Remittix Gains Traction with Global PayFi Expansion as HBAR and AVAX Face Market Struggles

Remittix (RTX), a PayFi application, has surged in prominence after raising over $28 million with more than 40,000 holders and attracting over 370,000 entries in a $250,000 giveaway. The project is already live, targeting 60+ countries and 120+ currencies, and supports direct crypto-to-bank settlements with real-time FX conversion. It handles 40+ cryptocurrencies and 30+ fiat currencies, operates on multiple chains including Bitcoin, Ethereum, Solana, and Tron, and implements a deflationary model that burns 10% of every transaction. Additionally, Remittix has secured the CertiK seal of approval and listings on exchanges like BitMart and LBank, with more planned.

In contrast, HBAR (Hedera) is trading near $0.16 after a 0.4% dip, hampered by failed institutional ETF expectations and limited enterprise partnerships. Hedera CEO Mance Harmon warned that tokenization could repeat DeFi's mistakes without transparency and regulation, urging responsible adoption. HBAR's price is hovering near a key order block from $0.1428 to $0.1516, with resistance around $0.18, but its Governing Council's approach may deter decentralized investors.

Similarly, AVAX (Avalanche) struggles at $15.56 with a 34% drop in network activity, despite technical upgrades. Its DeFi ecosystem faces declining users, and the price is in a critical buyer zone between $15 and $15.5, with RSI showing higher lows that could signal a bullish reversal if it holds above $14.40 support.

Investors are increasingly favoring utility-driven projects like Remittix, which offers a working wallet beta and a 15% USDT referral program, over slower-moving alternatives. The shift underscores a broader market trend toward practical applications in global payments.