Ethereum (ETH) has been bullish for most of H2, receiving bullish cues from institutional inflows to strong retail accumulation, and an upcoming upgrade. These bullish indicators reinforce the idea that Ethereum price action has room for additional rallies, and the asset could very well reclaim a new all-time high in the final quarter.
What’s more is that altcoin rotation is now on the higher side, and Ethereum currently outpaces Bitcoin in key data metrics; a bullish precursor for Ethereum price prediction and the overall alt market.
Speaking of alts, there is a new project building momentum with impressive technology and massive market appeal: Remittix (RTX). This new project is a cross-chain DeFi protocol built to improve cost efficiency and remove the notorious long-waiting days usually associated with cross-border transfers.
For experts, this translates to a 20x rally: adoption will explode globally, leaving retail with no choice but to gravitate towards RTX when it officially enters the market. We take a look at this assumption, but before that, let’s review Ethereum price prediction.
Ethereum Price Prediction: Bullish Setup Signals Market Strength
Institutional investment in Ethereum is reaching new levels; the asset is pushing strongly for alts this cycle. For the first time in a little over seven years, the monthly spot volume of Ethereum on centralized exchanges has surpassed Bitcoin, recording $480 billion as opposed to BTC’s $401B in August. Ethereum’s outpacing of Bitcoin in this key data metric could lend the altcoin market more firepower in the final quarter.
Since launching in July 2024, U.S. spot ETH ETFs have already pulled in $13.7B, about a quarter of Bitcoin’s $54.3B inflows. This is a strong sign that ETH is finally catching up to Bitcoin’s tail, and could as well topple the BTC-ETH market share in favor of the second-largest crypto asset.
That’s not even considering the continuous retail scooping and anticipated technical upgrades, which will put Ethereum price prediction on a parabolic path, making the asset one of the top performers this cycle amid broader rotations. Ethereum accumulation addresses have tripled to hold 24.3M ETH, with over 90% of holders in profit, reflecting long-term confidence. Charts show Ethereum price is hovering near the $4,308 price level, with possible targets at $4,590 this month and $5,000 in Uptober.
Why Remittix Could Easily 20x This Cycle
Remittix is a new alt, carving its own multi-million dollar market; it achieves this by relieving one of the biggest pain points in global finance today: cost inefficiency and delayed transfers in cross-border payments.
This DeFi protocol utilizes blockchain technology to facilitate instant crypto-to-fiat transfers, providing remitters, freelancers, and small businesses with an affordable means to transfer money across borders.
RTX is entering the mainstream conversation just as the demand for web-integrated payment solutions like Ripple’s XRP and Stellar’s XLM continues to grow. The project’s mainnet launch is scheduled for later this month, making it one of the few ICOs that has utility infrastructure up and running, audited, and ready for expansion.
The eyes of market experts are fixated on RTX this cycle, and many of them believe the asset will easily 20x this cycle.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.
