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In the crypto space, everyone is always keen to see which coins profitable investors are buying. Recently, an early Cardano (ADA) backer revealed their next big investment as Remittix (RTX). Much to the surprise of many, the backer even sidelined Telegram's Toncoin (TON).
The investor pointed to Remittix's PayFi model which allows for crypto-to-bank payments in over 30 currencies without any additional charges as a major factor of interest. Also, Remittix is entering a billion-dollar industry that could propel the value of its native token, RTX, by 10x in 2025.
The Cardano coin is among the best performers this week. Price info from CoinMarketCap reveals the value of the DeFi token has risen by 32.0% on the weekly chart. Looking ahead, AltCryptoGems told his followers the Cardano price chart is looking good.
According to him, the cryptocurrency is still holding above a breakout level. AltCryptoGems believes the value of the Cardano token could consolidate between the $0.8 support and the $1.2 mid-range before taking the next leg up. This is exciting ADA news, given its recent drop.
If this happens, the price of ADA might surge to $2 in the coming weeks. In the meantime, most of the cryptocurrency's technical indicators are bullish. For instance, the relative strength index is above the midline. Also, the VWMA (10) is flashing a buy signal. This means that bulls are active.
The Toncoin crypto is showing upward movement on the weekly chart after its latest correction. CoinMarketCap data reveals the value of Toncoin (TON) has risen by 2.7% during this period.
However, the altcoin needs to break out of its current tight range at $5.40-$5.80. Doing so could lead to a Toncoin price surge in the coming days. Besides, technical indicators support this breakout.
In addition, Ali Martinez notes the cryptocurrency's TD Sequential has posted a buy signal on the 4-hr price chart. So, he is expecting a rebound to occur soon. Meanwhile, CW forecasts the value of the altcoin could pump to $6.75 in the coming weeks.
Remittix is one of the pioneers of PayFi, which aims to provide people and companies with a decentralized and safe financial system. By means of its unique service, users can easily exchange a number of cryptocurrencies for more than 30 fiat currencies and transfer the amount to any bank account worldwide.
This removes the constraints of conventional banking, thus providing better access to financial services for the unbanked in the global society. Remittix also champions decentralization, empowering individuals with greater control over their finances. By minimizing reliance on traditional banking intermediaries, Remittix empowers users with greater autonomy over their funds.
Presently, Remittix has launched a crypto ICO for its native token, RTX. Smart investors are buying the token at its current price of $0.0193. Based on its utility and usage as a cross-border payment solution, the value of the DeFi coin could skyrocket by 10x in the coming months.
With one of Cardano’s early backers pivoting to Remittix, the message is clear: Remittix is not just a DeFi token with utility and a disruptive vision for the real world. Though Toncoin has potential, the idea of RTX as the platform that could change cross-border payments is more attractive. For those looking for the best crypto to invest in, Remittix could be the answer.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. 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. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
