As Bitcoin continues its gradual recovery after hitting a low of $74k last April 7th, many altcoins are jumping into the mini-rally, with the Solana price rising above $150 this week, keeping an eye on a possible $220. The market is becoming more favorable to Solana and other major altcoins, with at least 70 crypto ETFs, including SOL ETFs, gunning for SEC approval, a record number for the industry. While all eyes are on SOL and other cryptos with ETFs, there is a potential May surprise that’s currently unfolding: Remittix leading the PayFi revolution!
A better PayFi? Remittix is in the mix for degens looking for explosive growth
Innovation-wise, Ripple’s XRP was one of the OGs in the industry. PayFi’s early stalwarts dreamt of software to process cross-border payments that’s fast and cheap, eventually replacing SWIFT. However, these early PayFi projects faced regulatory challenges from the SEC, slowing down its project.
Now there’s a new project: Remittix. This new project also aims to simplify cross-border payments, but this time, allowing users to use their cryptos to complete fiat payments. It’s easy to use, with features similar to other fintech apps that allow payment transfers in just a few taps. Remittix’s payment solution is also for businesses looking to scale their services and accept crypto while settling purchases in fiat. The revolutionary API is fast gaining traction among industry observers and investors; Remittix’s presale is heating up, with $14.5 million raised so far and rising fast.
Target $220 locked; SOL races towards greater institutional adoption
We all know that Solana is a high-performance blockchain, but its recent price struggles cast doubts on its future. While some devs are leaving SOL for other platforms or forming another venture, it seems it’s glowin’ up among institutional investors. CoinDesk reports that Mike Novogratz’s Galaxy Digital recently swapped its ETH for SOL. Some analysts are excited by this on-chain data, suggesting an increased confidence in Solana’s future.
Galaxy Digital holds 179k per Arkham Intelligence
The result: The Solana price is picking up, now 14% and 36% from its previous week and two-week levels, suggesting a steady surge. It’s also helping that Solana is making its move towards PayFi, with Astra Fintech recently announcing its $100 million fund to support the growth of Solana’s ecosystem in Asia.
Solana price over a 7-day chart
Final thoughts
As the Crypto Fear and Greed Index needles past neutral, Solana is cautiously leading the charge among established altcoins. Financial institutions are pushing hard for spot ETF approvals and Solana continues to draw attention from traditional financial institutions and investors. But the real action happens with the up-and-coming crypto projects, like Remittix, which is on presale. The new PayFi player is slowly gaining steam, offering an alternative payment platform for individual and enterprise consumers with its crypto-to-fiat payments.
Currently priced at $0.0757, the crypto sets the stage for early adopters and investors to claim bigger returns. Unlike other PayFi projects which faced a few legal roadblocks, Remittix is racing off, with over 55% of its presale token allocation sold, making it the best crypto presale to check today!
Learn more about Remittix and how it’s disrupting the PayFi revolution.
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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