While Bitcoin has bounced back after the recent market correction, most altcoins have been losing steam. Ripple’s XRP is one of the affected cryptocurrencies, evident in the almost 5% dip in its price over the past week. However, despite the dip, XRP has managed to stay above the $2 mark. This has caused optimism among XRP investors and analysts like Raoul Pal, who believe the altcoin will shift back into the green zone and reach new highs soon.
Meanwhile, other payment tokens, such as Stellar (XLM) and a new altcoin called Remittix (RTX), have been showing strong signs of imminent explosion over the coming months. Remittix has been showing massive signs of doing 500x or more in profits during its ongoing presale. Let’s find out how RTX compares to XRP and XLM in the Payment Finance (PayFi) space.
The Remittix token is a newcomer in crypto payments. However, it is fast rising as the next big thing in PayFi and fortunately, it’s still in presale. The Remittix ICO recently crossed a whopping $15.1 million raise within a few months, causing experts to tip it as the biggest presale of the year.
But that’s not all. The earliest investors in the RTX token have amassed over 400% gains since the presale started. Long-term investors are also flocking to Remittix because of its massive potential to explode after the project launches fully and gets the RTX token trading on top crypto exchanges.
The project features a powerful crypto-to-fiat remittance system, seeking adoption from everyday users globally giving them quicker, more flexible options that traditional finance. It’s presence in international remittance looks ready to set it ahead of established competitors like XLM and XRP in the near future.
Using their proprietary technology, crypto users can eliminate bottlenecks like high fees and long conversion processes. Remittix charges zero fees and allows direct conversions from crypto to over 30 local currencies that individuals and businesses can choose from when sending or receiving funds. It looks ready to rapidly take a piece of the $200 trillion cross-border remittance market and boom as a result.
A market correction hit the crypto market between May 18 and May 19, causing most altcoins, including XRP, to dip slightly. The XRP price fell to around $2.2, but the token has quickly bounced back to nearly $2.4. The instant recovery shows that XRP bulls are still in control of the market, causing a popular market analyst, Raoul Pal, to say, “XRP will see another leg up.”
According to Raoul, the recent XRP chart indicates that altcoin is positioned for an impressive rally. Moreover, Ripple’s recent expansion to notable banks in the UAE will unlock the token to more institutions for cross-border payments ultimately increasing its demand and the XRP price.
XLM has also been showing strong bullish patterns despite the slight market downturn from a few days back. Though the XLM price is down by over 6% in the past week, the recent XLM chart shows a bullish pattern that suggests the altcoin is consolidating around $0.28 and could experience another breakout beyond $0.3.
Also, increased adoption of XLM for online payments after Stellar’s integration with USDC will play a crucial role in the token’s potential rally.
RTX is emerging as a solid competitor that could overthrow XRP and XLM with seamless on-ramp and off-ramp features. The RTX token has also returned the biggest gains of the three assets this year and is poised for a massive post-launch pump. Buy Remittix on presale for $0.0781 before it explodes.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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