The OG Bitcoin has started a gradual recovery process after hitting a low of $74k in the first week of April. Several altcoins are catching on to the mini-rally, with the Solana price, for example, rising above $150 this week. Experts also advise closely monitoring the altcoin’s push to a possible $220 price.
Essentially, the market is now more encouraging to Solana and other top altcoins, with more than 70 crypto ETFs, including SOL ETFs, striving for SEC authorization, a record figure for the crypto space. Now, all eyes are on SOL as market investors seek the best crypto to buy. Is there a potential May surprise that’s currently unfolding?
Is SOL The Best Crypto To Buy As It Attracts Bigger Institutional Adoption
Despite being a high-performance blockchain project, Solana has experienced price struggles recently, casting doubts on its future potential. While some devs choose other projects over SOL for their platform developments or create another experience, Solana enjoys widespread acceptance among institutional investors.
CoinDesk reports that Mike Novogratz’s Galaxy Digital recently exchanged its ETH for SOL. This on-chain data boosts confidence for some market observers, indicating a heightened optimism in Solana’s future. According to Arkham Intelligence, Galaxy Digital also holds 179k worth of SOL.
As a result, the Solana price is picking up, with 14% and 36% growth from its previous week and two-week levels, respectively. This growth shows a steady surge as investors have found it could be the best crypto to buy this year.
It’s also a plus that Solana is moving towards the PayFi industry, with Astra Fintech recently announcing its $100 million fund to back the development of Solana’s ecosystem in Asia. Below is a chart showing Solana’s price over 7 days.
Why Might Solana Be The Best Crypto To Buy?
- Growing adoption
- Increased buying pressure
- Ecosystem-wide optimism
- Fresh infrastructural upgrades
- Market experts endorsements
- PayFi moves
- Bitcoin-led Market Rebound
Experts believe Solana could be the best crypto to buy for massive returns this year for these 7 reasons.
However, another project, although new, is gaining significant traction. Remittix, currently valued at $0.0781, is the crypto setting the stage for early investors to earn a bigger ROI. Compared to other PayFi projects that have encountered a few legal roadblocks, Remittix is racing off, selling out its tokens rapidly, raising capital, attracting adoption and leveraging a growing PayFi market.
Remittix ($RTX) Presents A Better PayFi Project Set for Explosive Growth
Ripple’s XRP has established itself for a long time as one of the OGs in the market. According to PayFi’s early stakeholders, the dream was always to have a solution that can process cross-border payments that’s fast and cheap, and take over from SWIFT. But, like XRP, these early PayFi projects struggled with regulatory pressures from the SEC, slowing its project expansion.
Thankfully, a new project called Remittix ($RTX) seamlessly simplifies cross-border payments. Also, this time, the project allows users to use cryptos to complete FIAT payments. Remittix is easy to use, with features identical to other fintech apps that allow you to transfer money effortlessly.
Remittix’s payment solution is also a good fit for businesses seeking ways to scale their services and accept crypto payments that settle in FIAT. With its revolutionary API, businesses have found a new way to operate. Hence, it is rapidly gaining traction among industry observers and investors.
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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