There could be another massive price surge in the Bitcoin price, following recent events in the crypto market. Strategy, a prominent blockchain and crypto venture capital firm, has taken its Bitcoin holdings to over $46 billion after its latest acquisition, a move that analysts believe could drive the demand for BTC in the market, thereby boosting its price.
The recent Bitcoin price prediction sets the token up for a $200,000 valuation, which would indicate a new all-time high for the largest cryptocurrency by market cap. Since Bitcoin is the major market mover, a price surge on this scale could trigger another altcoin season as investors rotate capital into less expensive options to gain exposure to the market.
Meanwhile, RTX, the native cryptocurrency of the upcoming PayFi project Remittix, is edging closer to $30 million in its presale after surpassing $22 million and securing a token listing announcement from Lbank, a prominent centralized exchange.
Bitcoin Price Prediction: Token Could Hit $200,000 Before The End of The Ongoing Cycle
If analysts are right, Bitcoin could set a new all-time high in the crypto market by the time the ongoing cycle reaches its end. The recent Bitcoin price prediction sets the token on a path to $200,000, a massive increase from its current value.
The most important thing about a potential Bitcoin price spike is the opportunity it presents for the broader crypto market. If Bitcoin surges in the market, capital will surely trickle down into other altcoins as investors diversify into cheaper alternatives to gain exposure to the market. One of the tokens that could benefit from this happening is RTX, an upcoming payments token.
RTX has caught the eye in the industry thanks to the increased demand for payment tokens and the role it plays in the Remittix ecosystem, a project widely viewed as the answer to some of the most pressing issues in the payments sector, such as liquidity fragmentation.
Remittix Edges Closer to $30 Million in Presale Following Recent Milestone
Remittix, the upcoming PayFi project everyone can’t seem to stop talking about, has impressed massively in its ongoing presale. Currently at $23.6 million valuation, the project is now edging closer to the $30 million mark as the bull market intensifies. Analysts believe it will reach this milestone in the ongoing cycle and most likely emerge as the most dominant payments token on the market by the time it concludes.
Remittix has gained a reputation in the industry as a project with the potential to transform global payment experiences, thanks to 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
