The BTC price has continued to hold firm lately as accumulation from institutional traders has surged. Recent reports indicate a rise of up to $111 billion in institutional Bitcoin accumulation, as global crypto trading enters another phase.
However, while the Bitcoin price continues to show market confidence, investors have also started pouring money into Remittix, as experts predict substantial gains. According to market analysis, the Remittix token is poised to dominate this year in profit returns, having already generated 6x returns on pre-launch sales.
Here is a deep dive to understand why the BTC price holding firm means a lot for the market, and how high Remittix could hit this year.
Effect Of The Bitcoin Price Action On Market Growth This Year
The market has continued to expand this year, with a surge in crypto investment, and this has also seen the BTC price reach a high above $100,000. But, this market growth goes beyond the Bitcoin price as the rising figures continue to drive an increase in investment confidence across the crypto market.
As a result, this surge in market confidence has seen even the Ethereum, XRP, and Solana prices hit new all-time highs this year. Whereas the BTC price has been holding steady above $110,000 lately, experts say this could indicate the market remains bullish.
The Bitcoin price action over the last few weeks has seen a sharp shift from bullish to bearish and back to bullish. This transition, according to analysts, could reflect a quick market shift to a new player in the market this period. This is because while the Bitcoin price holds steady, eyes are now shifting to new altcoins to give the much-anticipated altcoin spike.
Remittix Pick Pace Towards 40x Breakout In Next Four Months
Remittix could be listed on multiple exchanges this year, and this information is already fueling intense buying. This is because analysts have long projected the Remittix token price could hit up to $4 after listing. Hence, with BitMart and Lbank becoming the first set of exchanges announcing an interest in listing the token, buying has skyrocketed.
However, one additional factor contributing to the buying pressure is that the Remittix token price remains at $0.1. This price range provides an outlook that encourages investors to continue buying, as they eye the $4 target for this year. Other factors pumping up the interest include:
- The beta wallet is launching in September
- Whales accumulation with cross-bridge support that makes buying easier and faster
- Staking reward for multiple earning opportunities
This will be an ideal time to buy the token, as the price has been rising with the growing accumulation over the last few weeks.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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