Ethereum losing its shine: whales dump ETH for explosive Remittix gains

2d ago•

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The Ethereum ETFs have been driving the token upwards for over a month now.

News and hype around the exchange products have seen more investors hop on the Ethereum blockchain, raising the ETH price further towards its ATH.

The token came close, but traders have now taken profits, investors are weighing their options, and Remittix is looking more attractive by the day. That’s what 100x potential gains can do.

RTX is launching soon; watch out for the next 100x crypto!

ETH price decline: what’s pulling Ethereum under?

Ethereum has been on the front foot since the start of July, picking up pace from BTC’s surge at the time.

Soon, institutional traders took long positions on the token, raising the ETH price even further.

The ETFs were the next boost Ethereum needed to maintain its stellar run, as its ETFs experienced three weeks of massive inflows.

Investment funds and asset management bought into the 9 Ethereum ETFs, and that only had a positive effect on the ETH price.

So, with sustainable measures like that, what has pulled the ETH price from $4,759? Simply put, profit taking.

Some price correction over the weekend spooked a few traders, and they started a sell cycle that has seen Ethereum decline by over 5% on the 24-hour timeframe.

Investors and traders are rethinking their Ethereum holdings at the moment, as the ETH price coast around $4,300. If a decline is on the way for Ethereum, no one wants to be caught in the red.

Especially when there’s a better option in a new token. Remittix is offering massive potential for a spike, and the RTX platform is looking to launch in Q4.

Before the presale, here’s more on the project’s utility.

Remittix: what is it all about?

The Remittix project is launching in the middle of the DeFi business, and it will be disrupting the rankings soon enough.

There will be a bridge linking crypto assets in wallets to fiat bank accounts, and Remittix will be behind it.

It is the central aspect of the Remittix project, as it seeks to make crypto payments a global phenomenon.

Starting from traders, Remittix is making it simpler and more straightforward to transfer tokens into fiat accounts.

Remittix is also gaining global coverage, as it already supports 40+ cryptos and over 30 fiat currencies.

The Remittix Web3 wallet, where the crypto-fiat bridge will be located, is under development (from funds from the presale) and in the beta testing phase.

Several exchanges are listing the RTX coins too; BitMart Exchange is the latest to add Remittix to its token list.

There will be more to follow, especially as launch day draws near. And with that, a significant rise in RTX token value.

That’s even more reason for you to get your RTX tokens now.