Traders are turning their attention to a new cryptocurrency project, Remittix (RTX), which is set to launch on a Solana-compatible wallet this September. Despite recent challenges faced by Solana, including a decrease in its token price, Remittix has raised over $18 million by selling more than 580 million tokens at a price of $0.0895 each. Analysts are optimistic, suggesting that RTX could achieve returns similar to the early days of Solana, potentially offering a 100x gain.
As of August 2023, the price of Solana’s token (SOL) has fallen to $162, with on-chain data indicating that Solana was surpassed by SUI in stablecoin transfer volume for the first time. This decline comes after the token’s price dropped from $206, prompting analysts to identify downside targets between $150 and $145. Technical indicators show that the 50 and 100 EMA zones around $160 are critical support levels. Should selling pressure persist, SOL may test the $140 area, which has not been previously tested for demand.
Despite the volatility surrounding Solana, many remain optimistic about its long-term prospects. Some analysts point to a possible “cup and handle” pattern in its chart, although short-term risks are still a concern. Recently, over $16.5 million exited Solana positions in a single day, reflecting investor caution as the market structure weakens. The inability to reclaim the $170 level could lead to further downward pressure on SOL.
Remittix Set to Launch Mobile Wallet
In stark contrast to Solana’s struggles, Remittix is gaining momentum. The project has announced that its mobile-first wallet will enter beta testing on September 15, 2025, allowing select community members early access. This wallet will serve as the first functional product in the Remittix PayFi ecosystem.
Remittix is positioning itself as a practical utility token for cryptocurrency users who seek more than mere speculation. With nearly $18 million in funding, it has caught the attention of both retail buyers and institutional investors. Some key features that distinguish RTX include:
– Over 580 million tokens sold at $0.0895 each
– Beta wallet launch on September 15 with full crypto functionality
– A 40% bonus for early investors before the $18 million soft cap is reached
– Compatibility with low-fee blockchains like Solana and Ethereum
– A $250,000 giveaway for early community participants
While Solana’s current trends indicate potential risks in the near term, Remittix appears to be shifting the narrative through its achievements. Analysts consider the timing of a wallet launch during a broader market pullback as strategic, suggesting that this approach positions RTX to benefit from the next altcoin surge.
The PayFi sector remains largely untapped, and with Solana’s growing throughput and user base, projects like Remittix that integrate with its infrastructure are well-positioned for significant growth.
For more information on Remittix, visit their website or check their social media platforms. The project promises to redefine the future of PayFi and engage users beyond mere speculation.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers are encouraged to conduct thorough research before making any investment decisions.