Crypto experts are revising their early SUI price prediction after a $223 million hack of the Cetus protocol, a DeFi platform running on the SUI blockchain. As SUI struggles to regain credibility among traders, the upcoming cross-border payments titan Remittix (RTX) is quickly emerging as the market’s darling.
Let’s examine why analysts extol RTX as the best crypto to buy now for 100x gains; it could help SUI investors get back on their feet!
Remittix features robust security
Remittix is an emerging crypto-powered cross-border payments solution that promises to end the inefficient and costly processes that users face when using traditional remittance services. Its crypto-to-fiat payment network features a cutting-edge financial infrastructure that merges crypto assets with legacy financial systems worldwide.
This clever strategy has enabled Remittix to seamlessly weave the speed benefits of crypto with the convenience of traditional finance, making it hassle-free for consumers to conduct instant international money transfers.
Unlike international bank wires that cost 5-10% and take 2-5 business days to process, RTX transactions settle in real-time at a minimal 1% flat fee, saving users time and money during transfers.
Security-wise, the platform’s smart contract has been audited by BlockSAFU, one of Europe’s leading blockchain auditing firms. Further, Remittix conducts regular audits and comprehensive vulnerability testing to safeguard user funds.
Top market analysts now argue that Remittix’s secure and innovative DeFi payment solution will rise into a dominant force in the $190 trillion cross-border remittances market, returning over 100x to early investors!
The SUI network suffers a security breach
The hack, first detected on May 22, affected the Cetus protocol, a DeFi platform operating on the SUI network, with the attackers siphoning about $223 million.
Luckily, SUI validators flew into action, freezing over 90% (about $162 million) of the stolen funds. This swift action showcases SUI’s proactive efforts to protect user assets within its DeFi ecosystem, even as it works with security experts to recover the remaining funds.
Sui’s price prediction of $10 fades
Before the hack, the SUI price was on a robust bullish trend, rising from its recent low in the $1.7 zone to flirt with the $4.2 resistance zone. Sadly, the negative news created a climate of FUD, sparking a selloff.
While SUI still holds an impressive 230% yearly yield and community sentiment remains bullish at 84%, the asset has collapsed down to the $3.4 region, prompting analysts to revise their SUI price prediction downwards.
Per CoinCodex, SUI is forecasted to post stagnant price action in the $2.3 to $3.4 zone for the rest of the year. Changelly analysts agree, forecasting a bleak outlook for SUI as it circles the $1.9-3.4 region in the foreseeable future.
Investors migrate into RTX
Unfortunately, the SUI price is forecasted to stagnate as investors digest the negative news of the devastating hack of the SUI blockchain. RTX presents itself as a safe and secure option that investors can turn to for more exciting ROI.
Capturing even a small share of the massive cross-border payments market would be enough to push the RXT market cap into the billions, sparking a stratospheric price action for this low-cap PayFi token.
Analysts forecast that RTX could soar over 10,000% this year, hitting $10 faster than SUI. Tokens are selling out fast at $0.0781, so step in right now and load up your wallet!
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
