As the global economic community grapples with the current Middle East conflict, the crypto market remains resilient, exceeding analysts’ expectations. Major altcoins are performing well too, with the Ethereum price staying above $2,500 and Tron currently earning share of crypto news coverage with the reported plans to go public after US regulators paused their probe into its founder, Justin Sun.
Experts say the cash pouring into BTC and ETH funds, plus crypto’s rep as a go-to safety net, are big reasons it’s beating expectations right now. Crypto’s steady growth also spills to tokens still in presale, with Remittix topping $15.7 million in proceeds.
Remittix: Putting a More Efficient Spin on Cross-Border Payments
Remittix, with its RTX token, is currently heating the initial coin offering space with its revolutionary take on cross-border finance. Currently, users can count on fiat-to-fiat payments offered by legacy payments like Wise and Spribe, with an emerging market for crypto-to-crypto settlements with Coinbase. While these legacy platforms work, the services are limited and often costly, too.
Remittix’s Pay API can change all that: with its smart contract built on the Ethereum chain, users and enterprises can enjoy crypto-to-fiat settlements. Users easily connect their wallets, fund it with crypto, and settle payments in over 100 fiat currencies. Since Remittix leverages blockchain technology, settlements are faster, of public record and 10-15% cheaper, with no hidden charges!
Bitcoin Records $1.3 Billion Weekly Inflow, BTC Price Steadies Above $105k
Source: CoinShares
The broader crypto market continued to show some reliance amid growing uncertainties in the Middle East. In a Coin Shares report, digital asset investment products enjoyed $1.9 billion in inflows last week, its 9th consecutive positive inflow. Bitcoin led last week’s charge, with $1.3 billion worth of inflows, as Bitcoin price holds steady above $105k.
iShares EFTs remain as the most prolific fund, with inflows of $1.497 billion, followed by Grayscale Investments, and Fidelity Wise Origin Bitcoin. Bitcoin’s spot ETF inflows were also substantial, with collected fees amounting to $242 million last June 13th.
Ethereum Price Remains Strong At $2,500, Records Strong Inflows
Source: CoinGecko
Like Bitcoin, Ethereum also benefits from growing retail and institutional adoption, with robust inflows in recent weeks. In the same CoinShares report, Ethereum sustained its run with $538 million worth of inflows last week, its largest since February. ETH’s latest inflow run boosted its cumulative inflows to $2 billion or 14% of all assets under management.
Last June 11th, the spot ETH ETFs collected over $240 million and there are certain days when it even topped Bitcoin’s take at around $164 million. Currently, Ethereum’s monthly product inflows are nearing $1 billion, backed by growing regulatory clarity and institutional interest.
Justin Sun’s Tron Preparing to Go Public
Source: CoinGecko
Justin Sun’s Tron has formalized its plans to go public. Multiple reports suggest that Tron will go public through a reverse merger with SRM Entertainment. Once approved, the new venture will purchase and hold Tron tokens, similar to Strategy’s strategic plan. Interestingly, the deal is brokered by Dominari Securities, an NY-based investment bank with ties to the Trump family.
TRX’s price reacted positively to the news, with the price surging by 5%. Currently, Tron’s price is hovering above $0.2700, +2.1% from the previous month.
Can Remittix Outperform BTC, ETH and TRX in the Near-Term?
Bitcoin and Ethereum are riding the wave of increasing institutional adoption and growing inflows into the funds. While BTC and ETH continue to attract interest and TRX is gunning for listing, Remittix’s (RTX) continues to heat up in presale.
With a revolutionary take on cross-border payments, Remittix promises to flip PayFi’s script with better services, at no hidden costs. Also, RTX’s presale program boasts programmed price increases on each stage, giving early buyers a bigger ROI potential. Currently, the RTX token sells for $0.0781 and targets $0.0811 on its next price increase.
Don’t miss your chance to buy RTX at a low price- buy your RTX tokens now and enjoy a bigger ROI potential!
Get more details about the RTX presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
