In crypto news today, there is a mixed bag concerning the future outlook for top altcoins like Cardano and Kaspa. On paper, both altcoins have performed poorly in the market since the start of the ongoing cycle.
However, analysts claim that this does not tell the whole story and that extensive data analysis suggests that both may be due a price correction in the market shortly.
Where altcoins like Cardano and Kaspa continue to divide opinions within crypto circles, one altcoin that everyone seems to be aligned about concerning potential and future outlook is RTX, the native cryptocurrency on the upcoming PayFi project, Remittix.
RTX has come under increased demand thanks to the growing demand for payment tokens following institutional interest in crypto and blockchain-powered payment rails.
Analysts Say Cardano and Kaspa Are Due for A Price Correction In The Market Shortly
When people speak about the ongoing bull market years after it ended, one thing that will stand out in their commentary is just how different it was from earlier ones. There has been no meme coin frenzy in this cycle, as analysts speculate that investors have grown tired of memes and do not seek further exposure to the asset class. But perhaps the most surprising fact of the cycle is the apparent lack of an altcoin season.
Despite the massive surges in the prices of industry-leading cryptos like Bitcoin and Ethereum, liquidity and capital have failed to trickle down into lesser-known altcoins like Cardano and Kaspa. This is why analysts think the latter have underperformed so badly in the market in this cycle.
The same sentiment is why analysts believe that the upcoming payment token, RTX, could dominate the market when it eventually launches. RTX is uniquely positioned to tap into the growing demand for payment tokens as institutional investors pivot into crypto and blockchain-based payment rails.
Remittix Crosses $24 Million As Token Generation Event Draws Closer
It’s another huge day for fans and lovers of Remittix as the project officially crossed $24 million in its ongoing presale earlier. The passing of each milestone means Remittix’s highly anticipated RTX token generation event is closer.
Several centralized exchanges, such as BitMart and Lbank, have already indicated that they will list RTX when it launches. Other similar announcements can be expected shortly.
Remittix has caught the eye in the industry thanks to its perceived potential to transform the global payments scene with innovative features, such as:
- Direct crypto-to-bank transfers in over 30 countries worldwide
- 20% referral rewards for onboarding new users
- Support for 40+ cryptocurrencies and 30+ fiat currencies
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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