As the altcoin market gets a rebound, top coins like Ripple's XRP and Stellar (XLM) are among the top gainers

The bullish movement has caused optimistic predictions for the XRP price and XLM isn't left behind. However, experts are tipping a new Ethereum-based Payment Finance (PayFi) token as the next big thing

In the dynamic landscape of the altcoin market, we've witnessed a rebound, propelling top coins like Ripple’s XRP and Stellar (XLM) among the leading gainers. Both tokens are converging towards new month-on-month (MOM) highs. This bullish trajectory has sparked optimistic predictions for the XRP price, and XLM isn't far behind.

However, experts are now pointing towards a new Ethereum-based Payment Finance (PayFi) token as the next big thing to watch closely in the altcoin market. Having already raised over $14.5 million in a few short months, it's no mystery why. Let's delve into whether the new Remittix token could outpace XRP and XLM in 2024.

Remittix Is Making Waves in the PayFi Industry: Could We See 100x Gains or More?

The PayFi industry has emerged as one of the fastest-growing sectors within the cryptocurrency domain. This blockchain-powered payment system simplifies how crypto users transfer funds, providing accessible, swift, and low-cost transaction channels.

At the heart of it, Remittix understands the crucial role that seamless payments play for the average cryptocurrency user, which is why they've developed a comprehensive solution called Remittix Pay. This solution empowers users to move crypto funds directly into bank accounts in a single location. For instance, a crypto user based abroad can send funds home to their family in BTC or USDT, and the receiver can easily cash out in their local currency.

But that's not all. Traditional businesses seeking to integrate crypto payments into their financial systems can readily do so by creating a virtual merchant account using the Remittix Pay API. This allows them to accept crypto payments from foreign clients and have the funds conveniently paid into their traditional bank accounts with zero fees.

With support for over 30 fiat currencies, Remittix is positioned as an ideal choice for cross-border transactions and international remittances. This factor, combined with its rapid adoption and successful post-launch performance, has fueled investor optimism, leading to predictions of 100x or greater gains for the RTX token in 2025.

XRP Faces Competition As Other Remittance Tokens Gain Attention

Speaking of cross-border remittances, XRP is a coin that stands out to individuals and businesses alike. Its rapid transaction speed and minimal costs are encouraging more people to opt for XRP in their daily crypto transactions and large-volume cross-border payments.

Consequently, we're witnessing an increasing number of banks and financial institutions turning to Ripple’s technology and XRP's decentralization to enhance their payment and settlement systems. This adoption by payment services providers, crypto investors, and decentralized app (dApp) developers has had a positive impact on the XRP price. However, a 10% decline over the past month indicates bearish pressure and the emergence of alternative remittance tokens like XLM and RTX should be considered.

Is XLM Set for a Breakout Above Its Red Resistance Level?

XLM has also been experiencing a surge in recent times, with a 16% growth in the past week alone. While the upward movement in the XLM price is largely driven by the broader crypto market's bullish trend, the latest XLM news suggests that crypto whales are consolidating the XLM price to take it out of its red resistance level.

However, a complete reversal in the XLM price after its five-month slump remains uncertain, judging by its 6% decline over the past month.

Final Thoughts

XRP and XLM are undoubtedly top contenders in the realm of crypto payments and cross-border remittances. But could their days of leading the PayFi sector be numbered with the emergence of Remittix? The new PayFi token is available in presale and currently trading at $0.0757. Interested investors are encouraged to buy RTX before its value skyrockets.