Bitcoin has fallen by 3% today, triggering a broader market downturn. Major altcoins have seen far worse dip in the same period with Solana, XRP, and Ethereum facing drops respectively.
Among the tokens facing a significant downtime is SUI, with a 7% drop in the past day to currently trade at $3.84. This layer-1 Blockchain has now dropped below the $4 mark for the first time after maintaining this range for over a month. With further fall in price muted, smart money now rotates to XRP’s rival that’s up by 200% since January.
SUI price rally
The blockchain developed by Mysten Labs has now seen its price drop in the past week. According to CoinGecko, its market capitalization now stands at $11.55 billion, marking a 7% drop in the last 24 hours. Meanwhile, its drop follows the general market trend, which has seen the crypto market cap losing steam and currently stands at $3.46 trillion.
Meanwhile SUI’s ecosystem is resilience to this decline as the platform’s Total Value Locked (TCL) reaches $1.59 billion with over 50 million users. Although, still below the last year’s figure, the activity hasn’t suffered much loss. As of this press time, the token is 16th in the list of largest crypto by market cap.
Despite the Crypto Fear and Greed index being 71, pointing at greed to accumulate the dip, the fall has raised concerns among traders. Crypto trader Henry expected retest at $4 for a price rebound but the coin is now well below the level. A selloff could occur at this point, pushing the price further in bearish momentum.
Additionally, the Relative Strength Index (RSI) is at 34, showing a downward gradient, highlighting weakening upward momentum. As such, investors are looking towards XRP’s rival that’s up by 200% in January.
Remittix: Up by 200% in January, Set to Give 100x in Return this Year.
The hallmark of the Remittix ecosystem, the project behind the RTX token, is revolutionizing the global remittance market, a serious rival to XRP. This project is set to transform the international payment methods as it integrates blockchain technology in fiat transactions.
Currently, Remittix supports over 50 cryptocurrencies, enabling stress-free conversion to fiat currencies like USD, YEN, and EUR. Additionally, Remittix offers a quicker and cheaper option for global payment, unlike the traditional systems such as SWIFT.
Meanwhile, Remittix has a transparent flat-fee pricing option, allowing recipients to receive the same amount they expect without hidden fees. For businesses, Remittix’s API is efficient for international payroll, easily converting crypto payments into fiat. Also, it helps in directly depositing funds into employees’ bank accounts. These services, thereby, streamline global operations and also reduce costs.
Aside from this, Remittix is a transparent platform, which gives credence to user autonomy and security, thereby eliminating third-party involvement in transactions. The platform has undergone audits from Solidproof and BlockSAFU, ensuring Remittix reliable and trusted infrastructure is second to none. Additionally, Remittix is locking the team allocated tokens for 3 years to ensure it eliminates the chance for insider sell-offs.
For the RTX token, currently trading at $0.0406 in its ongoing presale, it is a promising investment project for market participants interested in gaining substantially in the crypto market.
The token has a capped supply of 1.5 billion tokens, with a forecasted return of about 100x returns in 2025, Remittix is on the stage to not only transform the cross-border payments sector but also make investors benefit and change their fortunes.
Remittix is set to surge in 2025 and investors are already rallying around the token. As of this press, Remittix presale has raised above $8.2 million with over 382 million tokens sold. Earlier participants who bought the tokens have already seen 200% uprisings in their investments. Meanwhile, analysts project RTX token to surge by 800% before the presale ends.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
