Ethereum, the second biggest crypto by market cap, has shown significant volatility in recent weeks. On May 20th, ETH was up 7%, hitting $2,559, driven by a friendly market environment and increasing network activity. As of this writing, ETH’s price is trading between $2,530 to $2,560, down by 1.4% from yesterday’s close and -5.6% from the previous week.
ETH’s recent volatility led many to provide insights on its price performance in the near term: can it break its $2,600 resistance level and hit an extended bullish Ethereum price prediction at $2,800? Or AAVE, the popular DeFi protocol, which is up by a massive 78% on a month-over-month basis and another crypto in presale ends up with a bigger ROI in the near term?
Remittix: Ready to Blow Up the Old-School Way of Sending Money
PayFi has been a fast-growing industry for years, as governments look for ways to reach the unbanked and improve cross-border payments. However, challenges remain primarily due to the high costs of transfers, plus a lack of transparency.
Remittix enters the picture with the PayFi roadmap that aims to revolutionize payments online: crypto-to-fiat transfers that are fast, with zero FX fees and no hidden charges. Its Pay API leverages the blockchain to allow crypto-to-fiat settlements with fast and secure payments backed by the blockchain’s transparency.
Remittix’s PayFi isn’t just for the individual user; it’s built for business: owners can set it on the Remittix platform or through the API. The RTX token, with its ERC-20 standard, is the API’s foundation, with an Ethereum smart contract that’s been rated ‘Very Safe’ by Blocksafu.
Ethereum Price Prediction: $2,800 An Extended Bullish Projection
ETH needs to break its $2,600 resistance level
Ethereum’s price action has been erratic in the last two weeks, with trading volume ranging from $21 billion to $35 billion during the same period. Price is down 7 percent from the previous week, but +55% on a month-to-month basis. Analysts have outlined a few near-term price targets and catalysts for the world’s second biggest crypto.
A bullish Ethereum price prediction puts it at a range of $2,750 to $2,900 in the near term. To do this, ETH must break out at its resistance level at $2,600. However, some analysts predict a potential correction in ETH’s price, dipping to around $2,263 by May 25th.
AAVE: Can This DeFi Player Sustain Its Run?
AAVE is +165% on a year-over-year basis
As of May 21st, AAVE is trading between $256.21 and $267.44, showing a slight decline from the previous day’s close. With a trading volume around $648 million, AAVE has shown resilience in the last two weeks, even beating ETH’s performance with its +80% month-over-month growth. Many analysts are pointing to a price increase for this DeFi token in the near term, pointing to $300 as its next target.
Also, the latest derivative data analysis from Coinglass validates the bullish action from AAVE. According to the analytics site, the AAVE derivatives’ volume surged by 103.56%, for a value of $2 billion, while open interest increased by 53.61%, or a value of $583 million.
ETH, AAVE or RTX: Can Remittix Outperform these Popular Tokens?
ETH and AAVE posted impressive growth in recent weeks, but are currently trading in a range and may potentially correct first. Remittix, on the other hand, is still in presale but due for a potential price explosion upon listing.
Currently, the RTX token sells for $0.0781, with the next price increase set at $0.0811. Early adopters who got in at $0.015 are already looking at a 400% upside, plus the prospects of ‘Coinbase effect’. With a few weeks left before listing, plus more price increases, now is the right time to jump in and get your share of RTX tokens!
Discover how Remittix will change cross-border payments:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
