The post 3 Undervalued Cryptos Set To Skyrocket: Cardano, Remittix and Dogecoin appeared first on Coinpedia Fintech News
When there’s an altcoin bull market, returns can be astronomical if you position yourself with the right, undervalued crypto. In this article, we’ll look at three alts that we think could perform exponentially. New token Remittix, whose presale has taken the market by storm. Also, older and more established altcoins Cardano and Dogecoin, both of which have potential as mainstream adoption continues. All three have great potential, but let’s see why.
Remittix Set to Explode Higher as Presale Success Generates Market Excitement
Remittix is already one of the most exciting projects in crypto right, while its presale is still ongoing. Since launching at just $0.015, $RTX has skyrocketed over 400% and has a local price of $0.0781, at time of writing.
With over $15.3 million raised and growing investor interest, Remittix is being touted as a market leader after it launches its mainnet. But what is it about Remittix that’s caught so much attention so early?
The platform is built using a PayFi protocol, which enables users to send crypto to a bank account. Over 40 different cryptocurrencies and 30 different fiat currencies are available and with no FX fees, it’s cheaper and faster, making Remittix a more efficient option compared with existing payment solutions.
With its mainnet launch on the horizon, excitement is building. Analysts have been bullish since it was first announced, but the presale has exceeded all expectations. As the presale nears its final stages, Remittix could be a powerful force in the next wave of crypto adoption, and with it being so early, it could be at least 50X from here.
Cardano Could Explode Higher as it Integrates Bitcoin DeFi
Cardano is beginning to gain traction ahead of its May 27 update, which will enable Bitcoin DeFi integration. This is expected to make Cardano a serious player in the DeFi space. Founder Charles Hoskinson confirmed, “Taproot enables Bitcoin to generate yields, unlocking new revenue paths for holders.”
This integration will make Cardano a bridge between Bitcoin and smart contracts, which could attract billions in BTC liquidity. The price is responding, as we can see on the daily chart: ADA has formed a textbook Cup and Handle pattern, suggesting continued upside.
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Dogecoin Breakout Holds Despite SEC ETF Delay
The SEC has postponed its ruling on Grayscale’s proposed Dogecoin Trust ETF, citing ongoing caution around altcoins and memecoins. Despite this, however, Dogecoin’s technical setup remains bullish and has broken above a year-long trendline, which could mean a possible long-term trend reversal.
According to analyst Marco Polo, “The breakout from the falling wedge marks a significant shift in trend.”
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DOGE currently holds support at $0.217, with short-term targets at $0.27 and $0.30 within sight. Resistance could hit toward $0.35 and $0.45, but if the market remains bullish, then the Dogecoin price could rip.
Conclusion
When alt season kicks in, it’s time to strap in and enjoy the ride. Unlike previous cycles, not every altcoin will rip so making sure you’re positioned with something that offers utility is essential.
Remittix is what DeFi has long promised and is exciting for any investor. Cardano could be the platform that handles Bitcoin DeFi and if it does, then the price might be dwarfed by the cycle peak. Also, never write off Dogecoin because although memecoins are infamous for their lack of utility, Dogecoin boasts brand recognition, which plays a big role in the memecoin space.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
