XRP News Today: Altcoin Powered by Remittix Raises 15.7 Million, Aims for 18-Million Soft-Cap

An altcoin, currently valued at approximately $0.07, has captured the interest of market analysts who predict it could surge to $10 by 2025. This optimistic forecast is drawn from comparisons to the trajectory of XRP, a prominent cryptocurrency known for its significant growth. The altcoin in question is part of a broader trend of presale cryptocurrencies that are attracting investors with their potential for high returns.

The altcoin, powered by Remittix, is designed to address friction in global settlements by delivering cryptocurrency to bank accounts in under ten seconds, bypassing the traditional correspondent network. This mechanism is similar to XRP's early days, where it tackled the issue of slow and expensive international payments. The new token aims to serve a different user base, including retailers, freelancers, migrant workers, and e-commerce sellers, who prioritize speed over settlement infrastructure.

One of the key features of this altcoin is its deflationary mechanism. The chain burns gas fees with every transfer, which means the supply will decrease as adoption increases. This scarcity effect is expected to accelerate price discovery once real-world volume is in effect. Additionally, the token's initial value is lower than many meme-coins, making the path to reaching double-digit prices more feasible.

The project behind the altcoin is quietly racing towards an 18-million-dollar soft-cap, with larger caps struggling to break out to new all-time highs. The team has rolled out a SPRINT50 program, offering a 50 percent token bonus to new participants to broaden the early holder base before the full release of the wallet in Q3 2025. This initiative is aimed at fueling the last push towards the soft-cap.

According to the project leads, once PayFi corridors are live, every bank transfer will automatically burn a token plus a micro-fee directed to holders. This on-chain loop is designed to reward long-term commitment rather than short-term speculation. The token has already raised over 15.7 million and is just under 2.3 million away from reaching its soft-cap.

The altcoin's potential for growth is supported by its technological advancements and market positioning. It aims to provide solutions that address current challenges in the cryptocurrency space, such as scalability and cross-chain compatibility. These features are expected to attract a wider user base and drive demand for the token. However, it is important to note that the cryptocurrency market is highly volatile, and past performance is not indicative of future results.

Investors should conduct thorough research and consider the risks associated with investing in presale cryptocurrencies. The success of the altcoin will depend on various factors, including market conditions, regulatory developments, and the project's execution. While the altcoin's potential for growth is promising, investors should approach with caution and make well-considered decisions based on reliable information and analysis.