The cryptocurrency market appears to be at a significant juncture, with a noticeable shift in momentum between its two largest assets. Bitcoin price recently set another ATH (again), but there are indications it is slowing down. Conversely, Ethereum is increasingly exhibiting bullish indicators, positioning itself for a substantial price surge. If Ethereum plays out and explodes, it will have a cascading effect on ERC20 tokens, specifically ENA and Remittix . Who will have a compounded effect of their positive outlook and the base layer Ethereum jump. Cooling Bitcoin Worries Market Several technical indicators are suggesting a deceleration in Bitcoin’s move. Although it made headlines again as it punched a new ATH, its MACD and ROC are pointing towards a downturn. Even the monthly RSI, though higher than expected, is still in neutral territory. The US BTCETFs also mirror the sentiment, with $268 million in outflow. Bitcoin price cooling off after hitting $112K ATH. Graph source: CoinMarketCap Some suggest BTC is just doing a normal retraction, while other analysts see BTC in a Tariff Trap . Coupling this with risks of higher inflation on the horizon, if the Bitcoin price doesn’t shake out of the cooling period soon, it can test the $100,000 floor and in a worse situation, go well below it. Ethereum's Ascending Technicals and Ecosystem Boost While the bull run had many traders disappointed with Ethereum’s performance, this finally seems to be changing. 20, 50 and 100 EMAs are all pointing towards a buying opportunity, supported by its 12 and 26 MACD. ETH price movement for 30 days. Source: CoinMarketCap This technical narrative is further supported by ETF firms, where BlackRock and Fidelity dumped $180 million worth of BTC as it bled, and bought $78 million of ETH instead. EthereumCo-founder Buterin’s privacy advocacy on the Ethereum chain can also be a market mover, further strengthening Ethereum’s jump. What’s the verdict? Experts say Ethereum price can hit $4,000. Ethena On Recovery Ehtena (ENA) has experienced a pretty deep dive. Traders see the recent token unlock as the main reason, with supply flooding the market. Even with technical indicators like 10EMA and ROC showing a strong selling moment, savvy money is seeing this as a buying opportunity. ENA drop may be a buying opportunity. Source: CoinMarketCap With renewed interest in ETH, ERC20 tokens like ENA can ride the wave and recover losses. Pair that with rumors that Coinbase may list it, there is a flurry of buying activity. Remittix May Win The Race While all major ERC20 tokens can take advantage of the ETH predicted price boost, none will enjoy it more than Remittix . The PayFi protocol brings a whole new financial inclusion concept. It breaks the siloed nature of crypto and fiat, merging them into one. With seamless remittance of crypto into fiat, anyone with crypto can send traditional money to loved ones or even do grocery shopping where crypto is not accepted. The secret sauce? A global network of crypto to fiat conversions that has no FX fee and carries a minimal 1% charge for services. Payments are near instantaneous and do away with delays associated with bank transfers. Even businesses can enjoy the service with its Pay API, enabling establishments to accept over 100 crypto, directly deposited as fiat in their accounts. Ready to disrupt the global remittance industry, Remittix can be the ERC20 of choice with the expected Ethereum run as it capitalizes on breaking not only crypto-fiat barriers, but increasing the already fiery interest in its presale . So far, Remittix has witnessed over $15.5 million in the presale with early adopters enjoying a 420% price jump, ready for another jump to $0.0811 from the current $0.0781. Discover the future of PayFi with Remittix by checking out their presale here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
