The Dogecoin price took an instant 15% jump on Sunday following Trump’s announcement a few hours earlier. This quick reaction has fueled reactions to a potential inclusion of Dogecoin in the federal crypto reserve. However, while this reaction was impressive, the Dogecoin price is not the only asset that responded positively to this announcement. So, is the Dogecoin surge simply FOMO from investors? Can Dogecoin and other meme assets like Shiba Inu join the US crypto reserve?
There are hundreds of questions about the Trump announcements, but let’s keep it to Dogecoin and Shiba Inu with this article. However, if you’re looking for a top investment choice this year, the Remittix presale offers an option you can take advantage of. But first, let’s talk about DOGE and SHIB in the crypto reserve.
What Does The Dogecoin Price Brief Response Mean In The Long-Term Projection?
Dogecoin remains one of the top choices when talking about the crypto meme coin market. The market cap continues to keep it at the top as the largest meme coin in the world with a cap of about $29B, standing more than a distant second, Shiba Inu. However, many factors have been acting against the Dogecoin price since the beginning of the year, with the sudden influx of new meme coins being a significant concern. This has caused a sudden shift of attention to newer meme coins with options to make a new favorite out of the hundreds of new meme coins that joined in January.
The Dogecoin price downtrend in the last few weeks has caused panic, which has made many investors liquidate their positions. However, the recent surge, although brief, has fueled what looks like a return to optimism. While speculations abound about the possibility of Dogecoin joining the crypto reserve as a meme coin option, this is not immediate. The recent surge could only lead to further selling.
Where Is Shiba Inu’s Place In The Future Of Meme Coins?
To briefly touch on Shiba Inu, its addition to the crypto reserve looks highly unlikely. This is because, unlike Dogecoin, which got most of its influence from the contribution of key figures like Elon Musk, Shiba Inu does not have such a strong backing. However, although the Shiba Inu coin is the number two meme coin in the world, recent additions like the Trump coin have posed a big risk to its influence.
Hence, adding a second meme coin to the crypto reserve might not help the Shiba Inu coin. With the recent news of a 99% drop in shibarium trading activity, the sun might already be setting on Shiba Inu’s dominance.
Here Is Why Remittix Could Be The Primary Talk In Crypto This Year
Undeniably, the crypto market is already making its way into mainstream finance. Countries such as El Salvador, Japan, and the US are already taking a strong position with cryptocurrency, and it is only a matter of time before it becomes a global currency. However, solutions around its payment integration and remittance are still in their early phases.
The Remittix approach to crypto payment allows users to freely send money to different corners of the world, which is delivered directly into the receiver’s account. This solution takes the best parts of the traditional banking system, creating ease with FIAT, and mixes them with the decentralization and security of the blockchain. The word in town is that Remittix is the future of crypto payment, as it delivers payment faster and at a lower fee.
The ongoing Remittix token presale has become the center of all discussions this year, with over 5x in returns over the last few weeks. But there is more to come with this new token, as experts believe the launch could even bring more growth of over 50x this year, breaking all presale records.
Now is a good time to take advantage of this new token, which is still in an ongoing presale round. Check the links below for information on how to buy.
Website:https://remittix.io/
Socials:https://linktr.ee/remittix
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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