XRP, one of the more widely used payment-oriented cryptocurrencies, reached $3.40 in January but has fallen roughly 30% since then to $2.31. Traders on Deribit are placing plenty of wagers on a $5 strike price for XRP options, but this is perhaps not quite pure bullishness.
Another token is under the limelight for a simpler way of earning more: Remittix (RTX), now at about $0.0734, has collected more than $13.7 million in its presale and sold more than 516 million tokens.
XRP Traders See $5 Call Options on Deribit
XRP at $2.32
Most XRP options on Deribit are still the $5 strike even after XRP has fallen from $3.40 to $2.32. $3.84 million Notional open interest finishes Deribit Metrics’ $3.84 million Strike data point, believes Lin Chen who recognized such options as “covered calls.”
The owner of the XRP sells the coins but is being reimbursed by it. The situation is even more severe than expected. The XRP investors who are not confident about future price increases above $5 prefer to build up voluntary earnings at the time they do.
Markets continue to discount XRP prices despite the payment platform remaining vital for cross-border fund transfer. The destiny of XRP is uncertain in the eyes of some analysts because they doubt that either legacy infrastructure or regulatory hurdles are depriving it of influence.
Say Hello to Remittix (RTX): The “$0.0734 “XRP Challenger.”
Where others bet XRP will double to $5 from its current price of $2.31, new investors look to Remittix (RTX) for the promise of larger returns. Priced at about $0.0734, Remittix has drawn over $13.7 million in capital and sold over 516 million tokens. Some refer to it as an “XRP competitor” since it’s also targeting cross-border remittances, but in a less complicated, simpler manner.
Instead of making it a complex system, Remittix (RTX) swaps crypto (e.g., BTC, ETH or any other token) for local currencies, sending funds to regular bank accounts most times within 24 hours. For example, a Brazilian freelancer requests an American client to pay him quickly.
Instead of waiting days for a wire or paying through-the-nose fees, Remittix simplifies the behind-the-scenes transactions so that the Brazilian is left with local currency in his account. Remittix also helps families who send money abroad in the same way painlessly. Such everyday problem-solving sets Remittix apart from other tokens that involve complicated partnerships or changes to compliance.
Why Analysts Believe $7 is Achievable
Remittix (RTX) solves an enormous problem in remittances, which is an extremely large market worth trillions of dollars, with a super simple interface. Professionals believe that if it enters into new agreements with payroll companies or big online retailers, more people will start using it, and the price of the token will increase 2x or 3x.
Others think that it could ultimately reach $7, over 100 times its current price of $0.0734. They believe that practical, real-world uses could continue to drive demand, no matter what cryptocurrency markets do in the near term.
In addition, Remittix undergoes rigorous audits in addition to team token locking which minimizes scams that commonly affect presale projects. The investment community feels more secure embarking on Remittix tokens because they possess enhanced transparency compared to tokens which exist only within exciting buzz and call option launches.
Final Verdict: Practical Solutions May Win the Crypto Marathon
While XRP’s push toward $5 draws short-term excitement, underlying options activity hints at a cautious market. Remittix (RTX) at its paltry $0.0734 price, its $13.7+ million in funding and practical remittance services is capable of turning into a true breakout phenomenon.
By targeting everyday money transfers, RTX might vault far beyond a small price jump potentially delivering 100x gains for those willing to bet on tangible real-world adoption rather than option strikes and hype.
Ready to Give Remittix (RTX) a Go?
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
