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Solana, the popular blockchain seen as an institutional favourite, has faced major challenges in the past weeks, mainly from the meme coin ecosystem. This has negatively impacted the SOLprice, with an over 38% decline in the monthly chart. However, there are speculations that the altcoin has bottomed with a high chance of a reversal in the coming days.
In another development, the Remittix presale has continued to make waves in the crypto market, triggered by its cross-border payment platform, designed to allow for easy crypto-to-fiat conversion at no hidden fees. With the growing interest in the payFi platform, analysts are projecting as high as 50% rallies in the coming weeks.
Solana Price Prediction – Is Solana Set for a Bullish Reversal?
As per CoinMarketCap, Solana market cap has dipped from over $110B to less than $80B in the past 30 days, coinciding with the time when the popular blockchain is battling with issues of rug pull. Since the Libra token saga which led to accusations of insider manipulation, the interest in the network has declined with the market volume declining significantly.
Source: CoinMarketCap
According to Ali Martinez, a popular crypto market analyst, Solana crypto investors appear to be in a state of “Fear.” Going forward, Ali noticed that Solana transfer volume has plummeted from $1.99 billion in November 2024 to $14.57 million, suggesting that investors' confidence in the project is at its lowest since the January rally, which saw the altcoin set an all-time high of $294.
Source: Ali Martinez on X
In a detailed Solana price analysis, Ali Martinez thinks that if the SOL price breaks below $30, it could slide further to $65.
Source: Ali Charts
However, despite the decreasing volume, 37 out of the top 40 trending coins are in Solana, showcasing the ecosystem's potential. Tradingview data shows that Solana's price might hit the bottom soon. As such, with speculations of an upcoming altcoin season, the Solana price might hit $500 in 2025.
Source: Tradingview
Analysts Project Massive Rallies for Remittix in March
Looking at the price trajectory of the Remittix token since the start of the presale a few months ago, the possibility of the RTX price hitting 50% rallies in March is very high. For context, the Remittix token which kicked off the presale at a floor price of $0.006 has surged to $0.0671, an over 1000% gain for smart investors who saw the potential early and joined.
That's an average of over 100% gains monthly. The cryptocurrency ICO funding has also surged to over $12.8M, with over 504M Remittix tokens sold, indicating rising interest in the platform. Crypto analysts attribute this growing momentum to the Remittix cross-border payment platform, designed to allow users to convert over 40 cryptos into fiat and send them to any approved global bank at no hidden fees outside of the flat fees charged.
Although the likes of Stripe and Wise have shown interest in cryptos, none has been able to allow for crypto to fiat conversion, making Remittix a go-to platform for crypto traders. The simplicity of the Remittix ecosystem also makes it difficult for the recipient to notice that the payment originated from a crypto transaction.
Regarding security, all transactions are stored in a public ledger, allowing for traceability and transparency. Also, all transactions are immutable and cannot be altered when placed. With this robust security architecture, companies can use Remittix to pay global workers, while families can also use it to send funds to loved ones. Given all these robust features, Remittix is one of the top DeFi coins that could dominate the fast-rising DeFi industry on launch.
Solana vs Remittix – Which of the Altcoins Can Hit 10x in the Short Term?
Solana's high price value means that a 10x rally could shoot the market cap to over $680B which is unlikely in the coming weeks. Also, the growing issues of Solana meme coins mostly launched from Pump.fun could lead to more setbacks for the altcoin. In contrast, the Remittix adoption rate has spiked in recent weeks as seen by the amount raised in funding. Adding to the robust PayFi platform features and the market it is breaking into, a 10x rally is possible in the short term.
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