Investors are seeking early-stage projects that can outperform the market as the cryptocurrency market struggles. This search has increased demand for real-world applications with lasting impact. One such project gaining attention is Remittix (RTX). By integrating cryptocurrency with the traditional banking system, Remittix enables users to convert digital assets into fiat instantly and transfer funds directly to bank accounts worldwide.
This functional and scalable solution has drawn interest from investors, driving the Remittix presale beyond $13.7 million, with tokens currently priced at $0.0734.
Ethereum Outflows Rise as Remittix Gains
Ethereum experienced one of its highest weekly net outflows from exchanges last week after dropping to the $2,000 psychological level. Data from IntoTheBlock indicates that crypto exchanges recorded approximately $1.8 billion in ETH net outflows, marking the largest weekly total since December 2022. Increased exchange net outflows typically signal heightened buying pressure, while inflows suggest selling activity.
The rise in buying near the $2,000 mark points to potential recovery for ETH, yet selling pressure from institutional investors continues to weigh on the broader crypto market. This is reflected in US spot ETH ETFs, which saw a net outflow of roughly $94 million last week, according to Coinglass data. On the other hand, Remittix has seen continued momentum in its presale.
Remittix (RTX) has gained notable attention in the crypto community for its practical use cases. Focusing on remittances and established industry partnerships, RTX is positioned as a potential challenger to more established cryptocurrencies. Remittix (RTX) aims to improve cross-border payments by addressing inefficiencies like slow transaction times and limited access for the underbanked.
Solana’s Revenue and TVL Decline
Solana’s network revenue and total value locked (TVL) have sharply declined over the past two months as interest in memecoins has faded. Weekly network revenue peaked at $55.3 million in mid-January during the memecoin minting surge but has since dropped 93% to around $4 million, according to DefiLlama data. Decentralized application (DApp) revenue on Solana has also fallen 86%, from $238 million in mid-January to $32 million last week.
Meanwhile, DeFi TVL on Solana has nearly halved, dropping from over $12 billion in January to around $6.4 billion. Solana’s price has mirrored this downturn, with SOL falling 59% from its mid-January all-time high of $294. The token was trading at $119 at the time of writing. Investors looking to benefit from the expected pro-crypto trend in 2025 may find Remittix (RTX) a compelling alternative.
Remittix provides a seamless crypto-to-fiat transaction solution, prioritizing simplicity and privacy. It allows users to convert over 40 cryptocurrencies into fiat for direct bank transfers, enabling fund movement without disclosing its crypto origins. This functionality appeals to individuals and businesses, leveraging blockchain technology and local payment networks to merge the efficiency of crypto with the accessibility of traditional banking.
Remittix A Promising Investment
The widespread utility of Remittix within the multi-billion dollar global payments sector has led analysts to project a multifold price increase after the presale phase. For investors aiming to stay ahead in 2025, this next-generation PayFi protocol is a key project to watch. The public presale targets raising $36 million. Remittix has locked its liquidity pool and team tokens for three years to strengthen investor confidence.
The project has also completed a full smart contract audit with no reported issues, reinforcing its commitment to security and transparency. The RTX token will be listed on top centralized exchanges following the presale.
Additionally, Remittix will renounce its smart contract post-presale, granting full governance to the community and token holders.
Final thoughts
This paper provides an overview of Remittix (RTX), highlighting its potential to revolutionize the bitcoin market by addressing the inefficiencies of cross-border payments and bridging the gap between cryptocurrencies and conventional banking. Emphasizing the practical use cases—especially in remittances—as well as the great demand for real-world applications in the crypto realm, especially given market volatility, already surpassing $13.7 million, the presale performance demonstrates investor enthusiasm in the initiative aiming at smooth crypto-to-fiat conversions.
The paper draws attention to difficulties with existing cryptocurrencies when contrasting Remittix with Ethereum (ETH) and Solana (SOL). While Solana has experienced a notable drop in network income and total value locked (TVL), which makes it less appealing to investors, Ethereum is under institutional selling pressure even with indications of possible recovery.
