Remittix Set To Outperform Stellar (XLM) and Ripple (XRP) With Unique Crypto-To-Fiat Payments Protocol
Although Stellar (XLM) and Ripple have been dominating the crypto sector for quite some time now, a new entrant, Remittix (RTX), is coming up with a new protocol that may change the hand of leadership. With its easy and cheap transactions that connect cryptocurrencies with conventional money, Remittix aims to make international transfers easy.
Its ongoing crypto ICO has been a major success. Over 400 million tokens have been sold, signifying huge interest from large and small investors. Given its low market cap and high utility, the value of RTX could pump to $0.5 soon.
Stellar (XLM) Price Plunges On The Weekly Timeframe
The Stellar crypto has been on a steep decline in the past week. The cryptocurrency failed to increase in value following Donald Trump’s presidential swearing-in. The latest CoinMarketCapdata shows the Stellar coin price has declined 15.4%.
The token’s value dropped from $0.51 to $0.41 during this period. If this price drop persists, the value of Stellar (XLM) could even go down to $0.3. On the other hand, technical indicators show that bulls could pull a trend reversal in the coming days.
The relative strength index is above the midline which shows that bulls are in control. Also, the Fear and Greed Index displays Greed which signals high investor interest.
CW notes the Stellar token is forming a short-term convergence amid its ongoing correction. The analyst forecasts a price surge to $0.8 if a rally begins.
Analyst Forecasts $15 For Ripple (XRP)
The Ripple coin has also suffered a price correction like XLM. CoinMarketCap data indicates the value of Ripple (XRP) has plummeted by 4% on the weekly chart. The XRP cryptocurrency is currently trading close to the $3 level.
If the correction lingers, the Ripple price could drop to the $2 region. However, analysts believe the downtrend will not last long. MikybullCrypto notes that this correction is the calm before the storm.
They forecast the price of the altcoin could surge to $5.5 in the coming weeks. Another analyst called Ali Martinez forecasts the value of the Ripple token might pump to $15.
His prediction comes after news flooded the market that XRP CME futures will go live on February 10th. Such a move is expected to attract more institutional investors to the Ripple token.
At the moment, the sentiment around XRP is still bullish despite the ongoing correction. Its relative strength index is close to the overbought region. Also, the altcoin is trading above the 50-SMA ($2.43). This level might act as support if the price drops further.
Remittix (RTX) Blends TradeFi and Cryptocurrency For Easy International Transfer
Remittix (RTX) is the new generation cross-border payment platform that combines cryptocurrency and traditional finance. Currently, the Remittix Pay API can be used by businesses to easily integrate cryptocurrency payments from their customers. Such integration saves time, increases the number of customers, and offers a vast competitive advantage in the global market.
Apart from businesses, Remittix helps individuals by providing an opportunity to make international money transfers quickly and cheaply. Customers can easily exchange more than 30 cryptocurrencies for over 30 fiat currencies and transfer the funds to any bank in the world.
This does away with the time, high costs, and complications that are characteristic of most conventional cross-border transfer solutions. Remittix is making global finance accessible to everyone by integrating the speed of cryptocurrency with the stability of traditional finance.
Meanwhile, Remittix has launched a crypto ICO for its native token, RTX. The presale is a unique chance to invest in a project that has all the potential to change the face of international transactions. The token is currently trading at $0.0383.
Remittix To Outshine Top Altcoins Like XRP And XLM
With competition rising in the crypto-to-fiat payment space, Remittix (RTX) is set to be a disruptor. Its capability to solve real-life payment issues while providing the greatest convenience and speed distinguishes it from prior methods.
Smart investors are already turning to Remittix as the next big crypto to buy. If the current trend is to be believed, Remittix might soon overtake Stellar (XLM) and Ripple (XRP) to become the most preferred solution for financial transactions in the future.
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