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Cryptocurrency News Articles
Toncoin and Near Protocol Show Signs of a Possible Rebound as Remittix (RTX) Makes Waves in the Global Payment Market
Feb 01, 2025 at 03:41 am
Toncoin has started flashing signs of a possible rebound. Recent market signals suggest a potential price rebound. The normalized risk metric points to
Toncoin has been displaying signs of a potential rebound, as suggested by recent market signals. The normalized risk metric is indicating a market bottom, a level that has often been associated with price rallies. For instance, in August 2024, Toncoin surged from $5.3 to $6.8 after hitting a similar metric. Another example is Near Protocol, which saw a steady price increase from under $4 to over $5 in late 2024. However, Near Protocol experienced a price dip in the new year, and by Jan 28, the NEAR price was around $4.60.
The NEAR token continues to face bearish momentum, evident in a weekly price dip of over 6%. Meanwhile, a growing rival in the global payment market is making waves as Toncoin and Near Protocol strive to regain a bullish outlook. Remittix (RTX) is positioning itself as a better alternative to Wise and Coinbase by combining blockchain speed with conventional cash transactions, eliminating unnecessary delays and costs.
This move has already seen the RTX token amass more than $10M in presale funding with a price tag of $0.0498.
Toncoin Price Analysis: Can TON Surge to $6?
Toncoin’s price has been hovering above the $4.7 region following a weekly dip of over 4%. However, recent developments, including Toncoin’s partnership with Telegram, have boosted its blockchain market position. Telegram’s Mini App ecosystem has exclusively integrated TON, reaching over 950M global users. This integration has helped increase blockchain adoption, strengthening Toncoin's role within the crypto space.
The TON price movement shows consolidation within a pennant flag pattern, with support around $4.50 and significant resistance within $5.30. According to the token’s historical data, if the price of Toncoin strongly breaks past the $5.30 level, a rally toward $6.00 could be the next step in its price movement.
Moreover, despite technical indicators like the RSI at 37 pointing at a bearish outlook, Toncoin’s daily trading volume surged by over 32%. The on-chain activity also indicates an increasing active address as Toncoin prepares for an incoming breakout. With strong ecosystem growth and the emerging general bullish outlook within the crypto market, this altcoin could soon hit the $6 target.
Near Protocol Price Prediction
About a year ago, Near Protocol, among the many systems designed to rival Ethereum, announced that it would partner with Alibaba Cloud, the Chinese tech giant’s computing and storage arm. The partnership would allow Near Protocol to be accessed by over one billion Alibaba customers. This resulted in a price breakout for the NEAR token, which dropped in the following months before recovering in October and November 2024.
Since then, the Near Protocol price movement has failed to record an impressive gain. However, the NEAR token's ability to maintain key support levels around $4.49 while targeting higher Fib retracements like $6.40 and $8.21 suggests it could benefit from sustained adoption and improved sentiment during a potential market recovery phase.
Near Protocol’s technical analysis also points to building bullish momentum, with a daily rally of over 1.5% to hover above the $4.4 region. A decisive break past its daily high of $4.6 could propel Near Protocol’s price, targeting the $7.1 and $8.1 levels.
Remittix (RTX): The Game-Charger of Crypto-to-Fiat Global Payments
Remittix (RTX) is looking to transform cross-border payments by uniquely combining blockchain speed and efficiency with the simplicity of conventional fiat transfers. Moreover, Remittix will also remove the common delays and unneeded fees by enabling immediate crypto-to-fiat conversions, unlike the commonly used payment companies like Stripe and Wise.
Remittix also provides a modern financial solution that guarantees cheaper, safer, and faster cross-border payments for individuals sending money globally or companies managing international businesses. This makes Remittix a perfect solution for anyone seeking exposure to this ever-expanding industry as demand for blockchain-powered payment solutions surges.
The project also offers users a financial solution free from hidden fees and high transaction expenses by prioritizing transparency, dependability, and cost efficiency. Companies looking to utilize Remittix will have access to unique tools like the Pay API and checkout capabilities, enabling flawless crypto transactions within fiat settlement choices.
All these developments aim to simplify crypto integration into business payment systems, eliminating needless complications. This move has led to an over 220% rally in the price of RTX. The token will also record another rally to $0.0498 in the coming days, presenting a unique opportunity for early buyers to enjoy exponential gains in 2025.
Remittix’s 220% ROI Lures More TON & NEAR Investors
Despite the current bearish
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