Ethereum is becoming increasingly scarce on the crypto exchanges, reaching its peak since November 2015. It could mean that the holders are skeptical about releasing their ETH tokens. Such moves are also aimed at driving the Ethereum price upwards and after so long, it seems to be working finally.
Stepping over Ethereum and its price issues, there’s a new DeFi project that will soon launch on the ETH network too. Remittix is offering features that allow users to directly liquidate their crypto assets into fiat bank accounts, all at improved efficiency and reduced costs.
Traders will get more value for their crypto-to-fiat transfers and investors can always benefit from the traffic on the Remittix platform. Here’s what we have from the developers.
Ethereum Price: What’s Driving The ETH Tokens?
The Ethereum price has spent most of the new year in the bearish zone, more because the sentiment around the token dipped in the face of more trendy project launches. But while traders have been indifferent to the Ethereum token, investors and ETH holders have held on to their token deposits.
And, for the most part, they didn’t end it by simply holding onto ETH coins. Data shows that the whales have been accumulating ETH coins since December, effectively reducing the supply of Ethereum tokens on crypto exchanges.
Now, there’s only about $8.97 million worth of ETH coins on the crypto exchanges. In less than three months, Ethereum lost over 45% of its value, trading as low as $1899. The Ethereum price is back stronger, however, as it has crossed its two-thousand-dollar resistance.
What’s The Future Like for Ethereum?
The Ethereum price has been in an uptrend for about a week now, peaking at $2,100 early on Monday before correcting. The token currently trades at about $2,081, some 9.48% over last week’s starting price.
Whale accumulation and the subsequent scarcity of ETH tokens on the crypto exchanges caused the Ethereum price surge and the token doesn’t seem to be ending its bullish streak soon. Even better, institutional traders can now stake their Ethereum ETFs directly.
That development is set to reduce the ETH tokens available to traders, thus contributing to the scarcity and increased demand. Still, trader confidence has to be restored to the Ethereum token before a recovery to its ATH at $4,000 is possible.
Remittix (RTX), on its own, is on a roll at the moment with its use cases and trending presale. Stay tuned.
Direct Crypto-Fiat Transfers Unlocked With Remittix
Crypto traders often have to go through lengthy routes and pay extra costs to get their assets from their wallets to their fiat bank accounts. It is often frustrating to pay gas fees on blockchain fees and still incur bank charges while liquidating crypto assets.
Well, that’s why Remittix is here. The PayFi project is uniting crypto and fiat in terms of transfers and payments, making it easier for crypto users to pay their bills and send money out directly from their crypto hot wallets. With Remittix as an option, users only need to provide the details of the receiving bank account and finalize the steps like a regular crypto transaction.
Remittix still offers significant advantages over exchanges in that it upholds user privacy and anonymity throughout their experience on the platform. The transactions are untraceable to the Remittix platform, so the transfers only look like regular deposit transactions on the fiat bank account.
And with the globalization of crypto tokens, everyone is gradually accepting them as payment methods. Businesses and merchants that wish to include crypto payment options in their e-commerce stores can use the Remittix Pay feature.
There, a crypto wallet address is linked to the destination fiat bank account and governed by a smart contract. Crypto payments made to the store end up at that address and the smart contract converts them into fiat at preset intervals.
Remittix Presale: Here’s What to Know
RTX tokens are still in presale, but with over 521 billion tokens sold and almost $14 million in revenue, you can expect they won’t be on the block for much longer.
And neither will they be available at the same price. The Remittix coins are currently at their cheapest possible rates now, selling for $0.734 each. There’s presale ROI to be cashed only if you invest early! But the huge spike comes after launch.
Anticipate Remittix’s 130x rally buy your RTX coins today!
Join the Remittix (RTX) presale and community:
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Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
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