Investor sentiment is about to shift very rapidly in crypto, and many investors are now shunning VeChain (VET) and Polygon (POL) and heading towards newer tokens.

Greater disillusion with hype tokens and fleeting presale manias have led to a demand for assets with actual utility and not speculation mania.

Investor sentiment is about to shift very rapidly in crypto, with many now shunning VeChain (VET) and Polygon (POL) and heading towards newer tokens.

Greater disillusionment with hype tokens and fleeting presale manias have led to a demand for assets with actual utility and not speculation mania. In 2023 to date alone, billions have been varnished in meme coins presales and investors and startups are moving towards platforms that are solving a problem.

One PayFi altcoin has presold more than $13.7 million and is being tipped as “Next XRP” by certain onlookers for the role it could play in revolutionizing cross-border finance.

Below, we explain why attention on POL and VET may be waning and how new project Remittix could revolutionize cross-border finance.

Why Is Interest In VeChain (VET) Growth Stalling?

Enthusiasm for VeChain began with its vision to make supply-chain tracking more efficient using blockchain. By connecting digital identities with physical assets, VET envisioned rendering various industries, from luxury goods to agriculture, more transparent.

Initially, numerous businesses were testing the proof-of-concept feasibility of VeChain’s vision and this fueled anticipation for broader use of VET. However, despite such expectations, large-scale use cases have yet to fully materialize, leaving investors somewhat disillusioned.

Market data has reported VET as being mostly range-bound throughout 2023 and not displaying the positive momentum observed in earlier cycles.

Even though VeChain has secured several partnerships, critics are quick to highlight that ongoing pilots have not translated into widespread global adoption.

With the focus now shifting towards more immediate financial applications in everyday life, next-generation utility tokens are no longer being overshadowed by VET.

What Is Slowing Down Interest In Polygon (POL) Adoption?

Similar concerns affect Polygon (POL), a layer-two solution for Ethereum that had promised to make a big impact in reducing transaction speeds and fess.

Initially, POL was a platform that several DeFi and NFT projects were expected to migrate to, given its ability to process thousands of transactions per second at a much lower cost than Ethereum.

While a small number of dApps did succeed on Polygon, the platform faced increasing competition as numerous chains and roll-up solutions emerged.

As a result, many holders have decided to shift their attention away from POL and towards more innovative ventures that will have a direct impact on global finance, rather than continuing to develop incremental innovations for decentralized applications.

How Is Remittix Attracting Investors?

While interest in VET and POL seems to be waning, a new PayFi altcoin called Remittix (RTX) is making waves and raising funds by solving a big problem: cross-border remittances.

Remittix has raised over $13.7 million in its presale, as there is a huge demand for a crypto-to-fiat converter that can remit funds to global bank accounts in almost no time at all.

This real-world application has its sights set on the $700 billion remittance market, which usually attracts a fee of 5% to 7% and takes several working days to transfer. Remittix aims to drastically reduce these costs and offers nearly instant transfer times with a simple interface.

For instance, consider a healthcare worker in the Philippines who is paid a gig wage by European clinics. Outdated solutions would involve substantial currency exchange and wire transfer fees, significantly reducing the worker’s earnings.

However, Remittix’s crypto-to-fiat platform cuts these fees in half and reduces transfer times, delivering local currency to a Philippine bank account within a few minutes. This material advantage is especially relevant in areas where 60% or more of adults lack complete access to a bank, highlighting the huge potential for Remittix.

By focusing on pragmatic finance solutions rather than hyped-up narratives, the project has become a surprising over-performer, with many calling it “Next XRP” for its ability to disrupt an old-world finance market.

Analysts say that if Remittix manages to claim a small percentage of the $190 trillion cross-border payments market, its valuation could be even higher than anticipated. The platform’s Ethereum-based infrastructure is also scalable, allowing for large-scale deployment of sweeping DeFi protocols, fueling speculation on future additions like automated staking or yield-maximizing strategies.

Unlike VET or POL, Remittix is not focused on pilot schemes or solutions for future scale. Instead, it is delivering direct utility to companies and consumers who are still using legacy banking protocols—a model that resonates with market participants seeking tokens with real-life relevance.Join the Remittix (RTX) presale and community: