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Breaking News: An Ethereum-Based Cryptocurrency With FIAT Backing Has Quickly Become XRP's Biggest Rival!

11-03-2025 01:48 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: BTCPressWire

/ PR Agency: BTCPressWire
Breaking News: An Ethereum-Based Cryptocurrency With FIAT

Breaking news in the crypto market points to a major shift in competition. The Ethereum price has faced volatility lately, but a new FIAT-backed token built on Ethereum is rapidly rising. While XRP News continues to highlight Ripple's growing payments network, analysts say Remittix, a PayFi project bridging crypto and banking, could soon become its strongest competitor. Remittix has raised over $27.8 million through over 682 million tokens sold, currently priced at $0.1166 each, showing accelerating investor confidence.

XRP News: Transaction Surge Signals Renewed Adoption

Fresh XRP News reveals that the number of newly activated XRP accounts nearly doubled in just days, with over 9,900 accounts registered https://x.com/cmegroup/status/1983558191355949232 on October 30. Daily payments have surpassed 1 million transactions, totaling over 1.2 billion XRP transferred between users. This sharp rise in network activity hints at renewed demand and possibly institutional testing of Ripple's global payment rails.

Nevertheless, the token is trading around the $2.52 price https://www.tradingview.com/symbols/XRPUSD, which is between the key resistance of $2.80 and the support level of $2.35. Analysts indicate that surpassing the 200-day EMA may accelerate gains to $3.00; however, dropping below the present support may lead to stopping the trend. However, despite the fluctuating momentum, XRP news is still positive, as on-chain expansion and inflows of liquidity are finally set to experience a greater recovery in the fourth quarter.

Breaking News: Ethereum Price Action Fuels Broader Market Headlines

The Ethereum price recently corrected by 20% but remains up 178% from yearly lows, holding firm near $3,857. https://www.tradingview.com/symbols/ETHUSD/ Analysts note a bullish flag pattern forming on the weekly chart, supported by $114 million in ETF inflows last week. BlackRock's ETHA and other major funds now hold over $15 billion combined, helping stabilize demand.

Ethereum is above its 50-week and 100-week EMAs when using technical indicators, and this reflects a strong Ethereum in the long term. With continuity, the Ethereum price may revisit the price of $5,000 by the end of the year. Nevertheless, institutional rotation into more recent-payments oriented-tokens indicates that investors are no longer just investing in the DeFi ecosystem on Ethereum to diversify into utility-oriented projects such as Remittix.

Remittix: The FIAT-Backed PayFi Powerhouse Redefining Utility

While breaking news headlines spotlight Ethereum and XRP, Remittix https://remittix.io is redefining digital payments. The project has completed CertiK KYC verification and is currently ranked #1 Pre-Launch Token on CertiK Skynet. Its wallet beta is live, and the Web App, set for mid-Q4, will introduce real-time crypto-to-fiat transfers in over 30 countries. Two centralized exchange listings are confirmed, with two more already secured for future milestones.

Why Remittix Is Capturing Global Attention

● Ecosystem expansion includes wallet, web app, fiat rails, and API integrations for developers and payment providers.

● Multiple CEX listings secured, including BitMart, with more top-tier exchanges confirmed for post-launch.

● Ranked #1 Pre-Launch Token on CertiK Skynet, boosting investor trust and legitimacy.

● Integrates FIAT and DeFi through a unified Web App ecosystem.

● Exchange rollout expanding global liquidity and user reach.

Remittix Is The New Face of Payments

As breaking news, XRP news, and the Ethereum price dominate the headlines, Remittix stands as the quiet revolution in PayFi. With its FIAT-backed model and cross-border use cases, it could emerge as one of the best crypto projects of 2025, a true next 100x crypto contender, and the leading example of crypto with real utility in the evolving digital finance era.

Discover the future of PayFi with Remittix by checking out their project here:

Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk, including total loss of capital. Readers should conduct independent research and consult licensed advisors before making any financial decisions.

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