Last weekend marked five consecutive days of green, with an aggregate of $1.8 billion in inflows for the second-largest cryptocurrency, flipping the script on the drop in the first week of August and signaling an institutional rotation from Bitcoin to Ethereum.
Pi Coin is one project analysts are hoping will benefit from the recent movements from blue-chip tokens to low-capped assets. Another reason to be optimistic is that the Pi network price broke a 100-day downtrend late last week.
But Pi coin is not the only alt expected to see an uptrend in September; another altcoin drawing retail interest is Remittix (RTX). This PayFi protocol leverages blockchain technology to facilitate cost-effective and ultra-fast cross-border transfers for businesses as well as everyday users.
For more than six months, the Pi network price has been plummeting, recording lower lows and new support levels. The asset peaked at $2.98 with a trading volume of $1.96B shortly after it was launched back in February, but its bullish momentum quickly faded, slipping to the $0.58 price level before staging a brief recovery back to $1.58 in mid-May.
Since then, Pi has been on a downward spiral, settling into the lower tiers of the largest crypto assets in the market. Pi network price is currently buying and selling at $0.3499 with a 1.11% weekly nudge. Pi coin has been in a week-long consolidation, and retail momentum is picking up despite the prolonged market dump.
A breakout above the next key resistance level could trigger a push into $0.60-$0.65 price zone later in September, with a possible move towards $1.00 in Q4. For Pi Network’s price to exceed expectations this cycle, the ecosystem will need to see utility breakthroughs or fresh exchange listings.
Pi network price forecasts remain cautiously optimistic, and many retail investors are already diversifying into new projects like Remittix (RTX). Remittix is a new PayFi platform that users can utilize to send and receive money across borders.
A practical usage of the protocol will facilitate seamless payment rails between a freelancer in Canada and a client in New York; this would be processed instantly and at zero cost.
Market insiders are increasingly positive that the unique DeFi capabilities of Remittix could be the reason why the project will attract global attention when it officially enters the market.
Everyday users and businesses are expected to flood this innovative payment platform when its Beta wallet is launched later this quarter. Besides, the confirmation of exchange listings by both Bitmart and LBank has further increased the market appeal of the project among retail investors.
Experts believe Remittix’s fundamentals and robust utility roadmap make it one of the altcoins with the potential for a 100x rally this cycle. Its real-world utility, accessibility even in unbanked regions, and strong market timing will take it to the top of the market charts in the final quarter.
Discover the future of PayFi with Remittix by checking out their project here:
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