Ethereum News: Pectra Upgrade Planned for Q1 2025, ETH NFT Volume Skyrockets, Remittix To Launch PayFi

The crypto market is on fire again, with Ethereum (ETH) making headlines. This is because hype is growing for the highly anticipated Pectra upgrade, which is scheduled for Q1 of 2025. With this upgrade, users will get easier and faster ways of starting or managing staking operations. Not only that, but the Ethereum NFT market skyrocketed with around 1B sales in just one month.

As if all of these developments were not enough, Remittix (RTX) is preparing to launch its PayFi platform. With this platform, Remittix aims to revolutionize cross-border payments. With over 42M RTX tokens sold and $650K raised by Remittix in phase one of its presale alone, demand for this project is sky-high. Early investors think that this altcoin has huge upside potential for 2025.

Ethereum (ETH) Pectra Upgrade: What To Expect in Q1 2025

Ethereum (ETH) is constantly attempting to innovate in the crypto space. Recently, hype is growing for this altcoin thanks to its upcoming Pectra upgrade. The Pectra update for the Ethereum network has been reported to be the largest hard fork yet and so the developers have had to split it in two.

The first package will include eight EIPs. Some noteworthy ones are EIP-7702 which is a plan to make using wallets more sophisticated and EIP-6110 that will bring changes to how staking works. The second one will improve data availability for L2 solutions as well as reduce the complexity of smart contracts.

Although there is no set date for Pectra’s launch, the first package is anticipated to launch in Q1 of 2025. Ethereum recently launched the Mekong testnet, which clearly sets the stage for Pectra’s go-live.

Ethereum (ETH) NFT Volume Skyrockets As Token Price Rises

In other Ethereum news, its NFT volume has skyrocketed. Notably, NFTPriceFloor data points to Ethereum NFT volume soaring around 1B in just one month. This is over a 40% increase from the month before.

Out of all the collections, the Pudgy Penguins sat at the top with around $294M in sales volume during that time. Next up, Lil Pudgys made noise with $120M, as did Azuki, which saw over $96M in sales volume.

All these factors could make interest in the Ethereum coin rise again. Speaking of which, its value has jumped around $1 on the weekly chart. CoinMarketCap shows it now trades around the $3,300 and $3,340 levels.

Remittix (RTX) To Launch PayFi: The Next Revolution Incoming

While Ethereum (ETH) continues to dominate headlines, Remittix (RTX) also makes a name for itself. This project aims to capitalize on the growth of the cross-border payments market, which Mordor Intelligence predicts may be worth $295B by 2029. To accomplish this, Remittix will launch a crypto-to-fiat platform that will let users convert over 40 crypto coins to fiat currencies, including USD, GBP, and more, and then send them to any global bank account.

Not only that, this will be done using a flat fee with no hidden costs for FX or wires. Thanks to this aspect, users will get a cheaper rate than any traditional bank. Therefore, Remittix may become a fan-favorite among millions of individuals as all these features could make it a hundred leagues above its rivals like Stripe or Wise.

The RTX native token will lie at the core of its ecosystem. The Remittix team has implemented many buying incentives for this crypto coin. These include staking rewards (4% to 8%) and the ability to impact the future of the platform thanks to governance voting rights. One RTX costs only $0.0167, which is just over an 11% rise from its starting presale price of $0.015. However, a top-tier crypto exchange like Uniswap listing this token may cause a major price surge.

Ethereum (ETH) vs. Remittix (RTX) – Which Altcoin May Stand Out?

Ethereum (ETH) and Remittix (RTX) will bring something new to the crypto space. While ETH continues to improve user experience, RTX could disrupt the cross-border payments market. But, RTX may have an advantage as it will have a smaller market cap than ETH. Therefore, it will need less money for its price to skyrocket.

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

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

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