Dogecoin News Today: RTX Gains Ground as DOGE Stumbles on Inflation and Lack of Demand

Dogecoin (DOGE) continues to face downward pressure as recent market analysis suggests the price may struggle to remain above $0.20 in the near term. With a current price of approximately $0.2127, DOGE has failed to break through the $0.242 resistance level and is at risk of retreating to the $0.205 support level, according to traders and analysts [1]. Over the past 24 hours, the coin has slipped 1.7% despite maintaining $2.07 billion in daily trading volume. However, futures activity has shown mixed signals, with open interest declining 4.7% to $3.24 billion, suggesting uncertainty among market participants [2].

Analysts remain skeptical about DOGE’s ability to reach the $1 price target that has long been a talking point among retail investors. Structural issues, such as its inflationary tokenomics and a circulating supply of over 140 billion coins, make sustained price appreciation difficult without exponential growth in demand [2]. Although DOGE benefits from celebrity endorsements and social media-driven hype, it lacks the institutional traction seen with other major cryptocurrencies like Bitcoin and Ethereum. These factors contribute to a volatile price profile that remains vulnerable to downward corrections, particularly if sentiment continues to sour [1].

In contrast, a PayFi project called Remittix (RTX) is attracting attention as a potential high-growth alternative. RTX is addressing a key challenge in the crypto space by enabling fast, low-cost cross-border payments that settle directly into fiat bank accounts. The platform supports over 40 cryptocurrencies and facilitates transfers in 30+ countries, with fees significantly lower than traditional remittance services [1]. The project has already sold over 641 million tokens in its presale, raising $23.4 million and signaling strong investor interest. These funds are being used to support development and expand listings on major exchanges, including BitMart and LBank [2].

RTX’s deflationary model further strengthens its appeal, with 10% of transaction fees burned to reduce supply over time. This mechanism is designed to increase token value as adoption grows, a strategy that distinguishes it from DOGE’s inflationary model [1]. Analysts believe the project has the potential to deliver 50x to 100x returns by the end of 2025, given the massive $183 trillion global remittance market it is targeting [2]. The platform’s utility extends beyond remittances, with a Pay API enabling businesses and freelancers to accept crypto while receiving stable fiat, mitigating exposure to price swings.

The recent confirmation of RTX’s listing on LBank has added to its credibility and liquidity. With a wallet beta expected to launch soon, the project is moving toward broader user adoption by offering real-time foreign exchange quotes and fast transfers [2]. These developments are attracting a diverse range of users, from migrant workers and freelancers to global merchants, who are drawn to the convenience and cost-efficiency of the platform. The market is beginning to shift toward projects that offer tangible utility, and RTX’s growing infrastructure appears well-positioned to outperform DOGE in both the short and long term.

Source: [1] Dogecoin Price Prediction Struggles While Remittix As... (https://www.livebitcoinnews.com/dogecoin-price-prediction-struggles-while-remittix-as-remittix-is-voted-the-top-crypto-to-buy-today/) [2] Analysts Doubt DOGE Will Reach $1 as Remittix Secures... (https://www.tribuneindia.com/partner-exclusives/analysts-doubt-doge-will-reach-1-as-remittix-secures-listings-on-major-exchanges/)