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Ethereum’s slide worries investors, as whales shift to Remittix, predicted to rival XRP with its PayFi solution.
The downward trend of Ethereum (ETH) is getting worse with each passing day, and investors are beginning to get worried. With the ETH price now testing critical support at $3,000, whales have been accumulating a new token called Remittix that has defied the bearish trend.
Earning comparisons with Ripple (XRP), Remittix has been soaring in the market, pumping from $0.015 to $0.0199. With financial experts predicting that Remittix can rival and surpass XRP because of its new unique PayFi solution, top ETH whales believe that RTX could trade above $1 in 2025.
Ethereum shakeout gets steeper, decline could continue
On the 30d chart, the Ethereum price has plunged by 22% as the dip continues to go lower. The ongoing correction has led to ETH dropping to the $3,000 support level, per data from CoinMarketCap.
This is the first time since November 2024 that the ETH price would trade as low as $3,000. However, there is optimistic Ethereum news as 74.7% of ETH addresses now belong to long-term holders. While it shows the commitment from investors, they are keen for a turnaround.
While the Ethereum price prediction shared by Planfomo is very bullish, we could see the leading altcoin take more plunge. According to the charts shared by Planfomo, Ethereum charts across multiple timeframes are like a “bullish Russian doll.”
However, the charts suggest that ETH could decline to $2,800 or as low as $2,569 before the uptrend begins. However, when the uptrend begins Planfomo believes the Ethereum (ETH) coin could rally above $5,475, making it one of the top crypto coins to keep an eye on.
Remittix to take cross-border payments to the next level
Cross-border transactions have been a challenging process for most people and companies in the past. Although Ripple made a stir in this $190 trillion market, it did not address the fundamental issues of expensive, lack of transparency, and slow processes.
Remittix (RTX) is launching a new PayFi platform to solve these inefficiencies creating a seamless, efficient, cheap, and most importantly, transparent platform for fund transfers. Remittix is the best of both worlds, offering 50+ cryptocurrencies for payments that users can swap for over 30 fiat currencies.
By linking fiat wallets with cryptocurrencies, Remittix cuts out middlemen and fees and provides users with faster transfer times. Remittix is also handy for international payments within the DeFi space as the funds can directly be transferred to bank accounts worldwide.
Industry experts believe Remittix can become the standard for payments, especially for international businesses. As Remittix rises to this level, they believe the RTX coin can skyrocket toward $1 in 2025. Remittix has already raised $2.7 million and pumped from $0.015 to $0.0199, showing the potential of one of the best cryptos.
Ripple shows resilience, could jump to $3
Among the top 10 altcoins, Ripple has shown the greatest strength, defending most of its key support levels. According to CoinMarketCap, the XRP coin has held the $2.4 support level, managing to gain 1% over the last 30 days, while other coins plunged.
Although the Ripple coin appears to be in consolidation, FrankTrades has advised investors to use bigger timeframes so they can see “the bigger picture.” The Ripple price chart shared by FrankTrades shows that XRP is breaking out of a descending trendline.
According to the analyst, XRP could break out and trade as high as $3 soon. The 1D price chart of La Derecha Cripto has set a higher target. According to the trader the Ripple crypto could trade as high as $3.5 by February.
Why ETH whales are after Remittix as a promising crypto to buy
The current trend of Ethereum has been less than desirable, while Ripple doesn’t offer much explosive growth anymore. This is why whales have been turning to Remittix. The newer crypto is strategically positioned in a $190 trillion market, giving it more growth potential than the rest of the market.
To learn more about Remittix, visit the website and socials.
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