The crypto market continues to rally and hit over $3.5 trillion in market cap on May 14th, with Bitcoin leading the charge. While it’s slightly down to $3.44 trillion today, reflecting a 3% drop, it still presents a 37% increase on a year-over-year basis. As the market surges, with Bitcoin’s dominance at 59.38%, a heated question arises: which cryptos will follow suit and hit $5 first?
Currently, two trending coins are dominating the degens’ conversations: the PI Network and Ripple’s XRP. PI is in the spotlight after the long-awaited ecosystem announcement, and XRP’s on a tear, blasting past $150 billion in market cap, briefly edging out Tether’s USDT as the third biggest crypto by market cap. However, there’s another crypto that’s a likely candidate to hit $5 first: Remittix.
What you'll learn 👉
Remittix and the promise of PayFi revolution: Cross-border payments redefined
Remittix is on a mission; its presale activities and cross-border payment tweaks are getting some degen communities buzzing with excitement. The spotlight and animated discussions on Remittix’s roadmap and listing potential are understandable: it boasts a Pay API for crypto-to-fiat settlements, with zero FX fees, no hidden charges and with the hallmark security of blockchain technology.
Beyond its complex Pay API and use of smart contracts based on the Ethereum platform, Remittix promises an easy-to-use platform that beats traditional fintech apps at their own game. To use, just connect your wallet, add crypto and complete international payments in over 30 fiat currencies and 50+ cryptocurrency pairs. What you send in crypto is what they will get in fiat same-day processing, without the usual worries.
Can PI’s big announcement push it to $5?
PI is one of the top-trending cryptos on the charts, with trading volume at nearly $1 billion and up 19% month over month. This crypto has been pumping in recent weeks, suggesting that its price spike last February 27th wasn’t a fluke.
Then, a few days ago, the PI Network’s official X account teased its 4.3 million followers that a major announcement is in the pipeline.
The devs’ announcement sent the investing community into a frenzy, with speculations focused on a possible Binance listing. Price reacted positively, with PI closing at around $0.6441, indicating a substantial increase from May 7th’s close, at $0.5831. Then, the PI Network’s price surged to as high as $1.57 last May 12th, banking on optimism.
However, it was later revealed that the team ‘only’ launched the PI Network Ventures, a $100 million initiative. The market’s response was immediate; the PI Network’s price dipped by almost 13%.
Ripple’s XRP went beast mode, hits $150B market cap
XRP is one of the best-performing assets in recent weeks, and it’s up 15% from the previous month. Ripple’s native token is currently trading between $2.46 and $2.63 and has been testing $2.60 as a potential support. The crypto’s peak this week was $2.63, pushing its market cap to over $150 billion and even flipped Tether’s USDT for a brief moment.
Currently, XRP’s price has slightly retreated, but optimism is still high within the community. With the SEC finalizing its cases against Ripple and there’s an increasing optimism on spot ETFs approval, many are betting that XRP can hit $3, or even target $5 in the long term.
PI, XRP and the RTX token: Can Remittix pull a surprise?
PI and Ripple’s XRP are two trending cryptos in the market right now, with plenty of catalysts and some community hype. After a negative reception from the community, PI has slightly recovered and has broken from its symmetrical triangle. XRP has slightly corrected as well, after multiple retests of $2.60.
As these two top cryptos struggle to find support before a price surge, Remittix, on the other hand, is stepping on the pedal. The project is nearing the culmination of its presale, with over $15 million raised. With less than 15% of the supply up for grabs, and with the planned adjustment of the RTX price from $0.0757 to $0.0781, it’s never too late to join the presale. And with the historical pump that happens upon official launch, early adopters, including those who’ll buy now, are in for a rewarding surprise!
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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