Solana Meme Coins Bonk And Dogwifhat Continue To Slide; Money Is Rotating To Remittix
The post Solana Meme Coins Bonk And Dogwifhat Continue To Slide; Money Is Rotating To Remittix appeared first on Coinpedia Fintech News
Meme coins have made many people extraordinarily rich, but sadly, meme coins have a deserved reputation for making even more people poor. The truth is, that meme coins have nothing to back them up, and they have to rely on something else for their value. Do this right, and meme coins like Bonk and DogWifHat can be extraordinarily lucrative, but it requires nerves of steel.
A much safer and less nerve-wracking investment opportunity is in Remittix, this new crypto allows cross-border crypto payments and is grabbing headlines for all the right reasons.
Remittix (RTX): The Dreams Of International Crypto Payments Are Now A Reality
Crypto payments are the ideal use case for blockchain tech, but unfortunately it’s not widely accepted yet. Apart from a few outlier jurisdictions, crypto payments are nowhere near a reality but Remittix has changed all that. Remittix has pioneered a way for its holders to do unilateral crypto-to-fiat payments!
Remittix is available in over 30 fiat currencies and allows crypto payments directly into a recipient’s bank account. The recipient does not even know it’s a crypto payment! The advantages: it is nearly instant, at a fraction of the cost, and does not require the regulatory paperwork of foreign exchange transactions. Remittix’s capacity for decentralizing international crypto payments is an absolute game changer, and the investment potential is immense!
Bonk (BONK): Solana Dog-based Meme Coin’s Bite Underwhelms
Bonk had a brilliant year between November 2023 and November 2024, but December was not kind to the meme coin. Bonk was needed in the market. Solana needed a meme coin, and Bonk fit the bill like a glove. At first, Bonk did the predictable thing and did nothing, but when Bonk exploded, it exploded!
Bonk did the usual meme coin thing and shot the moon, but it could not maintain momentum like most meme coins. Bonk lost nearly half the value it had built up during the Pump Trump, and now investors are looking for something else to make up for their losses.
Dogwifhat (WIF): Iconic Meme Coin Collapses To March 24 Levels
dogwifhat is in many ways the quintessential meme coin: it is frivolous, irreverent, it has no basis for existing, it has nothing to back it up, it is a worthless token, and it made a boatload of money for its investors. dogwifhat started 2024 at $0.30 and peaked at way over 10x that at $4.80.
dogwifhat was a good dog, indeed. But WIF seems to have lost its bite and is trading at two bucks, down 60% from its ATH, again showcasing typical meme coin behavior. Great to hold when the market is bullish and if you sell at the top. However, it is disastrous in a downturn. WIF, like all meme coins, does its own thing irrespective of market sentiment. It can be up by miles one day and tumbling off a cliff the next, regardless of market trends.
Conclusion
When meme coins like WIF and Bonk cause too much uncertainty, investors look for tokens with utility and long-term sustainability. When one considers Remittix’s cross-border crypto payments use case and the billions of dollars that can move through such a system, it stands to reason that Remittix is a much better investment option than meme coins.
Remittix is now available in presale at $0.0172 making now an excellent time to acquire the RTX token before it rises to $0.0177 in just a few days!
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/ Socials: https://linktr.ee/remittix
