Ethereum and Ripple dominated crypto headlines once with their meteoric rise. These projects made crypto millionaires, but they have fallen behind the times, as they battle with resistance levels and regulatory scrutiny.
Meanwhile, Remittix, hailed to be the next XRP, is experiencing a rapid rise to prominence. The new crypto is drawing interest from over 20,000 investors who previously missed out on promising projects like ETH and XRP.
Since its presale started, over $15.5 million has been raised by selling 541 million tokens. Remittix (RTX) is currently priced at $0.0781, and is close to a sell-out as excitement mounts. Tokens will soon be priced at $0.0811, offering a 33% profit for investors buying in now.
Remittix (RTX): New XRP rival emerges with simpler and efficient payment means
Source: Remittix
Market watchers believe Remittix, still on the ground floor, is exhibiting some of the fundamental qualities of Ripple. However, while XRP emphasizes speed and bank partnerships, Remittix wants to bring everyday users and businesses into the fold.
Its PayFi model converts crypto funds into any local fiat before depositing them into a recipient’s bank account. That removes obstacles such as volatile exchange rates and steep remittance fees common with conventional global remittance systems.
Consider a gig worker in Nigeria, paid by a startup in the U.S. Instead of navigating high wire fees or complex crypto wallets, they can receive crypto payments through Remittix’s platform. The system automatically turns those coins, whether ETH or XRP, into Naira and transfers them into their bank account.
This simple and efficient process mirrors XRP’s goal of convenient cross-border payments. It extends the ease of use to individuals and small businesses, not just large banks.
Remittix’s presale success further cements its potential as the next XRP. Selling over 541 million tokens at $0.0781, Remittix has netted more than $15.5 million, an impressive feat in a competitive market. Market watchers are already painting a scenario where Remittix could match or exceed XRP’s past price rallies as adoption ramps up quickly.
XRP price continues to consolidate as institutional interest ramps up
The XRP price has failed to display positive price action in May in spite of increased optimism for the digital asset. It has plunged below its important support of $2.25 and is on the course to break through the $2 mark.
Source: TradingView
With this, investors are looking towards Ripple’s institutional stance to save the XRP price. This sentiment followed after multiple institutions and whales considered an XRP Treasury for their crypto reserve plan. Two standout companies were Webus International Limited and VivoPower. These firms are currently on the path of investing $300 million and $121 million, respectively, in this digital asset.
Meanwhile, Ripple’s on-chain metrics remain strong, highlighting an increased buying interest and market participation. With market confidence positive, it signals a potential rebound for the XRP price.
Ethereum price stagnates amid heavy institutional inflows
Ethereum’s price continues to consolidate in a monthly range while reflecting increased trading activity and investor interest. This optimism is largely attributed to significant institutional investments in Ethereum ETFs, which have added $286 million in recent weeks.
Source: Traders Union
Additionally, the positive funding rate for ETH, currently at 0.0068%, reflects market hopes of a breakout from this consolidation phase. This rate indicates ongoing confidence from leveraged traders who are willing to pay a premium to maintain their long positions. In Ethereum’s case, it reflects a strong belief in ETH’s upward trajectory in 2025.
Conclusion
While the Ethereum and XRP prices are still on a bullish momentum, their path to achieving tremendous growth remains dampened by market sentiment and macroeconomic concerns. Remittix, on the other hand, is still in the ground phase with enough room to stretch its legs for a 100x.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
