Ethereum Price To Lag Remittix and Litecoin As Investors Prepare For Altcoin Season In May

Ethereum price finally got a breather from the bearish trend. The price went above $1,800 but the OG altcoin is still reeling in despair despite soaring institutional inflows. The lackluster performance has left many investors torn between cautious optimism and lingering doubt. However, Litecoin is charting a different course. Discussions around a potential ETF and rising on-chain metrics have built bullish optimism around the altcoin.

Meanwhile, Remittix is gaining serious attention in the presale market. With its ongoing presale reaching a monumental $14.6M so far, momentum is clearly on its side with predictions it could reach the $1 mark. Read on to learn more. 

Ethereum price plummets further despite ecosystem effort and positive whale sentiment

Ethereum price stagnated around $1,800 psychological resistance, even after whales and institutional investors turned bullish and increased their collective holdings by a net 149K ETH, as per CryptoQuants data. These high-net-worth individuals lost more than $2 million in their futile attempt to push the Ethereum price past the $2,000 mark. 

Market sentiment is astoundingly bearish. Even Polymarket polls show many investors are betting on Ethereum's crash to $1,000. Worse, whales are heavily taking profits. Onchain data shows investors have cashed in on 262,000 ETH during the recent surge. 

However, a price resurgence is not entirely out of the picture, especially with the upcoming Fusaka hard fork scheduled for Q3 and Q4 reanimating interests. Also, the SuperTrend indicator signals another rebound if the Ethereum price closes above $1,950 before the end of the month.

Remittix gains momentum as it disrupts the $190 trillion global remittance sector.

But while Ethereum's price lags, disillusioned whales and investors have been quietly accumulating a huge potential gem, Remittix. These deep-pocketed investors have snapped up over 500 million RTX tokens as its presale raised over $14.6 million+ in record time. The reasons are not far-fetched. Remittix proposes a valuable utility in a lucrative $190 trillion payment market.

While the global payments sector is plagued with bulky paperwork and high fees, Remittix is rising to the occasion and tackling these inefficiencies with blockchain solutions. Its fundamental objective is to simplify international transactions, offering users a reliable and transparent solution for converting cryptocurrencies into more than 30 fiat currencies.

Raising the bar higher, Remittix introduced its Pay API for businesses seeking to elevate their financial operations. This powerful tool enables big corporations and firms to receive crypto payments and settle them in fiat. The best part that many institutional investors are looking out for is the Remittix staking program, which offers up to 8% APY.

Litecoin bulls target $100 amid ETF talks.

Litecoin went through a rough patch, especially during the US-China tariff war. However, recent news has brought a renewed sense of optimism. Talks surrounding a potential Litecoin ETF have sparked fresh interest among institutional investors. The review period is set to conclude in October and Litecoin has 90% approval odds, according to Bloomberg ETF analysts. 

Adding to the excitement, Litecoin has formed a three-soldiers pattern, a bullish continuation pattern on a trend line of support. According to Business Dad in an X post, this move is highly likely to occur soon, with price targets of $140 and $200.

Conclusion

The message is clear for investors watching from the sidelines: altcoin season is approaching, but this time, the winners may not be who you expect. While Litecoin stirred interest with its potential comeback and Ethereum continued its downward trend, Remittix is offering something more tangible than a speculative bubble.

The cross-border remittance solution is still in presale for just $0.0757. Time is ticking, join now and be a part of the next PayFi revolution.

Discover the future of PayFi with Remittix by checking out their presale here:

Website : https://remittix.io/

Socials : https://linktr.ee/remittix