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The Solana token looked to be back in business last week, as the token rallied upwards to a weekly peak at $145. Traders had set targets for a $150 resistance breakthrough, but the Solana price was headed elsewhere.
With the bearish pressure piling on Solana, Remittix is gaining even more attention from DeFi traders. The new project is a PayFi platform that is finally addressing one of the fundamental issues in cryptocurrency–withdrawing and liquidating crypto assets.
Curious about Remittix? We have more on the new token here.
Solana Price Last Week: Surge, Then Downward Spiral
2024 was quite the year for Solana, as its ecosystem became a hub for meme coins to launch. With all the utility provided by other DeFi features, the SOL ecosystem was one place to be.
This year has been a tumultuous one for the Solana token so far, as SOL has corrected massively from its ATH. However, the Solana price picked up pace last week, especially in the light of news on the proposed Solana ETFs.
The hype was only to be short-lived, though. Solana currently trades at $125.48, as its daily losses have culminated in a 3.74% weekly dip. With such losses on the SOL charts, even devout holders might be looking elsewhere for their profits.
Two Reasons For The Solana Price Dip
There are a number of reasons for the Solana decline, one of which comes from the meme developments last year. Meme coins have been traditionally sentimental, as most of them lack real utility or use cases.
The lack of applications often leaves meme coins susceptible to price fluctuations and prolonged dips. And since memes were an integral aspect of the Solana success last year, the dip in meme coin activity will have telling effects on the entire blockchain.
A second reason is that the network activity and DEX volumes are dipping at the moment, with most of the holders already on other projects for massive returns in 2025. As a result, experts have pointed out that the Solana price could reach $113 before a rebound is feasible.
Remittix (RTX) is one of those other projects. The presale has been irresistible, for the most part, and there’s talk of a 130x price rally on RTX tokens.
Here’s more.
Remittix Is The Future Of Crypto Transfers
The RTX coins are sporting the potential to join the top trending cryptos in the market, especially with their potential profits. But more than the gains, the platform is introducing a new portal for crypto withdrawals.
Unlike the regular exchanges, the crypto assets on Remittix can be sent directly into fiat bank accounts, and not just the ones linked to the Remittix account. Users only need to provide details of the recipient bank account, pay gas fees, and approve the transfer of crypto assets; the platform handles the rest.
Fun fact: Users can make transfers to almost all the popularly traded fiat currencies in the world. The platform already supports more than 30 of those currencies and about 40 cryptocurrencies, so the average crypto trader is not stranded for transfer options.
With such reach, users all over the globe can send cryptos to their family, friends, and associates in other parts of the world without having to rely on remittance systems. Remittixtransfers are fast, safe, and without traces to the blockchain, and that’s why the platform is going to be an instant hit.
Get In On The Remittix Presale Here!
The RTX coins are in presale now, with each going for $0.0734. That’s quite the bargain, given their potential, and early presale buyers could get a huge chunk of the presale ROI.
The much-anticipated rally is tipped to come as soon as the Remittix platform goes live. There’s a lot of expected traffic, and with increased demand and use, the RTX coins will only keep rising in value.
Get your own tokens today!
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
