Solana To $130? Can Remittix 10x This Cycle? Is $5 For XRP Realistic?
The last 48 hours have been another bleeding session for the overall market; Solana price action continues to see red while XRP licks its wounds. Sentiment in the crypto market has hit rock bottom, with some calling this the worst stretch of the bull cycle if it’s even still a bull cycle.Â
The crypto market has lost approximately $325 billion in market capitalization amid increased selling pressure as Bitcoin tumbled below $88K its lowest price since last November.
Meanwhile, Remittix (RTX), a new PayFi protocol is defying the bloodbath, seeing an increase in the inflows of investor capital through its ongoing ICO. At press time, the project has already raised $12.9M by liquidating over half a billion RTX tokens.
Is Solana heading to $130 before March? Could XRP regain momentum and hit $5 this year? Can this new project deliver 10x this cycle? Let’s answer these questions.
Solana Price Facing Strong Selling Pressure
Over two weeks have passed, and Solana price still faces strong hesitant buying activity. Solana price is currently pegged at $136.78, representing a devastating 20.48% weekly dump. Last Monday, Wintermute, a crypto market maker, liquidated about $38 million of SOL tokens on Binance. Investors and market participants were taken aback because this occurred just one week before Solana’s largest token unlock.
This development has fueled concerns that Solana may face significant sell-side pressure due to an impending $2 billion token unlock scheduled for Saturday. This bearish sentiment around Solana has put sellers once again in the driving seat of Solana price trajectory. Should it continue at the rate, the $130 level might be a new resistance for Solana price before the first week of March.
A Sky-high of $5 for XRP Might Not Be Too Far Away
XRP has also had a troubling trajectory in the face of the current market turbulence. The token has shed 13.75% of its market value in the past week and is currently hovering above the $2.240 price level.
Looking beyond the near term, retail and institutional investors remain optimistic about XRP’s future trajectory. An XRP ETF approval by the pro-crypto Trump administration could finally materialize after a prolonged legal battle with the US Securities and Exchange (SEC).
Moreover, XRP secured an ETF breakthrough in Brazil earlier this month and keeps putting its footprint as a global payment network in several countries around the world. We believe XRP, with its proven utility and growing acceptance, is likely to experience further advancements. So, a sky-high of $5 for XRP might not be too far away.
Remittix: A 100x Up For Grabs
Remittix is a new PayFi protocol built to cater to one of the prevalent cross-border issues amongst payment networks: instant crypto-to-fiat transactions.Â
With the adoption of this innovative solution, a range of over 40 cryptocurrencies and 30 crypto pairs can now be easily converted and deposited to any local fiat bank of choice, even in third-world countries and underbanked regions. The Remittix team has put the market on its toes with the imminent launch of this PayFi revolution.
Moreover, the team has signaled to its growing community one of its major rollouts this year: multi-exchange listings on CEXs and DEXs. This news was a big cheer to its community, reinforcing investors’ confidence and long-term growth.
Besides, Remittix continues to deliver, raising an impressive $12.9M, mirroring the global success of XRP as a payment network. Remittix offers investors and adopters immediate value by capitalizing on the $190T payment sector market.
The project, once launched, is expected to have a lion’s share of this market gap; hence it’s not strange when industry experts forecast RTX to rally by at least 100x this year. Secure your profits from the up-down whims of the broader market by claiming your RTX tokens at a unit price of $0.0671 each before the project takes off to the moon.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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