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Remittix raises $3M in presale, poised for 10x growth, rivaling Shiba Inu and Dogecoin in the $190T PayFi sector.
There is a new player in the crypto space that could rival the performance of Shiba Inu (SHIB) and Dogecoin (DOGE). The name is Remittix (RTX). As a PayFi industry leader, Remittix has a low market cap and is linked to the cross border payments sector which is worth over $190 trillion.
Remittix has gathered over $3 million in presale, this indicates that investors believe in the platform’s success. This DeFi cryptocurrency could surge by as much as 10x this quarter.
Shiba Inu Forms a bullish pattern
The Shiba Inu coin is currently in a falling wedge formation. A cryptocurrency analyst called $SHIB KNIGHT made this discovery recently noting the meme coin has formed a bullish pattern. Looking ahead, CW predicts that the Shiba Inu crypto price could hit $0.00041.
He noted that the meme coin has shown great strength remaining above the $0.00002 support. In the meantime, the Shiba Inu price has increased on the weekly timeframe. CoinMarketCap data indicates a price gain of about 5.1%.
The coin’s value has remained above a key support level since the beginning of this year. In other news, Shiba Inu’s Shibarium has achieved more milestones. Firstly, the number of total processed transactions has crossed 800 million. Also, the total number of wallet addresses has crossed 2 million, signifying a huge influx of users.
Dogecoin price soars on weekly level
The Dogecoin token is showing positive movement on the seven day chart. CoinMarketCap data shows the value of the DOGE coin has soared by 11.6%. If the momentum continues, the value of the cryptocurrency could cross $0.4.
Meanwhile, Ether Wizz notes that the Dogecoin crypto is about to break out of a descending trendline. The analyst notes the memecoin is about to go parabolic. He forecasts a potential target of $1 in the coming months.
Also, another analyst called the CEO predicted that the Dogecoin price could rally to $3. According to him, the cryptocurrency is mirroring a historical trend pattern from 2021.
Interestingly, the same expert had forecasted the value of the Dogecoin token could soar to $0.54 by February. In the meantime, the sentiment around DOGE is positive.
Remittix set to change cross-border sector with efficient transactions
Remittix is a payment platform that connects the world of cryptocurrencies and traditional financial systems to provide efficient cross border money transfers. With an option of exchanging over 40 cryptocurrencies for fiat, Remittix allows users to transfer funds to any bank account globally.
This process also makes it possible for the recipients to get their money in the preferred fiat currency without any contact with the cryptocurrencies, making the process more convenient and easy to use. One of the main aspects of Remittix is its PayFi ecosystem which helps to make international payments faster, more secure and cheaper while converting cryptocurrencies to fiat money.
Payments are made immediately and there is no need for third parties, which lowers the costs compared to conventional banking. This efficiency is especially helpful for businesses and individuals who need to understand the intricacies of international finance. Remittix also has a Pay API that allows businesses to accept crypto payments and convert them into fiat.
This feature offers merchants the ability to manage their financials and accepts over 30 fiat currencies and over 50 cryptocurrency pairs. Since launching its blockchain ICO, Remittix has received much attention from the members of the cryptocurrency community. It has sold over 170 million coins and is now priced at $0.0207.
Remittix set to outshine top meme coins
Although Shiba Inu and Dogecoin have made their impact on the crypto market, the focus is now turning to top DeFi projects like Remittix which have utility and long term growth potential. The project’s cross border payment feature and investors interest could push its value to new highs in the months ahead. Such potential could make it a good crypto to buy.
To learn more about Remittix, visit the website and its socials.
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