The meme coin market is facing another wave of volatility as investors reassess their positions.
Following a 40% crash across the memecoin sector, both Dogecoin and Shiba Inu have struggled to regain momentum.
Remittix has emerged as a standout PayFi project, raising over $27.5 million from the sale of 679 million tokens at $0.1166 each.
Analysts call it one of the best crypto projects to buy during the ongoing correction, as Dogecoin's price dropped sharply after the memecoin market saw its total capitalization fall.
Dogecoin has recovered slightly to trade around $0.19, although analysts are concerned that it might first go back to $0.18 before gaining ground.
Remittix has raised over $27.5 million from the sale of 679 million tokens.Author's summary: Dogecoin faces volatility.