Avalanche (AVAX) has kicked off 2024 slower than the rest of the cryptocurrency market. AVAX is down 15.16% in the last seven days and 6.66% since December 10, 2023. Its current price is $34.59, representing a 2.36% decrease today. The Ethereum Killer fell to a 30-day low of $36 last week as the cryptocurrency market plummeted in response to speculation that the SEC would reject all Bitcoin Spot ETFs. It lost 10% of its value, while the wider crypto market saw more than $100 billion wiped out in just 12 hours. Meanwhile, Retik Finance (RETIK) has seen another price increase as its presale attracts more attention. The new DeFi sensation is now available for $0.07 in presale stage 5 of 10. The campaign, which began less than a month ago, has already raised more than $7 million, indicating growing investor interest and confidence in the project. Let's analyse the recent performance of these projects to determine which one presents a better investment opportunity by 2024.
Avalanche is a smart contract platform that debuted in 2020. AVAX adds to the list of projects that seek to replace Ethereum with faster and lower-cost transactions. AVAX skyrocketed from around $5 shortly after launch to an all-time high of $144 during the 2021 bull run. Since then, the token has plummeted, owing to a bear market that followed the 2021 gains and more tokens being unlocked from vesting. The current price represents a 77% dip from ATH. Avalanche has had several positive developments since 2021, particularly in the last year. The platform has secured a lucrative partnership with e-commerce giant Amazon and launched a $50 million tokenization project. However, its price remains low, indicating that the token is reacting more to macrotrends. According to CoinCodex, AVAX will remain below $40 for the next month, rising slightly to $38 by February 10. If the much-anticipated 2024 bull run materialises, a rally to or above $50 is possible.
In contrast with AVAX's 6% drop in the past month, RETIK has jumped over 130%. This newly launched DeFi sensation has quickly captured the attention and pockets of cryptocurrency investors. Retik Finance aims to bridge the gap between digital and traditional finance in a wider effort to push crypto adoption. Its flagship product, the Retik DeFi debit card, enables users to spend cryptocurrencies globally with ease. The cards offer both crypto and fiat payments and lucrative cashback rewards of up to 5%. Additionally, card owners can make instant withdrawals at ATMs globally. The Retik DeFi debit cards are integrated with another key offering, the Retik Wallet. This non-custodial, multichain wallet solution allows for seamless conversion of cryptocurrency to fiat, eliminating the need for centralised service providers like Binance. It also provides a comprehensive DeFi environment, allowing for activities such as staking, yield farming, lending, and borrowing. Multichain capabilities imply that the wallet can pool liquidity from multiple decentralised exchanges, providing the best rates to DeFi participants. Retik Pay rounds out the three main offerings of Retik Finance. Retik Pay is a blockchain-powered payment gateway for online businesses and merchants to accept crypto payments. It is a gateway into a trillion-dollar industry. Retik Pay is competitively cheaper, faster, and safer than existing global payment solutions.
Retik's ongoing presale offers a unique opportunity to invest in a potential market leader at a discount. The project will be listed on top-tier exchanges, increasing liquidity and exposure. This could, in turn, spark a mega rally. Given Retik's unique value provision, the $0.07 price is a bargain, and a 100x forecast is feasible.
Click Here To Take Part In Retik Finance Presale
Visit the links below for more information about Retik Finance (RETIK):
Website: https://retik.com
Whitepaper: https://retik.com/retik-whitepaper.pdf
Linktree: https://linktr.ee/retikfinance
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