January started on a bullish note, but the tune quickly changed as a barrage of sell-offs plunged the market into a mini-bear season. Bitcoin (BTC) and Amp (AMP) have both breached through critical support levels and are currently treading water, with their price structures breaking down as the correction deepened.
Meanwhile, Remittix (RTX) is emerging as a safe haven, prompting investors to rotate funds into the viral presale of its native $RTX token. Let’s explore what this newcomer brings to the table and why analysts are tipping it as the next 25x gem.
Cross-border payments were valued at $150 trillion in 2017 and are expected to reach $250 trillion by 2027. As the world embraces cryptocurrencies, the demand for unifying crypto-to-fiat solutions is growing exponentially. Remittix (RTX) exists at the meeting point between DeFi and traditional payment frameworks, offering seamless transfers across 40 cryptocurrencies and 30 fiat currencies.
Through Remittix, users will be able to perform quick and inexpensive crypto payments and have the funds immediately converted into fiat and then deposited into a recipient’s bank account anywhere in the world.
Businesses can easily integrate crypto through the Remittix Pay API. This is an application designed exclusively for the needs of companies, allowing them to manage payroll with cryptocurrencies and expand their payment options. Experts are already praising this initiative, as it gives businesses the tools they need to stay ahead of the curve and retain a competitive edge in an increasingly crypto-focused world.
At the center of the Remittix ecosystem is the $RTX token, which plays a crucial role in key features such as staking and governance. Users can stake their $RTX and reap recurring rewards for up to 8% APY, while those who want a premium experience can join Remittix’s VIP Program.
This is a membership program that consists of three levels, with Tier-3 investors earning up to 18% APY and enjoying special privileges, such as enhanced governance rights, and a dedicated account manager.
Bitcoin starts off the week in the red as it recorded a 3.5% intraday decline and is currently selling for $91,838. Bitcoin’s cumulative monthly losses now amount to 9% after it failed to sustain the $100k level. This resulted in BTC entering a descending channel, and dragging the entire market into a steep downtrend.
However, as the saying goes, “In a bull run, dips are for buying” and Michael Saylor and company have wasted no time buying the blood. Just a few hours ago, he announced that MicroStrategy acquired 2,530 Bitcoin, valued at around $243 million. This timely intervention reignited optimism within the Bitcoin community, as Bitcoin had reached its lowest price since November.
Amp (AMP) formed a local top at $0.011 in early December. However, after a harsh rejection, its price spiraled, resulting in a significant 38% monthly decline. At the time of writing, Amp sells for $0.006 following a 10% intraday decrease. Meanwhile, 24-hour volume shows a 26% increase, with over $23 million worth of AMP traded across exchanges.
Amp is also a project that focuses on digital payments, but it proposes an interesting twist. Amp acts as a digital collateral token designed to enhance the security and speed of transactions. It works by providing collateral to guarantee the successful completion of transactions, locking up a small amount of value until the transfer is confirmed. Once the transaction is finalized, the collateral is released, ensuring seamless and secure transfers across different platforms. This framework has already piqued the interest of investors, however, with its broader approach and integration of both crypto and fiat, Remittix presents a more versatile and convenient solution.
Hundreds of investors are rushing to secure their $RTX allocation and over $3 million has been raised in record time. The $RTX presale is now live and tokens are on sale for just $0.207. However, this discount window will close very soon, as experts anticipate an 800% surge by the end of the presale phase.
Once listings on major exchanges are finalized and $RTX hits the markets, early adopters could be in for a 25x moonshot. The best time to get involved? Now!
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses
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