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The Ripple price continues to face downward pressure as Q1 continues to throw curve balls in the crypto space. Having seen losses on the monthly, weekly, and daily timeframes, some believe the Ripple price could drop below $2 very soon, and $1 soon in the mid term.
Adding to Ripple’s troubles is the stiff competition it is facing from a new PayFi rival, Remittix (RTX). This challenger is quickly amassing popularity in its presale, having racked up more than $12.8 million in investment to date.
So what does Remittix do differently, and why is it stealing the spotlight from Ripple?
Ripple Price: Could XRP Dip Below $1
The Ripple price soared from around $2 to $3.29 in a period of three weeks in early January. This now feels like a decade ago, as the asset continues to plummet, with the Ripple price now sitting at a bleak $2.16.
So what caused Ripple to drop 30.5% of its value over the last month?
Although no validated ledgers were lost and the network self-recovered, this incident raised questions about the reliability of Ripple’s infrastructure.
Ripple (XRP) is also not yet out of the woods in its legal battle with the SEC, and the next deadline for an appeal is in April 2025. However, some believe this will mark the end of the case.
Given these developments, the Ripple price continues to face downward pressure. Some analysts even believe that the combination of technical issues and legal battles, as well as increasing competition, could cause the Ripple price to drop below $1 in the mid term.
Why More People Are Using Remittix to Convert Crypto to FIAT
While crypto was meant to redefine global finance, actually spending digital assets in the real world remains unnecessarily difficult.
High exchange fees, long withdrawal wait times, and banking restrictions make converting crypto to FIAT a frustrating experience for millions of users.
Remittix (RTX) gets rid of these obstacles by allowing users to instantly convert over 40 cryptocurrencies into FIAT while making global transfers.
For someone like Daniel, a freelancer in Brazil, this means he can convert his Ethereum earnings into Brazilian Reais instantly instead of waiting days for an exchange withdrawal.
Similarly, Leila, an expat in Canada, can send money to her family in Morocco using stablecoins, knowing they will receive the full amount in Dirhams the same day.
This is what crypto has always had the potential for, and Remittix is finally making it a reality.
Businesses stand to benefit from Remittix too. For years, businesses have wanted to integrate crypto payments but have been hesitant due to price volatility, liquidity concerns, and complicated conversions.
Accepting digital assets has often meant exposing the company to unpredictable price swings or going through multiple intermediaries just to access FIAT.
The Remittix Pay API changes this by giving businesses a way to accept crypto payments while instantly converting them into FIAT.
Whether it’s an e-commerce store, a subscription-based service, or a global enterprise, companies can now expand their payment options without dealing with financial uncertainty.
By providing an automated, risk-free way to handle digital currency transactions, Remittix is making crypto payments a practical reality for businesses worldwide.
Remittix Presale Glides Past $12.8 Million Raised
The Remittix (RTX) presale is soaring, having recently surpassed $12.8 million raised. As it closes in on $13 million, investors are grabbing tokens for just $0.0671 in the current stage.
Analysts are upbeat about how far the project could go, predicting a steep 800% price rise during the presale phase with more growth expected post-launch.
For any investor looking to stay ahead of the curve in 2025, this market disruptor is not a project to miss out on.
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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