XRP, often hailed as the biggest payment network, has struggled with volatility, succumbing to the market’s bearish sentiment in February and March. Investors and long-term holders have had to deal with successive losses during this time frame but hope the coming quarter will be different. There’s a saying that you know a good month or quarter by how well it starts. If there’s any truth to this, investors will surely hope to see the market with huge upside movements for the first few days in Q2.
Meanwhile, Remittix (RTX), the latest viral market runner, crossed the $14.2 million threshold in investor funding, proving again that new runners that provide an innovative solution to a real market problem are always favored to win. So far, market metrics show that the RTX ongoing ICO has been on a successful trend.
Industry experts forecast that this new PayFi solution will mirror this success when it officially enters the market. In this article, we will predict the performance of both tokens this week, hence giving our take on which is a better buy.
XRP News Today: Could More Trouble Await XRP in April?
XRP was one of the biggest losers when the overall crypto market took a hit in the latter part of the just-concluded week. Charts show the coin is in a difficult spot as it loses key support levels under mounting selling pressure. Interestingly, XRP finds itself in this position even after the company tried to adopt the “sell the news” strategy when the CEO announced a positive development on X.
Market participants expected XRP to see upside momentum after confirming the lawsuit closure; however, things turned out quite differently. XRP has been on a sloppy decline, slipping past key support levels. According to XRP news today, the coin suffered a 4.2% intraday loss, plunging below the $2.10 mark. XRP has dumped approximately 30% of its value since it traded around $3.00 in March. Moreover, XRP is nearly dropping below its lowest price point in the last 30 days. A slip past the level could signal further trouble for XRP.
Analysts trace the coin’s bearish performance to recent whale activity. Ali charts disclosed that whales liquidated a significant portion of their XRP holdings, leading to the sudden price crash. According to him, over 1.12 billion XRP tokens were offloaded in a violent sell-off. With no clear signs of a trend reversal, investors and long traders will likely experience more pain than gains in April.
Remittix is a Better Buy
We have repeatedly witnessed innovative solutions rise through the ranks of the biggest crypto assets in the market. Remittix is no different; analysts guarantee the imminent success of this new PayFi protocol, which was built to resolve a prevalent problem in the DeFi space.
Remittix (RTX) is a payment protocol offering users a compelling utility that cannot be ignored; this PayFi platform enables seamless fiat deposits via crypto.
Remittix is the first of its kind, as most payment systems like XRP and Steller’s XLM facilitate only crypto-to-crypto transactions.
This innovative solution redefines economic inclusion by offering seamless transactions across developed, third-world nations and even the underbanked regions of the world, which have little or no access to traditional financial systems. Industry experts believe RTX would bridge a huge gap in the market and, in doing so, will foster B2B and B2C relationships on a global scale.
The crypto community is in full anticipation mode, eagerly awaiting Remittix’s official market debut to rock the payment industry. Market observers look forward to further rollouts, such as potential partnership announcements and multiple CEX and DEX exchange listings.
With the market projections rumored to reach 100x this year, Remittix is a better buy than XRP. Investors looking to accumulate RTX tokens can still take advantage of the lowered price offered through its ongoing ICO.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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Editor-in-Chief of CoinCentral and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact Oliver@coincentral.com
