President Trump's announcement of a strategic crypto reserve yesterday has been causing a wave of both optimism and skepticism. The announcement initially only mentions three Crypto Assets: Solana, Cardano, and Ripple. But does that mean the other assets like BNB, AVAX, and others are sidelined? Market experts have taken different approaches to interpret Trump's true social post in ways that suggest other crypto assets might also see a boost with this announcement.
Binance former CEO Changpeng Zhao was one of the most vocal analysts yesterday, highlighting a part of the president's tweet that says “others” will be considered later. But while the “others” remain speculation, a new PayFi coin showing an independent surge seems to be catching investors' attention. Here are the details.
Is BNB a Good Bet In This Uncertain Crypto Season?
Before Trump's announcement yesterday, one main point raising confusion was the current state of the crypto market: Are we in a bull or bear season? While the year started in a strong bullish direction, the days that followed have shown many red candles, suggesting a reversal into a bearish market. However, yesterday's announcement seems to be causing a change from the bearish move that is currently overwhelming the market.
But, while Trump's announcement only identified 3 coins initially, the entire market seems to have reacted to the news, with the BNB price moving briefly from $570 to $634. However, the BNB Coin is not explicitly mentioned in the announcement, which poses a hard bargain to go all-in for a long-term investment. A combination of different factors, including the growth of the Binance exchange, could contribute immensely to the growth of the BNB price in the future. However, the Trump effect does not look like a factor that could contribute much to the BNB coin anytime soon.
Assessing AVAX Potential Following Trump's Announcement
The AVAX coin responded similarly to the Trump announcement, briefly rising 6.9% in the last 24 hours. However, this does not look like a long-term solution to continue pushing the price higher. The Avalanche layer 1 blockchain presents an upgrade to the older DeFi solution, promoting faster, cheaper transactions, which has been boosting its growth in the last few months.
However, with the growing numbers of layer 1 solutions in the crypto market, the AVAX future is clouded in uncertainty as it continues to battle competition. And since it was not listed in Trump's announcement, the growth rate of the AVAX coin might be slowed in the coming months.
Why Remittix Continues Growing Even Without A mention
The ongoing Remittix ICO is taking a new run higher with seasoned and new investors joining the presale from other crypto assets. This dynamic investment has set the token on a new surge path, with investors claiming up to a 5x rise in the last few weeks since the presale started. As a result, while the Trump announcement added a little push to the overall market growth, the Remittix token is projected for a higher growth in the coming weeks independent of the Trump effect.
A primary factor projected to contribute to the Remittix token's growth is the token's utility and the exchange's impact on the payment sector. The Remittix exchange crypto to FIAT is a next-level solution projected to see market-wide acceptance as it makes payment easy for individuals and businesses. Hence, the bullish sentiment around the Remittix token, with bull projections as high as 50x this year.
The utility of the Remittix token makes it an ideal investment for investors looking to grow their portfolio continuously. Analysts predict a surge that could easily rival the listed coins in the US crypto reserve this year, leveraging a widespread utility. Now is the best time to buy the Remittix token before the price becomes too high.
Check the presale website using any of the links below to start today.
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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