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Bitcoin rebounds above $100k, Solana surges past $140, and Remittix gains traction as the next XRP.
After witnessing a sharp decline in the past few days due to the upcoming US FOMC meeting, Bitcoin‘s price has recovered above $100k, with popular altcoins like Solana bouncing back. The Solana price has risen above the $140 mark as Tuttle Capital files for the Solana ETF, a move that could boost institutional adoption of the top crypto coin.
Meanwhile, the new cross-border payment solution Remittix (RTX) has continued to gain attention in the market, with analysts picking it as the next XRP. Within months of launching the presale, the RTX value has surged by over 400%, signalling massive demand for the DeFi coin. With cross-border payment projected to hit $250 billion in 2027, Remittix is tipped to be a major player in the lucrative industry.
Tuttle Capital files for Solana ETF as analysts project massive growth
Tuttle Capital, an investment advisory firm, on Monday filed for 10 leveraged crypto exchange-traded funds, including Solana and the newly launched Melania and Trump meme coin. Reacting to the news on X, Bloomberg intelligence analyst James Seyffart thinks that the new application is a case of an issuer testing the limits of what the new SEC is going to allow.
Solana’s price has reacted positively to the news, gaining over 5% in the past 24 hours while trading above $240 at the time of writing. The Solana market cap has also gained over 5% to stand above $116b with market activity also booming. Crypto analyst WorldOfCharts, in the latest Solana price analysis, thinks the altcoin is consolidating within a tight bullish pennant.
A breakout could push the Solana price towards the $300 mark. So far, the Solana market sentiment is bullish with the Fear and Greed index 71 (Greed). The altcoin is trading above the 30-day SMA with over 20 market indicators flashing buy signals. With the positive news and rising momentum, a rise to $300 is possible soon. This puts it among the altcoins to watch in Q1.
Remittix attracts big whales as presale gains momentum
The Remittix (RTX) presale has witnessed massive growth in the past weeks, triggered by the massive adoption by whales. Barely a few weeks after launching the presale, over 395 million RTX tokens have been sold with over $9 million raised in cryptocurrency ICO funding. Analysts think it is following the pattern of Blockdag which raised over $100 million in presale.
The RTX price has also surged to $0.0456 from the initial $0.006. This means early investors’ ROI has jumped by over 600%, making RTX one of the top-performing DeFi coins in the past few weeks. Market watchers attribute the driving factor to the cross-border payment solution. With the DeFi market facing issues of crypto-to-fiat payment, Remitix is developing a platform that will allow users to convert over 40 different cryptos to fiat.
All these are done without any hidden fees, which are outside the flat fees charged. Given the simple nature of the Remittix ecosystem, it is difficult for the recipient to notice that the transaction originated as a crypto payment. To ensure transparency, all transactions are immutable, making them hard to alter when initiated.
Businesses and companies can also utilize the Remittix platform to pay their international employees or accept cryptos from customers as a form of payment and settle transactions in fiat. The peer-to-peer approach removes the need for a third party, giving users full control over their assets. With the rising adoption of DeFi in financial transactions, analysts think RTX will hit $1 in 2025. This puts it on the list of top altcoins on investors’ watch lists.
Why Remittix is the next XRP
The DeFi market is witnessing massive growth as investors ditch traditional financial institutions with numerous issues like security, privacy and high fees. With Remittix, all these issues are resolved. Transactions in the ecosystem are stored in a public ledger like XRP, allowing anyone to view the details of every transaction. The P2P approach gives users full control over their assets. All these will likely increase its adoption with a high possibility of hitting 100x in 2025.
To learn more about Remittix, visit the Remittix presale and join the Remittix community.
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