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Cryptocurrency News Articles
Amid Market Turbulence, Remittix (RTX) Emerges as a Safe Haven as Ethereum and Cardano Investors Rotate Funds into Its Presale
Jan 09, 2025 at 06:02 pm
The first big dip of 2025 is taking place and red candles have flooded the charts across the board. The ETH price and ADA price have experienced steep declines.
The first major market dip of 2025 is here, and red candles have flooded the charts across the board. The ETH price and ADA price have experienced steep declines as the market claimed a substantial portion of their recent gains.
Amid the turbulence, Remittix (RTX) emerges as a safe haven, with many Ethereum and Cardano investors rotating funds into the viral presale of the $RTX token. What makes this project so special and why are analysts tipping it as the next 50x gem?
How Remittix Could Disrupt A $150 Trillion Industry
In 2017, global payments were valued at around $150 trillion. In 2027, this number is expected to exceed $250 trillion. With its revolutionary PayFi platform, Remittix could soon claim a sizeable portion of this revenue and leave competitors in the dust.
Traditional payment networks like Wise or Stripe are still lagging in terms of crypto-to-fiat payments. This is a significant missed opportunity as crypto adoption grows exponentially, and with it, the demand for comprehensive payment solutions that allow for the seamless conversion from crypto to fiat and vice versa. When these platforms do offer crypto options, they usually come with longer waiting times, unnecessary hassles, and hidden fees.
Remittix changes the status quo as it allows for near-instant cross-border payments and integrates over 40 major cryptocurrencies. Users will be able to send crypto and have the funds immediately converted into fiat and deposited in any bank anywhere in the world.
In addition to this, Remittix is also compliant with the highest security standards and has been certified by established blockchain auditors, BlockSAFU and SolidProof. Furthermore, liquidity and team tokens have been locked for three years in order to establish user trust, protect investors, and promote price stability in times of increased volatility.
Ethereum Price Prediction: Can The ETH Price Reach $10k This Cycle?
The Ethereum price is in the red as selling pressure keeps mounting. Over the last few days, the ETH price slid by 8.1%, retesting the $3,300 support. Volume has surged by nearly 80% as the Ethereum chart became a battleground for bulls and bears. Over the last 24-hours nearly $40 billion worth of ETH was traded across exchanges, indicating growing market participation.
However, the bottom seems to be in, as Ethereum’s long/short ratio is currently sitting at around 3 points, and 75% of traders are taking long positions, expecting an imminent rebound.
The Ethereum price is still moving within the bounds of a channel between the $3k and $4 levels. However, a final breakout could take place soon, as Ethereum printed a string of higher lows on the chart, signaling that amid the turbulence, bullish momentum is building up. Analysts are confident that Ethereum could be one major catalyst away from entering escape velocity and reaching a 5-digit valuation at the peak of the bull run.
Cardano Down 13.5% What’s Next For The ADA Price?
Just when Cardano appeared ready for the next big leg up, a barrage of sell-offs sent it back below the $1 support. At the time of writing, the ADA price is settling at $0.97, following a 13.5% intraday decrease.
Despite the slump experts agree that Cardano’s macro price structure is still intact, and that is just a matter of time before another rally takes place.
Trader and analyst Mealius has drawn a parallel between Cardano’s recent movements and its performance during the previous cycle. He points out that Cardano has already confirmed a breakout from the accumulation zone and that this retest is necessary for healthy price action.
Why The $RTX Presale Could Be The Big Play Of 2025
With its magnitudes lower market cap, and crucial utility, Remittix is well positioned to outperform both Ethereum and Cardano in the upcoming months.
More than $2.2 million has been raised during its ongoing presale phase, as hundreds of early adopters have claimed over 120 million of the 750 million $RTX available. Priced at just $0.0193, the $RTX presents an alluring opportunity that investors should take into consideration, especially when taking into account the easy 800% increase expected by the end of the presale.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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