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The crypto community is detecting new indicators that Ripple (XRP) and Ethereum (ETH) will significantly decrease in value. Heritage’s new crypto coin Remittix (RTX) has attracted the attention of investors as it shows robust pre-sale numbers while building its community at a rapid pace.
Ethereum (ETH) concerns.
Despite dominating the DeFi ecosystem, Ethereum (ETH) saw a 4.94% drop in market value over the past week. Large entity owners can make trades based on profit, while Bitcoin version 2.0 and other grassroots blockchains offer fierce competition. Ethereum (ETH)’s failure to regain its market strength could lead to further declines.
The network operates thousands of dApps along with a vibrant NFT section, indicating that significant declines only occur when the broader crypto market declines dramatically. Despite these negative indicators, short-term traders need to pay attention as on-chain information may confirm that additional funds are leaving the system.
Ripple (XRP) under pressure
Meanwhile, Ripple (XRP) is currently at $3.10, down 2.70%. If the selling continues and buyers remain hesitant, XRP could fall towards the key support of $2.45. Many traders expect a bounce at that level, but if demand doesn’t materialize, things could turn ugly quickly. Even so, if investor confidence returns – or if the market as a whole turns bullish – Ripple (XRP) could climb back towards its all-time high of $3.41.
For now, however, the mood is cautious, and analysts remain cautious. It is this uncertainty that is why Smart money is betting on Remittix over Ethereum and Ripple, and some consider Remittix(RTX) a safer bet for a quick win.
Why Remittix(RTX) looks promising
So what is Remittix (RTX) and why has it attracted so much interest? The project aims to simplify cross-border payments by converting cryptocurrencies to fiat globally. Beginners find this concept appealing because traditional remittances often come with heavy fees and delays. Aimed at solving real-life problems, Remittix(RTX) promises a wider user base than many other tokens.
The success of Remittix’s pre-sale speaks volumes: $7 million raised and 350 million tokens sold in just four weeks clearly demonstrates the success of Remittix that continues to thrive. Not surprisingly, some backers of Ethereum (ETH) and Ripple (XRP) jumped ship, hoping to latch on to a new project that could soon surpass both coins.
PayFi corner
Remittix(RTX) calls itself a PayFi solution, aiming to merge DeFi concepts with everyday finance. Users could easily send money around the world at a fraction of legacy fees, which might appeal to people outside of mainstream crypto circles. This potential for mainstream adoption could, in theory, bolster RTX and protect it from the volatile meme coin market.
Of course, skeptics argue that large networks like Ethereum (ETH) or solutions like Ripple (XRP) already offer payment options. But fans of Remittix (RTX) say the token’s design is simpler and friendlier to non-crypto users, a factor that could encourage further investment.
Conclusion
While Ethereum (ETH) and Ripple (XRP) have always been the top picks for many crypto portfolios, experts are now warning of upcoming declines that could rock both assets. Meanwhile, a growing number of traders believe that Smart money is betting on Remittix over Ethereum and Ripple, gravitating towards Remittix (RTX) because of its real payment angle and pre-sale success.
It remains unclear whether ETH and XRP will bounce back or decline further, but the current move to Remittix(RTX) highlights how quickly market sentiment can change. Only time will tell if this new altcoin really trumps the giants – or if the big names will reassert their dominance when conditions improve.
Ready to explore Remittix further?
● Join the presale
● Follow Remittix on social media
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment or financial advice.
