The crypto market is abuzz with altcoin rallies and the pending bull run season. Hyperliquid (HYPE) has been one of the best performers in the last two months, clinching its ATH at $35.02 on December 21, 2024.

Since then, the hype has reduced (pun intended). The token crashed by 30% to $24. As a result, investors now target SUI and Remittix to recoup their losses in the crypto market. While SUI is an established token, Remittix is a new crypto that has gained a huge amount of attention after raising more than $1.7 million in just 9 days!

Remittix: The PayFi crypto-fiat token revolutionizing the global payment system

Remittix (RTX), a PayFi blockchain, uses cutting-edge payment technology to transfer crypto-to-fiat money across international boundaries. With Remittix, digital and traditional currencies may be linked, facilitating seamless transfers between the crypto and fiat worlds.

Remittix allows users to instantly convert more than 100 different cryptocurrencies to fiat cash and send the money to any bank account worldwide. The transaction cost varies from free to 1%, depending on the platform.

A major pro of Remittix is that your recipient will not be able to tell that you paid with cryptocurrencies since they will get your payment in their preferred fiat currency. Users of Remittix are granted full liberty and freedom when it comes to the allocation and movement of funds.

Remittix is in its presale phase and is available for $0.0185. In only a few days, the new crypto has raised $1.7 million by selling 100 million RTX tokens, clearly demonstrating its attractiveness to smart investors .

HYPE suffers outflow amid North Korea’s hack

The Hyperliquid (HYPE) ecosystem includes several essential protocols. Notable among HYPE’s protocols are decentralized exchanges (DEXs) that enable decentralized trading operations, such as Kittenswap, Curve, and HyperSwap.

HYPE users have alternatives to earn interest and stake assets on platforms like Thunderhead, Stakedep, and Kinetic, which offer staking, lending, and stablecoins. With staking, HYPE token holders may lock their tokens and help verify new blocks, contributing to the network’s security.

HYPE follows a similar pattern to other proof-of-stake networks, as validators are responsible for proposing new blocks. The quantity of HYPE bet on them is the basis of the proposition. With this update, HYPE stakeholders may now play an essential part in network security and receive incentives simultaneously.

After suspicions surfaced that North Korean hackers were using its network, HYPE experienced substantial net outflows of almost $250 million. This hack caused a downturn in the HYPE network, greatly affecting its impressive run in the crypto market.

SUI expects a boost following Haedal Protocol’s seed funding

Haedal Protocol (HP), an ecosystem platform focusing on liquid staking solutions for the SUI blockchain, has closed a seed fundraising round. Prominent investors in the round included SUI Foundation, Comma3 Ventures, Hashed, OKX Ventures, Flow Traders, Animoca Ventures, Dewhales Capital, Cetus, and Scallop.

With HP, users may stake SUI tokens on the Sui blockchain and receive staking incentives. The platform also maintains liquidity via haSUI. HP helps SUI develop and decentralize by concentrating on user-friendliness and DeFi integration.

Haedal plans to use the freshly acquired capital to improve its liquid staking infrastructure, expand its on-chain earning offerings, and strengthen SUI to compete in the crypto market.

With HYPE experiencing downtime, SUI and RTX have become investors’ favorite destinations in the crypto market, but the new crypto RTX will be offering substantial gains.

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

• Website: https://remittix.io/ 
• Socials: https://linktr.ee/remittix

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.