Remittix's Emerging PayFi Protocol Might Be Among the Least Performing Altcoins of the Top 10 Coins by Market Cap This Season

Binance’s BNB and XRP might be among the least performing altcoins of the top 10 coins by market cap this season. Where other altcoins have gained over 20% in the recent market rebound, BNB and XRP prices have struggled to breakout of their consolidation phases, leading to paltry sub-20 % gains.

Granted, XRP’s price has broken out of its $2.3 resistance zone and is now meandering around a price of $2.5, as experts expect it to maintain an upward momentum if the buying pressure persists. BNB, on the other hand, has stagnated at its current price range with paltry gains of only 9.4% in the last month.

Could XRP’s price and BNB’s woes be due to this rising rival in the cross-border payment space? Remittix’s emerging PayFi protocol is already reinventing cross-border payments with a presale that has raised nearly $15 million in a brief spell.

SEC’s delay of XRP ETF approval slows down XRP’s price ascent

The SEC’s decision to extend the review period of Franklin Templeton’s spot XRP ETF, filling all the way to June 17th, might have contributed to XRP’s slow performance. While most altcoins have enjoyed gains above 30% with the recent market rebound, XRP’s price has only registered a 16.7% uptick in the last month.