The crypto market is highly competitive. Bitcoin (BTC) and Ethereum (ETH) are the only constant fixtures in the top 10 coins list. The remaining positions are in a state of constant flux. So, it’s not out of this world to see Remittix (RTX), an XRP-styled crypto rising through the ranks. As this breakout star builds momentum, word on the street is that it could challenge and even oust Cardano (ADA) or Dogecoin (DOGE) from their elevated positions.
Why Remittix is heading to the top
When it comes to real-world utility, several crypto projects are severely lacking. But Remittix begs to differ. A cross-border payment solution like XRP is quickly gaining traction, capturing the attention of both new and veteran crypto enthusiasts.
This is because Remittix goes a mile further than XRP. Instead of dealing with crypto only and operating in institutional corridors, Remittix appeals to both retail users and merchants as well. It allows anyone to send crypto as fiat, right from their crypto wallets, to bank accounts worldwide.
RTX: The Presale You’ve Been Waiting For | Remittix Review
Even more, Remittix’s presale has been wildly successful. Launched earlier in the year, it has sold over 500 billion tokens and raised more than $15.4 million without the aid of venture capitalists. The token is currently going for $0.0781, which is more than affordable for the average investor.
Remittix’s major goal is to increase access to cryptocurrencies for all and sundry. It delivers institutional privileges to everyday users and is only just starting. By the time this project concludes its presale and hits the exchanges, no one will be able to stop it.
Dogecoin price rally stalls
At the beginning of May, Dogecoin experienced a surge that coincided with Bitcoin’s spurious rise to a new all-time high. The bullish market sentiments pushed Dogecoin above $0.24, but a sharp correction sent it back towards $0.22.
Dogecoin has struggled with momentum in the last month. Source: Coingecko
Dogecoin has struggled to break this resistance level of $0.24 since that time. It has traded mostly in a straight line, with support established around the $0.21 to $0.22 levels. With altcoin season finally here, Dogecoin price could resume its upward trajectory. But that doesn’t stop other coins from overtaking or ousting it from the top 10 list.
Cardano bulls quietly regroup
Cardano’s price action has been underwhelming ever since allegations of fund embezzlement were leveled against its founder, Charles Hoskinson. ADA has dropped from over $0.80 to its current price level of around $0.75. But an analysis of its chart suggests ADA bulls might be regrouping.
Source: Coinmarketcap
The trendline from April’s $0.55 low bounces off $0.74 and is carving higher lows. Shrinking pullbacks also hint that a bullish outbreak might be on the horizon. A decisive close above $0.80 on the 4-hour chart could crack the channel lid and propel the ADA price towards $0.85, with $0.9 and $1 within grasp.
Can Remittix overtake ADA and DOGE?
Absolutely. In the crypto market, anything can happen. While Dogecoin and Cardano might be bigwigs today, it doesn’t guarantee they’ll be in the top 10 tomorrow. Upcoming gems like Remittix pack enough revolutionary force to oust them from their positions.
The good news is that RTX is still in the presale stage. By the time it becomes a crypto bigwig, appreciates by 100x, and climbs into the top 10, its current price of $0.0781 would look like a steal.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
