Currently, Ripple is facing challenges due to delays in ETF approval, while the new altcoin Remittix is attracting traders' attention.
Ripple's ETF Journey Faces Challenges
Ripple is experiencing difficulties on its path to an approved ETF. Despite early optimism, the company is facing setbacks including delays in receiving the green light from financial regulators. Major companies like Grayscale and WisdomTree have also filed for ETF applications, but approval is still pending.
Price Signals for Ripple
Ripple's recent rise to $3.65 sharply reversed, and the price is now hovering around $2.90, 20% lower than its peak. Technical analyses suggest a possible drop to $2.40, raising concerns among holders.
Why Remittix is Gaining Trader Attention
Remittix is establishing itself in the market as a PayFi platform offering crypto-to-bank payments across over 30 countries. With more than $23 million raised and a rapid increase in token sales, it is catching attention, with analysts forecasting price increases of 20-100 times in the future.
Despite current challenges, Ripple remains in the spotlight, but Remittix is quickly becoming a topic of discussion among traders as a new alternative with innovations and significant growth potential.
