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BlackRock Scoops Up $3.5B In ETH, Is Now The Time To Hold Or Fold?

by Market News Board
4 months ago
in Crypto, Cryptocurrency News, Ethereum
BlackRock Scoops Up $3.5B In ETH, Is Now The Time To Hold Or Fold?
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Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.


Ethereum has made it back into the headlines after it was reported that BlackRock invested $3.5 billion in ETH, creating new interest in the second-largest competitor of the cryptocurrency. While ETH currently trades at $2,447.70, down by 0.32% in the last 24 hours, this enormous accumulation has created a new wave of analysis — and some savvy investors are also looking at other breakout names such as Remittix.

Ethereum Price Prediction: Will BlackRock’s Gamble Turn Around the Trend?

With its market capitalization at $295.58 billion and daily trading volume of $16.39 billion, ETH remains one of the foundational pillars of the crypto universe. ETH, though, has not been able to sustain gains, and current volatility has speculators split equally between bullish faith and cautious skepticism.

But this gigantic $3.5B move by BlackRock is no small signal. Institutional demand has long led to long-term growth. For some analysts, this may start an ETH bull run of sorts — if one is in progress over the medium term.

Fighting Ethereum with Projects Having Utility-Based Themes

Despite Ethereum’s dominance, several investors are now looking to alternatives that offer faster transaction speeds and more defined use cases. That is where tokens like Remittix (RTX) are cutting serious ground.

Where ETH leads in DeFi and smart contracts, Remittix is carving out a unique niche in real-world payments. Its interface allows customers to send cryptocurrencies like BTC, ETH, and XRP to traditional bank accounts instantly — in a few minutes. That kind of utility is driving demand beyond speculation.

With its current price tag of $0.0781, RTX has already raised nearly $16 million and traded more than 547 million tokens. The highly anticipated launch of Remittix wallet in Q3, as well as an ongoing 50% token bonus, is also encouraging investor enthusiasm.



Remittix: The Sleeper Pick Gaining Ground on Ethereum

In contrast to Ethereum’s scalability issues, Remittix is designed to address a very particular — and urgent — use case: ease global payments. It connects crypto and fiat, going after the $190 trillion cross-border payment space.

Investors looking for early-stage plays are starting to look at RTX as a break-out candidate. The token’s adoption curve is akin to how we saw with early XRP and Stellar but with a more rapid route to actual applications. The more users who enter the Remittix universe, the more long-term appreciation analysts are forecasting that can eclipse many Layer-1 chains.

With the $18 million soft cap imminent, today’s bonus window is one of the final chances to enter at early-stage pricing.

Keep ETH, But Hedge With Rising Utility Plays

ETH remains a good long-term hold, especially with BlackRock believing. But smart investors are no longer betting solely on Ethereum. Projects like Remittix are now turnkey hedges — offering innovation, velocity, and first-mover advantage in an underpenetrated space.

With both ETH and RTX expected to gain in 2025, the best play may not be to fold — but to diversify.

Join the Remittix (RTX) presale and community:

Join Remittix (RTX) Presale

Join the Remittix (RTX) Community

Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

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