On Thursday, most top altcoins showed strong signs of life, seeing sharp spikes. Ethereum (ETH), Solana (SOL), and Chainlink (LINK) were in the mix, printing 11.47%, 10.1%, and 12.66% daily gains, respectively. Investors hope this upside momentum will last long and believe a bullish cycle will kick in. Whether or not Solana will retest resistance levels with a 25% rumored spike has been a question short traders and investors hope to get an answer to.
A new entrant, Remittix, a project developed to cater to a multi-trillion-dollar market, climbed its way to 14.4+ million in investor inflows. Retail investors have been racking millions of RTX tokens since its presale went live, minting about 527 million in this period. This explosive growth and the interest of institutional investors have led to market projections reaching up to 100x before the final quarter. Today, we will reveal why Remittix is putting up such impressive numbers, but before that, let’s consider the Solana price prediction.
Solana Price Prediction
Solana was among the top altcoins that managed to post double-digit gains amid the broader market relief. This bounce occurred in the closing trading session of Thursday, after the altcoin market had bruised for successive days earlier in the week. Data from CoinMarketCap shows that the CMC 100 saw a 5.58% daily spike during this window, while Ethereum (ETH), Solana (SOL) and Chainlink (LINK) pumped by 11.47%, 10.1%, and 12.66%, respectively.
At press time, Solana is buying and selling at $118.05, representing a 3.72% daily spike. Traders are growing more confident, with many leaving the sidelines and participating in active trading. Despite the price bump, analysts believe SOL is at a crucial support, suggesting the asset must either continue its recovery or risk a significant market dump. While technical might share conflicting views, TedPillows believes upcoming developments like the Firedancer upgrade, an approval of Solana ETFs and Solana’s inclusion in digital asset stockpile will play a significant role in maintaining the positive sentiment of investors.
For bulls, this is a crucial time. Solana’s continued recovery might revalidate the price channel and provide a route back toward the $145 – $160 resistance zone, particularly if it is supported by increasing volume. On the other hand, a decline this weekend would plunge Solana below key support levels, erasing all the gains from the last two days. If this happens and bulls fail to recover, Solana could embark on a free fall.
Remittix Will Explode in Adoption
Remittix is a newly developed payment network that elevates cross-border transfers to a new level.
This innovative solution will facilitate frictionless cross-border payments without the usual burdens of long waiting days and excessive wiring charges. By guaranteeing zero transfer fees and same-day processing, industry experts are confident that Remittix will explode in adoption.
Remittix’s adoption of the flat-fee model will ensure that remittance fees do not drain transfers. This means that when a user makes a cross-border transaction, the exact money sent is what the recipient receives. By using Remittix, businesses and users will enjoy complete autonomy over their funds.
Concluding Thoughts
Solutions like Remittix that provide a much needed utility are bound to explode once it hits the market. Remittix’s ongoing presale has maintained surprising momentum, securing a whopping 14.4+ million in a short time frame. The aggressive accumulation of $RTX tokens by institutional and retail investors confirms the global interest.
The official launch of the project is one the most anticipated events this year; invest in Remittix before it begins. It sees a big breakout.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
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