Bitcoin and Solana Prices Slide As Investors Flock To Ethereum To Participate In The Best Crypto Presale In Years
Bitcoin and Solana Slide, but Investors Bet Big on Ethereum’s Hottest Presale—Is Remittix the Next Crypto Boom?
Ethereum has built a reputation for hosting successful token projects in the past decade, offering them a platform and the credibility needed for quick growth. Now, while the Bitcoin and Solana prices grapple with bearish trends from US crypto policies, users are back to Ethereum for an escape.
As usual, the best crypto presale is about to launch on the ETH blockchain. Remittix is one project that offers a use case that could unite DeFi and conventional financial systems globally. The expected user traffic could be a goldmine for investors.
The Solana price is down and Bitcoin is facing bearish downturns; here's more of what Remittix intends to offer.
Bitcoin Reserves Won't Be Adding More BTC
The past week saw much drama on Bitcoin's charts, as the Futures pricing rose above $90,000 only to dip below $88,000 after only hours on Friday.
The cause for such erratic price movement was US president Donald Trump's executive order to establish a Strategy Bitcoin Reserve, as captured in the news late in the week. The rise to about $90,000 followed the news, as Bitcoin and other DeFi traders thought it was the start of a crypto boom.
However, federal agencies clarified that the government will not buy new BTC coins. Apparently, the government will get the Bitcoins for the proposed reserve from its existing stash. That's one reason the bears are closing in on the Bitcoin price.
Bitcoin is trading at around $82,500, down about 9% in the past week and still a long way off its weekly peak of about $95,000.
Solana Price Hits Downward Spiral: Why?
Most of the top altcoin prices, like the Solana price, experienced token chart movements similar to Bitcoin's last week. Trump's initial statement implied that the Strategy Bitcoin Reserve was to include top altcoins, causing a spike in the value of Solana, Ripple and some top DeFi coins.
With the follow-up post clarifying the details on the Bitcoin reserves, Solana and the other top altcoins started to dip in value. From almost touching the $180 resistance level, the Solana price is back at the $138 level.
The reason for the dip is also quite simple. The Strategic Bitcoin Reserve will be restricted to just BTC tokens instead of accommodating other altcoins. With the hopes for a crypto boom already dashed, crypto folk are already searching for better investment options in the best crypto presale on the block.
Sure, the White House Crypto Summit is coming up soon, but there's little hope for a policy change. Remittix (RTX) is where most traders are focused now.
Remittix: Straightforward Pathway to Crypto-Fiat Transfers
Some traders might expect news of an immediate ROI to gain from the ongoing Remittix presale, but DeFi coins don't play that way. Sure, getting into the presale early means there's some return by launch day, but that's not the point of the Remittix project.
The platform seeks to enable crypto traders to liquidate their assets into fiat accounts for immediate use easily. For example, payment for online courses or clearing a cart while on some online shopping is now possible directly from a crypto wallet.
The procedure is simple. Remittix already supports the most popular crypto assets and the most traded fiat currencies globally. In other words, the average crypto user cannot be without withdrawal options on Remittix.
The first step is to input the recipient's fiat account details and the amount of crypto to be sent. The Remittix API then calculates the gas fee required for the transaction and adds it to the amount to be sent. Gas fees are all the extra you'd be paying for.
Once the transaction has been approved, the smart contract on Remittix converts the crypto into the appropriate fiat currency and resolves the transaction in the fiat account. One more thing about a Remittix transaction no one ever knows: it all started on a crypto blockchain.
Remittix Tokens Are Up for Sale Now
RTX coins cost only $0.0734 now and as stated earlier, the project's attraction is its long-term gains. Remittix is about to become a go-to for crypto withdrawals and the RTX tokens will only rise with increased demand.
Get yours now, and remember to hold even after launch day for the big gains!
Join the Remittix (RTX) presale and community:
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