Solana and Dogecoin have both taken hits this week, but one newcomer is earning its place in portfolios. Solana fell nearly 9.5 % after U.S. tariff news shook risk assets, while Dogecoin plunged amid a broad altcoin sell-off. Meanwhile, Remittix (RTX), a sub-$0.0895 utility token, has climbed as investors seek real-world use cases.
Solana’s Sharp Decline Tests $170 Support
Solana’s price dropped 9.5 % over 24 hours on August 1, tumbling from around $200 to near $181 after new U.S. tariffs rattled markets. That move erased most of Solana’s gains from mid-July and tested critical support at $166. On-chain, daily transactions dipped 14 % as traders rotated out of high-throughput chains.
Charts show SOL forming a descending channel, with a close below $170 opening a path to $156. Conversely, reclaiming $200 could ignite a relief rally if broader sentiment improves.
Dogecoin Dips Despite Community Hype
Dogecoin fell 10 % alongside XRP and Solana as long liquidations piled up during last week’s altcoin downturn. DOGE slumped from $0.22 to $0.198, breaching its 50-day moving average and pushing RSI into oversold territory. Active addresses dropped from 420,000 to 385,000, indicating lower network engagement.
Some traders view sub-$0.20 levels as buying opportunities, but with Dogecoin’s path to $0.25 requiring renewed volume, many are hedging into tokens with clearer utility narratives.
Remittix’s Utility-Driven Surge
Remittix (RTX) is carving out an alternative to pure-play altcoins. RTX has jumped 484 % since mid-June, fueled by over $28 million in cross-border pilot transfers in Ghana and Kenya and a $250 000 community giveaway that drove a 420 % spike in wallet sign-ups. CertiK-audited contracts and a Q3 2025 wallet beta launch supporting 40 + assets with real-time FX conversion have won institutional interest.
Here’s why Remittix stands out:
- Solving a real-world $19 trillion payments problem
- Direct crypto-to-bank transfers in 30+ countries
- Deflationary tokenomics designed for long-term value
- $250 000 community giveaway driving grassroots growth
- Q3 2025 wallet beta launch with real-time FX conversion
Those milestones underscore RTX’s appeal as a hedge against Solana’s and Dogecoin’s volatility. Network effects from the giveaway and the imminent wallet beta could drive RTX toward 50x gains, making it a strong contender under the Cardano Price Prediction umbrella.
Diversify with Real-World Payments
Solana’s tariff-driven sell-off and Dogecoin’s meme-coin correction highlight the risks of hypothesis-driven trades. Remittix offers a different proposition: live payment corridors, audited infrastructure, and a major community incentive program.
Allocating a slice of capital to Remittix alongside core holdings could balance speculative pressure with tangible utility, potentially rescuing portfolios when top-10 tokens stumble.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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