The ETH/BTC price chart is one of the key indicators that suggests there’s a potential breakout soon. ETH/BTC currently stands at 0.033, but Michaël van de Poppe says it will potentially reach up to 0.04 by January 2025.
Based on this forecast, and the massive accumulation spree going on, we could see ETH skyrocket to new highs in January. Another altcoin that ETH whales have been piling into is ERC-20 token Remittix (RTX), as it looks like the best crypto poised for an explosive rally in 2025.
ETH/BTC Ration Suggests That Ethereum Could See New Highs in January
A key metric we use to tell how well the Ethereum price is faring compared to Bitcoin is the ETH/BTC chart. The ratio is often an indicator of a major price rally and recent data shows that the ETH/BTC ratio is moving towards a critical level.
From the range of 0.033, Michael van de Poppe has predicted that it could reach 0.04 by January. The Ethereum coin has struggled to cross this level since November. Hitting 0.04 will mark an increase of 20% for Ethereum (ETH) against BTC. More importantly, it will open up the opportunity for a bullish breakout and spark a potential altcoin season.
CryptoQuant analyst MAC_D recently posted that the balance of Ethereum accumulation addresses went up by a staggering 60 percent from August to December. At that time these HODL wallets increased their portion of the ETH supply from 10% to 16% or 19.4M ETH out of 120M ETH.
Based on the ETH/BTC ratio, we could see the Ethereum crypto clear the $4,000 resistance. If this happens, ETH could record even larger gains in January.
While CoinMarketCap’s data Ethereum (ETH) still trades under the $3,500 range, the altcoin price could climb higher. According to James CryptoGuru, the ETH price could increase toward $6,000, which will mark a new ATH for one of the top crypto coins.
Why ETH Whales Have Been Storming Into Remittix (RTX)
Over the last few weeks, ETH whales have been showing an interest in Remittix (RTX), a new DeFi project with the vision of solving financial challenges. Over 42 million $RTX tokens have been snapped up by whales, pushing the crypto ICO of Remittix above $650k in record time.
Remittix is bridging the gap between DeFi and the TradFi payment system. With its platform, Remittix users are able to convert cryptocurrencies to fiat and send them to bank accounts worldwide. The Remittix Pay API is central to its potential of being the new XRP. This feature enables businesses to accept crypto payments in 50+ pairs and to settle in fiat currencies.
The Remittix Pay API supports over 30+ fiat currencies, giving businesses more flexibility. Remittances are done through flat fee pricing, making it ideal for users and also for businesses. As more merchants find the appeal of accepting payment through cryptocurrency, Remittix could be at the center of the mass adoption, unlocking a whole new wave of liquidity for the crypto space.
This adoption would help put the DeFi coin in prime position to capitalize and thus increase in value, attracting more and more investors. While $RTX has increased from $0.015 to trade at $0.0163 in presale, experts believe it could cross $1 before the first half of 2025, making it one of the best cryptos to buy now.
ETH or RTX, Which is the Best Altcoin To Buy Now?
A breakout in the ETH/BTC pairing could lead to a wave of increase for the altcoin. However, while ETH could increase towards $6,000 in January, whales have identified that Remittix has more potential for more growth than ETH thanks to its unique use case and low market cap.
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The post ETH Could Make New Highs In January; Ethereum Whales Pile Into Remittix (RTX) appeared first on Blockonomi.
