Solana is the darling crypto of the current bull run! From a low of sub $10 a few years ago it has rapidly rocketed to a cool 25x. As it stands the story of SOL is very different, with huge downturns and periods of uncertainty many are questioning if SOL can still reach $300 this year.
Meanwhile, Ethereum pundits are disappointed after the layer-2 pioneer falls short of expectations. With that being said traders are eyeing Remittix for a quick change in fortune and profits, can it become the next 25x crypto this year?
Solana Price Prediction: Where Will It Swing?
SOL price seems to be stuck in a tight spot. Staying above $140, but unable to breach $190 for the past 30 days. Analysts have mixed Solana price predictions, with some pointing out that the SOL consolidation is just a rest before it can try to touch $200.
SOL price movement for 30 days. Image Source: CoinMarketCap
But with recent liquidations north of $10 million, SOL is feeling the downward pressure. If it fails to bounce back soon, it may go further south.
Then there is the new SEC issue. The SEC is questioning the legality of the recently launched REX-Osprey SOL ETF. According to the regulator, it is not comfortable with the staking components in the newly launched ETF, and in its letter to REX-Osprey, it clearly indicated, “To the extent that these concerns remain unresolved, the Commission staff will consider the appropriate next steps to ensure compliance with the federal securities laws”.
In short, SOL’s consolidation right now leaves a big question mark on its short-term performance.
Will Ethereum Recover Past Glory?
While Bitcoin has been breaking new ATH after ATH, Ethereum is just playing catch-up, with the second-largest crypto unable to break its previous bull run’s all-time high.
There were hopes pinned on it last December, when it peaked above $4,000, but the excitement was short-lived, and ETH has been unable to sustain its price above $2,700 in the last month.
Ethereum has risen, but seems to have peaked now. Image Source: CoinMarketCap
Ye, many are still hoping this will change as the crypto bull run is far from over. Analyst Crypto Patel points out a long-term bullish outlook for Ethereum. His basis is the large outflow of ETH from exchanges, usually an indicator of long-term storage by holders anticipating big price movements. But even Patel is not predicting the price for the coming days and months.
It seems that this time around, the Ethereum price is taking a back seat.
Remittix: When Utility Beats The Market
While SOL’s short-term price can go in any direction, many believe it possesses the characteristics and foundations to easily find a foothold at $300. ETH on the other hand has let down many crypto investors with a poor performance on the year on year charts and now many are looking for more fruitful opportunities to earn a sizable return on investment. Enter Remittix, a PayFi revolution newcomer that has caught the attention of thousands with its forward-thinking PayFi exchange which could reshape the Crypto-To-FIAT landscape forever.
The reason for Remittix’s success is down to its simple business model: Send FIAT to anyone in the world whilst using crypto. There are no middlemen and no financial institutions that eat into the money under the garb of bank charges and FX fees. With Remittix charging just a small 1% flat fee, what you send is what you get.
The best part? The receiver doesn’t need to have any crypto knowledge, as the crypto (100+ supported by Remittix) is converted into local fiat and directly deposited into the recipient’s bank account.
Even businesses can take advantage of its Pay API, able to accept crypto from customers and instantly convert it into fiat.
Where Are Crypto Traders Heading To?
While heavyweights SOL and ETH have their own importance in any crypto portfolio, traders are seeking other avenues that hold a better chance of a payout.
With a strong utility that merges the two worlds of crypto and FIAT, Remittix is turning out to be the go-to choice this bull run. $15.4 million raised and 541 million RTX tokens sold are numbers hard to ignore.
Remittix is available for just $0.0781 in its current presale phase.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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