The Solana token has been the subject of much criticism in Q1, from a rug pull to the recent fiasco with the crypto reserves. The Solana price has yet to beat the crypto dip, too, as the bearish indicators get even more intense.
Now, while Solana struggles against negative sentiment, traders are switching to a more viable platform where long-term gains are almost guaranteed. Remittix is already pulling a fine presale and it gets even better after launch.
Can the Solana price do a 10x pump this year and what are the prospects of the Remittix project?
Solana DEX Volume Along with Price Tank
The Solana price has been in a bearish slump for the past few weeks, but a blockchain monitor only recently picked up signals of a drastically low volume of DEX activity on the SOL network. Solana’s network has been bleeding and it’s not just the SOL price.
Reports from Milk Road show that only about 0.95% of the existing Solana wallets generate most of the gas fee revenues on the Solana network. The top token users are dwindling and the Solana price has more than compensated for the reduced traffic.
On March 12, the Solana price dropped below the $120 mark as declining user traffic contributed to the dip from the LIBRA rug pull. It remains to be seen whether Solana will recover from this bearish episode soon enough for a 10x spike this year.
Solana Price Gets Boost from ETF Applications
After a lot of bearish news, the green spot for the Solana token is the latest ETF petition from Franklin Templeton. The asset manager corporation has filed an application for Solana ETFs with the SEC and a second application to trade Ripple ETFs.
Franklin Templeton’s ETFs will be traded on the Cboe BZX exchange and there’s already some positive reaction to the ETF petition. Solana picked up from about $114 and is now trading at around $121, reducing its weekly deficits to 15%.
It’s not currently a great look on Solana charts, especially as the DEX volume keeps tanking. The brief rise in the SOL price was only temporary and the project has a huge task of convincing its users to come back with all the negative sentiment in the market.
Meanwhile, Remittix (RTX) will be looking to take over the crypto-verse with its appealing use case and investment opportunities. Whether you are a trader or an investor, Remittix has something for everyone.
New Payment Modes with Remittix
The Remittix platform is like a new version of Ripple and Stellar, the two biggest PayFi projects in the crypto market. Only this time, RTX would provide utility in real time to crypto traders, not just financial institutions and big companies.
Essentially, Remittix’s objectives are simple: to allow its users to transfer crypto assets between their crypto wallets and fiat bank accounts for various payment purposes. It could be school fees payment, clearing an online cart or even sending money abroad to relatives. Remittix ensures that traders never have to pass the longer, costlier routes anymore.
How, though? That’s where the Remittix API comes in. Users only need to input the receiving bank account and the amount of crypto they wish to transfer. The interface then calculates the gas fee needed for the transaction and the user approves the transfer.
From there, the Remittix smart contract converts the crypto tokens into the appropriate fiat currency and resolves the transaction in the bank account provided. Already, Remittix supports 40+ cryptos and 30+ fiat currencies, so crypto traders will scarcely ever be stranded for transfer options.
The world is gradually adopting crypto payments and Remittix will soon be a hub for traders to make all forms of payment. Investors are in for massive long-term gains; they only need to get into the presale early.
RTX Coins Are Selling Out Fast!
The Remittix presale has generated almost $14 million in only a few weeks of publicity. Investors don’t want to miss out on a chance for the biggest DeFi profits yet and the RTX coins are going for a fair bargain.
Each token costs $0.0734 and the prices only go higher. Don’t sleep on Remittix, get your tokens today and join the profit train!
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
