It has been another volatile week in the cryptocurrency market, with the ongoing capital rotation. Cardano’s price is trying hard to stay afloat as retail and whale investors are liquidating and investing in other projects.
Simultaneously, Pi coin news reported the same trajectory on the ecosystem, and investors have sought higher potential opportunities. Despite this pullback in Cardano price and a bearish Pi Coin News, a PayFi solution, Remittix (RTX) has taken the center stage with its presale gaining massive momentum worldwide.
ADA (once referred to as the Ethereum killer), however, in recent times, it has struggled with its momentum. Although Cardano has been experiencing a steady growth in its ecosystem (such as smart contract upgrades, scaling projects, etc.), it has yet to maintain a bullish trend.
Seasoned crypto analyst, Ali Martinez reported that the drop in Cardano price is sponsored by whale selling pressure. He reported that 30 million Cardano were sold by whales in the past week.
Recent price chart shows that Cardano’s price action is converging, yet the absence of buyers and whales is causing a bearish outlook.
Earlier this year, Pi Coin news drove the headlines, and many early adopters were optimistic for listings that could see their mobile-mined coins turn into huge profits. A few weeks and months later, enthusiasm has considerably decreased.
While Pi Coin has launched the mainnet, its price action has not been encouraging over the months, which casts uncertainty among retail investors and analysts.
Remittix (RTX) is a PayFi solution built on the Ethereum blockchain to facilitate cross-border crypto-to-fiat payments. Users send cryptocurrencies deposited directly to recipients’ bank accounts in 30+ countries.
The PayFi star offers more; recipients do not need a wallet or deal with cryptocurrency. Remittix does the FX conversion, and fiats are deposited directly to their bank account across 30 countries.
Remittix has raised over $23.6 million in presale, with 643+ million RTX tokens sold out of the 750 million available.
Presale Highlights:
Regarding the best crypto presale to buy now, Remittix (RTX) ticks every box.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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