Dogecoin might have slowed down over the last few weeks, but there may be a looming parabolic rally for the top memecoin. The independent technical analyst, Ali Martinez has predicted that the Dogecoin could not only cross $1, but it could also reach $20 if it reaches the upper boundary of a historical ascending channel.
A key factor that could fuel the parabolic rally of $DOGE is the approval of a spot Dogecoin ETF. While it would cement DOGE’s place among the top crypto coins in the market, financial experts believe that the newer Remittix (RTX) could eclipse the meme coin’s potential gains.
Historical Trend Could Push Dogecoin As High As $20
After an inspiring run in November, the Dogecoin crypto could close December 2024 at a loss. From a monthly high of $0.4800, the memecoin has plunged to the $0.3100 range—a decline of more than 30%, CoinMarketCap’s data shows.
Despite the bearish outlook of the foremost memecoin, one of the best independent crypto technical analysts, Ali Martinez, has an incredibly positive view of Dogecoin (DOGE).
In an X post, Martinez explained that back in 2017, when the Dogecoin price pumped by 212%, it suffered a 40% retracement before going on a parabolic run that yielded more than 5,000%. In 2021, $DOGE first gained 476%, retraced by 56%, before skyrocketing by 12,000%.
In an accompanying chart, Martinez said that the Dogecoin token could rally above $1 if it surpasses the middle boundary of an ascending channel. The main target of $1.9 at the midline means $DOGE could increase by more than 520%.
However, the meme coin could hit as high as $20 if it tops out the channel—an increase of approximately 65x from the current price range. If DOGE completes this historical pattern, it could be one of the best cryptos to buy.
While Martinez’s forecasts make $DOGE, one of the top altcoins to watch, there’s only a slim chance of the memecoin pulling a 65x price pump. If this happens, the market cap of DOGE would cross $3 trillion.
The global crypto market cap currently is valued at around $3.3 trillion. A meme coin without any real-world utility achieving this feat seems far-fetched, at least in this bull cycle.
Remittix (RTX) Could Pull a Dogecoin-Esque Parabolic Rally
While a 65x pump is far-fetched for $DOGE right now, Remittix (RTX) is one of the best cryptos suited for a parabolic rally. Unlike the speculative asset memecoin, Remittix is strategically placed as the transformation force of the $250 trillion cross-border payment industry.
Remittix is building a platform suited for seamless worldwide payments. The platform is designed for individuals and businesses, allowing them to receive over 50 cryptos and instantly swap them for fiat. Unlike many top payment platforms, Remittix supports 30+ fiat currencies, adding to its global appeal.
The large number of supported assets means Remittiz can be the bridge between crypto and traditional payment methods. Remittix also removes fees for foreign exchange, with faster transaction speeds.
The RTX tokens are still available in the presale at only $0.0167, as an early investor you have a great entry point for what could be the fastest-growing crypto of 2025. Based on the forecasts, RTX could quickly cross $1 before mid-2025.
Why RTX is the Best Crypto To Buy Over DOGE
Unlike $DOGE which is a memecoin crypto, Remittix has a very solid use case. RTX doesn’t rely on market hype and instead addresses real-world inefficiencies, offering the chance to invest in something that is the fastest-growing crypto for those looking for sustainable, high-growth investment opportunities.
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