Remittix's PayFi solution to outperform the altcoin market.

For months, Remittix has been on every investor and analyst's lips as the next big thing in DeFi and blockchain technology.

In the dynamic world of cryptocurrencies, attention spans are short, and new projects can quickly steal the limelight.

Earlier this week, the entire altcoin market experienced a surge in response to Bitcoin’s attempt to break through the $111k barrier.

This pushed several meme coins like Dogecoin past $0.25, while Shiba Inu coin saw a 15% surge to reach a three-month high. However, these rallies pale in comparison to the buzz surrounding Remittix, a new PayFi altcoin that has been making waves in the presale.

This article delves into why this underdog has captured the attention of investors and analysts alike.

Remittix’s PayFi solution to outlast the altcoin market

For months now, Remittix has been a hot topic among investors and analysts as the next big thing in Decentralized Finance (DeFi) and blockchain technology. It’s not just idle chatter; rather, it’s a testament to Remittix’s significance in today’s global payment market, which is valued at $190 trillion.

Just like XRP, Remittix aims to simplify cross-border remittance, facilitating low-cost, borderless, and permissionless token transfers.

The platform leverages the Ethereum network to ensure efficient, zero-fee, and lightning-fast settlement across the globe with over 100 cryptocurrencies.

The best part is that Remittix is accessible to everyone. Through the Remittix Payfi API, even businesses can benefit from its immutability, unmatched privacy, and efficiency, which are ideal for seamless integration with any platform.

That’s precisely why the RTX token has taken the spot of XRP and Shiba Inu coins in many investors’ portfolios. The potential is enormous, especially considering that token holders earn up to 8% APY yield from staking.

The stakes get higher when analysts predict it could surge to $1 from its current presale price of $0.0781. Early investors are already making gains, but there’s still time to join in the presale.

However, with the rising technicality in today’s market, it’s easy to get lost in the details. To help you stay ahead, here’s a summary of the market activity that has kept investors focused on a few coins.

XRP debuts on CME: Whales and institutional investors pile in as XRP price rally

XRP price chart. Source: CoinMarketCap

After days of anticipation, institutional tailwinds and the price surge that followed the Chicago Mercantile Exchange (CME) launch have brought renewed bullish momentum to XRP.

As the first US-regulated altcoin after Bitcoin and Ethereum, XRP Futures finally secured a spot on the world’s leading derivatives exchange.

Moreover, the arrival of CME’s XRP Futures has enticed institutional investors to return to the token after a brief departure during the cryptocurrency winter.

Within days of the launch, whale buys have been trickling in! Whale wallets holding between 10M and 100M XRP saw a surge of 12.1%. These large-scale buy-ins have also pushed Open Interest in XRP Futures to $4.94 billion.

However, technicals may have a cautionary tale for investors as XRP price has receded 13% from its monthly high of $2.65 amid the current trade war tensions between the US and EU.

Analyst Ali Martinez highlighted that a slip below current levels may send XRP price back to $2.

Shiba Inu coin flashes golden cross—is SHIB primed for a rally?

Shiba Inu golden cross. Source: U.Today

Another coin that has returned to the spotlight is Shiba Inu coin, which flashed a classic bullish signal—the golden cross—that could see the meme coin soar to $0.236 Fibonacci retracement.

On the hourly chart, Shiba Inu coin’s 50-day MA has crossed the 200-day MA, a technical indicator that usually signals an impending rally.

After plunging to $0.00001 in April during the US-China tariff war, Shiba Inu has since rebounded almost 60% to reach a three-month high at $0.000016.

Shiba Inu analysis. Source: CCN

The level also coincides with the 0.236 Fibonacci retracement level, which is a historical launchpad for SHIB bullish trends.

Although the Shiba Inu coin has retraced to near $0.0000145, analysts believe the incoming impulse wave could send the meme coin to $0.000028.