The Bitcoin Cash and Avalanche prices have been on a long drag trying to reclaim their all-time high for the last few years. This drop shows Avalanche down more than $100 while Bitcoin cash is facing a drawdown of over $3500 below their ATH. However, while these two assets remain in the top 20 crypto, can they reclaim their previous ATH?
While Avalanche price growth in the last few months shows signs of recovery, Bitcoin Cash faces declining adoption and drawdown. Here is a breakdown of their current performance and growth projection for the coming months.
Is Avalanche Price Growth A Recovery Towards ATH?
Fundamental factors have been helping the Avalanche price move towards a total recovery in the past few months. This includes an aggressive campaign aimed at breaking into various markets.
This has yielded a positive result lately, with rising institutional interest and subnet adoption. Also, in recent strategic partnerships, JP Morgan and Citibank have used Avalanche to tokenize real-world assets.
But, how has this translated to growth for the Avalanche price? While the Avalanche price is still down over $100 from its ATH, recent growth saw a surge of more than 30% in the last month.
Furthermore, following technical analysis, the Avalanche price is projected to hit $35 this year as it approaches its next key resistance. However, while the factors like growing interest in Avalanche ETF and utility continue, the price returning to its $146 ATH might still be a matter of years to happen.
Why Bitcoin Cash Relevance Might be Fading Already
While the overwhelming support for Bitcoin Cash in 2017 saw the price hit over $4,000, fading relevance has kept the coin struggling. Significant factors contributing to its slow performance include increased Bitcoin cash security concerns and a lack of innovation. There has not been a major whale activity in the last few months, showing a lack of motivation from investors and declining adoption.
The Bitcoin cash price action also hints at a potential for further decline. This is with the price showing a rejection at the $550 resistance, and forming what now looks like a double top pattern.
Remittix Rule As Next Altcoin to 100x
Remittix has continued showing why experts now call it the XRP 2.0, with a presale surge of over $16M. This shows the fast-growing demand for the Remittix token as its use case sets it up for long-term demand.
Analysts have projected that the Remittix token could be launched as the next crypto altcoin to 100x this year. However, some of the factors fueling these projections include:
- Cross-border payment support
- Support for more than 40 crypto assets in its crypto-to-fiat conversion
- Early investors are rewarded with up to 50% of the investment and $25,000 each in $RTX giveaway to 10 people
Experts believe other factors fueling demand right now include the recent CertiK audit reveal. This security reveal has further boosted investors’ confidence, showing Remittix’s security and transparency.
But with the Remittix presale ending soon, now might be the best time to invest in this revolutionary PayFi token.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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