With Ethereum’s price rally above the $2,600 resistance zone showing no signs of slowing analysts anticipate a continuation of the uptick that could see Ethereum’s price outperform SOL and ADA.
Meanwhile, Solana and Cardano are registering increased capital inflows, with reports showing that there are nearly $1 billion in capital inflows into Solana’s ecosystem using bridged assets.
Even so, Ethereum’s dominance persists, with projects such as Remittix igniting fresh interest from investors. Remittix’s RTX presale has raised over $15.4 million and analysts anticipate a 50x surge in RTX sales at launch.
Ethereum’s price stagnates, but analysts anticipate a bull run
The market-wide rebound that saw Bitcoin hit a new ATH pulled Ethereum’s price upward, making it one of the best-performing altcoins since April. Ethereum’s price has surged over 41% in the past month, signaling a bullish resurgence as ETH broke out from a downturn.Â
Image Source: coingecko
If the bulls continue to push Ethereum’s price upward past the $2,800 barrier, analysts believe that ETH could continue with its bullish streak and outperform Solana and Cardano.
The Ethereum Foundation has made several moves to boost the bullish setup around Ethereum’s price. For instance, they are overhauling the core development team to refine operations. Talks of a 10x Ethereum scaling plan in the next year have also sparked increased confidence in Ethereum’s price and bullish future outlook.
Solana’s SOL fails to breach the $200 resistance as the price seeks lower support
Solana’s SOL has dipped from May’s peak price of over $180 to its current price of $161. This rebound has seen SOL find support on the lower bands of the Bollinger Bands, signaling a short-term recovery but not enough momentum to push the price above $170.
Image Source: coinmarketcap
Should Solana’s SOL break out of this short-term bearish momentum, onlookers anticipate a move past this forming consolidation pattern.
Solana has established several partnerships to expand its ecosystem, as seen in its recent integration into Dubai’s real estate market.
Cardano’s ADA set to soar with Bridge BTC and DeFi capabilities
Charles Hoskinson, Cardano’s founder, has issued a bold prediction that BTC could reach new ATHs above $500,000 per BTC.
He further states that Bitcoin’s rigidity offers pros and cons. The move by Cardano to partner with BitcoinOS to enable DeFi features for BTC through a bridgeless transfer of BTC to Cardano’s ecosystem has triggered a wave of bullish sentiment around ADA.
Could Cardano unlock fresh utility for BTC this year?
Image Source: coingecko
Remittix’s RTX presale shocks investors as analysts predict 50x uptick
The bullish resurgence of Ethereum’s price is also supported by emerging projects such as Remittix building on Ethereum’s ecosystem.
Remittix is a PayFi protocol on track to reinvent cross-border payments to make remittance services available to everyone. Remittix’s ongoing presale has raised over $15.4 million since its start, and with RTX currently changing hands at $0.0781, analysts predict a 50x uptick for RTX at launch.
Remittix stands out for its simplicity in that it caters to individuals and businesses looking to facilitate crypto-to-fiat transactions easily. Join the PayFi revolution with RTX today.
Discover the future of PayFi with Remittix by checking out their presale here:
Website:
Socials: https://linktr.ee/remittixÂ
