Earlier this week, market activities changed the feeling around the top three altcoins: Ethereum, Solana and Cardano. For Solana, the crypto gained 10.87% to $148.34. However, Cardano and Ethereum recorded price declines, raising market-wide concerns.
At the same time, new PayFi sensation Remittix ($RTX) is quietly winning investors over, with momentum suggesting a massive bullish upswing ahead.
At press time, Ethereum's value is around $2,505.99, 3% lower and its volume has fallen more than 46% to $16.28 billion. With this declining volume, it becomes clear that institutional movements have followed its short-lived rally, riding the ETF-inspired wave.
Even the biggest altcoin, Ethereum, with a market cap of $303.5 billion, faces a doubtful short-term trajectory. Market data shows several big wallets holding ETH tokens moving their investments into low-cap and more promising projects like Remittix.
Solana recorded a 10.87% rise in the altcoin price to $148.34 with a market cap of $79.32 billion. This price reversal follows a stint of harsh price corrections, which market observers consider simply a dip-buying momentum. Still, the decline of its trading volume by 25% to $3.43 billion indicated that the growth isn’t backed by sufficient liquidity.
On the flip side, Cardano faces serious bearish pressure after ADA dipped by 4.12% to $0.5761, while its trading volume plunged by more than 50%. These declines come in addition to market doubts around Cardano’s slow pace of development despite promised upgrades. Now, with new projects like Remittix delivering tangible utility and a rapid payment infrastructure, it is clear why investors are diversifying.
Forget the speculative facade that earlier altcoins come with. Remittix ($RTX) is here with utility-backed adoption and growth. This PayFi platform makes transferring digital assets like BTC, ETH or XRP straight to FIAT bank accounts effortless.
This PayFi sensation stands out for its emphasis on speedy transaction completion, ease of use and global access, even for the unbanked population. While other projects focus on blockchains, Remittix prefers to solve a practical payment crisis: cross-border money transfer in real time, with full control and anonymity.
Hence, its ongoing presale has recorded an influx of investors from other tokens like Solana, Cardano, and Ethereum. It has sold over 549 million tokens already and raised more than $15.9 million at press time. For a token selling for just $0.0811 with an active 50% bonus, early buyers are in for a steal as Remittix ($RTX) guns for its $18M soft cap.
Market analysts are confident that Remittix could become the breakout project of the imminent bull run and even reach the top 10 if adoption continues rising.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.