Avalanche (AVAX) Set To Provide Fierce Competition To Solana (SOL); Remittix (RTX) To Blow Both Away With Parabolic Rally
The crypto market is poised to enter its most euphoric phase yet, with Avalanche (AVAX) gearing up to challenge Solanas dominance in the Layer 1 landscape, driven by major technical upgrades and surging on-chain activity.
However, a newcomer could soon outperform them both as it taps into the relatively underserved market of crypto-to-fiat transactions, delivering a unifying payment solution. Discover how Remittix (RTX) could become the new industry standard and yield life-changing gains along the way.
Remittix And The Future Of Cross-Border Payments
Established providers like MoneyGram, Western Union, and Wise have pioneered cross-border payments, however, they have one major blind spot. The lack of dedicated crypto-to-fiat options could soon make them obsolete in a world thats embracing cryptocurrencies at an unprecedented rate. While they do integrate crypto to some extent, their services are often clunky and needlessly expensive.
Remittix, on the other hand, is entirely blockchain-based, meaning lightning-fast and inexpensive transactions and a greater degree of transparency. Through its cutting-edge PayFi platform, Remittix allows for frictionless crypto-to-fiat transactions by integrating 40 major cryptocurrencies and 30 fiat currencies. Users will be able to send crypto and have the funds automatically converted into fiat at the best possible rate, without any hidden fees or needless hassles.
One of Remittixs main goals is the democratization of finance. This means that people living in territories with subpar banking infrastructure will be able to send and receive money with a quick screen tap, sidestepping local limitations. Not only does Remittix accelerate crypto adoption in disadvantaged areas, but also emerges as a champion of financial inclusivity and independence.
At the core of the Remittix ecosystem is the utility token $RTX. The token powers the payment network and other essential functions such as governance and staking. Holders will have the opportunity to earn up to 8% APY in the form of recurring staking rewards, and those who want to supercharge their earnings can opt for the Remittix VIP Program. This is a three-level premium membership that will grant greater returns, access to special privileges like enhanced governance rights, and a dedicated account manager.
Avalanche Targets $50 Milestone
Over the last week, Avalanche (AVAX) has surged by more than 10%, and at the time of writing, it sells for $39.79. Avalanche is currently teasing a breakout from a descending triangle pattern, supported by bullish momentum and a positive crossover of the 20 and 50 SMA lines. A rally beyond the $40 psychological resistance could target Fibonacci levels at $44.71 and $51.09.
Furthermore, on-chain data highlights strong support zones and increased network activity, suggesting sustained growth potential and revamped investor participation.
On the technical front, Avalanche continues to make strides, as it recently launched the AVAX9000 upgrade. This upgrade has revolutionized the Avalanche ecosystem by enabling the seamless and cost-effective creation of new Layer 1 chains with enhanced interoperability and unlimited scalability, strengthening the entire network. Furthermore, AVAX9000 also expands Avalanches reach into the RWA-tokenization space (Real-World Assets), which is poised to become one of the hottest narratives of the cycle.
Solana Consolidates On Higher Levels After Major Rebound
Solanas recent recovery to $200 has sparked speculation of a rally above $220 in the upcoming days, supported by increased trading volume and bullish technical indicators. However, investor confidence remains shaky, with profit-taking and volatility likely as Solana has retraced almost immediately after testing the $215 resistance level
However, the 4.5% increase in Solanas Open Interest suggests that market participants are eager to take bigger risks, but sustained momentum depends on holding the critical $200 support. The daily RSI is sitting at 55 points, indicating that Solana is entering an upward trajectory although a certain indecisiveness can still be perceived, and further confirmation is needed. This means that the Solana price will continue to hover around these levels as it progressively gains traction. At the time of writing Solana trades at $208, following a 2.6% intraday increase.
Discover The $RTX Presale
Over 180 million of the 750 million $RTX tokens available have been bought up during the ongoing presale, raising more than $3.3 million. Right now, $RTX tokens are selling for just $0.0217, but this price point is not expected to last much longer as demand is through the roof. By the end of the presale alone, analysts project an 800% increase, and once $RTX is available for trading a 50x multiplier could be in the cards.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Text source: TronWeekly
