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Cryptocurrency News Articles

Remittix (RTX) vs Chainlink (LINK) vs Ripple (XRP): Which Will Moon in the Next Bull Cycle?

Jan 11, 2025 at 03:30 pm

Chainlink (LINK) has maintained a consistent price pattern since 2018, and this trend appears to be driving its long-term trajectory.

Remittix (RTX) vs Chainlink (LINK) vs Ripple (XRP): Which Will Moon in the Next Bull Cycle?

Chainlink (LINK) has maintained a consistent price pattern since 2018, and this trend appears to be driving its long-term trajectory. According to crypto analyst CW insights, Chainlink’s price has formed a distinctive ascending channel, which has influenced LINK’s price action since 2018. The price of Chainlink has consistently respected the boundaries of this ascending channel over the past six years.

Meanwhile, Remittix (RTX) has taken the spotlight as it aims to transform the cross-border payments industry through its PayFi model, drawing comparisons to Ripple (XRP). While Ripple has showcased the utility of blockchain in global finance, Remittix has taken it a notch higher with its inclusive and advanced technology. Let’s uncover how these tokens would perform in the next bull cycle.

Chainlink Technical Analysis Points to 8x Rally

Chainlink has been trending within an ascending channel for the past six years. The current hasn’t yet crossed the channel’s middle line, a critical zone that historically precedes significant price movements. Notably, the ascending channel comprises three key elements: a lower support line, a middle line, and an upper resistance line. The price of Chainlink is currently approaching the middle line.

This setup could determine the next Chainlink leg up. If it breaks through the middle line, an explosive rise will begin. Based on its historical trends, instances of LINK price crossing this middle threshold have consistently led to an uptrend. Chainlink could rally toward the channel’s upper boundary, with prices ranging from $140 to $180, depending on the timing of the rally. This rally could represent a roughly 8x increase from its current levels.

Notably, Chainlink has formed a green candle on 16 out of 30 days, with volatility at around 11.14%. It’s trading above its 50-day and 200-day moving average, reflecting a long-term upward climb. Moreover, its 14-day relative strength index (RSI) is neither overbought nor oversold, suggesting that the token has room for movement in either direction. Looking ahead, LINK crypto could reach the $22.76 level, but with expected price drops along the way.

Ripple (XRP) Bearish Movement Ahead

With the recent adoption of cryptos into mainstream financial markets, XRP crypto has shown promise. Multiple companies have filed for approval for the listing of XRP Exchange Traded Funds, but the SEC hasn’t approved any. This adoption could trigger massive rallies, especially in Japan, where SBI CEO Yoshitaka Kitao recently revealed that each bank in Japan could use Ripple’s ledger by 2025.

This follows the integration of the interledger Protocol (ILP), which intends to streamline cross-border payments and simplify currency conversions. Meanwhile, XRP funding rates have turned negative on various derivatives exchanges. This indicates that there are more short sellers in the market than traders executing long positions. Similarly, a positive rate suggests a dominance of long positions in the market.

This highlights a possible decline in the XRP price. Since its November rally, the price of XRP has stalled, struggling to revive its momentum in early 2025. The recent downturn can be attributed to the weakness of the broader cryptocurrency market caused by Bitcoin’s underperformance. However, the long-term performance of XRP is predicted to have massive upside potential as analysts believe it can reach $5 in 2025.

Why Are Investors Choosing Remittix (RTX)?

Remittix (RTX) is revolutionizing global finance with its platform, which merges blockchain technology with traditional payment systems. The PayFi protocol enables seamless cross-border crypto transfers. Users can convert over 40 cryptos into fiat and deposit funds directly into any bank worldwide. Remittix has addressed the shortcomings of platforms like Wise and Stripe by offering a secure, decentralized solution.

It provides quick transfers, lower costs and no hidden fees, promoting financial inclusivity, especially in underbanked populations. The PayFi protocol serves as an excellent solution for managing payroll. Businesses with global teams can pay employees in cryptos and settle payments as fiat currency in local bank accounts. The move has eliminated the need for currency conversion and avoids delays.

Its efficient and cost-effective process ensures that Remittix is ideal for companies managing cross-border payrolls. What’s even more interesting is that the $RTX token powers significant processes within the ecosystem, including governance and staking. Investors can stake their $RTX to earn up to 8% APY. Its standout VIP program offers exclusive benefits for premium users, including platinum debit cards, personal account managers, greater APY, and voting rights.

The program features three tiers, with Tier 3 offering maximum rewards. The $RTX presale has attracted strong investor interest. Over $2.3 million has already been raised, with the token priced at $0.

News source:coinedition.com

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