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Solana holders are shifting to new viral crypto Remittix following SOL’s recent decline.
With the bull market gaining momentum, investors are positioning themselves with forward-thinking crypto projects for big gains. Solana (SOL) has been one of the most popular crypto assets over the course of this cycle. However, its recent all-time high (ATH) and immediate decline have raised concerns.
Many investors with Solana and other cryptos are diversifying into newer cryptos, with Remittix (RTX) gaining significant attention. Remittix has exceeded analysts’ predictions so far, and while its price is rising, the token still offers a low entry this early in the bull market.
Remittix goes viral as presale smashes expectations
The crypto market has been abuzz with excitement since Donald Trump was sworn into power once again, and Remittix has been one of the main beneficiaries as it continues to exceed expectations during its presale phase.
With $7.7 million raised so far, the token’s popularity is soaring. Now selling for $0.0383, RTX is up by nearly 123% as its PayFi protocol promises to redefine cross-border payments.
Remittix aims to offer a seamless bridge for cryptocurrencies and fiat currencies. It will allow users to send their chosen crypto to any bank account, which will be received in the local currency. With the new Trump administration set to overturn SAB 121 to allow banks to hold crypto, the timing is perfect for Remittix.
Remittix’s presale smashing expectations is only the beginning. Market analysts predict RTX could achieve exponential growth, especially as its mainnet launch draws closer and will likely be as the bull run is in full swing.
Solana hit a new all-time high earlier this week when it surged to $295 after President Trump launched his meme coin on its blockchain. However, this price pump was short-lived as the SOL price saw a sharp correction, plummeting 20% within hours.
The heavy immediate crash for the SOL price has raised concerns among investors. Analysts suggest profit-taking and over-leveraged positions could have triggered the cascading price crash.
Despite the dip, many believe Solana’s fundamentals are strong, and with a likely ETF launch later this year, the SOL price should bounce back. That said, at $110 billion, Solana has a large market cap, so massive gains are likely in the rearview mirror now for SOL investors.
Conclusion
The benefits of the Trump factor were seen with the recent SOL price pump. While it corrected heavily, it should bounce back, especially as the bull market gains momentum. Remittix has also become one of the most popular crypto projects while still in its presale. As its mainnet launch edges closer, its popularity is set to surge and the main beneficiaries will be its presale investors.
For more information on Remittix, visit their website or socials.
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