For several weeks now, the XRP price has fluctuated wildly, falling and rising below the psychological $3 mark, much to the dismay of investors. For the first time in a while, it seems like the XRP price has finally found some stability in the market. Although the range at which it is stabilizing is an entirely different matter.
The XRP price has stabilized at $2.80, a figure massively below projected expectations at the start of the ongoing bull market. Not only that, the token’s struggles in the market thus far have been quite evident, causing a dip in investor confidence. So bad is the damage that analysts are now predicting that XRP could lose its spot as the dominant payments token on the market.
Analysts even have the name of the next contender. RTX, the native cryptocurrency of Remittix, an upcoming PayFi network, has emerged as a dark horse in the ongoing bull market, and analysts believe it could outperform most industry giants, such as XRP.
XRP Could Lose Spot To Upcoming Contender, Analysts Warn
By the end of the ongoing bull market, XRP may no longer hold the title of the top payments token on the market. At least, that’s what analysts believe. The token has struggled for consistency over the past few weeks, falling and rising above its critical support level countless times. This has not gone unnoticed by investors, analysts believe, and they would be looking to rotate their capital into more trustworthy altcoins.
With the XRP price in decline, analysts believe the opportunity exists for RTX, an upcoming PayFi token, to seize the day. RTX is still in presale, but has caught the eye of the industry thanks to the role it plays in the Remittix ecosystem, a project widely expected to transform global payment experiences when it launches.
Remittix Edges Closer To $25 Million In Presale
Remittix has impressed so far in its ongoing presale and looks set to surpass the $25 million mark shortly. Each time the token has crossed a significant milestone, a huge announcement has been made either in-house or by external parties.
The most recent example of this is when Lbank, a prominent centralized exchange in the market, announced its plan to list the RTX token when it launches. The announcement came after Remittix crossed $22 million in presale.
Remittix has caught the eye in the crypto industry, promising to transform the global payments experience with innovative features, such as:
- Direct crypto-to-bank transfers in over 30 countries worldwide
- 20% referral rewards for onboarding new users
- Support for 40+ cryptocurrencies and 30+ fiat currencies
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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Maisie is an experienced Crypto & Financial news journalist, having written for Moneycheck.com, Blockonomi.com, Computing.net and is Editor in Chief at Blockfresh.com
