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Cryptocurrency News Articles
XLM and TRX Rebound While Remittix (RTX) Surges 38% With More Gains Ahead
Jan 17, 2025 at 12:00 am
2024 proved a landmark year for Tron blockchain, with the network experiencing a significant jump in USDT supply, soaring from $48 billion to $62 billion.
2024 was a monumental year for the Tron blockchain, as it witnessed a substantial increase in USDT supply, surging from $48 billion to $62 billion. This growth was largely driven by the network's standout decentralized exchange, SunPump, which played a pivotal role in facilitating the creation of more than 94,000 meme tokens and further energizing the Tron ecosystem.
On the other hand, Stellar has kicked off 2025 with a strong performance, soaring by over 11% on its weekly chart. This impressive rally has brought its market capitalization to around $14.45 billion. As Stellar continues to attract attention, it has managed to flip the SUI token, a notable achievement in the ever-changing crypto landscape.
Typically, a healthy increase in trading volume and market capitalization signals confidence in the asset’s price direction. While market analysts like Javon Marks remain bullish for XLM and TRX due to recent developments, all eyes are currently on Remittix (RTX).
Notably, the crypto asset has experienced several price increases and raised over $3 million in less than four weeks. Market participants are flocking to its presale, anticipating that this new token could have a higher upside potential than XLM and TRX.
Stellar (XLM) Surges Over 11%, Flips SUI
Amid the broad market relief rally, Stellar has posted an 11% rise on its weekly chart, reflecting strong interest from traders and investors. The price action coincides with a rising trading volume that peaked at over $906 million, bringing its market cap to around $14.45 billion, allowing it to surpass the SUI token. Javon Marks shared a Stellar technical chart highlighting the $0.681 as the next target level.
This would represent a 54% rally from its current price level. A break above this level would set the stage for further gains, with $1.2918 as the next potential target. Notably, the XLM price had broken out of its falling wedge pattern that has existed since 2021. Following this, Stellar crypto has recorded higher highs and higher lows, suggesting a market shift in trend, further reinforcing the bullish outlook. The breakout has represented opportunities for sustained upward movement as the XLM token nears these critical resistance zones.
Its Chaikin Money Flow (CMF) has been hovering around the -0.10 mark, highlighting mild capital outflows. This trend suggests reducing selling pressures as its price stabilizes, creating a potential path for increased buying activity. Moreover, its MACD aligns with this bullish sentiment, hovering around 103.79, with the lines on the verge of moving above the signal line at 284.31. Market participants are closely monitoring the token as it approaches key resistance levels.
Can Tron Price Reach $1 In 2025?
Despite the recent downturn, the Tron price has been holding gains above the $0.20 range. This strong resilience can be attributed to several factors, including an optimistic TRX community and bullish network development. Notably, the Tron ecosystem continues to witness an upsurge as the number of daily addresses has increased to 2.73 million, indicating that market participants are actively interacting with the Tron network for transactions and projects.
However, its price growth has remained relatively steady and rather explosive. This has made the race to $1 remain a long-term goal instead of an immediate milestone. Top analysts are optimistic that the token will reach $1 in 2025, but it will depend on whether the crypto asset continues to acquire momentum and attract more institutional investors.
However, in a more stable growth scenario, the TRX price might fall between $0.50 and $0.75, indicating steady adoption. Given its strong dominance in DeFi and focus on scalability, Tron is on track for massive growth. Although the token’s race to $1 may appear ambitious, its innovative approach has made it a project to watch.
Remittix (RTX) Value Soars 38% With More Gains Ahead
Remittix (RTX) has gained ground quickly in the crypto market, the new player has already raised over $3 million within a few weeks of its presale campaign, attesting to its growing demand. Early adopters have also witnessed a 38% increase after RTX’s price surged from its initial offering of $0.015 to $0.0207. Moreover, its holders are still anticipating another increase to $0.0217 once the next block of tokens goes live.
Recently, CoinMarketCap pre-listed the new token, which could expose its ecosystem to new users and trigger further adoption. Remittix has also applied for a CoinGecko listing. The main driver behind Remittix’s bullish momentum is its innovative PayFi solution, which has integrated fiat banking with blockchain
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- PostFinance Launches Ethereum Staking Services, Underscoring the Growing Integration of Cryptocurrencies into Traditional Banking
- Jan 17, 2025 at 03:40 am
- This move by PostFinance is particularly timely. With the recent political shifts in the United States, where President-elect Donald Trump is set to begin his second nonconsecutive term, there's a palpable optimism around regulatory changes that could further legitimize and stabilize the crypto market.