Bitcoin ran to a new all-time high of $111k and the whole altcoin market followed suit. Coincidentally, XRP’s price got an institutional boost after its Futures market launched on CME. The meme market reacted enthusiastically, too Dogecoin went past $0.25, while Shiba Inu coin surged 15% to a three-month high.
But these rallies have been nothing compared to the attention and demand that the new PayFi altcoin Remittix has been getting in presale. This article explains why this underdog has been getting all the attention.
Remittix’s PayFi solution to outperform the altcoin market.
For months, Remittix has been on every investor and analyst’s lips as the next big thing in DeFi and blockchain technology. That is no mere chatter! It’s proof of Remittix’s importance in today’s global payment market worth $190 trillion. Just like XRP, Remittix aims to simplify cross-border remittance, a way to facilitate cheap, borderless and permissionless transfers.
Remittix leverages the Ethereum network to provide efficient, zero-fee, lightning-fast settlement across the globe with over 100 cryptocurrencies. The beautiful part is that Remittix is for everyone. Thanks to the Remittix Payfi API, even businesses can benefit from its immutability, unmatched privacy and efficiency.
That’s exactly why the RTX token has replaced XRP and Shiba Inu coins in everyone’s portfolio. The potential is immense, especially when token holders earn up to 8% APY yield from staking. The stakes get higher when analysts predict it could surge to $1 from its current presale price of $0.0781. Early investors are already making gains, but you’re still early.
XRP debuts on CME: Whales and institutional investors pile in as XRP price rally
XRP price chart. Source: CoinMarketCap
XRP has also been in the headlines. Institutional tailwinds, whale accumulation, and the price surge that followed the CME launch ignited bullish momentum. A few days ago, XRP Futures secured a spot on the Chicago Mercantile Exchange (CME) the first US-regulated altcoin after Bitcoin and Ethereum.
Within days of launch, whale buys have been trickling in! Whale wallets holding between 10M and 100M XRP surged to 12.1%. The buy-ins pushed Open Interest in XRP Futures up to $4.94 billion. However, technicals tell a cautionary tale to investors. XRP price has receded 13% from its monthly high of $2.65 amid the current trade war tensions between the US and EU.
XRP analysis. Source: Ali Martinez on X
Analyst Ali Martinez highlighted that a slip below current levels may send XRP price back to $2.
Shiba Inu coin flashes golden cross—is SHIB primed for a rally?
Shiba Inu golden cross. Source: U.Today
Shiba Inu coin also got back in the spotlight. The dog-themed meme coin flashed a classic bullish signal, the golden cross, that led analysts to believe it could soar close to $0.00003 in the near term. On the hourly chart, Shiba Inu coin‘s 50-day MA has crossed the 200-day M a pointer for an impending rally.
After plunging to $0.00001 in April during the US-China tariff war, Shiba Inu has rebounded almost 60% to a three-month high at $0.000016.
Shiba Inu analysis. Source: CCN
Analysts noted that the level coincides with the 0.236 Fibonacci retracement level, which is a historical launchpad for SHIB bullish trends. Although the Shiba Inu coin has retraced to near $0.0000145, analysts believe the incoming impulse wave could send the meme coin to $0.000028.
Conclusion
The altcoin market had its moment with the XRP and Shiba Inu surge. However, the sentiment is shifting, and market uncertainties have dwarfed their potential. Fortunately, the Remittix presale is still on! The PayFi underdog has seen astounding demand in its ongoing presale, and it’s not slowing down anytime soon.
Right now, the presale has seen an over $15.3 million raise, but the price is still just $0.0781. It won’t remain there for long, so don’t wait around.
Discover the future of PayFi with Remittix by checking out their presale here:
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