Top ETH tokens set to lead altcoin season as BTC dominance continues to lose steam
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With Bitcoin’s dominance waning, altcoin season is slowly becoming a reality as some early movers shake up the market with double-digit gains.
Uniswap’s UNI, for instance, just surged 16% in the last month despite a year-to-date downturn of over 38%.
AAVE is also rebounding, with a notable 38% uptick in the last month.
However, out of all these Ethereum tokens, Remittix’s RTX offers the most bullish outlook, having seen its RTX presale token surge by over 400% since the start of the presale.
Remittix is expected to surge over 3,000% on launch.
Uniswap’s UNI shows bullish signals as altcoin season talks soar
Since Uniswap’s bull run of 2021, UNI’s price has struggled to recover back to its ATH, only coming close at the start of this year, when UNI’s price surged to highs of $19.
Image Source: coingecko
From its ATH of $44.92, Uniswap’s current price at $6.07 is a drop of over 86%.
While this precipitous drop in UNI’s price might be shocking, onlookers view it as a potential opportunity for gains should the market trend turn bullish.
UNI’s price has sustained a falling wedge pattern from its $4.92 high of 2021 to its current price, signaling a decisive end to the macro consolidation pattern.
After a prolonged downturn, UNI is once again revealing bullish signals, with its price breaking through a falling wedge pattern.
Could this be an early signal of the altcoin season among Ethereum tokens?
Image Source: Trading View
AAVE registers a breakout as onlookers anticipate $380
At its current price of $242.82, AAVE is down 63% from its ATH of $661, giving traders a wonderful chance to buy the dip and ride the wave upwards as altcoin season nears.
Aave has just broken through a long-term rounding bottom and is showing signs of a cup and handle pattern forming.
Image Source: CoinMarketCap
AAVE is steadily gaining bullish momentum, with its price demonstrating remarkable resilience and strong support, especially when compared to other Ethereum tokens.
Tokenized yield markets are also gaining steam, and with the Ethereum Foundation’s move to secure $2 million from Aave, a bull run for Ethereum tokens in DeFi has never been more imminent.
Remittix’s RTX surges 400% as its presale raises over $15.5 million
AAVE and UNI aside, another Ethereum token on track to register a bull run this coming altcoin season is Remittix’s RTX.
A buzz is already taking root among analysts who see Remittix’s PayFi protocol as a game-changing application that would see RTX surge by 3,000% at launch.
At the moment, RTX is priced at $0.0781, and more than 65% of the tokens are sold to investors who see the practicality of Remittix’s solution and its potential to lead the future of remittances.
Studies reveal that the remittance market could reach a validation of over $250 trillion by 2027.
Remittix’s PayFi protocol works to bridge the gap between cryptocurrencies and traditional payment networks in a move to make its PayFi services accessible to the masses.
Crypto holders can use Remittix to facilitate seamless crypto-to-fiat transactions, and even businesses can accept crypto payments using Remittix’s Pay API.
For investors looking to ride the altcoin season as Bitcoin’s dominance drops, RTX offers a clear win.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
The post Top ETH tokens set to lead altcoin season as BTC dominance continues to lose steam appeared first on Invezz
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