Meme tokens’ appeal on the crypto market has dropped in recent weeks. Shiba Inu is down 2.5% and 25.66% last week and last month, respectively. Among the best cryptocurrencies, Ethereum (ETH) also disappointed investors during the last week because it fell more than 7%. This decline was said to have led most investors looking to invest in another altcoin with a better outlook and that is where Remittix (RTX) comes in.
Touted to become one of the best altcoins this year, Remittix is stepping up to bridge the crucial gap between crypto and fiat systems, making financial interactions smoother and more effective for users everywhere. Read on to learn more.
SHIB Continues In Its Downward Trend
Looking at the Shiba Inu’s price trend, there is not much difference in their price patterns in recent weeks. Shiba Inu is currently down by 2.5% in the past week. With a market cap of $11.8 billion, it ranks as the 15th-largest cryptocurrency.
Looking at Shib on the 1-day chart, the altcoin seems to be consolidating in a short-term range. However, this formation doesn’t indicate clear bullish momentum on the higher time frames. Shiba Inu’s trading volume has also dropped recently, suggesting that market players are waiting for a big positive trend to start.
A move towards the $0.00002312 level and bold highs at $0.00002464 seems more feasible based on the present market attitude and trading volume. However, the reduced trading and the still broader crypto market, especially Bitcoin’s, suggest Shib’s price will follow the broader cryptocurrency market trends.
Ethereum’s Weak Buying Signals Persist
With its price slippage of over 7% last week, Ethereum, the biggest altcoin, has not had the best week. Over half of the value for the previous day, its daily trading volume is about $11 billion, while its market cap is over $395 billion. The price of the cryptocurrency at the time of writing is trying to settle in a little range between $3,200 and $3,300.
Although Ethereum’s little price swings point to declining selling pressure, the market remains unsure as there is no substantial buying demand. Should ETH rise over $3,400 under heavy trading volume, it may point to a favorable trend. On the other hand, if ETH falls below $3,101, it might indicate further losses for the altcoin price
Technical indicators show mixed signals, with some suggesting a bearish trend. Short-term moving averages indicate selling pressure, while longer-term averages identify support near $3,265 and $3,109. If Ethereum falls below $3,100 with strong selling, it could lead to testing key support levels around $3,000, increasing negative sentiment.
Remittix (RTX) Is Set To Become One Of The Top Crypto Coins This Year
By 2027, cross-border payments are predicted to have grown from their 2017 value of around $150 trillion to $250 trillion. By fusing the strength of blockchain technology with conventional banking systems, Remittix is gaining market share in this enormous industry and developing a smooth and effective solution for international transactions.
Remittix allows customers to exchange more than 40 cryptocurrencies into fiat money swiftly. These monies can be transferred immediately to any bank account, anywhere. Remittix is notable for simplicity. Even though the transaction started as a cryptocurrency payment, recipients get a regular bank transfer. Its innovative elements enable customers to manage their money completely under control and adaptably.
The platform aims at well-known companies such as Coinbase, Wise, and Stripe. Unlike these conventional rivals, Remittix offers the unique capacity to transmit money via cryptocurrencies, convert it, and send it straight into a bank account.
Thanks to Remittix’s Pay API, companies may now accept client bitcoin payments and handle fiat transfers to a designated bank account. Businesses may also create merchant accounts, which allow them total control over how they spend their cryptocurrency and access to more than 50 top crypto coins pairings and more than 30 fiat currencies.
Remittix (RTX) is seeing a sharp increase in investor interest. The enthusiasm is evident with tokens priced at only $0.0207 and over $3.2 million raised in the $RTX presale. Experts in the market predict a stunning 5,000% increase after launch and an 800% jump before the conclusion of the presale. With Remittix at the forefront, now is the perfect time to explore the possibilities of cross-border payments.
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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