Two of crypto’s longest-standing tokens XRP and Dogecoin face tough weeks ahead as recent filings for XRP spot ETFs haven’t stopped the coin’s 7-day price drop. Meanwhile, Dogecoin’s deep dip signals meme coin fatigue, with analysts warning it may lose half its value soon. As big names fall, a new PayFi solution wins over cautious investors wanting a safer haven.
XRP’s Price Slumps While ETF Filings Flood In
Despite four asset managers petitioning to launch spot XRP exchange-traded funds (ETFs), XRP trades near $2.47, marking a 20% plunge this past week. WisdomTree, Bitwise, 21 Shares and Canary Capital filed 19b-4 forms with the Cboe BZX Exchange, hoping the U.S. SEC will greenlight their proposed XRP ETFs. A successful launch would allow major institutions to buy into XRP through regulated avenues, further weaving digital assets into the mainstream.
Yet this wave of filings hasn’t stopped XRP’s price from sinking. Some investors had hoped the prospect of these ETFs would spark a rebound. Instead, short-term traders remain wary, watching global markets and regulatory uncertainties. Even with NYSE Arca’s additional application to transform Grayscale’s existing XRP Trust into a spot ETF, buyers still hesitate, suggesting that a green light from regulators might be crucial for XRP’s revival.
Dogecoin Battles Meme Fatigue and Bearish Predictions
Meanwhile, Dogecoin sits around $0.2526, battered by a 24% decline in seven days. Although it once soared on hype and fun dog-themed branding, the meme coin now finds itself overshadowed by fresh tokens particularly those offering practical uses in an evolving market. Some analysts predict Dogecoin could lose another 50% of its worth if investor interest continues shifting to utility tokens, calling the ongoing downturn a sign of “meme coin mania” losing steam.
This dour outlook sees DOGE’s future price pinned to short-lived hype cycles, with little to prop it up for the long haul. The once unstoppable community is finding new attractions that offer real-world solutions, something Dogecoin has struggled to embrace beyond its meme heritage. If this downward pressure persists, the coin might test the under-$0.10 territory, placing the future of dog-inspired memes in doubt.
Remittix – The PayFi Haven Amid Meme Turbulence
While XRP and Dogecoin battle falling prices, Remittix emerges as a stable alternative drawing in cautious or disappointed traders. Branded as a PayFi pioneer, Remittix (RTX) focuses on cross-border payments, letting people convert crypto into fiat within a day. That everyday function appeals to those exhausted by meme-driven volatility. By offering near-zero transaction fees and skipping drawn-out wire processes, Remittix targets a global user base rather than relying on online jokes or brand loyalty.
Imagine someone in a developing country who needs instant funds from abroad. Instead of using clunky money transfer apps with hidden charges, they could rely on Remittix to receive tokens and swap them for local cash seamlessly. This accessible approach has boosted investor confidence, driving presale figures to close to $10.5 million with over 435 million tokens sold. The token currently sells at $0.0539, suggesting momentum that far outstrips meme coins wobbling under uncertain market conditions.
The Road Ahead – Practicality Over Speculation
As XRP struggles despite multiple ETF filings and Dogecoin grapples with fading hype, the market’s focus appears to be shifting to projects anchored in real-world utility. Remittix, with its PayFi ethos, demonstrates how addressing day-to-day financial barriers can resonate more than just memes or pending regulatory news. Whether XRP regains strength if ETFs are approved or Dogecoin can stage a meme-fueled revival remains up in the air.
Ready to Move Beyond Meme Cycles?
Disclaimer: This article is sponsored content provided by a third party and does not constitute financial or investment advice. Cryptocurrency investments carry inherent risks, and readers should conduct their own research before making any investment decisions. When considering ICOs, be sure to evaluate aspects like the whitepaper, team, partnerships, and tokenomics.
