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ETH stands as the second-largest cryptocurrency by market cap, and its well-established ecosystem continues to be a hotbed for innovation. Building on this powerful network, Remittix has emerged as a PayFi contender, recently surpassing $12 million in presale funds. Investors are now buzzing about the project’s real-world applications and likening its potential to that of XRP, a legacy payments-oriented cryptocurrency. By leveraging ETH’s security and smart contract capabilities, Remittix aims to redefine the cross-border payments space that XRP has long sought to dominate. XRP’s Legacy and Why Remittix Draws Comparisons For years, XRP has been synonymous with global remittances, targeting institutional use cases such as international bank transfers. Despite facing legal headwinds, XRP boasts a robust market cap of $157.48 billion. While it gained fame as a quick, low-cost transfer vehicle, the coin has struggled to shake off concerns about centralization and ongoing regulatory scrutiny, which has impeded some of its adoption. Remittix, on the other hand, is capitalizing on the flexibility of ETH’s blockchain to offer a more decentralized yet user-friendly platform. By enabling individuals and businesses to convert crypto into FIAT and deposit those funds into bank accounts worldwide, Remittix addresses one of the biggest barriers to mainstream crypto adoption: real-world utility. Analysts note that XRP’s institutional focus often left everyday users out of the loop, whereas Remittix directly caters to freelancers, small businesses, and anyone looking to move money across borders cost-effectively. This shift in target market helps explain why some investors believe Remittix has the momentum to challenge, or even outshine, the long-established presence of XRP. How ETH Integration and a $12M Presale Boost Remittix Remittix’s decision to build on ETH could be a key factor driving its soaring presale figures. As of this writing, the project has secured over $12 million in early funding, drawing support from both experienced crypto traders and newcomers intrigued by the platform’s real-world value proposition. To participate, potential backers can visit the official Remittix Presale page, where they’ll find a straightforward interface for contributing ETH or other cryptocurrencies. By harnessing ETH’s smart contracts, Remittix ensures that its token mechanics are transparent and secure, allowing contributors to track their investments easily. The platform’s PayFi model simplifies cross-border transactions, cutting down on the fees and delays that plague traditional remittances. It also provides a user-friendly experience, making it accessible to people with limited technical knowledge—a stark contrast to many DeFi projects built on ETH, which can be intimidating to less experienced users. Analysts suggest that if Remittix captures even a modest fraction of the $190 trillion cross-border payments market, its value could surge in a manner reminiscent of how XRP initially gained its fame. Remittix vs. XRP: Is PayFi the Future of Crypto-Powered Remittances? As ETH remains at the forefront of blockchain innovation, projects like Remittix are finding fertile ground to develop solutions that tackle real-world challenges. The platform’s $12 million presale milestone is indicative of strong investor confidence, fueled by the belief that a streamlined PayFi model can disrupt the global remittance sector. While XRP paved the way for payments-focused cryptocurrencies, Remittix’s approach stands out for its emphasis on consumer accessibility and end-to-end simplicity—both of which could help it rival or surpass XRP’s historical success. Still, the market is fraught with uncertainties, ranging from regulatory factors to technological constraints. It’s clear, however, that ETH’s robust infrastructure gives Remittix a solid foundation upon which to build. If the platform’s roadmap unfolds as planned, Remittix may well become a household name for crypto-powered remittances, offering an alternative to XRP that resonates more closely with everyday users. Join the Remittix (RTX) presale and community: Join Remittix (RTX) Presale Join the Remittix (RTX) Community This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

The post Will the Crypto Market Crash Before the Next Altcoin Season? Experts Weigh In appeared first on Coinpedia Fintech News Crypto traders are eagerly anticipating the next altcoin season, but before that happens, the market could see a major correction. The market is not in favor of altcoins and ,any analyst have predicted that altcoin season is delayed due to multiple factors like less retail interest, memecoin frenzy and Trump’s tariff war. At present altcoins outside the top 10 are struggling, with their total market cap hitting a three-month low of $277 billion, per TradingView. That’s a steep 77% drop from their $492 billion peak in November 2021. Looking at the current scenario, Crypto analyst Il Capo, said that altcoins may drop by 20%-40% before the real rally begins, with meme coins facing even bigger losses. A Sharp Correction Before Altseason? Il Capo believes the market isn’t ready for a full-fledged altcoin rally just yet. Based on his analysis, Bitcoin could experience a 15%-20% dip, targeting levels around $80K-$85K. Altcoins, however, are expected to suffer more, with stronger projects correcting by 20%-30% and weaker ones plunging by 30%-40%. Meme coins, known for their extreme volatility, might see losses as deep as 50%-60%. For example recently, a trader made $28 million on February 14 by trading the “Broccoli” memecoin, inspired by CZ’s dog. Speculation hints at insider trading, exposing memecoins’ risky nature. Analyst Nicolai Sondergaard notes that altcoins are seeing mixed performances, with some sectors outperforming others. This speculation and over hyped coins like TRUMP is creating a problem for established coins. Despite traders hoping for a smooth ride, Capo warns that markets don’t move based on expectations—they follow their cycle. While painful, this shakeout could be a necessary step before the market enters the next explosive phase. Also Read : LIBRA Token Crashes 85% After Milei’s Promotion – $20M Insider Profits Exposed , Any Hope of Altseason? Historical data suggests that altcoin seasons usually kick off around 6-9 months after Bitcoin reaches its peak. In 2017 and 2021, major altcoin rallies occurred after Bitcoin’s price stabilized post-halving. With the next Bitcoin halving set for April 2024, analysts expect a similar timeline: a strong Bitcoin run through late 2024, followed by a shift into altcoins in early 2025. Bitcoin dominance, which measures its share of the total crypto market, is another key indicator. When BTC dominance drops below 50%, it signals that capital is moving into altcoins. Currently, BTC dominance is around 60.6%, meaning the transition hasn’t started yet. For altcoins to take off, a few things need to align. Bitcoin must first peak and enter a stabilization phase, allowing traders to rotate funds into alternative assets. Ethereum is often the first to lead, so an ETH/BTC surge could indicate that the broader market is shifting. Retail hype, particularly around meme coins and emerging narratives, will also play a role in driving prices higher. While Raoul Pal, CEO of Real Vision said that Altcoin’s can take off soon as the market is heading towards“Banana Zone” which means the altcoin’s can take a lead. But he also warns that investors need patience as it may not be that quick. Never Miss a Beat in the Crypto World! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. Subscribe to News

The post XRP Price Prediction: Will XRP Price Rise Above $3 or Remain Within a Range Bound This Weekend? appeared first on Coinpedia Fintech News In the past few months, the XRP price has displayed huge bullish momentum after breaking out of the prolonged consolidation. In the times when the token was speculated to be dead, it underwent a 500% jump followed by a 30% correction. Meanwhile, the price has triggered a strong recovery after encountering a bearish start to the month, which hints towards a reversal is fast approaching. In a recent update, the SEC acknowledged the filing for the 21Shares spot XRP ETF, highlighting the growing institutional interest in the third largest token amid the regulatory development. As a result, the XRP price experienced a 10% surge influenced by ETF approval news and increased utility via real-world assets on the XRP ledger. Now that the SEC is reviewing Grayscale’s proposals for XRP & DOGE ETFs, will this news push the token above $3.2? XRP Price Analysis: Will XRP Price Reclaim $3? The XRP price has increased by over 15% in the last seven days, rising from $2.30 to $2.80, while a breakout from the upper range was required to continue to maintain a strong upswing. The price marked daily highs above the range but failed to sustain displaying the weakness among the bulls, which may raise some concerns but only in the short term. As per a popular analyst, ALI, the price may undergo a small correction in the short term as the TD sequential indicator flashes a sell signal after a 22% price surge. In the short term, the XRP price is struggling hard to rise above $2.8 and as the bullish strength appears to have faded, the token may drop to the support, which acted as a strong resistance before. Besides, the stochastic RSI is also decremental, which supports a bearish narrative. Hence, a small pullback to $2.5 seems to be imminent during the upcoming weekend. The SEC’s consideration of the XRP ETF marks a significant milestone in Ripple’s legal journey, potentially boosting adoption and institutional attention. On the other hand, many experts predict XRP may soon replace Ethereum in the coming days, as the latter is struggling due to inflation and centralization. Hence, making XRP a strong contender to be the second-largest token after Bitcoin. Therefore, the future outlook of XRP remains bullish regardless of the interim shortfalls.

Two Estonian citizens pleaded guilty yesterday to running a massive cryptocurrency Ponzi scheme that defrauded hundreds of thousands of investors worldwide, including in the United States. The scheme involved a fraudulent crypto-mining service called HashFlare, resulting in investor losses of over $577 million. Founders Agree to Forfeit $400M in Assets According to court documents, Sergei Potapenko and Ivan Turõgin, both 40, sold contracts to customers, entitling them to a share of crypto mined by their purported crypto mining service. Between 2015 and 2019, HashFlare’s sales totaled more than $577 million. However, the firm did not have the necessary computing power to perform most of the mining it claimed to carry out. To hide this, the company’s web-based dashboard displayed falsified data as customers’ supposed mining profits. The fraudulent activities of the Estonian nationals extend beyond HashFlare. In 2017, the co-founders launched an Initial Coin Offering (ICO) for a project called Polybius, claiming it would establish a bank specializing in digital currency. The initiative promised investors dividends from the bank’s future profits, leading to at least $25 million being raised. However, no such bank was ever created. The perpetrators encouraged individuals to invest their savings in both companies, assuring them of substantial returns. Potapenko and Turõgin even distributed some profits to early investors to maintain the scheme’s credibility. However, the companies failed to deliver the promised returns. The funds were instead redirected to various accounts and crypto wallets controlled by the two men. The proceeds were then used to purchase real estate and luxury vehicles and maintain investment and crypto accounts. As part of their plea agreement, the duo will forfeit assets worth more than $400 million, which will be used in remission to compensate victims. Further details on this process will be announced at a later date. The Guilty Plea After investigating their fraudulent crypto operations, authorities apprehended Potapenko and Turõgin in Estonia in November 2022. At the time, the U.S. DOJ charged the duo with 16 counts of wire fraud and one count of conspiracy to commit money laundering. Following their arrests, the U.S. sought their extradition, but an Estonian Circuit Court annulled the request in 2023, citing concerns over the conditions of U.S. detention facilities. However, in January 2024, their deportation to the United States was again approved, resulting in their recent guilty pleas. Both men admitted to one count of conspiracy to commit wire fraud and are scheduled for sentencing on May 8. They each face up to 20 years in prison, and the final conviction will be determined by a federal judge based on the U.S. Sentencing Guidelines and other legal factors. The post Estonian Nationals Plead Guilty in $577M HashFlare Crypto Ponzi Scheme appeared first on CryptoPotato.

U.S. Representative Ayanna Pressley (D-MA) voiced strong concerns over the increasing prevalence of cryptocurrency scams during a House Financial Services Committee hearing on Feb. 13, urging the need for stronger consumer protections. She emphasized that the Consumer Financial Protection Bureau (CFPB) was instrumental in tackling fraud before being dismantled under the influence of Donald Trump and Elon Musk, particularly through actions taken by the Department of Government Efficiency (DOGE). Pressley pointed to real-life cases of individuals losing their savings to crypto scams, underscoring the urgent need for government intervention. Referring to the CFPB, the lawmaker asserted: The agency is now under attack. Elon Musk and his so-called DOGE bros have kicked out the employees, locked the door, and stopped all work from continuing. The congresswoman claimed that without the CFPB’s safeguards, consumers are left vulnerable to crypto fraud schemes that continue to proliferate. Pressley also criticized Trump for launching a meme coin that quickly lost value, leaving everyday investors with losses. “Earlier this year, Trump launched his own cryptocurrency meme coin. He promoted it on social media and people invested in it,” she described, emphasizing: But then it quickly lost value, roughly 40%, when Trump insiders pulled their money for a profit, resulting in working class people stuck with the losses. It was a scam. She contrasted Trump’s actions with the CFPB’s mission to protect consumers and called for its reinstatement, asserting: “We need this essential agency to be reopened to finish its necessary work.” Supporters of DOGE argue that the reforms are necessary to improve government efficiency and reduce regulatory barriers that could hinder crypto innovation. Musk and his backers claim these efforts target bureaucratic inefficiencies while allowing market-driven solutions to combat fraud. Meanwhile, Trump’s pro-crypto stance has gained support from those who view him as a proponent of financial independence and decentralized finance. His supporters believe his policies could position the U.S. as a leader in blockchain innovation by fostering a regulatory environment that promotes growth while protecting investors. Many in the crypto industry advocate for clear regulations that prevent fraud while allowing the sector to evolve. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。