New Delhi [India], March 10: Market observers have identified a growing market-wide trend with institutional investors and whales leaning towards altcoin projects with actual utility rather than meme projects solely reliant on hype. While the PEPE coin price performance was impressive, especially at the beginning, a new crypto token, Remittix ($RTX), managed to trump this feat. This new crypto has rewarded its early holders with 3.6x returns through its success-filled ICO run.
Analysts have examined the drivers behind these two ascents. Here’s why they believe Remittix is a better bet.
PEPE Coin Price Battles Selling Pressure After Surge
After its launch in 2023 and its rapid rise to fame within two weeks, the PEPE coin price recorded a massive 139,000% surge. Yet, after this surge, the Pepe Coin price has battled the bears, sending the price spiraling ever since. The meme token now trades at around $0.0000007157, way below its ATH but still well above its original market value. The increase and decline in PEPE coin price is unsurprising for market analysts as no substantial ecology or real-world functionality drives its price performance.
According to recent Nansen data, more PEPE coins are on exchanges, which signals persistent investors’ selling pressure. Several PEPE whales are switching their portfolio to other cryptos through exchanges, indicating declining momentum. Combined with the innate volatility of the meme coin market, this selling pressure leaves PEPE coin price prediction in doubt. Investors seeking reliable long-term investment have chosen to turn to projects with more innovative approaches like Remittix.
Will PEPE Coin Price Surge Again?
A substantial part of the PEPE community is still watching closely, following some bullish comments from analysts like CryptoELITES. His recent X post suggests that the meme coin might make a huge move soon, tipping the PEPE coin price to soar by 15x to $1.61.
However, market observers have been quick to call for caution. For them, PEPE price potential is subject to market speculation, which might leave investors out to dry in case of slight complications.
Remittix (RTX) 3.6x ICO Profit Returns Outshines Meme Projects Like PEPE’s Ascent
Remittix (RTX) is also catching the eye of investors across the market with its incredible crypto ICO event success. Notably, this PayFi project has already recorded profits for its early adopters with a 3.62x return. More so, this ICO has raised over $13.7M in funding and is fast moving toward its $15M milestone before the end of March. Most investors and whales are thrilled about Remittix’s prospect and appealing utility.
The Remittix project is poised to take over the cross-border payments industry with an outstanding crypto-to-fiat platform. Here, users can convert over 40 crypto coins to FIAT currencies, including EUR, YEN, etc, making cross-border payments fast, affordable and seamless.
This project caters to the needs of those in unbanked communities, bringing seamless cross-border payment processing to them. Statista reports show that 7% of the US is unbanked. Remittix is here for these millions of users.
Remittix’s staunch supporters have accumulated this token, and more investors are now buying en masse. Investing in this DeFi coin will also afford you governance voting rights and up to 8% staking rewards. These utilities and privileges explain why over 515M RTX tokens have been sold in the ongoing crypto ICO.
RTX trades for just $0.0734 but not for long. This DeFi coin price is set to soar to $0.0757 once the next block of tokens is available for sale. Once the presale ends and Remittix hits Tier-1 CEX with token listings, early investors are set to enjoy a massive profit rush.
Discover the future of PayFi with Remittix by checking out their presale here:
(Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.)
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