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Cryptocurrency News Articles

Remittix (RTX) Skyrockets as Cross-Border Payments Market Heats Up: Can It Smash Records in 2025?

Dec 31, 2024 at 06:01 pm

Trading volumes are surging for three standout altcoins—VIRTUAL, Remittix, and Ethena—as crypto whales dive in for potential massive returns.

Remittix (RTX) Skyrockets as Cross-Border Payments Market Heats Up: Can It Smash Records in 2025?

Three altcoins, VIRTUAL, Remittix, and Ethena, have captured the attention of crypto whales, who are accumulating these tokens in anticipation of substantial returns. Each coin offers unique use cases and opportunities.

Remittix, a promising altcoin, has already raised over $853,000 in its ongoing presale. As more participants join daily, Remittix is poised for a remarkable 2025.

Remittix (RTX) is a crypto specifically designed to revolutionize cross-border payments. Mordor Intelligence predicts that this industry will reach $295 billion by 2029, and Remittix is positioning itself to become a major player in this rapidly expanding market.

The protocol's innovative crypto-to-fiat platform allows users to convert over 40 cryptocurrencies into fiat currencies and deposit them directly into any bank account worldwide. This unique solution has the potential to disrupt the market and challenge industry giants like Wise and Stripe.

At the core of Remittix's offering is its PayFi system, which facilitates seamless crypto-to-fiat payments. By depositing cryptocurrency into local bank accounts via regional payment networks, the platform ensures that recipients always receive funds in their local currency. This feature makes Remittix ideal for freelancers and international businesses operating in a world that is increasingly embracing crypto.

Furthermore, Remittix provides businesses with a Pay API feature that enables them to accept crypto payments effortlessly. Merchants can set up accounts to receive payments in cryptocurrency and withdraw funds in 50+ crypto pairs or 30+ fiat currencies. This tool is perfectly suited for retail and e-commerce businesses, paving the way for broader crypto adoption in everyday transactions.

VIRTUAL Skyrocketed 23,079% in 2024: Could It Be the Next Big Thing?

VIRTUAL has stolen the show in 2024, delivering an incredible 23,079% gain that is hard to miss.

VIRTUAL rose 13% in 24 hours to $3.5. Additionally, VIRTUAL has seen a 28% increase in value over the past week, and its 300% gain this month has certainly excited investors. Trading volumes have also seen a sharp 43% increase, now at $409M.

Much of this excitement can be attributed to Binance Futures offering 75x leverage on USD-margined contracts, including VIRTUAL. According to analysts, this move has played a significant role in the token's rapid rise.

With predictions pointing to a possible $10 price by 2025, interest in VIRTUAL continues to grow. However, many are left wondering if VIRTUAL can achieve the explosive growth seen with memecoins in 2021.

Ethena's Bearish Trend and the Potential Rebound with USDtb

Ethena, on the other hand, is displaying bearish momentum, with its price falling 6% within the last twenty-four hours and 25% within the previous week. Ethena’s daily trading volume also dropped by 22%, making several owners question its short-and long-term prospects.

However, Ethena’s launch of its new stablecoin, USDtb, could spark a turnaround. Backed primarily by BlackRock's BUIDL fund, USDtb holds over 90% of its reserves in tokenized money market assets like U.S. government debt, cash, and repos. The remaining reserves are distributed across stablecoins and tokenized Treasury products. Similar to USDC or USDT, every USDtb token issued is fully backed, fostering trust and stability.

Despite the recent downturn, Ethena’s monthly performance offers hope, with a 21% gain. Analysts are predicting that Ethena could hit $3 by Q2 2025. Currently priced at $0.8919, Ethena’s future hinges on how well USDtb is received.

Remittix PayFi Platform Poised to Dominate the Cross-Border Payments Market

Being the first platform to merge cross-border and crypto-to-fiat payments using blockchain, Remittix has a unique edge in the market. With its $RTX token priced at just $0.0163, analysts anticipate a substantial price surge as demand grows in upcoming presale phases. Remittix is leading the charge for the blockchain revolution in payments.

News source:cardanofeed.com

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Other articles published on Jan 03, 2025