Solana To Fall Over 25% In April Claims Early Crypto Investor As Remittix Priced At Just $0.0734 Could Rise Over 20x

Since the LIBRA incident, which happened months ago, market participants have keenly watched Solana price action. The unexpected rug pull triggered a wave of violent sell-offs from hundreds of SOL-based meme projects on the Solana chain.

This aggressiveness from sellers pushed the asset on a sloppy trajectory, plunging past several support zones in the last few weeks. While Solana appears to be losing steam, analysts believe the token will see additional 25% losses in April.

Remittix, a new payment protocol, is gaining ground on the other side of the market, boasting one of the most successful token presales. Despite the crypto bloodbath, which stretched from late February through March, and the cautious investor activity that followed, the project has raised over $14.2 million.

The project’s official launch is edging closer, and savvy investors are scrambling to have a significant portion of RTX tokens in their portfolios before its unit price of $0.0734 rises by 20x in the second quarter.

Continue reading, as we try to analyze Solana price action and shed more light on the Remittix project.

Solana Price Is Likely See Additional 25% Losses in April

For successive weeks, bulls have tried to reclaim critical levels but have been pushed back by sellers on each attempt. Solana price currently sits near $129.60, representing a 7.50% weekly decline and a 35.2% colossal dump since mid-February.

Last Wednesday, the asset started a fresh decline; falling from a weekly high of $145. Price charts show Solana is now moving sideways trading below the 100 SMA with no strong sign of market recovery in the near term. Recent analysis suggests Solana price could see further 25% declines.

Trading volumes are on the low and bulls have failed to hint at a reversal. Investors are low in confidence and analysts believe Solana price wouldn’t see any significant upward movements this week. Should it remain this way, Solana might plunge below the $115 before next week. A break below this level could send SOL closer to the $90 support.

Although Solana’s short-term price action depends on how the market reacts in the next few days, analysts suggest a steeper correction is a more probable outcome. Unless sellers loosen their grip and bulls regain control, Solana will keep slipping past key support zones and deeper into bearish territory.

Remittix: Redefining Cross-Border Transactions

Businesses and institutions that often make cross-border transactions have long been plagued by excessive transfer charges and long waiting times. Typically, international transfers involve several financial intermediaries before the recipients receive the funds the sender sends. These middlemen are responsible for the hidden transfer charges and high remittance fees that cut the money short. This is where Remittix enters the picture to flip this sick narrative!

Remittix solves this problem by strategically combining local payment networks and blockchain technology. The innovative PayFi platform connects the sender and receiver without middlemen, guaranteeing same-day processing and zero hidden fees.

With quicker settlement processing, this payment network becomes the go-to option for businesses and institutions that depend on real-time payments. Remittix’s unique offerings will strengthen B2B and B2C ties on a global scale, resulting in more transactions and larger trade volumes.

Through its ongoing ICO, Remittix has sold a whopping 525 million tokens. The RTX presale has shown no signs of slowing down and is currently offering investors $RTX tokens at a discounted fee of $0.0734 per token.

Experts are confident that Remittix will bridge a vast $183 market gap and rapidly grow adoption once it hits the market. Interestingly, they predict RTX will surge to 20x in Q2 and enjoy true market pumps in subsequent quarters.

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

Website: https://remittix.io/

Socials: https://linktr.ee/remittix