The cryptocurrency market is ever-volatile, with investors ready to move at the slightest bearish prediction.
Solana (SOL) and Ripple (XRP) struggle to hold ground. Solana price faces correction, while XRP news has a bearish outlook.
Simultaneously, an emerging altcoin, Remittix (RTX), defies the odds and changes the narrative. RTX has surged over 484% driven by a massive spike in whale accumulation.
Solana Price Faces Resistance at $180
After having a good run in July, traded above $200, Solana’s price has seen a moderate correction over the past week, currently trading around $178.
SOL is being rejected at the $180 major resistance level. According to Investtech analysts, Solana is within a horizontal trend channel, indicating that investors are uncertain and waiting for signals of further direction.
On-chain data suggests a decline in active addresses and network activity, raising short-term concerns. Solana price remains vulnerable to broader market sentiment.
XRP News: Banks Oppose Ripple’s Banking Federal License Bid
A recent XRP news report revealed that 42 banks have declared opposition against Ripple’s banking license application in the United States. These banks wrote to the Office of the Comptroller of the Currency (OCC).
They stated that Ripple does not meet the legal definition of a fiduciary bank and called the public comment process “procedurally deficient.”
After this XRP news update, crypto analysts and enthusiasts have shared their opinions. Some believe that the banks are feeling threatened. While other analysts believe Ripple should be granted the license.
Remittix Climbs 484% – Fueled by Whale Volume and Market Buzz
Following a massive whale purchase, the Remittix’s token, RTX, has climbed by 484%. With this massive amount of whale inflow, the question running across crypto platforms is: What potential does Remittix have?
Remittix is a newly launched Pay-Fi project that aims to bridge the gap between traditional payment and cryptocurrency. It’s built on the Ethereum blockchain, solving a global $19 trillion crypto-to-fiat payment problem.
With its deflationary tokenomics and utility token, RTX, positioned for adoption and powering the ecosystem, early investors are positioned for a 1000x.
Why Remittix?
- Recipients do not need a wallet; it’s fast, reliable, and has no transaction charges or FX conversion problems.
- Direct crypto-to-bank transfers in over 30 countries
- Remittix has completed a full audit via CertiK to build user trust and allow transparency.
- 50% token bonus is still live for early backers.
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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