

The Bybit hack that saw over $1.4B stolen in Ethereum last Friday caused a huge stir in the crypto market and saw an instant drawdown of 2.95% on the Ethereum price. While the hack was not on Ethereum but in the bybit exchange the panic that followed the news saw the price hitting a sell-off range. However, the recent announcement about the bybit replenishing its Ethereum reserve is gradually restoring faith in the platform and overall Ethereum price.
The reaction to the bybit news last week reflected the herd behaviour of crypto traders and the ability to change reactions instantly. However, the Ethereum price looks stable, with the price closing on green candles on Saturday and Sunday. But the price has resumed today with a continuously falling candle showing a fall of about 4.3%. Analysts are projecting the price could see a full return to the uptrend this year. However, some analysts project it could fall as low as $2100 before it starts the bull run.
The Ethereum price projection is creating a bittersweet experience for investors at this moment. However, some investors are already adding this new crypto asset, which many believe could grow their portfolio over 50x while they wait. Here's the full breakdown.
The Ethereum price has experienced a serious drag in the last few months, currently trading more than 45% less from its all-time high of $4,891. However, analysts have identified the high gas fee as a major contributor to this price drop, citing a mass move from the network.
However, a recent report from the intotheblock X post announced a drop in the Ethereum gas fee, which is projected to see a surge in Ethereum trades this year. According to the projection, this could usher in the much-anticipated bull run, which analysts believe could see the price grow to $5000. However, the current price setup shows the price might still be undergoing a correction which could see it heading towards $2100 before finding a major support.
While the year has seen quite a few market surges lately, there is a currently ongoing bearish hit causing a major downturn. However, while the other top altcoins have continued falling, the Remittix presale token has continued proving its worth in the market with a continuously rising price. The Remittix price is projected to rise over 5000% this year, joining the ranks of top altcoins in the crypto market before the end of the year.
Investors who joined the Remittix token in the last few weeks have seen a rise since it started and an accumulated surge of up to 5x. The rise has continued to set the Remittix token towards a bull run as it approaches the end of the presale round. However, the rise has been causing a rising interest in the token with new investors joining every day, showing it is becoming a top choice for investors.
The presale round just opened a new stage, with the price at $0.0671 and set to rise to $0.0694 in the next round. This is how the price continues to rise, setting a gentle pace that will give new investors in the token up to 4x before the end of the presale. Hence, the current price is the best price you can get an entry with the Remittix token as it continues rising.
Don't miss out on the opportunity to invest in the new token set to power the revolution in PayFi this year. Check the link below to get started.
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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