As the crypto market continues to get new additions every day, there is a rise in solutions to the common cryptocurrency bottlenecks, taking the old players a step back. Interestingly, the rise of new players in the crypto payment sector is creating a challenge for top altcoins like BNB, TON, DOT, and LINK. However, this competition is only just beginning as investors continue to support this new PayFi altcoin.
But, after all is said and done, the question remains: “Why are investors favoring this new player over the popular names in the market?” So, let’s attempt to answer the question.
Limitations Of The Current Top Altcoins
The current market position shows investors’ fatigue with top altcoins like BNB, TON, DOT, and LINK with double-digit drawdowns in the last 30 days. However, while the current chaos in the crypto market has had its mark, these altcoins also have limitations specific to each of them. For example, there are rising issues with the TON blockchain integration with Telegram. However, to understand this properly, let’s take the BNB and LINK in more detail.
BNB: Pressure Mounts
According to trending news, one of the major factors affecting the BNB price in the last few months is the growing regulatory pressure mounting on the Binance exchange. The exchange just got an $81B case slammed on it by the Nigerian government for tax and economic losses. The combination of these issues has placed a huge demand on the BNB Coin, causing a pressure that keeps weighing on investors’ confidence. However, while the BNB market cap is still enough to keep it a top altcoin, it has seen a 16% slide within the last 30 days.
SPOF Problem Potential With LINK Oracle Dependency
While the LINK oracle has grown popular in the last few months for its cross-chain ease of communication, the high reliance on the oracle is raising concerns already. This is because of the single point of failure concern where an issue with the Chainlink oracle could cause a downtime for millions of solutions dependent on it. Although this does not present an immediate problem for the price, developers are already sourcing alternatives to prevent downtime in case of any issue. According to experts ‘ statements, this could cause a big blow to the LINK price in the future in a way that could be devastating.
Remittix Position In The Payment Sector
The Remittix exchange has continued emphasising its commitment to making a big mark in the $190T payment industry. It intends to do this by presenting an easy-to-use ecosystem that helps the users send and receive FIAT currency using cryptocurrency. To make this better, Remittix ensures all cross-border transfers come with a flat fee without any hidden charge, making the transfer cheaper than other traditional banks.
Remittix is starting a revolution in the crypto market, which could see the utility of crypto assets become one step better. This combines the best parts of the old banking systems with the new decentralised finance, making all transactions faster, safer, and cheaper. With this latest change coming with Remittix, it is only a matter of time before the Remittix token takes over the market as a top altcoin. And with the token currently in presale, selling at $0.0694, investors can buy at the best price.
Smart investors are betting on this new token with foresight of the Remittix exchange’s potential and how the exchange could be a leading payment system in the coming months. Analysts predict a breakout up to 50x by the time the Remittix token joins top centralized exchanges with an accelerated growth that could be seen with top altcoins in just a few months.
Take the opportunity now before the price changes. You can get more information about the presale from the links below.
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.