The crypto market is in a fix right now, but investors are still out for the best crypto to buy.
One new altcoin is drawing attention with experts tipping it as the dark horse this year, even as XRP and Ethereum have dominated the marketplace for many years.
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This new project has already shown promise to smash past the current crypto giants and is shaping up for the top spots in the market. More on the top altcoins and the new Defi coin in a bit.
Ethereum (ETH) is under pressure with its price dropping almost 11% on Monday. The Ethereum price stayed around the $2,486 mark Wednesday and that dip extended into Tuesday. Ethereum’s next key support level is $2,359, which traders are monitoring.
In case ETH fails to break this level and closes below it, the price might continue its downtrend and test its low of $2,125 from 3 February.
Source: CoinMarketCap
The daily chart Relative Strength Index (RSI) is 36, a rejection from its neutral 50 level. This means bearish momentum remains active and Ethereum could face more downside in case the trend continues.
But a recovery might come if Ethereum can reverse course and break above its Monday high of $2,839. However the bearish outlook continues for now and traders are warned to look for signs of a breakout or, even worse, decline.
XRP is in great hands with Matthew Brienen, COO of CryptoCharged, who’s not shy about saying it might reach four digits. He recently called XRP his most significant investment and thinks the coin has tremendous upside potential in a YouTube video. But can XRP shoot to $10 or $100 within a few years?
Source: CoinMarketCap
Brienen bases his bullish perspective on the XRP real-world application in the remittance industry. He says XRP transfers money worldwide in five seconds and costs much less than conventional systems. This makes XRP a genuine long-term player, a key reason Brienen believes it might reach $100 and $1,000.
Presently, XRP is trading for $2.2, so the market cap might need to rise to about $5.7 trillion to reach $100, an immense leap but one that’s perfectly doable under the proper market conditions.
Remittix (RTX) is attracting interest for its innovative approach to cross-border payments. With its new PayFi system, Remittix blends crypto with traditional fiat, making international transactions simpler and less expensive.
Remittix allows users of over forty cryptocurrencies to transact their assets in fiat currencies like USD, GBP and others. This substantial catalog of supported cryptocurrencies allows for versatility and experienced investors and businesses around the world are already intrigued. With blockchain technology, users also enjoy swift and secure transactions with no hidden charges.
Remittix also boasts an attractive passive income option where users can earn 18% APY when they stake their RTX tokens. Newbie or experienced, it’s an investor’s delight on the Remittix project.
The platform has seen steady demand from investors via its ongoing presale, raising millions in funding. The current presale price of $0.0671 per token presents an ideal chance for early investors to get involved before Remittix launches. Experts predict huge gains for early backers, some 25x return after the presale stages.
Join the future of PayFi with Remittix:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.
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