AI picks Remittix as the next altcoin to outshine Solana, XRP and Shiba Inu

Remittix emerges as a PayFi innovator, challenging Solana, Ripple, and Shiba Inu with seamless crypto-to-fiat solutions.

AI has been quite instrumental as a predictive tool within the financial landscape especially in the crypto space. In a recent attempt to find out the next breakthrough token, AI ranked a few emerging altcoins, including fast-rising presale star, Remittix (RTX) among the tokens with disruptive potential in the crypto market.

Specifically, Remittix is gaining widespread attention largely because of its unique attempt to spearhead the next wave of development in the PayFi sector. With the sole aim of making crypto-to-fiat transactions very seamless for everyday users, Remittix is set to challenge top altcoin projects like Solana (SOL), Ripple (XRP) and Shiba Inu (SHIB) for market dominance.

Remittix prioritizes convenience as it redefines cross-border payment

Cross-border payment innovations are largely driven by the need to simplify global remittance for everyday users. This is evident in the emergence of cryptocurrency, which have also fueled a new wave of cross-border payment solutions like Remittix (RTX). This new decentralized PayFi solution solves a crucial challenge in the existing financial landscape, bridging the gap between crypto payment and global fiat settlement.

By leveraging the power of blockchain technology, Remittix makes fiat transactions easier, faster, secure and more cost-efficient; it simply allows users to swap up to 40 crypto assets into fiat instantly, before sending to banks worldwide. While it beat the likes of Coinbase, Wise and Stripe, Remittix further ensures that it  offers even more advantages to savvy investors, including retail users and corporate businesses.

For instance,  businesses owners can create an account and use its Pay API feature to accept crypto payments which can be converted to fiat currency and vice versa. Meanwhile, all transactions are immutable, thereby eliminating unnecessary cashbacks. This unique positioning at the intersection of DeFi and TradFi have attracted a lot of investors to the project’s presale campaign, considering it has raised over $800k with the native RTX tokens selling for merely $0.0167.

Solana attracts mixed reactions as it trades below the $200

Solana price trajectory has attracted a lot of positive projections and skepticism at the same time. While the skepticism stems from its extended price consolidation, several analysts maintain a bullish stance for SOL token. Currently trading within a weekly range of $191 and $193, SOL price reflects less than 1% increase in the past week with about 18% decline in the past week. 

Although many consider this noticeable retracement as a minor setback, it remains unclear if Solana will navigate its way above the $200 price mark any time soon. Meanwhile, popular crypto analyst Ali in an X post, highlighted $190 and $180 as the most significant support zone for Solana. If SOL token fails to hold this zone, then further retracement to lower levels can be expected.

Shiba faces extended decline amid severe consolidation

Earlier in the month, Shiba Inu printed a bullish pattern, prompting top crypto analysts like JAVON MARKS to project a possible breakout above the $0.000080 levels. Although SHIB token has since suffered a fatal dip, registering nearly 30% decline, several analysts as well as token holders are still maintaining bullish sentiment towards the canine-themed meme coin.

Currently trading within a weekly range of $0.000022 and $0.000021, SHIB price reflects about 5% decline which further compounds its progressive decline. While no end appears to be in sight until possible resurgence, analyst Ali recently tipped the price range between $0.0000215 and $0.0000193 as the most significant support zone. Should SHIB token fail to hold this crucial position, then a further decline to lower levels can be anticipated.

Ripple trajectory attracts positive sentiment amid consolidation

Like Solana and Shiba Inu, Ripple is not exempted from the market volatility as it has had to navigate noticeable fluctuations in the past few weeks. While it traded above $2.30 price level earlier in the week, XRP price is currently hovering within a weekly range of $2.23 and $2.08, which reflects slightly over 7% decline during the duration. 

In contrast, XRP price still maintains a positive position in the monthly chart with over 8% price gain retained.  Despite the positive outlook, XRP price has suffered a noticeable decline in the past month as well, falling from its peak price of $2.84 to currently trade below the $2.10 levels. Regardless, Ripple token has continued to attract positive sentiment with top crypto analysts like Ali projecting a lofty target of $11 sometime in 2025.

Can Remittix lead Ripple in cross-border payment?

Although Ripple has established itself as a tough contender in the decentralized PayFi sector, especially following its recent victory against the SEC, Remittix still stands a great chance to dominate the market too. While both platforms aim to simplify cross border payment, Remittix’s instant crypto-to-fiat settlement stands out, giving it an unfair advantage over Ripple and its likes. 

To learn more about Remittix, visit the website and Twitter.