The post How Remittix Can Rival Stellar (XLM) and Ripple (XRP) By Capturing A Share Of $190 Trillion Payments Market appeared first on Coinpedia Fintech News
Both Stellar (XLM) and XRP have seen a minimum rise in the past one day, posing 1.9% and 0.5% rise respectively. But their weekly gain is more impressive, with XLM recording 7.5% gain while XRP records 23.7% gain.
Meanwhile, RTX token, the native currency of Remittix, a project revolutionizing the $190 trillion cross-border payments market is set to debut on major exchanges. Experts analysis capture this token with numerous use cases set to rival XLM and XRP.
Stellar (XLM) Consolidating Following Bullish Breakout
XLM broke out from a bullish pattern on January 15. However, the coin has been consolidating since then with long term holders accumulating more tokens, per on chain analytics from Coinglass. Also, netflow analysis shows that $20 million worth of XLM left exchanges over the past three days. This significant outflow, following a bullish breakout, is considered an ideal opportunity.
Meanwhile, price history and technical indicators show that XLM could reach $0.65, a 25% rise if its daily candle closes above the $0.50 level. Currently, Stellar is trading at $0.4572 after an impressive 34% rise in the past month. Relative Strength Index (RSI) also indicates the token is below the overbought zone, providing opportunities for upside moves. However, reaching this price point may depend on the general market trend.
XRP Rallies Amid Bullish Indicators
XRP’s price could go further from its current price at $3.10, according to experts’ analysis and on chain metrics. LbiDefi, an independent market analyst noted that the XRP’s RSI has bounced off the pivotal 50, a move often seen as the first sign of a bullish trend. Also, the token has reclaimed its daily moving average ribbon, an indicator for upward price action.
The On-Balance Volume has also broken out, reinforcing the bullish view. “The technical charts for XRP look exceptionally promising,” LbiDefi stated. Another analyst, Dark Defender, added to the optimism. He predicts XRP to reach new all time highs of $10.22 and $18.22 in the near term, a monumental surge from the current level. Its 600% rise since November to 3.40$ provides a foundation for future moves.
Several reasons for bullish potential include the greenlight of a possible spot XRP ETF. The growing interest has seen XRP outpace Bitcoin in Google search trends for the first time. Additionally, increased adoption and expectations of regulatory clarity in the United States could contribute to XRP’s rally.
Will Remittix Rival Stellar XLM and Ripple’s XRP?
XLM and XRP are among the tokens with numerous utilities. Remittix also follows this pattern as it changes how international payments work by combining blockchain technology with traditional money systems. Remittix’s platform supports over 40 cryptocurrencies, allowing users to easily convert digital currencies like Bitcoin into fiat currencies such as USD and EUR. This creates a faster, cheaper alternative to traditional systems like SWIFT, which are often slow and expensive.
Among its numerous advantages is Remittix’s open pricing. Remittix guarantees the recipient gets exactly what was sent by using a flat fee approach unlike other providers that include hidden charges. People and companies who wish for dependability and clarity in their transactions would notably benefit from this.
Its use cases for businesses in particular how Remittix present a useful alternative for global payroll. Businesses can pay staff members cryptocurrency, the platform converts that into fiat and deposits it straight into staff bank accounts. This simplifies worldwide operations, lowers transaction costs and eliminates the complexities of conventional cross-border payments.
Another use case that would make Remittix rival XLM and XRP is its security and user control factors. Eliminating outside participation allows the platform to provide consumers with complete transaction control.
Furthermore, guaranteeing a safe and dependable system are audits conducted by reputable companies such as Solidproof and BlockSAFU. The team has frozen its tokens for three years to show its dedication to long term stability and establish confidence.
Talking about the RTX token and why its price would outperform XLM and XRP, the coin in its ongoing token presale, has generated over $3.7 million. This means over 2 million of the token is sold with a unit price currently at $0.0221. Given its limited 1.5 billion coin supply, RTX appeals to driven traders. By 2025, experts estimate its value might explode and provide up to 100x returns.
Investors that have keyed on this project have seen over 100%. Meanwhile, the token is set to increase in its presale price ahead of listing, providing anyone buying at this rate a 200% surge ahead of listing. As such, Remittix’s ecosystem presents an excellent approach for everyone to welcome the future of world transactions.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
