The Ethereum price hit a downturn in the past few days, and most traders are in a fix as to what that means. Ethereum is coming from a period of price spikes, as there has been significant accumulation on the ETH network.
On the flip side, we have a new PayFi token looking to break into the crypto spotlight. Remittix is on a fast track to making 2,000% gains in the near future, but that’s not the only reason for the hype around RTX coins.
Here’s more on Ethereum and its offshoot prospect.
Ethereum Price: Why Is ETH Trading Under?
Early last week, Ethereum hit a local high of about $4,647, and most traders thought the ETH price surge was finally stabilizing in the green zone. But the Ethereum price is trending even below $4,400 now; what is dragging ETH down?
The cause of Ethereum’s downtrend lately is simple: profit-taking. While some investors were hoping for consistent long-term spikes, many traders were not optimistic. Or they simply wanted to take their profits as soon as they could before a misfortune brings ETH down.
Now, the question has shifted to whether or not the Ethereum price will make its way back to the top.
Ethereum certainly has bullish days ahead, especially with its investment products still outdoing other altcoins. They had over $2.48 billion in inflows for the past week. The current downtrend could even give more traders time to jump on the ETH token before it rises again.
Meanwhile, Remittix is dominating the crypto presale headlines. Crypto folk are anticipating the launch eagerly, and we have some reasons for that.
Remittix: Utilities Meet Hype
The average crypto presale has failed in the past few years because it lacked the utilities to match its hype. Here, we have Remittix, a PayFi project, looking to provide utilities to crypto traders.
And the utilities are set up already. The Remittix Web3 wallet is in development, as it is already in its beta testing phase. The Web3 wallet will allow users to send their crypto assets directly to fiat bank accounts.
That means users will not need exchanges to convert or swap their cryptos anymore. Simply link your wallet to the Remittix DApp and make your withdrawal. Reduced gas fees and ZERO bank charges included.
Remittix Tokens Are Only Ten Cents!
Each RTX coin sells for $0.10, and there’s a 2,000% surge to expect this year. Remittix tokens are a no-brainer, and now’s your chance to get your own ahead of the launch!
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io
Socials: https://linktr.ee/Remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
This article is not intended as financial advice. Educational purposes only.
