Solana invests Ethereum in almost all metrics: another cryptocurrency to watch

Looking at the recent rise of Solana and Remittix as another crypto to watch out for.

Solana (SOL) is regaining strength after its blockchain experienced record DEX volumes on January 19. Although SOL is yet to reach the $300 price level, analysts are optimistic that the rally will continue over the coming weeks.

Meanwhile, another DeFi altcoin dominates the headlines; the new Remittix PayFi protocol. Seeking to simplify cross-border payments and remittances, Remittix is ​​attracting thousands of new investors during its pre-sale.

Solana continues to rebound amid increased demand

Solana reached a new all-time high price of over $290 on January 20 after the launch of Donald Trump's TRUMP token on its blockchain. Following this rally, Solana price saw a minor correction, although investors remain optimistic. The SOL/USDT monthly chart also confirms bullish theories as Solana recently broke out of a cup and handle pattern.

Solana's social dominance has also peaked in the last seven days. With more talks about Solana, analysts expect SOL price to increase due to high demand. Solana's decentralized exchange volume also surpassed $27 billion on January 19, more than BNB Chain and ethereum combined.

If the bullish trend continues, it could positively impact the price of Solana. Solana is currently trading at $256.43 after a 16.82% rise in 24 hours. As the Solana momentum indicator reflects bullish dominance on the daily chart, Solana price could soon test the critical resistance of $300.

Remittix attracts huge capital inflows

Remittix is ​​a PayFi altcoin designed to make cross-border payments simpler than ever. In the early stages of its pre-sale, Remittix has amassed over $5.4 million, with massive adoption rate.

The appeal of Remittix lies in its goal of achieving seamless crypto-to-fiat conversion within 24 hours and the elimination of hidden fees. Using the platform, people will be able to convert their cryptocurrency into fiat money and deposit funds into local bank accounts without third-party intermediaries.

User security is the top priority at Remittix as the platform will use a fully audited smart contract to process each transaction. With no central authority, Remittix ensures that every transaction is peer-to-peer and has no banking restrictions. Remittix is ​​also committed to transparency because the platform uses blockchain technology to provide a public ledger for all transactions made on the platform. All payment records are 100% immutable, enhancing user trust in Remittix's new PayFi ecosystem.

Remittix will further support cross-border e-commerce transactions through its payment API. Merchants will be able to use Remittix to receive cryptocurrency payments from customers and withdraw money in more than 30 fiat currencies or 50 different cryptocurrency pairs. The easy-to-use Checkout feature will provide customers with the same level of security as traditional payment methods, putting Remittix at the forefront of DeFi.

The Remittix PayFi ecosystem is powered by a native RTX token, which will offer utility and governance rights to long-term investors. VIP level holders will enjoy staking rewards of up to 18% APY, as well as premium voting privileges that will transform them from investors to important stakeholders in the Remittix ecosystem.

Given Remittix's user-first approach and low-cost payment solution, analysts expect this new PayFi protocol to eclipse the Solana blockchain. As Remittix closes the gap between traditional and digital currencies, the RTX token is expected to see several demand-induced price increases.

Currently, RTX tokens are selling for $0.0297, giving traders a lower entry point before the price increases in the next pre-sale phase.

To learn more about Remittix, visit their website or online community.