Remittix (RTX) Is Taking the Fight to Ripple (XRP)

This article takes a close look at the tough competition between different crypto projects in different niches of the market. Pepe (PEPE) is taking the fight to meme king Dogecoin (DOGE)

The crypto market is brimming with competitive energy as different projects strive to outshine one another in various niches. In the meme coin realm, Pepe (PEPE) is heating up the competition with Dogecoin (DOGE), aiming to steal some of the meme king’s thunder.

Over in the smart contract platform space, Solana (SOL) continues its journey to topple Ethereum (ETH) as the go-to hub for smart contracts. And then there’s Remittix (RTX), a trailblazing new token with ambitions to overshadow crypto bigwig Ripple (XRP).

Join us as we take a closer look at these tokens and pick out some must-haves for a successful investment portfolio.

Ethereum investors take profit after BTC flirts with $100K

Crypto prices experienced a slight correction as Bitcoin dipped and flirted with the $100,000 mark, a psychologically significant price point for many investors. In response to this minor setback, Ethereum investors reacted by taking some profit from ETH’s recent rally above the $2,500 mark.

However, despite this slight pullback, experts don’t anticipate any major drops for Ethereum. Healthy inflows into BTC and ETH ETFs provide a solid foundation for Ethereum’s long-term support, according to BRN’s lead research analyst Valentin Fournier.

Ethereum’s Weighted Open Interest funding rate. Source: Coinglass

Data from Coinglass backs up this claim. Ethereum’s funding rate remains largely unaffected by the BTC blip, and the general belief is that ETH would bounce back and possibly rally to $3,000.

Will Solana ever catch up with Ethereum?

Solana has been making good progress in recent times. It is widely regarded as the fastest blockchain network, and SOL has made leaps and bounds in terms of price appreciation and popularity among crypto enthusiasts.

However, Solana is still several steps behind Ethereum, with a $200 billion gap between their market caps.

Solana vs Ethereum market cap. Source: Coingecko

But Solana isn’t ready to throw in the towel. They are constantly innovating and improving their offering in order to eclipse Ethereum and become the best platform for decentralized applications.

Maybe Firedancer, Solana’s upcoming network upgrade, which promises more goodies for its users as well as a million TPS, could turn the tide in Solana’s favor.

Dogecoin price struggles to maintain new momentum

Dogecoin has seen its momentum become somewhat constrained in recent times. DOGE had experienced a significant price surge last month, with its price surging by 46% to rekindle flames of the meme craze. But now, the meme king is struggling to sustain this momentum.

Dogecoin’s latest support and resistance levels. Source: Tradingview

Trading data shows strong resistance at the $0.245 levels, while DOGE is now finding support around $0.22.

Dogecoin remains a major player in the meme space, boasting a significant market cap and a dedicated community. But this hasn’t stopped other meme projects from trying to knock DOGE off its perch.

Is PEPE taking aim at Dogecoin’s spot?

In contrast to Dogecoin’s sluggish rally, PEPE has experienced an impressive surge of over 80% in the last month. With such a substantial ascent, it would appear that PEPE is posing a challenge for DOGE’s position. Nevertheless, there is a significant disparity in valuation between the two tokens.

Pepe’s boom in the last month. Source: Coinmarketcap

Standing strong at over $30 billion, Dogecoin’s market cap is 6x that of PEPE’s. However, this hasn’t stopped investors from preferring PEPE over Dogecoin in the recent period. Increased daily trading volume to the tune of billions signifies growing investor interest in PEPE. The expectation is that PEPE would provide current holders with handsome returns in the near future.

Ripple sees $3 as crypto whales accumulate XRP

XRP has shown remarkable strength, rallying by 65% over the past month as it rebounds from a low of $1.61 to reach a high of $2.65. This surge is being attributed to growing whale accumulation and a more optimistic global trade outlook, particularly due to easing tensions between the US and China.

Source: TradingView

According to crypto analyst MoNi_Mon, XRP has broken out of a multi-month falling wedge, which is a bullish signal. This breakout could push XRP towards $3.4, which represents as much as a 45% ROI from its current levels.

While decent, this level of returns pales in comparison with what coins like Remittix can offer.

Remtix: The ultimate destination for maximum crypto profits

Remtix is another crypto payment solution, similar to XRP. However, Remtix appeals to both retail and institutional users. Its killer application is enabling users to send