Disclaimer: This article is a press release and Newsbit is not responsible for the content, accuracy or completeness of the information provided. This article does not form financial advice. Investing in crypto currency or presales entails significant risks, including the risk of losing your full contribution. Always do your own research before you make investment decisions.
The price of Ripple seems to take its time for an increase, since the token went in correction this week. Despite the expected solution to the current lawsuit with the SEC and the hype around XRP ETFS, Ripple does not seem to be on an upward trend.
There can be various reasons why Ripple does not respond to the positive sentiments around the project, but one of them is certainly the competition from Remittix, the emerging Payfi project. The potential of Remittix places it as a top choice for investments, and the use cases attract traders from all over the entire cryptomarkt.
What is new about Remittix, and how is it a competitor of Ripple? We have the answers here – stay informed!
Ripple Labs reaches settlement for $ 50 million fine
The Ripple Labs project has made a settlement arrangement with the SEC, after the solution of the four-year civil lawsuit on the sale of unregistered effects by Ripple in 2020. The SEC initially appealed against a judicial ruling that Ripple exempted in the accusations in the Crypto policy in the Crypto policy in 2023, but has a relative to the Crypto policy in the Crypto policy in the Crypto policy in the Crypto policy in the Crypto policy policy reaches.
According to reports, both parties have agreed to a fine of $ 50 million, in contrast to the earlier speculation of $ 125 million. With Ripple who has withdrawn the counterparts from her side, the case is quickly resolved and the XRP token is almost free to rise on the cryptomarkt.
The news that the SEC dropped the charges last week helped the ripple price to a new peak, since the token reached the $ 2.50 mark last Thursday and marked a weekly highlight before it corrected. Now Ripple is appreciated at $ 2.38, with more than 3% loss in the past week.
However, that does not mean that there are no incentives for a bull trend on Ripple.
Ripple Price forecast: XRP ETFS continue to make up the hype
Despite the fact that the Ripple price is currently benefiting from favorable circumstances on the cryptomarket, the price has not risen according to the expectations of most token holders. The token is in weekly losses, while the possibility of XRP ETF launches is increasing this year.
Polymarket traders place the chance of rapid approval of XRP ETFs at 85%, since Ripple is already looking for a deal with asset manager BlackRock. Between the solution with the SEC and the hype around the Ripple ETFS, there might not be a better time for the Ripple prize to blow back into life.
There is also potential for a decrease, especially if the value of XRP drops below $ 2.34. The analysis of FXstreet shows that the support level is currently at $ 1.97, where possible rebounds are possible. But even with a fall to the support levels, Ripple is still in line for a rally when the ETFS are approved for trade.
And while the Ripple token is struggling with the bears, a new Payfi project has emerged. Remittix (RTX) has a number of things to solve with crypto recordings.
Remittix seems to surpass Ripple in the Payfi Race
The Payfi room has become much more competitive with the arrival of Remittix. Stellar and Ripple previously dominated the sector, while both projects were not exactly adapted for the use of traders.
Banks and other financial institutions are currently using Ripple and Stellar more, because they process large amounts through both block chains. This leaves crypto users with few options for crypto transfers-Remittix comes into the picture.
Remittix will not only offer a payment portal-use case for crypto users; The project is planning to make direct crypto-fiat transfers possible through its APIs. It will be just as simple as transferring tokens from one wallet to another-only a smart contract is embedded in the API to convert the cryptos into the right Fiat currencies.
Essential, the Remittix platform Crypto users will enable to make more use of their crypto assets directly from their hot wallets. Traders can pay goods and services directly from their wallets and money abroad, all without any indication that the transfers come from a blockchain.
Remittix also has a considerable range, with more than 30 Fiat currencies and 40 cryptocurrencies that are supported on the platform, to serve even more traders. The transactions are usually fast, safe and private, and all the benefits of blockchain technology embody. Traders cannot wait to get started with Remittix.
De Remittix Presale Is Live!
RTX coins are currently for sale, where each coin is sold for $ 0.0734. There is potential for presale revenues when you enter early, but the big win comes after the launch of the Remittix platform.
Experts predict 130x returns for the token – that is a run where nobody wants to stand outside. Buy your RTX coins today and anticipate the rally of the token.
Participate in the Remittix (RTX) Presale and Community:
Participate in the Remittix (RTX) Presale
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Disclaimer: This article is a press release and Newsbit is not responsible for the content, accuracy or completeness of the information provided. This article does not form financial advice. Investing in crypto currency or presales entails significant risks, including the risk of losing your full contribution. Always do your own research before you make investment decisions.
Source: https://newsbit.nl/xrp-prijsvoorspelling-legendarische-trader-doet-schokkende-1-voorspelling-houders-draaien-naar-concurrerende-altcoin/
