How can Remitix Stellar (XLM) and Ripple (XRP) compete for a share of the $190 trillion payments market?
Both Stellar (XLM) and XRP saw lower gains in the past one day, rising 1.9% and 0.5% respectively. But their weekly gains are even more impressive, with XLM registering a 7.5% gain and XRP up 23.7%.
Meanwhile, the RTX token, Remittix's native currency, is set to launch on major exchanges, a project that will revolutionize the $190 trillion cross-border payments market. Expert analysis sees this token as a competitor to XLM and XRP with many use cases.
Stellar (XLM) consolidation following bullish breakout
XLM broke out of a breakout pattern on January 15th. However, the coin has been strengthening since then, with long-term holders accumulating more tokens, according to Coinglass' on-chain analysis. Also, netflow analysis shows that $20 million worth of XLM has left exchanges in the last three days. This significant outflow, following a bullish crash, is considered a good opportunity.
Meanwhile, price history and technical indicators show that the XLM daily candle could close above the $0.50 level for a 25% gain to $0.65. Stellar is currently trading at $0.4572 after an impressive 34% gain over the past month. The Relative Strength Index (RSI) also shows that the signal is below the overbought zone, providing opportunities for an upward move. However, reaching this price point may depend on the general market trend.
XRP rallies among bullish indicators
According to expert analysis and chain parameters, the price of XRP can go higher than the current price by $3.10. LbiDefi, an independent market analyst, pointed out that XRP's RSI has broken out of the main 50, a move that is usually the first sign of a downtrend. Also, the token has regained its daily moving average ribbon, which is indicative of a bullish price action.
On-scale's voice also came out, reinforcing the sight of the knee. “XRP's technical charts look exceptionally promising,” said LbiDefi. Another commentator added to his optimism. XRP is predicted to reach new highs of $10.22 and $18.22 in the near term, which is a significant increase from current levels. The 600% rise to $3.40 since November provides the basis for future moves.
Several reasons for bullishness include the green light for the XRP ETF. The growing demand for the first time XRP surpasses Bitcoin in Google search trends. Additionally, regulatory transparency and increased adoption in the United States may contribute to XRP's rally.
Will Remittix Rival Stellar XLM and Ripple's XRP?
XLM and XRP are among the tokens with multiple utilities. Remittix follows suit by combining blockchain technology with traditional financial systems to change how global payments work. The Remitix platform allows users to convert digital currencies like Bitcoin into fiat currencies like dollars and euros and supports more than 40 cryptocurrencies. This creates a faster and cheaper alternative to traditional systems like SWIFT, which are often slower and more expensive.
Among its many benefits is Remittix's open pricing. Unlike other providers, Remitix uses a flat payment method that includes hidden fees to ensure that the recipient receives exactly what was sent. People and companies looking for credibility and transparency in their transactions will benefit from this.
Use cases for businesses in particular are how Remitix offers a valuable alternative to global payroll. Businesses can pay staff members cryptocurrency, the platform converts that to fiat and deposits directly into staff bank accounts. This simplifies international operations, reduces transaction costs and eliminates the complexity of common cross-border payments.
Another use case that makes Remittix rival XLM and XRP is security and user control reasons. Eliminating outside involvement allows the platform to provide users with complete transaction control.
Also ensuring a safe and secure system are audits conducted by reputable companies such as Solidproof and BlockSAFU. The group has suspended its tokens for three years to demonstrate its commitment to long-term stability and build confidence.
Speaking of the RTX token and why its value is higher than XLM and XRP, the coin in the ongoing token presale has raised over $3.7 million. This means that more than 2 million tokens are currently sold at a price of $0.0221. Given its limited supply of 1.5 billion coins, RTX will appeal to driven traders. In the year By 2025, experts estimate that the value could explode and deliver returns of up to 100x.
Key investors for this project have seen more than 100%. Meanwhile, the token is set to increase in price in a pre-sale before the listing, giving anyone who buys this amount a 200% increase before the listing. Likewise, the Remitix ecosystem offers everyone a great approach to embracing the future of global transactions.
Discover the Future of PayFi with Remittix Check out their pre-sale here:
Website: https://remittix.io/
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