Ethereum and Dogecoin Price Increases Mark the Beginning of the Altcoin Season?

The altcoin market is booming once more. Ethereum recently released a significant update, Dogecoin’s price is rising, and Remittix is on the verge of surpassing a $15 million presale boost. The indications of a possible altcoin season are here, and big capital is in motion.

Here’s all you need to know about these three tokens and the reasons behind whale involvement.

Dogecoin makes a spectacular resurgence

With a recent 15%+ increase in just one day on May 9th, Dogecoin is back and in the news. With DOGE emerging from a multi-month low that had some anticipating more drops, its monthly performance is already over 43%+ back.

It appears that large holders see more upside coming because they have been adding to their bags in the background lately, grabbing millions of DOGE in a single transaction. Reports state that in the days preceding this rise, whales moved almost 60.9 billion DOGE.

Does the surge of Dogecoin mean that altcoin season is about to begin? Although it’s difficult to say for sure, the market is regaining momentum.

Ethereum’s price breakout

Ethereum, like Dogecoin, is growing. Ethereum’s price has risen a staggering 26.2% in the last day, nearly reaching $2,500, after plunging to levels not seen since late 2023, at about $1,500. Whales recently piled in ahead of the Pectra upgrade that went live on May 7th, coinciding with a general market surge.

Pectra made some significant internal changes to Ethereum. These days, wallets are far more versatile, enabling users to combine transactions, pay gas fees using currencies other than ETH, and engage with dApps more readily. More data is handled by the network, which is fantastic for anyone utilizing Layer 2s, such as rollups, where costs are already decreasing.

The price of Ethereum is currently rapidly rising, reversing a downward trend that has existed since the year’s conclusion. That might act as a bullish catalyst for tokens based on Ethereum, such as Remittix.

Remittix makes $14.8 million from its crypto-to-fiat bridge

A project called Remittix wants to dominate the cryptocurrency-to-fiat industry by offering dependable, quick, and easy transfers. With simply a flat rate and a seamless transfer, Remittix allows users to convert more than 40 cryptocurrencies and send the money straight to a bank account anywhere in the world. This alone places it ahead of well-known companies that don’t provide this type of crypto-to-bank service, such as Stripe, Wise, and Coinbase.

Additionally, there is the Remittix Pay API, which enables companies to take cryptocurrency payments from clients and settle in fiat, paving the way for broader adoption without having to cope with the volatility that has historically been a deterrent. More than 30 fiat currencies, more than 50 crypto pairs, and a merchant setup that grants complete management are all supported.

It’s setting the groundwork for something significant, supported by a Solid Proof audit and a massive $250 trillion cross-border payment business that is ready for takeover. With nearly $15 million raised, whales are already stacking RMX tokens in the continuing presale, where tokens are now priced at $0.0757. The altcoin season may hasten a sellout sooner than some may anticipate, as more than two-thirds of the presale tokens are currently sold out.

Altcoin season: Are we about to see new bull trends?

Big players are taking notice of each of these projects, and with good reason—Remittix has utility, Ethereum has upgrades, and Dogecoin has momentum. Being early is beneficial if cryptocurrency season is just getting started, particularly for lesser-known currencies like Remittix. Consider joining the whales who are already diving in headfirst.

 

 

 

 

 

 

 

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