It looks like the days when Ethereum lags behind Bitcoin $0.000068 in terms of performance are coming to an end. The weekly chart of ETH has formed a golden cross likely to start a major rally and whales are also buying big anticipating a massive price pump.
Due to these reasons and others, many analysts have estimated that the Ethereum coin could reach $6,000 in January 2025. However, there is a new altcoin Remittix (RTX), this coin is expected to surpass ETH with a rise of 400% in the same period. Read on to find out more.
Reasons Why Ethereum (ETH) To $6K By January 2025
Throughout 2024, Ethereum (ETH) $0.000512 has failed to clearly break above the $4,000 resistance level while Bitcoin has formed multiple ATHs. However, ETH looks set to rally to a new ATH above $6,000 as early as January 2025. Below are three reasons the Ethereum price is sure to hit this new mark.
All Technical Indicators Are Pointing Toward An Explosion
CryptoPoseidonn has shared a chart that shows that ETH is ready to outperform $BTC over the next 4 months. This prediction is backed by a weekly Ethereum price chart shared by Titan of Crypto showing a golden cross. This also usually triggers altcoin season for the crypto market.
In line with past moves following a golden cross for Ethereum (ETH), the altcoin price may well surpass $11,000 in the next 10 weeks too.
Ethereum (ETH) Inflows Soar To New Highs
Ethereum (ETH) ETFs have received a record weekly inflow. The CoinShares latest report shows that Ethereum ETFs have recorded over $1 billion in the last week. This increased inflow is considered a sign that more institutions are getting assurance toward the ETH.
Whales Are Stacking Up $ETH Ahead of a Big Move
Santiment has reported that Ethereum whales have reached their highest level ever. In a recent post, Santiment said that 104 whale wallets holding 100k+ ETH now collectively hold about $333 billion. This is a sign that they expect a massive increase over the next few weeks.
Based on these forecasts, ETH stands strongly poised to trade above $6,000 by January 2025 – which makes it one of the best cryptos to buy today.
The New Altcoin, Remittix (RTX) Set To Surge 400% By January
As ETH sets the pace for an altseason, Remittix (RTX) is one of the top altcoins that is ready for a 400% price explosion. There’s been a lot of hype around Remittix, with WEB3 Planet hailing the DeFi project as one that will make investors a huge fortune, because of its unique utility and massive market potential.
Remittix is an innovative platform designed to enable individuals and companies to easily convert cryptos to 30+ fiat currencies. While this will remind you of the cross-border payment giant Ripple $0.009941, Remittix goes a step further, leveraging local payment networks and blockchain technology to allow them instantly to send funds to their accounts anywhere in the world.
There won’t be the complications of banking systems and the middlemen in transactions on Remittix because they are not expensive and more secure than conventional systems. Another reason for the forecasted rally for Remittix is based on its market potential.
Access To a Bigger Market Than Just Crypto
Remittix is creating a foundation that could reinvent the cross-border payments that have been forecasted to reach $250 trillion by 2027. With this market several times bigger than crypto, the RTX coin could rally by more than 400%, following the same explosive rally as XRP in 2017.
How To Prepare for the Coming Altseason
While the Ethereum (ETH) coin would set the pace for the altseason with a rally to $6,000 in January, Remittix (RTX) could be one of the biggest gainers over the same period. Still priced at only $0.015, this is the perfect time to join savvy investors who are stacking RTX.
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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.