatline As PayFi Altcoin Remittix Attracts Ripple Whales (https://www.cryptopolitan.com/flatline-as-payfi-altcoin-remittix-attracts-ripple-whales/)