The most recent cryptocurrency market crash affected a lot of big coins. PEPE, One of the big names in the crypto ecosystem, was also affected by this bear run in the market. The value of PEPE depleted about 30% and this propelled the investors to begin a search for their escape route, in order to recover their losses. This search for a new investment option led the investors to Remittix, a groundbreaking PayFi project, that has launched its Presale taken and is predicted to have massive growth in the coming months.
PEPE Whales Offload Holdings
In a shocking turn of events, PEPE, one of the largest memecoins by market cap, has continued to experience a price drop and has currently dropped to its lowest level since November. This continuous drop in value is bothering its investors as they seek other means of investment to stop and recover the losses.
To recover losses, PEPE investors have begun to offload their holdings. According to many expert pages, these whales are moving their holdings to other exchanges which shows that they are not expecting the downward trend that the coin is experiencing to stop anytime soon. Smart money investors have also begun reconsidering their investments and relieving their positions. The number of holders has reduced drastically in the last couple of weeks. As of December, the number of Smart money holders was 91, and currently, the number of smart money holders has dropped to 61.
As one of the biggest memecoins, PEPE whales still hold some degree of faith in the coin’s ability to recover but that faith will continue to dwindle if the performance of the coin doesn’t pick up. The number of whales moving their holdings to other exchanges and the decrease in smart money holders shows how much investors are losing faith in the coin’s ability to recover soon. These whales and investors have started searching for a new place to invest and this search has led them to Remittix which is projected to grow 50x in the presale.
Remittix, A Pacesetter and The Next Big Thing
Remittix, a pacesetter in the crypto to Fiat cross-border transfer payments, is creating the foundations to accumulate a share of the $183 trillion banking industry by combining Fiat cross-border payments with blockchain technology. Its ability to enable seamless transfers across borders, making international payments faster and more accessible is one of its greatest strengths over its competitors.
Remittix also allows individuals to immediately convert over 40 different cryptocurrencies into FIAT currencies which can then be sent to any global bank account at lower transaction costs compared to local banking or payment systems. This lower cost is specifically important in encouraging customers who make lots of cross-border transactions. It ensures that cross-border transfers come with a flat fee which has no hidden charges. What you send is exactly what the recipient gets.
Remittix has also launched its presale token for investors who are looking to pool their funds into a cryptocurrency project. This presale token has 750m available tokens. Remittix, in a bid to solidify its commitment to transparency and safety for its customers, has undergone a full smart contract audit which was used with no issues. The smart contract will be renounced at the end of the presale, providing full governance of the token to the community and the token holders.
Conclusion
With the current trend of PEPE investors offloading their holdings and looking for a new cryptocurrency platform to invest in, Remittix, the new PayFi project, stands out as a potential project for investment and as a great opportunity for people looking to make a profit.
Remittix presale token offers a compelling option for these investors and most of them are now seriously considering throwing their weight behind the newly developed pacesetter in the cryptocurrency payment market, which is designed to make both local and international payments faster, easier, and cheaper.
Discover more about remittix and join the presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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