The new week is off to quite a start, with this month's gainers dipping erratically on their 24-hour charts. Ethereum, Bitcoin, and Solana are all facing declines in various aspects, and traders now wonder if the market is crashing or simply correcting.
Here's a recap of what's been a topsy-turvy 24 hours.
There's a high possibility that the Ethereum price was the least affected of the three tokens, even though off-chain data might suggest otherwise. ETH climbed to $3,800 within the past month, despite a significant dip in its exchange reserves.
About 1 million ETH tokens have been withdrawn from centralised exchanges in the past month, a sharp contrast to Ethereum’s price surge. Ethereum is coasting at about $3,740, not too far off from its monthly peak but definitely still in correction mode.
BTC made history by peaking at an all-time high of about $123,000 in July, and the token has been the talk of the market ever since. More use cases have popped up for BTC, but the Bitcoin price has been anything but inspiring in the past two days.
Correction followed the ATH, but experts are tipping the Bitcoin price to slip to $110,000 in the latest crash.
The Solana price was one of the top gainers from Bitcoin's surge this month, but SOL is tanking really badly. 11.27% weekly losses and zero momentum have cost Solana in the past week as it faces resistance at $184.
The Solana price will have to outdo the resistance, too, although bearish technical indicators have taken over on SOL charts.
But in the midst of so much chaos, we have a new project looking to break into the top ranks. Good news, it's launching on Ethereum too!
Too long has passed since Ripple hit the ground running on crypto payments, with little development for users in the sector. Projects like Ripple are better adapted for corporations, leaving the average crypto user looking for a more relatable payment platform.
That's what Remittix is becoming, at any rate. The project is based on a growing need to merge crypto and fiat, ensuring that crypto folk can get their assets into fiat bank accounts as quickly and easily as possible.
The proposed crypto-fiat bridge on Remittix will go live in the form of a Web3 wallet this year. It is fully certified by Certik, and the app is in beta already.
What's more, the app launch will coincide with Remittix's soft cap launch; you don't want to miss that!
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The Remittix tokens are selling for $0.0876 at the moment, and they come with a promise of 100x potential when the platform goes live.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/Remittix
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