The post Holders Continue To Ditch Solana (SOL) As Price Dips, While Remittix (RTX) Causes Market-Wide Frenzy appeared first on Coinpedia Fintech News
Solana investors are experiencing a significant decline in profits, as the SOL price dropped to $156 two days ago. But while the SOL price appears to be recovering, recent signals from investing.com indicate a new bearish reversal. And as investors exit en masse from Solana, analysts say Remittix could be the next stop.
Let’s break down the catalysts making Remittix a favorite right now and what the SOL price could be by August’s end.
SOL Price Prediction As Interest Faces Downward
The hype surrounding Solana appears to be waning as the price fails to regain its position above $200. This bearish signal from the SOL price chart is further fueling a sell-off as retail traders doubt Solana’s future.
Solana’s price breakout during the short bull run in July reignited the frenzy of a potential bull, especially with the price hitting $205. However, the momentum was not sustained as investors looked to be moving outward.
While the SOL price prediction suggestion last month shows a $300 potential, whale dumping shows this might be far-reaching. According to market metrics, more than $46 million of Solana has been sold after unstaking in the last few days. Also, with Solana failing attempts to reclaim $200 support, it might be hard to see a major breakout in August.
Solana Price Analysis With ETF Inflow
The last resort experts are looking into for the SOL price to reverse upward is the effect of a Solana ETF approval. As whales exit compounds and Institutional demands slump, experts believe a Solana approval could reignite buying pressure. However, all indications are still flat on an approval date for the Solana ETF, putting uncertainty on the SOL price recovery.
According to the SOL price outlook, a failure for the coin to find support at the 200EMA price of $162 could be bad for recovery. Analysts’ projections suggest a potential return to $200 if confidence in the SOL price rebounds. However, the current investors’ outflow might mean a drawdown that could hit $120.
Remittix Low Cap Provides Safe Haven
Solana price dips are sparking interest in Remittix as investors discover the token’s utility and features. According to the general outlook, the Remittix low cap and high utility combo makes it a potential asset for massive gain.
In a follow-up to this discovery, analysts believe Remittix’s fast-growing traction could see it at 50x this year. Remittix’s current price of $0.08 provides an opportunity for high-profit entry.
However, as investors continue to ditch Solana, here are some of the factors making Remittix a haven:
Low-Cap project showing 100x potential in a fast-growing payment industry
Payment Innovation powering crypto to fiat remittance to bank accounts globally
Q3 wallet launch soon to boost adoption and accessibility
Remittix is the future of payment, with demand continuing to rise and poised for a 50x growth before next year.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway:https://gleam.io/competitions/nz84L-250000-remittix-giveaway