Solana Price Gearing Up For Rally To $220, But Remittix Is Set To Skyrocket 1000%

The Solana price action is gaining traction as recovery in network activity alongside technical factors paints a bullish outlook for SOL. But as altcoin behemoths like Solana lead the latest market rally, rising project Remittix is making a strong impression with real-world payment solutions and intense early adoption.

Its presale has accrued $14.7 million from investors who have already locked in profits of 550% and are expecting another 1000% before the end of the altcoin season.

Remittix’s PayFi utility attracts investors anticipating a 1,000% surge

Source: Remittix

Solana might attract interest due to its technical abilities, but Remittix is where early-stage investors are focused right now. The new PayFi project offers a straightforward solution to deal with commonly faced issues in the $190 trillion cross-border payment sector. Its core proposition entails bridging crypto and traditional finance, allowing users to leverage over 100 cryptocurrencies to send fiat payments directly into bank accounts globally.

This new crypto focuses on underserved areas like Southeast Asia and Africa. Imagine a freelance writer in Nigeria who needs to receive payment from foreign clients and convert it to Fiat currency to settle bills and payment needs. Through Remittix, these groups of individuals can work comfortably together, meeting their financial goals.

Firms and companies can use the Remittix Pay API to accept payments globally and settle transactions in fiat to any supported global banks. This decentralized nature, removing the need for third parties, means payments are settled in minutes, unlike conventional platforms such as Coinbase. Remittix can be utilized to pay workers globally, thanks to its support for over 50 crypto pairs and up to 30 fiat currencies.

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As a result, the project is already attracting users and recording a massive influx of investments before its final public launch.

Solana price begins micro rally towards $220 amid rising on-chain activity, and ETF odds soar

The Solana price is recovering from its 62% yearly loss, with its trading volume jumping by more than 35% in April. This trend shift coincides with rising on-chain activity in its ecosystem as its future open interest nears an all-time high. CoinGlass data reports that SOL’s open interest climbed to 40.5 million SOL. In dollar terms, this represents $5.75 billion in futures positions, ranking third among digital assets and over 50% higher than the demand for XRP derivatives.

Similarly, Solana stablecoin activity has surged past its peak after a steady rise since February. According to DefiLlama data, the stablecoin market capitalization has reached $13.16 billion.

Building on this momentum, Ali Martinez, in an X post, spotted a cup and handle pattern on the weekly charts. According to the analyst, the Solana price target from this market play is as high as $3,000. On the institutional front, Bloomberg Intelligence noted that the likelihood of US regulators approving a Solana spot ETF in 2025 has risen to 90%.

These revised odds put Solana ahead of Dogecoin, Cardano, and XRP, which could foster its current market sentiment.

Conclusion

Several Solana market oscillators show positive signals, which could lead to extended market rallies. However, Remittix’s cross-border payment features clearly make it a worthy competitor in the DeFi space. Moreover, with the $RTX token being used for cashback and other promotional offers, skyrocketing demand could trigger an even greater price surge.

$RTX tokens are currently selling for $0.0757.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix