There is a new distress signal in the crypto market today as many top altcoins take a nosedive, wiping away billions of dollars from the cap. The recent nose has now started showing a new setup that might indicate a significant sell-off could be lurking around.
Although analysts believe the Ripple price prediction could be bullish this year, the recent price drop could set a tone for a near-term bear. To add to the pressure of the Ripple price prediction, the new Remittix token is now dubbed XRP 2.0, which could fuel a move away from Ripple. Here are the details of the story.
Investors rushed to Ripple coins earlier this year with two landmark announcements: the Ripple ETF filing and the US crypto reserve. However, as the days progress and no confirmation date is in sight, investors seem to be getting tired already, and this is already showing in the price setup.
More interestingly, while earlier predictions showed that the price could hit a new high this year, the recent trending Ripple price prediction now has a heavy bearish undertone.
Could the delay with the ETF filling be a significant setback for the Ripple price prediction? There is a mix of interest regarding the point in focus as many analysts consider the price to be fueled largely by the Ripple solution with settlement and payment rather than mere ETF future.
However, from another perspective, many recent investors have continued banking on the Ripple price surging this year, with the ETF approval set as a significant catalyst. Furthermore, the rise in other competitors could also drive more bearish sentiment toward the Ripple price prediction in the future.
As new solutions continue to join the crypto market, those without stronger backing and widespread utility could be a bubble with short-term growth. However, the recent rise of the Remittix exchange and the discovery of its many solutions have shown that the market might readjust to accommodate a new top altcoin.
Funny enough, while this new altcoin is still in presale, top market analysts call it the XRP 2.0. But why is this new player compared to the more established crypto payment giant? Many of these analysts believe the approach the Remittix exchange introduces could revolutionize the crypto payment sector in the coming months.
Remittix takes in crypto and helps users convert it to FIAT currencies that can be readily sent across the globe to a desired bank account; It’s that simple! While others seem to do similar, none has a cross-border connection that helps crypto users send money directly to a bank account using their crypto without going through p2p.
With Remittix removing the middleman problem, crypto users can now get full control and security over their asset, giving them freedom to do more.
But while it has attracted the attention of top investors in the last few months, small investors also stand a chance to take a position now before it’s too late. The presale price, which remained below $0.1, is an opportunity for everyone to get a good entry.
Although the Remittix presale raised over $14.2M within the short period it started, the gradual price growth has been an opportunity for continuous growth.
Don’t miss the opportunity with the presale price today, as this could be the best opportunity to invest in the future of crypto payments. Check out the website and social media links below to learn more and invest in this new payment solution.
Website: https://remittix.io/
Socials: https://linktr.ee/remittix