On the 10th of December, a crypto whale jumped on the Pepe price FOMO, they liquidated their WBTC and USDC holdings worth about $1.59 million and bought 60 billion PEPE tokens. However, PEPE’s price soon began to drop amid increasing market volatility. Panicking, the whale quickly sold their newly purchased tokens at a loss of $500,000!
This kind of story isn’t new, especially with meme coins like PEPE. In fact, on-chain data shows that several big ETH accounts are selling their PEPE holdings and going for revolutionary DeFi tokens like Remittix. What does Remittix do, and why has it caught the attention of crypto whales? Let’s find out together.
Remittix ushers in a new era for global payments
Cross-border payments are an old sector of the financial industry. In this space, companies like Stripe, Western Union and others reign supreme. But these firms are discriminatory, slow, and frankly needlessly expensive. It’s effectively a market begging for a new solution that would take it to the 21st century, and that’s where Remittix comes in.
Remittix’s major aim is to make crypto-to-fiat payments simple, inclusive, and affordable. Bridging local payments networks worldwide, this crypto protocol allows you to send funds right from your crypto wallets, to any bank account in the world.
These transactions come with a flat fee with no extra charges for FX, wires and no hidden costs. This is way less than the 5%-10% that Stripe and Western Union charge, and the transaction is executed instantaneously. Even more, the recipient gets the transfer without knowing it started as a crypto payment!
The global remittance market is about to be disrupted by Remittix, and this revolutionary journey promises to be exhilarating. By simplifying cross-border payments, Remittix will shake up the Decentralized Finance industry. This makes the DeFi token extremely attractive for ambitious crypto investors.
Is the meme coin hype over?
When Bitcoin fell significantly in the second week of December, meme coins suffered the most. PEPE, in particular, fell by almost 30% immediately after the incident. A mini resurgence followed as PEPE tried to stay resilient and stop the bleeding. Unfortunately, things turned from bad to worse, with PEPE price declining further in the following weeks.
Crypto commentators are already saying that the meme coin hype could be over. With the way ETH whales are selling their PEPE holdings, this could be true. PEPE price could lose all the gains it made in the last bull market, and no one wants to be left holding worthless crypto bags.
Jump on the Remittix train!
With several trillions of dollars in global remittances sent annually, utility-driven crypto solutions like Remittix are set to shake things up. It addresses high fees, slow processing times, limited accessibility, and other issues that the current bigwigs in the space don’t care about.
As Remittix grows as a renowned crypto-fiat payment solution, so will its price. It is currently in presale, available at only $0.0163 per token. By the time this coin goes viral, it could’ve risen by at least 1,000%. That’s what veteran crypto experts have said. But when taking into account Remittix’s potential, it could outperform even this stellar prediction.
Join the Remittix (RTX) presale and community:
Join the Remittix (RTX) Community
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