Remittix: New PayFi sensation targets $1 amid spike in market volatility

Ethereum looks to end its downtrend that has been in play since mid-December after it turned away from its 10-month high of $4,000.

Ethereum is set to continue its recent rally, which has seen the crypto giant add over 30% in a matter of days.

The Pectra upgrade, a significant milestone in the Ethereum network, is a major factor behind the surge, as it has seen ETH become deflationary again.

With the PayFi sensation Remitttix also making headlines for its rapid ICO launch, investors are swarming into the new token in droves.

What happened: As the crypto market kicks into a higher gear in Q2 with its bullish cycle, Remitttix bulls are emerging to propel RTX from its current price point at $0.0757 to $1.

However, large accumulation has been happening behind the scenes as investors contribute nearly $15 million, showing an astounding level of confidence in the project.

What’s new: Remittix’s innovation is fuelled by a blockchain-based PayFi solution that presents a payment solution to the setbacks faced in cross-border remittances.

With Remittix, users can convert more than 40 cryptocurrencies into fiat currencies without foreign exchange charges, delivering a seamless, low-cost solution in a sector notorious for delays and high fees.

But Remittix’s finance technology goes beyond crypto-to-fiat. The project is creating an API for enterprises to integrate their payment protocol for both Web2 and crypto-native users. This feature is crucial for companies and local agencies as it enables them to receive crypto payments and effortlessly convert them to fiat currencies.

Considering Remittix’s native token offering and its impressive 8% staking yield, while maintaining its property as a deflationary token, market experts believe the $1 price target is just the beginning. And with global adoption and major exchange listings on the horizon, RTX is poised to vault into the top 10 crypto ranking, challenging the likes of Cardano and Ethereum.

Cardano’s price action has shifted significantly after BitcoinOS demoed the first bridgeless transfer of Bitcoin between Bitcoin and Cardano. With its latest 20% surge in May, the Cardano price is still down 12.3% from its March peak and 50% lower than its 2024 high.

Source: CoinMarketCap

The Cardano price risk model suggests that the bull market for ADA has not yet begun, despite early-stage bullish trend reversal signs. According to an evaluation by Crypto Capital Venture founder Dan Gambardello, Cardano’s Long-Term Risk Score currently stands at 37, categorized as a “Moderate Buy.”

Furthermore, in comparison with Ethereum, which has a lower Long Term Risk Score of 24, Gambardello views ADA as being better positioned structurally. In the near term, Ali Martinez’s analysis points to a structural breakout above the $0.8, as it clears the upper boundary resistance of a falling channel.

One of the standout ramifications of the Pectra upgrade is that $ETH is deflationary again. This means that more of the supply is being burned than new coins are being created. Within a day after the upgrade, the Ethereum price surged by more than 30%, as ETH approached the $2,411 psychological level.

Analyst Cas Abbé called the upgrade “really successful” and suggests the deflationary effect could propel the $ETH price to $3,000 before 2025 ends.

Source: Bob Lukas on X

Structurally, Bob Lukas noticed that Ethereum has broken out above a descending trendline resistance level, which could set the tone for a price push above $2,500.

If Ethereum surges towards the $3K and infuses fresh mainstream momentum into its network, Remittix can be a monstrous beneficiary, catapulting the RTX price towards the $1 target. As an early-stage company with its tiny market cap, a progression from $0.0757 to $1.00 or even $3.00 would be 13x to 50x growth. Choose wisely!

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix