Bitcoin, the largest cryptocurrency by market cap, has fallen considerably for the first time this year, stirring concern for investors and analysts alike. Speculation within the industry is that Bitcoin’s dominance could be over, and its price could free fall to peak bear market levels.
Regardless, Bitcoin’s price fall is a warning for investors to diversify portfolios through investments in top-rated altcoins for a future bull run. Crypto whales have begun purchasing cryptocurrencies, such as Ripple, Cardano, Hyperliquid, and Remittix, in preparation for a future altcoin season.
Ripple and Cardano are strong candidates for an exchange-traded fund approval, and one of the best performers among decentralized exchanges in the last six months is Hyperliquid. There is a new coin in the PayFi sector, and that is Remittix, one that, according to analysts, can become the next 100x altcoin.
XRP’s Price Freefall Continues
It might have been a new month, but new doesn’t work when one talks about XRP’s issues. The XRP price kept dipping this month despite many positive improvements in Ripple’s platform.
However, there could yet be a price correction in store. Recently, venture capital firm Grayscale filed with the SEC to convert an XRP Trust into an ETF. Canadian regulators have taken a move towards getting approval for a first-ever XRP ETF in a spot format.
Any kind of ETF approval would likely be good for the XRP price, making it one to keep an eye on for investors.
ADA Price Falls After Brief Rally
Analysts have confirmed that ADA is one of the best altcoins for the next bull run. Analysts’ remarks are in spite of the fact that ADA’s price has fallen considerably despite a recent price rally. ADA is trading at less than a dollar and can go even below that in a week or two.
However, with future ETF approval and future network improvements like the Plomin hard fork in the pipeline, investors will feel a price correction is in store for the altcoin.
HYPE Endures Price Correction
Hyperliquid’s HYPE token is by far one of the largest DEX tokens in the industry. It surged to all-time highs last year after its launch and is currently trading at over twenty dollars. The recent strength it has shown in the crypto crash means many crypto enthusiasts are eyeing it as one of the best altcoins for the next bull run.
Although it had a decent January, HYPE’s price is now in freefall in February. However, analysts believe the token is underpriced and will go on another price surge when the bull run begins due to the demand for fast, affordable exchange services.
Remittix Closes in on $36 Million Target
Although it only went on presale a few weeks ago, new crypto Remittix has already raised over $10.6 million and is on course to hit its $36 million target over the next couple of months.
The presale token has impressed crypto investors recently. Remittix’s position as first mover in the new ‘PayFi’ industry makes it an ideal contender for investors ahead of the bull run.
Remittix enables crypto-to-FIAT payments, allowing users to pay using crypto and receivers to get their payments in FIAT. Over 40 cryptocurrencies and FIAT currencies are supported on the platform.
Conclusion
Bitcoin’s price has dropped considerably over the last few days, prompting rumors of a potential altcoin season. Investors could now throw their weight behind altcoins like XRP, ADA, HYPE, and RTX.
RTX, in particular, has become a popular choice for investors over the past couple of weeks due to the new crypto’s potential to become a category leader in the PayFi industry.
Check out their presale and community now!
Website: https://remittix.io/
Community: https://linktr.ee/remittix
DISCLAIMER: This article is not intended as financial advice. Educational purposes only.
