As Bitcoin and other major altcoins rally to bump the industry’s market cap to $3.5 trillion, Ethereum remains flat. Ethereum (ETH) is currently trading above $2,600, breaking its nearest key resistance level. Also, the second biggest crypto is still up 42% on a month-over-month basis. Zooming out, ETH’s price has been range trading between $2,225 and $2,500 since May 9th, leading some analysts to offer their respective Ethereum price predictions.
As ETH’s price has remained relatively flat for years, other cryptos enter the conversation. The latest PI Network news suggests increasing token inflows to exchanges, which can hurt prices. Now, a PayFi-themed crypto is inching toward presale that can potentially spoil ETH’s or even Pi Network’s promised near-term ROI.
Digitalization of payments, while considered a driving force for economic progress, isn’t exactly delivering on its promise. Per Piero Cipollone of the European Central Bank (ECB), the massive digitalization of payments has not translated to lower fees. Remittix, with its RTX token, enters the mix with a smart approach to cross-border payments—crypto-to-fiat settlements that aren’t just quick, they’re cost-efficient, with a flat fee.
And since Remittix is built on the blockchain, the platform’s users enjoy security and transparency in every transaction. There’s the ERC 20-standard token, the RTX, which acts as the platform’s foundation. Holders can use their tokens not just for potential trading profit, but also in setting Remittix’s future direction and payment landscape. Remittix’s smart contract is built on the Ethereum chain and has been audited as ‘Very Safe’ by BlockSAFU.
Ethereum has made progress in its recent sideways trading after breaking its key $2,000 resistance level. Now that this barrier is clear, some pundits put their next Ethereum price prediction at $2,720. If this level breaks again, then traders can look for more gains in the next market sessions. A bullish movement for ETH can push it to another resistance zone, at $2,800, or even top $2,850. Also, on-chain data for Ethereum looks good, with smart contract deployment spiking again, then there’s news about its latest Pectra upgrade.
As ETH gradually pushes up, PI is currently struggling with a few negative Pi Network news stories coming its way. PI is currently trading above $0.7382, -4.1% from the previous day’s close, and has crashed by nearly 32% in two weeks. PI dipped below its 50-period Exponential Moving Average (EMA) of $0.7910, and has recently displayed a bearish flag pattern. If the bearish sentiment continues, this crypto may fall to $0.6584.
PiScan data suggests that it may fall with investors and whales moving their tokens to exchanges. On-chain data suggests that addresses have moved $4.1 million tokens into OKX recently, and withdrawals at 2.2 million. There was also a net flow of 721k to Bitget and 2,176 to Pionex.
ETH is an established crypto with a highly efficient chain for smart contracts, and Pi Network is still in its infancy stage. Although ETH can potentially rise to $2,700 in the short term, this only translates to just 4% in growth.
In contrast, Remittix is heating up its presale with programmed price hikes at every stage. The RTX token is listed at $0.0781 and looks at $0.0811 in its next presale stage. With $15.4 million raised so far, and diminishing numbers of RTX tokens for sale before its next leg-up, now’s an opportunity for those looking to get in.
Check out the latest information on the Remittix presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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